PYMNTS

FEBRUARY 14, 2020

STC Pay, which does financial technology work for both companies and individuals, works with the Saudi Arabian Monetary Agency. The company also recently teamed up with Almoayed Technologies, based in Bahrain, to promote expansion into Africa and more of the Middle East.

Regional 222

Regional Google Financial Technology Capital 222

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Under the new regulations, the units would be limited to operating in China’s Chongquing municipal region. China TransInfo Technology Corp.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

JANUARY 13, 2021

Plus, the United Kingdom and the European Union are set to begin discussions on financial services sector regulation now that Brexit has been affected. Globe Fintech, which is called Mynt, said Bow Wave Capital Management and existing investors took part in the fundraise.

Video 130

Video United States Mobile Payments 130

PYMNTS

SEPTEMBER 16, 2020

The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. The nation isn’t the first to implement an eInvoice requirement as part of more widespread initiatives to cut reduce financial crime. 16) announcement.

Taxes 163

Taxes Compliance Software Resources 163

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

Lending 150

Lending Fintech Data Wyoming 150

CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs).

FDIC 78

FDIC Capital National Regulation 78

PYMNTS

NOVEMBER 25, 2019

MGV’s Venture Fund I has already made three representative investments in financial technology startups in the UK: Nivaura, Railsbank and Gardenia Technologies. We are pleased to have new capital from substantial investors to support great, transformational businesses across Europe and the US with our highly focused fund.

Fintech 141

Fintech America Innovation Industry 141

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). In May, Brex closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said.

FDIC 166

FDIC Kansas City San Francisco Missouri 166

Chris Skinner

MAY 10, 2017

It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes. Jurisdictions such as the UK, Singapore, Switzerland and Australia are introducing FinTech-friendly policies and regulations.

Strategy 271

Strategy Fintech Regional Technology 271

PYMNTS

JULY 31, 2020

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. Department of the Treasury that charters and regulates financial institutions. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. , To date, Varo has raised $419.4

National 172

National Fintech San Francisco Connecticut 172

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

Cards 208

Cards New York Capital Compliance 208

Chris Skinner

FEBRUARY 8, 2017

Innovate Finance, which represents 300 UK fintech companies, says venture capital investment fell from $1.2bn (£970m) in 2015, to $783m last year. Around 35 Innovate Finance members have reported a withdrawal or reduction in capital funding since the referendum, says Mr Wintermeyer.

Fintech 150

Fintech Capital Innovation US 150

PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

OCTOBER 29, 2018

Berkshire has historically shied away from technology investments, because Buffet said it was out of its area of expertise, noted the paper. The two dominate their local markets and are operating in regulated industries, two characteristics the famed investment firm typically looks for when making investments.

Fintech 139

Fintech Capital Financial Technology Industry 139

PYMNTS

JANUARY 24, 2018

It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. government to explore the potential of blockchain, proving the Feds haven’t written the technology off. SEC Chairman Jay Clayton spoke Monday (Jan.

blockchain 133

blockchain Fort Worth Bitcoin Regulation 133

Insights on Business

DECEMBER 10, 2017

Fintech startups have the creativity and agility to develop applications to please these consumers, but playing by the rules of this highly regulated industry costs money and ultimately slows them down. Technology isn’t a disruptor. Let’s face it, technology is only a disruptor to those who are not prepared to use it.

Fintech 115

Fintech social media Apple Google 115

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

Fintech 167

Fintech Guidelines Mobile Training 167

PYMNTS

FEBRUARY 19, 2019

Mexico’s new government, led by President Andres Manuel Lopez Obrador, is setting its sights on financial technology to get the country out of poverty. Mexico has a lot of the key ingredients to succeed, but it’s not plug and play,” said Monica Brand Engel, a partner at Quona Capital, in an interview with the newswire.

Fintech 173

Fintech System Mobile Payments 173

PYMNTS

JULY 28, 2016

The financial technology and data analytics firm has traditionally focused on the consumer finance space in its lending operations. He has also held senior-level positions at Harley-Davidson and Capital One, reports added. Stephen Cunningham was announced as Enova International’s new finance chief, reports this week said.

Analytics 100

Analytics Lending Data Customer Experience 100

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Other recent API developments aim to offer professionals an efficient way to process payments and remain compliant with local regulations.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

MAY 22, 2018

Among the speakers was Graham Taylor, Vodafone’s assistant treasurer, who emphasized the potential for PSD2 regulations to have a profound impact on corporate cash management and payments. Most global treasurers surveyed said they plan to invest in technology and automation, as well as cybersecurity, in the coming year.

Fintech 122

Fintech Conference Survey Management 122

PYMNTS

MAY 28, 2018

Take the latest example: Ant Financial Services Group on Wednesday (May 23) announced it would partner with China Everbright Bank and its FinTech subsidiary to “facilitate China Everbright Bank’s digital transformation,” Ant said in a press release. Morocco-based HPS hopes to ride the energy of PSD2 to expand in Europe with its technology.

Fintech 100

Fintech Examples Pennsylvania Lending 100

PYMNTS

JUNE 7, 2018

However, for them to distribute those offerings — and deliver on them — community banks have technological and regulatory challenges to clear on the path going forward. Rainey told PYMNTS that financial services, particularly around payments, is evolving and changing at a pace never before seen in the industry. “I What’s Next.

Community Bank 157

Community Bank Community Millennials Regulation 157

CFPB Monitor

SEPTEMBER 8, 2020

Also, with respect to any entity that is licensed, registered, or subject to the agency’s oversight, the bill clarifies that the DFPI has the authority to, bring a civil action or other proceeding pursuant to 12 USC § 5552 to enforce the Consumer Financial Protection Act of 2010 (12 USC § 5481 et seq.) (the the “CFPA”).

California 78

California Innovation Regulation Report 78

CFPB Monitor

JULY 21, 2022

FinCEN, however, does not actually conduct BSA/AML examinations of regulated businesses. Currently, and depending on the facts, the BSA often does not apply to payment processors, who often fit into an exemption under the BSA’s definition of a “money services business,” or MSBs, subject to AML requirements.

United States 78

United States Taxes Regulation Compliance 78

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70

PYMNTS

AUGUST 19, 2016

Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. According to Reuters, the decision could enable the flow of capital on an estimated $9 trillion in cash deposits. The Future Of FinTech?

Fintech 100

Fintech Mobile Guidelines System 100

PYMNTS

JULY 11, 2017

In the latest PYMNTS Commanders in Chief series, Bruce Lowthers, executive vice president of FIS Global, a financial technology solutions provider , and president of the company’s Payments Division , didn’t set out to be an innovator. The real impact is that it’s taking capital away from new growth initiatives.

Innovation 101

Innovation social media Security Leadership 101

ZootBlog

NOVEMBER 11, 2015

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Banks need to decide if they can be nimble enough to compete on their own or if they should develop technology partnerships. They become students of the game. Everything. Fintech Houses.

Innovation 60

Innovation Fintech social media Knowledge Base 60

Fintech Labs Insights

MAY 26, 2017

ABN AMRO is the third-largest bank in the Netherlands and will use the technology to support its CDD/KYC processes in specific, and the bank’s broader “business transformation strategy” in general. “Fenergo is the technology platform that will underpin this initiative.”

Management 17

Management Innovation Compliance Capital 17

PYMNTS

JANUARY 27, 2021

In a newly-announced partnership, B2B payments solution provider Billtrust is working with integrated payment solution technology firm REPAY Holdings to streamline supplier payment workflows with a particular focus on expanding virtual card adoption. Tat Capital Debuts Value-Add For Corporate Cards.

Cards 237

Cards Capital Security Compliance 237

PYMNTS

OCTOBER 1, 2018

FIRREA authorizes the federal government to seek civil penalties against companies and individuals that commit various criminal offenses affecting federally insured financial institutions, including bank fraud, wire fraud and false statements to financial institutions. Attorney Alex Tse. lending marketplace.

Lending 135

Lending Fraud Management San Francisco 135

Fintech Labs Insights

NOVEMBER 25, 2015

Building a new financial technology? Developer news: BankNXT interviews Stefan Weiss, head of APIs at Fidor Bank , on the APIs, regulation, and expansion. Personal Capital lowers investment minimum from $100,000 to $25,000. Deluxe Corporation celebrates its 100th birthday by ringing the opening bell at the NYSE.

San Francisco 12

San Francisco Minneapolis New York Conference 12

Fintech Labs Insights

AUGUST 10, 2016

Showcase new technology in front of an influential audience of high-level financial and banking executives; press and industry analysts; venture capitalists; regulators; and entrepreneurs. Generate press recognition, find customers, network with peers, raise capital, and discover partners. We hope to see you in London!

Innovation 12

Innovation Fintech blockchain Financial Technology 12

PYMNTS

JULY 24, 2020

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking.

San Francisco 255

San Francisco Fintech cryptocurrency New York 255

Jessica Ellerm

FEBRUARY 25, 2016

On Wednesday Australia’s Prime Minister Malcolm Turnbull and Treasurer Scott Morrison jointly announced the launch of a new fintech advisory panel, bringing together bankers and fintech leaders alike, and tasking its members with the job of making Australia the leading force in financial technology within the APAC region.

Fintech 40

Fintech Lending US Policies 40