Bank Innovation

MARCH 27, 2019

Hong Kong’s traditional banks are set to face one of their biggest challenges yet: a new breed of financial technology firms estimated to snare as much as 30% of their revenue. The Hong Kong Monetary Authority has granted three virtual bank licenses and is processing five more, Deputy Chief Executive Arthur Yuen said in a […].

Financial Technology 231

Financial Technology Technology Operations Digital Banking 231

PYMNTS

JANUARY 21, 2020

Qonto is operational in Spain, France, Italy and Germany, and handled €10 billion ($11.08 Compliance startup Chainalysis landed $30 million in a funding round, and Open Financial Technologies raised $4.6 So far, Qonto has worked with about 65,000 companies in the past two and a half years. million.

Capital 131

Capital Digital Banking Compliance Mobile 131

Insights on Business

JUNE 18, 2018

Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. At the SIFMA Fintech Conference this week these powerful technologies will be on display in the Big Apple. IBM keynote.

Conference 70

Conference Fintech blockchain Compliance 70

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

Innovation 124

Innovation US Metro Washington 124

Bank Innovation

JUNE 27, 2019

On Tuesday, Beth Knickerbocker, the chief innovation officer for the Office of the Comptroller of the Currency (OCC), delivered testimony to the House of Representatives' Task Force on Financial Technology. The Innovation Pilot Program would […].

Innovation 170

Innovation Report Financial Technology Fintech 170

PYMNTS

OCTOBER 9, 2019

As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

FEBRUARY 15, 2019

Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. Open Financial Technologies. India’s Open Financial Technologies raised $4.6 OakNorth operates in the U.K.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

PYMNTS

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. But it was a Singapore startup building out a holistic suite of small business financial services that landed the largest round this week, by far.

Fintech 155

Fintech Capital Lending Operations 155

Bank Innovation

JANUARY 28, 2019

Financial technology provider Personetics is building robo-advisor capabilities into its AI-based PFM tool offering. This new feature will allow banks to offer their customers the valuable product of auto-investment, ideally at no extra, or at least minimal, extra cost.

Financial Technology 170

Financial Technology Tools Technology Operations 170

PYMNTS

JULY 2, 2020

In its report, the publication warned, “this should probably be a wake-up call to get into compliance immediately” for other payroll card solution providers and employers. 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

Bank Innovation

APRIL 8, 2019

The new funds would be used to finance the expansion of the Tel Aviv-based financial technology firm, the people said, who asked for anonymity as the matter […].

Fraud 150

Fraud Financial Technology Online Technology 150

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. That doesn’t mean it’s been easy. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

FEBRUARY 21, 2019

Financial technology firm Green Dot , which made its name on its prepaid debit card solutions, is ramping up its focus on Banking-as-a-Service (BaaS) after posting $14.3 Green Dot also plans to upgrade the BaaS platform again in 2020, he noted, with an emphasis on risk controls and compliance.

Taxes 188

Taxes User Experience Cards Operations 188

Bank Innovation

FEBRUARY 6, 2017

INV Fintech, the sister accelerator to this site, is pleased to announce its inaugural episode of INV Unfiltered — a new monthly podcast series, which will cover current trends and intriguing topics in financial technology and beyond.

Fintech 150

Fintech Financial Technology Trends Technology 150

Celent Banking

OCTOBER 12, 2015

This week I’m in Singapore, which provides a beautiful backdrop for Sibos 2015, the annual conference that brings together thousands of business leaders, decision makers and topic experts from a range of financial institutions, market infrastructures, multinational corporations and technology partners.

Conference 100

Conference Compliance Customer Experience Analysis 100

PYMNTS

JUNE 12, 2017

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. Nearly a quarter of survey respondents said they were doing business in each of the 10 key markets identified by the survey, with the vast majority operating in North America. Payments Rails.

Fintech 150

Fintech Survey Cards Payments 150

Accenture

SEPTEMBER 25, 2017

It’s a concept that banks and financial technology (fintech) companies should—and are—quickly learning. Incumbent banks recognise that technology has the power to transform their business by making it more efficient, providing a better customer experience, and ultimately improving profit margins.

Fintech 154

Fintech Customer Experience America System 154

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 195

Fintech Community Regional Technology 195

Independent Banker

OCTOBER 31, 2022

There’s incredible value in banks’ data, and they aren’t optimizing it either because of a lack of technology or it’s locked in the core. There’s incredible value in banks’ data, and they aren’t optimizing it either because of a lack of technology or it’s locked in the core,” he says. With AI, we can turn it into actionable insights.”.

Community Bank 91

Community Bank Community Customer Experience Data 91

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to Aaron Graft, Triumph Financial for building a payments network (for trucking) with its factoring arm becoming the second largest factor in the transportation industry while starting Triumph Pay, which is what has investors valuing the company as it is.

Community 216

Community Fintech Industry Innovation 216

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers. Fintech forum.

Report 68

Report Big Data Lending Survey 68

Insights on Business

MARCH 12, 2018

Ludwig also expects new regulatory interest in the vast expanse of emerging financial technologies and services. In both cases, AI takes enormous amounts of information and permits better informed, data-driven decisions, ultimately allowing a regulatory ecosystem to operate more efficiently and effectively.

Groups 79

Groups blockchain cryptocurrency Regulation 79

CFPB Monitor

AUGUST 8, 2019

The letter was conditioned on Upstart’s agreement to a model risk management and compliance plan that required it to analyze and address risks to consumers, and assess the real-world impact of alternative data and machine learning. Lawmakers are also focusing on the use of algorithms by consumer financial services providers.

Data 60

Data Lending Compliance Policies 60

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

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. a community bank operating and software services firm in Wilmington, N.C.

Community Bank 70

Community Bank Community Lending FDIC 70

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. He sees problems consumers are having, and then he solves them.

Innovation 101

Innovation social media Security Leadership 101

CFPB Monitor

NOVEMBER 22, 2022

That Order directed the Secretary of the Treasury to issue a report assessing how the entry of large technology firms and other non-banks into consumer finance markets has affected competition. The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

CFPB Monitor

JULY 21, 2022

in a manner that the Secretary determines appropriate to assess compliance” with the amendment. After the random audits, the Secretary will submit reports to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.

United States 78

United States Taxes Regulation Compliance 78

Urs Bolt

OCTOBER 17, 2018

Fintech to facilitate inclusive financial system establishment in China, say experts. China could improve its regulatory technologies. For example, implemented in an appropriate way, Blockchain technologies could support the exchange of personal data for client onboarding incl. Compliance. Financial Services.

System 28

System Fintech blockchain Innovation 28

Insights on Business

JULY 20, 2017

It also creates its own products and has its own back-office operations. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. Open banking is here, and it is far from being a compliance exercise. Open banking for all.

Fintech 181

Fintech Mobile Examples Data 181

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

Tech and Finance

DECEMBER 30, 2018

Payment systems are moving to real-time around the globe, according to a the fifth annual “ Flavors of Fast ” report from FIS , the financial technology powerhouse. Somewhat improbably, the United States got a 4 rating even though its system isn’t operational at scale.

United States 31

United States Payments Maine Chicago 31

PYMNTS

MAY 18, 2016

As President of Trulioo, Jon Jones is passionate about protecting consumers and businesses from all facets of fraud and subsequent loss — but he doesn’t believe that doing so effectively has to come at the expense of technological innovation. And we do this within a few seconds.

Innovation 100

Innovation Technology Regulation Fraud 100

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. So, Now What?

Lending 135

Lending Fraud Management San Francisco 135

Banking 2020

FEBRUARY 8, 2016

Of course, it’s all driven by technology. Regulation plays a role too: Stricter compliance mandates are squeezing some lines of business for larger companies, enabling smaller funds and lenders to move in. We know how easy it is for technology-enabled upstarts to lure customers with convenience over trust and quality.

Industry 40

Industry Study Regulation Comparison 40

CB Insights

DECEMBER 5, 2017

These include wireless home monitoring startup Notion (XL Innovate, Liberty Mutual Strategic Ventures), on-demand homeshare insurance startup Slice Labs (XL Innovate, Munich Re/HSB Ventures), virtual auto claims operations firm Snapsheet (USAA, Liberty Mutual), and contract-related insurance startup Bunker (American Family Ventures, Hiscox).

Strategy 28

Strategy Marketing Analytics Innovation 28

PYMNTS

JULY 24, 2020

Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. 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. Last week, Revolut, which recently debuted in the U.S.

San Francisco 255

San Francisco Fintech cryptocurrency New York 255