PYMNTS

NOVEMBER 9, 2020

FinTech Tide withdrew from the program citing inadequate funding, according to a report in The Guardian. . The FinTech lender Tide is scrambling to secure the funding necessary to offer BBL top-ups to its customers. The FinTech lender Tide is scrambling to secure the funding necessary to offer BBL top-ups to its customers.

Fintech 177

Fintech Lending Digital Banking Capital 177

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. That comes as Open Banking bowed in Europe last month.

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Washington Regulation Conference Fintech 101

PYMNTS

SEPTEMBER 2, 2020

If approved by the Canadian Securities Administrators (CSA), the country’s equivalent of the U.S. Securities and Exchange Commission, the stock would be listed on the Toronto Stock Exchange under the “NVEI” ticker. and RBC Capital Markets.

Payments 229

Payments Fintech Security Technology 229

PYMNTS

NOVEMBER 12, 2020

Visa Unveils FinTech Partnership Program In Europe. FinTech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” according to a representative for the company in an email announcing the effort. Plus, Railsbank has closed a $37 million funding deal.

Payments 142

Payments Fintech Exercises Risk Management 142

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant?

Regulation 108

Regulation Compliance Capital Resources 108

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. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties. “GAO

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

JANUARY 8, 2021

The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on Friday (Jan. The plan to revise cyberspace regulations comes at a time when China is stepping up the scrutiny of tech giants.

Online 171

Online Regulation Maine National 171

Chris Skinner

MAY 12, 2017

Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech. Chris Skinner: The world’s leading-edge regulatory bodies are creating lighter regulations than one required for a full banking license. CS: That is one of the main differences.

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Regulation Capital Fintech Innovation 255

Bank Innovation

MARCH 19, 2020

How will banking and fintech business models be impacted by this unprecedented coronavirus pandemic? For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

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Meeting Fintech Innovation Customer Experience 293

PYMNTS

DECEMBER 17, 2020

In today’s top payments news around the world, British FinTech GoCardless has landed $95 million in a Series F funding round, while Australian buy now, pay later (BNPL) firm Openpay has officially launched in the U.S. UK FinTech GoCardless Raises $95 Million Led By Bain. UK FinTech GoCardless Raises $95 Million Led By Bain.

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Fintech US Payments United States 142

PYMNTS

AUGUST 14, 2019

For these transactions to run smoothly, however, communication must remain seamless and secure. Companies separated across borders want payments to be delivered on time so they can meet their payment deadlines, access capital and deliver products in a timely fashion. Deep Dive: The Road to Real-Time Payments.

Fintech 168

Fintech Payments Cards Regional 168

PYMNTS

OCTOBER 22, 2020

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. Ant, the FinTech backed by China's Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai in the next few weeks, according to sources quoted by Reuters.

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Groups Capital Regulation Fintech 175

PYMNTS

MAY 30, 2018

Banks, he noted, have to be compliant with a host of extremely stringent regulations, and often across multiple jurisdictions – all with different rules. Throw into the mix consumer protection guidelines, active anti-money laundering checks and capital requirements, and things get difficult, Oosthuizen noted. Why Banks Need FinTechs.

Fintech 160

Fintech Regulation Compliance Innovation 160

PYMNTS

APRIL 23, 2019

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. In the case of accessing capital, the Federal Reserve ‘s latest analysis has suggested that small business demand for financing in the U.S. The firm secured $1.8

Fintech 154

Fintech Taxes Capital Analysis 154

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote.

Regulation 349

Regulation National System Industry 349

PYMNTS

FEBRUARY 23, 2017

Alternative lender Prospa has raised new venture capital that comes with a prestigious label for the company. 22) said Prospa secured A$25 million (about $20 million) from AirTree Ventures. The Series B round is the largest-ever venture capital investment into an Australian FinTech startup, according to reports.

Fintech 100

Fintech Capital Lending Branding 100

PYMNTS

SEPTEMBER 28, 2020

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. Ant Bank will partner with AlipayHK to allow users to integrate banking services, Fintech News reported. China International Capital Corp. billion yuan ($10.5 Citigroup , J.P.

Groups 272

Groups Fintech Mobile Report 272

PYMNTS

MAY 18, 2018

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

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Fintech blockchain Analytics Capital 134

PYMNTS

JUNE 15, 2018

In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments. In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

JANUARY 28, 2020

They are heavily regulated and require heavy investment,” both in terms of capital and human resources. “It It takes time and it takes capital [to go deeper into digital],” he continued. “It “Traditional financial institutions are not exactly known for their agility,” he said. But that’s not the whole story, of course.

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Fintech Digital Strategies Mobile Resources 169

Bank Innovation

DECEMBER 6, 2019

In this episode, Suman Bhattacharyya, senior editor, and Angely Mercado, associate editor, discuss the following news developments: How Canadian venture capital firm Portag3 is continuing its global push with the recent close of a C$427 million […].

Video 243

Video Fintech Capital Customer Experience 243

BankBazaar

MAY 7, 2024

BankBazaar.com, India’s leading fintech co-branded Credit Card platform and online platform for free Credit Score, marks its third consecutive year of fast and sustainable growth, with an unaudited operating revenue of Rs.215 The collaboration between FinTechs and banks is pivotal in shaping the future of financial services.

Branding 78

Branding Cards Fintech Leadership 78

PYMNTS

FEBRUARY 24, 2017

B2B FinTech startups came close to hitting the $100 million investment mark this week, with funding rounds in the U.S., The $20 million funding round for Australian alternative lending platform Prospa has set a record, according to reports, as the largest FinTech venture capital funding in the country. Alt-Lending.

Fintech 109

Fintech Capital Lending blockchain 109

PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. It amounted to about $12.5

Fintech 100

Fintech Lending Capital Innovation 100

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators. Around The Digital Identity Landscape .

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Video Report Meeting United States 211

PYMNTS

AUGUST 25, 2016

The World Federation of Exchanges (WFE) said there needs to be clarity over blockchain regulations before adoption can become more widespread. This shows we are firmly moving towards a world where the technology could become applicable to global capital markets.

blockchain 100

blockchain Regulation Survey Technology 100

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. The lack of security cooperation between bankers and regulators also comes up for blame. Fraud is a Top Worry. Growing Awareness.

America 102

America Security Miami Conference 102

PYMNTS

NOVEMBER 4, 2020

Officials in Beijing were concerned about explosive investor interest in the planned $37 billion IPO by the world’s largest FinTech and how it might impact the public markets, according to the news outlet. Chinese regulators are also growing concerned about the breakneck growth of Ant Group’s lending business. A collective $2.7

Lending 240

Lending Groups Regulation Marketing 240

PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. Its capital city of Brussels, which serves as a home base for various international organizations, is working to also becomes a top contender as a global tech center. environment.

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

NOVEMBER 13, 2020

But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain. Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge. Managing The Invoice.

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

DECEMBER 2, 2016

We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. But the largest venture capital funding round went to an accounts payable automation firm in the U.S. But the largest venture capital funding round went to an accounts payable automation firm in the U.S.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster. Reuters quoted central bank Vice Gov.

US 168

US Regulation Groups System 168

PYMNTS

DECEMBER 17, 2019

The global advance of open banking initiatives means many consumers’ online platforms are connected to challenger banks and FinTechs that lack the funds necessary to provide robust fraud protection measures. FIs must thus find ways to shore up such weak points if they wish to keep their customers loyal and secure.

Technology 142

Technology Fraud Data Security 142

PYMNTS

MARCH 28, 2017

But FinTechs are facing new regulations in the country after the Indonesian Financial Services Authority introduced new rules this year that introduce a minimum threshold of about $75,000.

Security 100

Security Fintech Capital Operations 100

PYMNTS

JULY 22, 2016

It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., million in B2B venture capital was divided among alt-finance, supplier payments and Big Data services startups this past week. million for alt-lenders this week. Find out how the more than $26.5

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

JUNE 23, 2016

Santander InnoVentures , a FinTech venture capital fund, announced on Wednesday (June 22) that it is making a strategic investment in identity verification platform Socure. But it can also be utilized in applications across fraud prevention and compliance to help businesses adhere to anti-money laundering (AML) regulations.

Security 107

Security Fraud Compliance Capital 107

PYMNTS

FEBRUARY 27, 2020

At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Fifth Third Bank Taps FinTech For SMB Lending. Small businesses continue to embrace digital banking.

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Fintech Fraud Data Lending 192