PYMNTS

SEPTEMBER 17, 2019

FinTech firms are keeping a pulse on the latest regulations and helping their clients comply with them. The European Union’s General Data Protection Regulation (GDPR), for instance, went into effect last May, and penalties are just starting to be enforced.

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Fintech Compliance Data Regulation 200

PYMNTS

SEPTEMBER 6, 2018

Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list. Automating that compliance is now a “need to have.”. For FinTech firms, doing the chasing all on their own is a losing proposition. FinTech firms can browse and research what they need and pick it up on the fly. Plugging In To Plugins.

Compliance 133

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PYMNTS

NOVEMBER 13, 2020

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. The regulators are looking more closely at transaction-based platforms, Lau said, per Bloomberg.

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Bank Innovation

JANUARY 17, 2019

regulators have taken a greater interest over the last year in technology startups promising to reinvent finance. This newfound attention is compelling the biggest names in fintech to prioritize a part of their business that’s often ignored.

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Regulation Fintech Compliance Financial Technology 150

PYMNTS

NOVEMBER 4, 2020

Some FinTech leaders say that this lack of modernization is at least partly to blame for the estimated $1.5 Trade finance players, including corporates, banks and regulators, are finally ready to embrace modernization and technology. As a highly regulated area of financial services, trade finance has struggled to enter the digital age.

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Payments Source

SEPTEMBER 21, 2020

To find a balance between the requirements of the regulator and the tasks of promoting and growing the product, the marketer has to understand the intricacies of compliance and all of the in and outs, says Aximetria's Dmitry Ryzhkov.

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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.

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PYMNTS

JUNE 7, 2018

As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money laundering. It was the second major case new CEO Matt Comyn settled with regulators in a month, following an admission of rate manipulation.

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PYMNTS

JULY 8, 2019

and compliance teams would manually check onboarding customers to make sure their records were clear. Wiping out the manual process and handling compliance in an automated fashion can propel companies forward,” Meier said. A client who passed through compliance checks on day one might not be compliant on day 500, for example.

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Compliance Data System Fintech 202

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. billion — 91 percent — of those penalties, while European regulators demanded $1.7 imposed a full $23.52

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Fraud Fintech Compliance Regulation 189

PYMNTS

SEPTEMBER 10, 2019

Businesses that fail to comply with anti-money laundering (AML) and know your customer (KYC) regulations risk major regulator fines and irreparable damage to customer relationships when something goes wrong. The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. .

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Security Fintech Fraud Compliance 185

Banking Exchange

JULY 21, 2021

Announcement follows upsurge of fintech partnerships and industry demand for better alignment on guidance Compliance Risk Management Feature3 Feature Duties Compliance Management.

Risk Management 78

Risk Management Management Fintech Regulation 78

Bank Innovation

APRIL 24, 2017

Fintech has another cousin. The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation.

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Regulation blockchain Fintech Technology 255

Banking Exchange

MAY 19, 2021

Corporation is the latest regulator to respond to the rapidly growing fintech market Compliance Technology Feature3 Fintech Blockchain Feature Financial Trends Bitcoin Cryptocurrency Compliance Management Compliance/Regulatory.

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Regulation FDIC Compliance Bitcoin 78

Bank Innovation

JUNE 1, 2016

Today marks the official start of France’s new fintech regulatory division. The Autorité des marchés financiers (AMF), France’s financial regulator, has a job ad on LinkedIn for a “Chargé de mission” for the new fintech division. It Read More.

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Regulation Fintech Compliance Innovation 150

American Banker

JANUARY 28, 2024

Fintechs that jump ship to more stable sponsor banks need to prove they have a solid business and take compliance seriously.

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Fintech Compliance Technology Regulation 99

American Banker

AUGUST 22, 2023

Banks are holding their fintech partners to a higher compliance standard as regulatory scrutiny of banking-as-a-service increases.

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Compliance Fintech Digital Banking Technology 60

Payments Source

MARCH 1, 2019

regulators over money laundering compliance, a predicament that sheds light on issues faced by the entire digital financial services industry. Revolut has caught the attention of U.K.

Compliance 113

Compliance Fintech Regulation Industry 113

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements. He advised banks to closely monitor risk and compliance in these partnerships.

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Fintech Risk Management Conference Lending 146

Banking Exchange

JANUARY 9, 2023

Entities that are not federally regulated should not be allowed to make SBA-approved loans, industry groups argue Compliance Feature3 Feature Compliance Management Compliance/Regulatory Small Business PPP Covid19.

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Compliance Fintech Regulation Groups 122

Bank Innovation

NOVEMBER 10, 2017

EXCLUSIVE—If fintechs want to land a successful partnership with a financial incumbent, understanding the regulatory atmosphere of the industry is crucial, Steve Smith, CEO of Finicity, told Bank Innovation.

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Fintech Compliance Innovation Industry 225

Bank Innovation

APRIL 29, 2016

Regulators have certainly kept a close eye on fintech upstarts. Last month, the Financial Stability Board (FSB) – comprised of 20 world economies – came together in Tokyo to establish a framework and assess the potential of fintech startups “disrupting” traditional banking.

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Regulation Fintech How To Compliance 150

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

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. What’s Next? But please, don’t get cocky.

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Regulation blockchain Marketing Strategy 178

Bobsguide

APRIL 12, 2018

Compliance with legislation is a basic condition for all businesses. However, few industries are as regulated as the financial sector. Since the financial crisis, the volume of regulations has grown exponentially, and market participants now find themselves operating in a minefield of various legal.

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Compliance Capital Data Fintech 119

PYMNTS

SEPTEMBER 25, 2019

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. Know Your Customer is another area of compliance friction for these companies, added Wales, as money laundering and terrorist financing become more significant threats to the borrowing and lending space. In the U.S.,

Compliance 117

Compliance Risk Management Lending Regulation 117

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. banks have to analyze AML regulations before even beginning to innovate, and the rules in question change often.

Compliance 123

Compliance Fraud Study Digital Banking 123

American Banker

NOVEMBER 9, 2023

Speakers at DC Fintech Week highlighted ways forward for regulators to keep pace with artificial intelligence, such as by setting up "guardrails" before guidelines.

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Regulation DC Guidelines Innovation 85

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

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Fintech How To Innovation System 195

Bank Innovation

JANUARY 12, 2018

EXCLUSIVE – Major European payments regulation, PSD2 is set to go live tomorrow in Europe. The main objective of this new regulation is to level […]. Banks across the European Union have been preparing for the revised Payment Service Directive or PSD2 since it was first passed in 2015 by the Council of the European Union.

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Regulation Payments Maine Compliance 337

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. It has more than 80 fintech partnerships including Coinbase, Upgrade, Affirm, Best Egg, Divvy, Rocket Loans and Stripe. And regulators have made it clear that ignorance of the law is no excuse.

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Compliance FDIC Strategy Fintech 109

Bank Innovation

JANUARY 23, 2020

Amid the digital upheaval in our industry, one thing hasn’t changed: regulatory compliance. In fact, given digital transformation, it is even more important that institutions maintain their compliance with federal, state and local laws and regulations.

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Compliance Regulation Fintech Industry 243

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.

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Fintech Software Security Compliance 191

Chris Skinner

FEBRUARY 13, 2020

A decade ago, we talked about the financial crisis, technology, regulations and compliance.

Technology 501

Technology Compliance Regulation Digital Banking 501

Insights on Business

MAY 1, 2019

A recently published Thomson Reuters study titled “ Fintech, Regtech and the Role of Compliance in 2019 ” found that a new regulatory alert is issued every seven minutes. To date, it seems that the way for an organization to keep pace with change, manage risk and improve compliance has been to hire and spend more.

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Compliance United States Regulation Study 141

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

Bank Innovation

MARCH 10, 2016

Is there a way to prevent regulators from derailing a bank’s fintech initiatives? In fact, the influential community banker has devised a distinct strategy for limiting the bank’s regulatory risk from fintech projects, Read More. Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla.,

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Regulation Fintech Community Strategy 150