PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in regions such as Europe are changing the ways they look at cross-border transactions.

Fraud 180

Fraud Payments Regulation Security 180

PYMNTS

FEBRUARY 25, 2020

The country’s recent cybersecurity and Open Banking developments have thus been the subjects of extensive scrutiny among its own regulators, as well as among cyber and financial experts around the world. Chinese regulators are also working on regulations to shore up application programming interface (API) innovations and platform banking.

Regulation 140

Regulation Compliance Online Data 140

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

Bank Innovation

DECEMBER 13, 2016

This was a big year for fintech, with new regulations, new startups, and new technologies displayed across events like Sibos and Money20/20, making it clear that the progress of fintech can’t really be stopped. It’s almost time to wave goodbye to 2016. But how will it continue? That’s the real Read More.

Fintech 150

Fintech Regulation Technology Regional 150

PYMNTS

APRIL 16, 2020

Accelerated data sharing has become a focal point for small business lenders and FinTechs looking to speed up the time it takes for SMBs to apply for and receive much-needed funding. This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

PYMNTS

JUNE 15, 2020

B2B FinTechs continue to step up to introduce new solutions for their customers with an eye on helping business owners survive this market crisis and persevere into the future. Addressing these unique, location-specific points of frictions through technology also enables a FinTech like Aion Bank to address SMBs’ global needs as well.

Regional 245

Regional Operations Fintech Tools 245

PYMNTS

MARCH 11, 2019

According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services. Under the plan, credit union members would be able to access the CULedger via a digital credential dubbed MyCUID.

blockchain 160

blockchain Regulation Community Bank Regional 160

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. News From The AML/KYC Ecosystem .

How To 170

How To blockchain Compliance Regional 170

PYMNTS

MARCH 19, 2019

While the industry has expanded quickly to a large and complex scale over the years, regulatory directions keep changing and different regions have different rules.”. We hope regulators can give the industry a clear and definite timetable, and give guidance and a ray of hope for companies that stick to compliance,” Guo said.

Regulation 138

Regulation Regional Lending Compliance 138

PYMNTS

JUNE 26, 2020

eWallet is regulated and licensed by the Central Bank of the UAE and works to offer electronic payments through a mobile app, the release states. P2P services could play a big role in the burgeoning Middle Eastern world of FinTechs, a recent PYMNTS discussion speculated.

Mobile 168

Mobile Regional Compliance Regulation 168

PYMNTS

JANUARY 31, 2020

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Australian regulators are still deciding how Open Banking will affect FIs within their country.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

MARCH 25, 2019

The Netherlands, for instance, only recently implemented it because it needed to make sure that consumers’ personal data will remain protected, as payments in the region are mostly digital. The country was unenthused, she said, adding that the new PSD2 law is viewed as “a way of regulating activity that is in the market already.”.

Regional 108

Regional Regulation Data Payments 108

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. he remarked. “I

Regulation 160

Regulation Policies Data Compliance 160

Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. For marijuana businesses, with compliance a critical yet challenging factor, these payment rails don’t always adequately address the needs of the sector.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

FEBRUARY 11, 2019

The collaboration — Beehive’s first partnership with a traditional financial institution (FI) — also marks Thanachart’s first FinTech tie-up that addresses business finance. The company announced on Saturday (Feb. Beehive first launched in 2015 in the United Arab Emirates (UAE) to link SMBs to its marketplace lending solution.

Fintech 109

Fintech Tools Customer Experience Regional 109

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. Merchants have been sleepwalking into SCA,” Princen explained.

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Part of that, he added, is across-the-board high standards when it comes to compliance and verification.

Innovation 161

Innovation Payments Regional America 161

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

Payments Source

JULY 6, 2018

International banks are also having to adapt to a raft of regional payment and data regulations that impact their operations in certain territories significantly but in others only negligibly, according to Russell Bennett, chief technology officer of Fraedom.

Data 69

Data Regional Fintech Regulation 69

PYMNTS

JULY 2, 2020

Mastercard and Eedenbull are broadening their existing partnership into the Asia Pacific region in a move that sees Mastercard supporting EedenBull’s commercial card platform offered to banks. ” Mastercard, EedenBull Expand Into APAC. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208

Cards New York Capital Compliance 208

Celent Banking

MARCH 30, 2016

Last week, I participated in a Finextra webinar on the topic of “Connected Credit and Compliance for Lending Growth” with panelists from ING, Vertus Partners, Misys and Credits Vision. Cost of compliance. Changing client expectations. Competition from new entrants.

Lending 100

Lending Compliance Training Capital 100

PYMNTS

APRIL 26, 2018

A month away, and the General Data Protection Regulation (GDPR) looms large. Many of the larger EU-based firms have been preparing for GDPR for years and have processes in place that anticipate the formal debut of GDPR and its compliance mandates. As Shakespeare wrote centuries ago (without data mapping in mind), the readiness is all.

Regulation 128

Regulation Data Compliance Examples 128

PYMNTS

FEBRUARY 10, 2017

The region is also home to an active and fast-growing startup scene. Brussels the third wealthiest region in terms of GDP per capita due to this number being twice as high as the European average. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016). environment.

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

JUNE 12, 2017

From shifting use of various payment rails like ACH and cards, to deployment of FinTech technologies, to changing supplier payment habits, the report offers a glimpse at the current state of B2B payments – and where the industry may be headed. But how businesses reshape their payment practices varies. Payments Rails.

Fintech 150

Fintech Survey Cards Payments 150

Alex Jimenez

NOVEMBER 4, 2023

Money 20/20 USA has become the biggest FinTech gathering in the US. FinTech Revolution and AI: The overarching trend was the continued evolution and revolution in the FinTech industry, including the adoption of AI and emerging technologies. Similarly, FinTech firms face a reality with limited VC funds.

Conference 84

Conference Meeting Trends Fintech 84

PYMNTS

APRIL 20, 2017

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. It seems that every few weeks another FinTech is seeking a banking license in the U.K. Many of these companies take a digital-first approach to their offerings, and that means a digital approach to compliance, too.

Compliance 110

Compliance Innovation social media Lending 110

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. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Fraud is a Top Worry.

America 102

America Security Miami Conference 102

PYMNTS

OCTOBER 28, 2019

Backed by investors including Rocket Internet, Vertex Ventures, MDI Ventures and Fullerton Financial Holdings, InstaReM is currently regulated in the U.S., Visa, Marqeta Team To Boost FinTech Expansion Across Asia Pacific. InstaReM, a digital cross-border payments provider, is rebranding to become part of global payments platform Nium.

Payments 101

Payments Guidelines Fintech Regional 101

PYMNTS

OCTOBER 6, 2016

Region Stacy Rosenthal didn’t speak directly of Ripple’s swipes. Rather, she pointed to the competitive spirit of FinTech and argued that SWIFT is focusing on improving the infrastructure that corporates and FIs need to improve global payments — not on what she described as the FinTech hype sweeping the market.

Innovation 188

Innovation Payments Fintech New York 188

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. The fintech hub.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

OCTOBER 10, 2019

Regulators as well as banks are searching for ways to keep launderers and other fraudsters out of online banking. Several of these Dutch banks are still dealing with fines concerning their AML tools and compliance, but they are far from the only banks that need to upgrade. Around the Digital Banking World. About the Tracker.

Fraud 126

Fraud Digital Banking Strategy Security 126

PYMNTS

SEPTEMBER 12, 2017

In FinTech – as all types of firms scramble to change the way payments have “always” been done – where innovation makes a mark, profits follow. Compliance and data integration are valuable services for those firms, he said. And for firms like CurrencyCloud – currently regulated in the U.K. Data Point Number Two: 64 Percent.

Regulation 101

Regulation Data Innovation Payments 101

PYMNTS

MAY 23, 2019

Germany’s financial markets watchdog BaFin has ordered FinTech N26 to boost its anti-money laundering (AML) controls. As a result, the online bank was criticized for not being diligent about security and compliance controls as it rushed to grow. million customers.

Regional 108

Regional America Compliance Security 108

PYMNTS

MAY 24, 2019

The Innovation Hours Program will provide financial technology (FinTech) and regulatory technology (RegTech) companies and financial institutions the opportunity to present their new and emerging innovative products and services to FinCEN,” the organization said in the release. FinCEN expects to hold events in the Washington, D.C.

Innovation 124

Innovation US Metro Washington 124

FICO

DECEMBER 23, 2020

The global pandemic has driven a dramatic change in consumer behavior, not least an exponential rise in the use of digital and mobile channels for banking and financial services, increased competition from fintechs, and the rise of open banking. Regulators Will Zero in on Closing the Gaps.

Compliance 52

Compliance Regulation Data Risk Management 52

PYMNTS

MARCH 12, 2018

And yet: How and why to regulate? And where – and just who should do the regulating? federal agencies that are trying to figure out if something is under their purview and should they [even] be regulating this.”. Japan, of course, has taken the leap to require exchanges to be registered with regulators.

Regulation 117

Regulation Security Course blockchain 117