PYMNTS

DECEMBER 14, 2018

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms. “The modern-day client expects a seamless transaction experience,” he said.

Fintech 192

Fintech Payments Innovation Regulation 192

PYMNTS

APRIL 25, 2017

The FinTech industry’s future could depend on the outcome of a fight between the Office of the Comptroller of the Currency (OCC) and states, according to a report in TechCrunch. The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices.

Fintech 109

Fintech Ohio Florida Oregon 109

PYMNTS

SEPTEMBER 24, 2020

When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. This week's look at the latest innovation initiatives finds a big push for the latter. Mexico, Nigeria and Tanzania.

Payments 187

Payments blockchain Fintech Innovation 187

Insights on Business

MARCH 15, 2019

Senior executives at financial services institutions have expressed the need for a stronger link between compliance and risk as stories of improper conduct and regulatory require­ments for AML, sanctions, customer fairness, data protection and privacy continue to dominate the business headlines. Key elements of an effective GRC program.

Compliance 87

Compliance Management DC Washington 87

PYMNTS

OCTOBER 29, 2020

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. Plus, the U.S. TrueLayer Launches in Australia.

US 203

US Fintech Tennessee Compliance 203

Gonzobanker

FEBRUARY 26, 2019

Luckily for the banks, there are many more of the latter than the former.” – Bank Innovation. Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. So here’s the follow-the-money skinny on recent fintech deals—and what it says about what’s likely to come next. Money talks.

Fintech 104

Fintech Analytics Lending Case Study 104

Bank Innovation

AUGUST 6, 2018

Roboadvisor Betterment is not interested in having its own national bank charter, Bank Innovation has learned. Last week, alongside the endorsement of the US Treasury, the OCC was finally opened the application process for fintechs seeking a special national banking charter.

National 150

National Innovation Fintech US 150

PYMNTS

NOVEMBER 10, 2020

The November Smarter Payments Tracker® examines how FIs and FinTechs are innovating to deliver more compelling cross-border and international banking offerings. It also looks at the role of Banking-as-a-Service (BaaS) solutions in powering FIs’ and FinTechs’ efforts to cater to expatriates and immigrant workers.

Report 216

Report Fintech United States Meeting 216

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. Thus, said the agencies, banks should eye technology, and should endeavor to “consider, evaluate, and where appropriate, responsibly implement innovative approaches in this area.”

Compliance 148

Compliance Innovation FDIC Examples 148

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. That’s enough to send normal people into the fetal position.

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.

Fintech 198

Fintech System Lending Cards 198

CFPB Monitor

NOVEMBER 22, 2022

The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

Bank Innovation

FEBRUARY 14, 2019

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

Omaha 186

Omaha Technology National Innovation 186

PYMNTS

NOVEMBER 11, 2019

MAS, as well as FinTechs from the country’s private sector, have propelled the nation into a global leading position in trade finance innovation. The ecosystem has also supported bank-FinTech collaboration in the market.

Operations 100

Operations Compliance Fintech National 100

PYMNTS

FEBRUARY 25, 2020

Chinese regulators are also working on regulations to shore up application programming interface (API) innovations and platform banking. The reality is that the nation approaches cybersecurity and Open Banking from another angle. Confronting Chinese Compliance . and the U.S.

Regulation 140

Regulation Compliance Online Data 140

PYMNTS

NOVEMBER 21, 2018

With FinTech driving innovation and competition in the cross-border payments space, governments can no longer afford to ignore changing and heightening demands for greater speed, transparency and efficiency in global transactions. times global GDP in 2016. Payments infrastructure[s] have rapidly improved over the last few years.

Payments 123

Payments Innovation National System 123

Bank Innovation

SEPTEMBER 5, 2018

The digital banking service Varo Money announced last night it had received preliminary approval for a national banking charter from the Office of the Comptroller of the Currency, a division of the U.S. As Bank Innovation previously reported, Varo raised $45 million for this purpose in January. Treasury Department.

National 150

National Digital Banking Innovation Report 150

PYMNTS

FEBRUARY 24, 2020

as they upgrade their online data and financial rules to support global digital banking innovations. Its policies mandate that corporations share private data with it, for example, meaning Chinese regulatory innovation requires serious consideration from any entities that wish to work there. The law is still ambiguous. he remarked.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

JULY 26, 2017

In some ways, the risks facing banks are longstanding: Non-traditional FIs and innovation are forcing banks to rethink their position in the market. The federal banking system is, and should be, a source of strength for the nation and its economy. Compliance. Today, the federal banking system remains healthy,” he continued. “As

Compliance 115

Compliance System Fintech Report 115

CFPB Monitor

MAY 3, 2021

The True Lender rule clarifies when, under existing law, a national bank is the “true lender” that makes a loan in the context of an arrangement between the bank and a non-bank entity that facilitates or services the loan.

North Carolina 60

North Carolina Lending National District of Columbia 60

PYMNTS

DECEMBER 6, 2017

Collaboration between FinTechs and banks. And, much to the relief of corporates, the continuing focus on B2B payments innovation. We are definitely seeing more innovation in the cross-border B2B space in the last two years than we have ever before,” he recently told PYMNTS. “We That’s where FinTech comes in.

Payments 183

Payments blockchain Innovation Fintech 183

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Acquisition of the Year: Bank Acquiring a Fintech. Acquisition of the Year: Fintech Acquiring a Bank. Oh, what a mere 12 months can do.

Community 216

Community Fintech Industry Innovation 216

Let's Talk Payments

JUNE 9, 2016

Witnessing the outstanding success and growth of global FinTech ecosystems, a growing number of governments are deciding to take actions to foster innovation and create welcoming national environments for startups.

Fintech 40

Fintech National Innovation US 40

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

DECEMBER 30, 2019

The December Faster Payments Tracke r explores the opportunities that smart FinTechs are taking in the education space and looks at the expanding cross-border tuition market and the challenges students and parents face sending tuition payments both domestically and internationally. Bursari Helps Public Schools Adopt Faster Payments.

Payments 130

Payments System Maine Fintech 130

PYMNTS

MARCH 16, 2017

Althaus explained that, across industries and across company size, businesses essentially experience the same pain points of international accounts receivable: visibility, speed, cost, complexity and compliance. Meanwhile, each particular geographic market has its own set of regulations, geopolitical and compliance demands.

Marketing 109

Marketing Payments Compliance Innovation 109

Urs Bolt

OCTOBER 17, 2018

Fintech to facilitate inclusive financial system establishment in China, say experts. Leveraged by tremendous customer data, Chinese Fintech companies have an edge over their Western counterparts in innovation applications.”. “It is notable that banks are not leading technology innovations in China. Compliance.

System 28

System Fintech blockchain Innovation 28

PYMNTS

MARCH 25, 2019

“The payments system in the Netherlands is quite efficient — it’s quite developed [and] really digital,” Hielkema said in a recent interview with PYMNTS, adding that this makes it difficult for FinTechs to implement new PSD2-compliant payment services that consumers can use and trust. PSD2 compliance, licensing and consumer protection.

Regional 108

Regional Regulation Data Payments 108

Insights on Business

JULY 11, 2018

Technological innovation is a reality that is impacting every facet of society. The estimated global cost of compliance is $320bn and the penalties for not meeting regulatory obligations continues to skyrocket impacting share value and the banking sectors bottom line.

Technology 185

Technology Innovation Operations Compliance 185

PYMNTS

AUGUST 10, 2017

Innovation can sometimes be seen as a solution looking for a problem, but it’s time to stop thinking of technology as bells and whistles and start looking at it as a necessary element of doing business for a changing consumer base – and up against a changing landscape of challenges and threats. FinTech operators are very nimble.

How To 136

How To Risk Management Technology US 136

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. They even mentioned that these approaches “can maximize utilization of banks’ BSA/AML compliance resources.” But is it possible? The question’s answer has now become apparent to me.

Regulation 70

Regulation Compliance Analysis Innovation 70

PYMNTS

JANUARY 6, 2020

will be expected to open their platforms and application programming interfaces (APIs) to smaller FinTechs and third-party players in ways that comply with PSD2, potentially including SCA. Preparedness helps with confident compliance . Turkish institutions.

Regulation 131

Regulation Industry Data Regional 131

Bank Innovation

FEBRUARY 18, 2019

Alliant Credit Union, one of the nation’s largest CUs, is fully digitalizing its end-to-end member application and loan process by yearend, moving closer to becoming the nation's first digital-only credit union.

Chicago 170

Chicago National Online Compliance 170

PYMNTS

MAY 1, 2018

India’s demonetization initiative may have sent shockwaves through the consumer and business community, but for FinTechs, the sudden announcement by Prime Minister Narendra Modi in 2016 presented an open door, as customers suddenly had a massive new incentive to adopt electronic payments solutions.

Management 100

Management Fintech Policies Data 100

Bank Innovation

MARCH 30, 2018

bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation. Barclays customers across Europe will not be able to use their mobile banking app this weekend. The major U.K. These changes were established by the Bank of England in 2011, and is referred […].

Online 220

Online National Regulation Mobile 220

CFPB Monitor

FEBRUARY 14, 2019

Those agencies are to be identified by the National Science and Technology Council Select Committee on Artificial Intelligence Select Committee. The order directs certain federal agencies to pursue various strategic objectives to promote and protect American advancement in AI. Last summer, the U.S.

Lending 84

Lending Community National Leadership 84

Fintech Labs Insights

MAY 2, 2017

The recent news that due diligence innovator OutsideIQ agreed to be acquired by compliance specialist, Exiger, is a sign that the RegTech revolution in fintech is real. In March, the company partnered with SAP Ariba, and teamed up with Genpact to provide better KYC and compliance solutions for FIs.

Compliance 16

Compliance Maryland New York Conference 16