PYMNTS

DECEMBER 16, 2019

one of the largest FinTech hubs of the world today, initiatives like Open Banking demonstrate the opportunity for regulatory mandates to encourage innovation and competition — even in markets where such regulatory mandates don’t exist. Mixing Innovation With Compliance. With the U.K. Achieving A Better User Experience.

User Experience 204

User Experience Compliance Payments Fraud 204

PYMNTS

NOVEMBER 11, 2020

Visa is rolling out a new initiative aimed at connecting European financial institutions and merchants with cutting-edge digital payments services. In particular, Visa said it is teaming with 13 different FinTech “solutions” in Europe it believes are the “forefront of this technology.”.

Fintech 277

Fintech Compliance Online Survey 277

PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. BNL Goes Live With Tink. ICICI Adds AlignBooks Technology. ní banka Taps Temenos. The Czech Republic’s Komer?ní

Fintech 341

Fintech National Groups Tools 341

BankInovation

AUGUST 2, 2023

Digital bank Grasshopper has turned to fintech Cable to automate financial crime assurance and testing. This [partnership] just expedited […]

Compliance 52

Compliance Digital Banking Fintech 52

PYMNTS

JULY 5, 2018

The vast majority of traditional financial institutions (FIs) plan to increase their collaborative efforts with the FinTech world, according to a PwC report published last year. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.

Compliance 109

Compliance Fintech Marketing Security 109

PYMNTS

FEBRUARY 12, 2020

Fenergo , a Dublin-based FinTech startup that helps other banking organizations deal with regulatory compliance, onboarding and “lifecycle management,” has raised $80 million and has a valuation of $800 million, according to a report. This round is reportedly one of the larger ones completed for an Irish FinTech.

Compliance 150

Compliance Fintech Customer Experience Industry 150

PYMNTS

SEPTEMBER 8, 2020

While consumer onboarding for banks and FinTechs has seen immense innovation in recent years, the same cannot be said for business customers, according to Kyle Mack, CEO of Middesk. 8), the company announced that it has joined Visa's Fintech Fast Track Program to help emerging FinTechs optimize their own business identity strategies.

Fintech 198

Fintech Compliance Fraud social media 198

PYMNTS

MAY 21, 2020

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). Built on the bank-FinTech collaborative model, startup Treasury Prime recently announced a $9 million Series A funding round for its API technology.

Fintech 173

Fintech Compliance Risk Management Lending 173

PYMNTS

JULY 28, 2020

The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings. Yet this week’s look at the latest tie-ups reveals new models of collaboration, including FinTechs expanding their footprint within banking, and wielding banks to fit within their own tech solutions.

Fintech 279

Fintech Lending Digital Banking Technology 279

PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be. Seeing’ Identity More Clearly With AI, ML.

Compliance 198

Compliance Regulation Payments Study 198

BankInovation

AUGUST 9, 2021

Automation is quickly becoming the new norm in auto finance, prompting auto lenders to partner with fintechs to simplify their regulatory practices. One of the latest fintechs to enter the auto finance scene is Lender Compliance Technologies (LCT), which specializes in compliance solutions for auto and powersports lenders.

Compliance 98

Compliance Technology Fintech Lending 98

PYMNTS

FEBRUARY 18, 2020

B2B FinTech-as-a-Service (FaaS) unicorn Rapyd has partnered with Visa to help small and medium-sized businesses (SMBs) expand their FinTech and payment services, Rapyd announced on Tuesday (Feb. Rapyd is also joining Visa’s FinTech Fast Track program “as an enablement partner,” and now issues Visa cards in the U.K.

Fintech 206

Fintech Cards Customer Experience Regional 206

PYMNTS

JULY 22, 2020

FinTech TradeCore rolled out a platform that helps new financial institutions (FIs) launch quickly and easily, according to a Financial IT report. CEO Stefan Pajkovic founded the company to help emerging FinTechs find their way through the industry’s regulations and licensing requirements.

Fintech 130

Fintech Compliance Regulation cryptocurrency 130

PYMNTS

DECEMBER 11, 2020

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JUNE 5, 2017

Amid the embrace of artificial intelligence across financial services, one big bank is adopting AI to streamline compliance efforts. Banks have been eyeing the bottom line while also boosting compliance efforts. Reuters reported that HSBC Holdings has linked up with AI startup Ayasdi, which makes its home base in Silicon Valley.

Compliance 117

Compliance Fintech Digital Strategies Strategy 117

PYMNTS

SEPTEMBER 10, 2019

The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . Collaborations can help ease the challenges of compliance for companies seeking to keep their conduct above board. Deep Dive: How FinTechs, FIs Can Arm Up Against Fraud. Around the AML/KYC Worl d.

Security 185

Security Fintech Fraud Compliance 185

PYMNTS

MAY 22, 2020

From competitors to collaborators, the FinTech boom introduced a field of opportunity for traditional financial institutions to team up with an industry newcomer to become more agile and modern with their own product offerings. On the other hand,” he added, “the pandemic doesn’t just spare FinTechs. Financing Burdens.

Fintech 261

Fintech Lending Tools Risk Management 261

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5 million. .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

DECEMBER 2, 2020

Luxembourg regulators have given a thumbs-up to the FinTech PingPong , authorizing it to do business as an Electronic Money Institution (EMI). The new license will allow PingPong to offer customers “a more flexible array of services,” the company said in a news release.

Fintech 158

Fintech San Francisco New York California 158

PYMNTS

JULY 7, 2020

This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Build, buy or partner? Finastra Chosen by Community FI. Faster Payments scheme.

Community Bank 242

Community Bank Community Fintech Regional 242

PYMNTS

FEBRUARY 11, 2020

The Uber Money team will be geared toward putting into place new payment methods, harnessing smart routing technologies for payment gateways, using Uber artificial intelligence (AI) models for intelligent risk decisions and enabling as well as developing financial compliance tools. percent business stake per news in January.

San Francisco 186

San Francisco Fintech Analytics New York 186

Bank Innovation

JULY 31, 2018

It’s good news for fintechs in lending and payments that want a federal banking license, the Office of Comptroller of the Currency (OCC) has started accepting applications starting today. The fintech charter does not require deposit insurance from the FDIC, per a recommendation from the Treasury Department.

Fintech 218

Fintech FDIC Lending Payments 218

Gonzobanker

JUNE 14, 2023

To realize the rewards of the BaaS industry, banks and fintechs are going to have to learn to play by some non-negotiable rules – together. Now, the bank is required to receive FDIC approval for all new third parties and credit products. For fintech firms, knowing whether a program could violate a law is table stakes for compliance.

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

APRIL 29, 2020

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

Fintech 238

Fintech Payments Data Technology 238

PYMNTS

JUNE 3, 2020

Bank-FinTech collaboration continues to proliferate in markets around the world. and Europe embracing FinTechs in Open Banking efforts. Elsewhere, FinTechs are taking the initiative to work with financial institutions and offer their technologies in an effort to augment corporate services. An agreement with the U.K.

Fintech 171

Fintech Tools Technology Meeting 171

PYMNTS

OCTOBER 16, 2019

The latest Digital Banking Tracker brings research and expert commentary from the FinTech and consumer banking space with a focus on anti-money laundering (AML) and solutions. The Cost of Compliance.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

SEPTEMBER 25, 2019

An explosion of FinTechs looking to fill the gaps left across under-banked and under-financed populations, including, in many markets, small businesses, has watchdogs exploring how to promote financial inclusion and access to capital while maintaining borrower protection. In the U.S., Data Solutions For Data Problems.

Compliance 117

Compliance Risk Management Lending Regulation 117

PYMNTS

NOVEMBER 25, 2019

Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and Big Tech in the coming decade. But as a recent Google announcement demonstrated, FIs are engaging with technology players in new ways as together, they seek to create ecosystems that offer new value to consumers.

Google 272

Google Fintech Payments Apple 272

PYMNTS

NOVEMBER 2, 2020

In an interview with PYMNTS, Neel Ganu , CEO of FinTech Finch said that combining banking and investing activities into a single account can help these younger consumers optimize their daily finances and grow their wealth in the meantime. to ensure regulatory compliance. Autonomous Finance . Finch said last month that it raised $1.8

Millennials 221

Millennials Fintech Course FDIC 221

PYMNTS

APRIL 26, 2019

The end of a busy week provides a chance to catch up on the biggest news from the world of digital payments and commerce – news, trackers and even fun stories you may have missed. Venmo is one of the FinTechs that have been able to garner widespread adoption. Welcome to the PYMNTS Weekender. We hope you enjoy. Top Stories.

Bitcoin 175

Bitcoin Apple Cards Compliance 175

PYMNTS

JULY 31, 2019

And that’s where we come to FinTech. As PYMNTS readers know, the role and appeal of FinTech is increasing significantly as consumer demands rapidly change, and technology and regulatory efforts encourage further innovation in digital payments and global transactions. FinTech Partnerships. Whole Ecosystem. “If

Fintech 192

Fintech Innovation US Payments 192

PYMNTS

OCTOBER 29, 2018

Privacy is not an afterthought with the “privacy by design” mindset, and FinTech startups may take a similar approach with data security. It seems like every day, there’s a new exploit,” said Capote, who recently joined the firm as CIO after the company hired his former firm ProPrivatus to help with IT security and compliance.

Fintech 191

Fintech Software Security Compliance 191

PYMNTS

JUNE 24, 2019

With the Strong Customer Authentication (SCA) compliance deadline less than four months away, banks are still underprepared. While banks continue to open their application programming interfaces (APIs) to third-party providers and FinTech firms, many are still in the dark when it comes to SCA.

Fintech 161

Fintech Regulation Compliance Data 161

PYMNTS

JANUARY 25, 2018

More than half of companies surveyed by SWIFT and Dow Jones Risk & Compliance last year said they plan to invest in RegTech in the coming years, and most agree that technology has enabled a greater ability to remain compliant with key regulations surrounding anti-money laundering , Know Your Customer and more. billion in 2015.

Compliance 148

Compliance Regulation Resources Survey 148

PYMNTS

JULY 24, 2020

Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. While Revolut has emerged as one of the biggest players in the crowded FinTech sector, it has yet to make a profit. the New York-based settlement platform. the New York-based settlement platform.

San Francisco 255

San Francisco Fintech cryptocurrency New York 255

PYMNTS

SEPTEMBER 25, 2020

It’s the end of another work week, and the PYMNTS Weekender is here to catch you up on the latest news. 21) after a report was leaked to the International Consortium of Investigative Journalists (ICIJ) and BuzzFeed News. MineralTree bought Atlanta-based Regal Software and California FinTech Inspyrus. Time on Tuesday (Sept.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

NOVEMBER 4, 2020

Ant Group has been stopped in its tracks, but the regulatory scrutiny the firm is facing may have ripple effects throughout the FinTech realm, and well beyond whether they will (or can) list on public exchanges. 5), and a meeting with company executives and company Co-Founder Jack Ma discussed changes in the FinTech regulatory environment.

Fintech 175

Fintech Regulation Survey Report 175