Bank Innovation

JANUARY 13, 2017

Last April, Bank Innovation reported that Paymentwall, a San Francisco-based payments company, had enabled payments to one of the world’s most closed markets, Iran.

San Francisco 150

San Francisco United States Payments Innovation 150

Bank Innovation

MARCH 27, 2020

In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies began formulating strategies to help banking and consumers emerge from the crisis with better tools and solutions.

Fintech 259

Fintech United States Tools Strategy 259

PYMNTS

NOVEMBER 2, 2020

Europe Plans To Publish Digital Services Act, Digital Markets Act Drafts. European Commission Executive Vice President Margrethe Vestager said in a webinar that to make the 2020s the continent’s digital decade “is every bit as much about building trust as it is about investing in digital innovation.”. “In

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Taxes National Regulation Google 212

PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect.

blockchain 160

blockchain cryptocurrency Bitcoin Compliance 160

Perficient

JULY 31, 2020

Just google “COVID statistics” and it returns 4,770,000,000 websites with its own dashboard automatically reflecting the state you are in and United States population (assuming you are in US). This function will also play a key role in regulatory compliance and data security aspects of value of data.

Data 354

Data Analytics Strategy social media 354

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. Some smaller players are looking to avoid shouldering the regulatory compliance work involved in serving additional global markets by turning to already-licensed partners.

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Report Fintech United States Meeting 216

CFPB Monitor

MARCH 15, 2022

The complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans). The DFPI is not alone in asserting a “true lender” claim.

California 78

California Innovation Utah West Virginia 78

PYMNTS

JULY 15, 2019

PayPal said on Monday (July 15) that it is launching Xoom, its international digital money transfer service, in the United Kingdom and 31 markets spanning Europe. All of that volume, he noted, “is ripe for innovation.”. Call it remittance on a global scale, or P2P without borders. business stand at $50,000. “We

Course 201

Course United States Marketing Examples 201

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions.

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System Las Vegas San Antonio San Diego 264

PYMNTS

OCTOBER 10, 2019

In the latest Digital Banking Tracker , PYMNTS examines how banks are innovating their strategies for fraud protection and anti-money laundering (AML), all while making sure that legitimate customers remain satisfied with a quick and convenient online banking experience. Banks Are Innovating AML To Keep Out Launderers.

Fraud 126

Fraud Digital Banking Strategy Security 126

PYMNTS

JUNE 19, 2020

Bank profits in the United States took a 69.6 The support of local payment methods , while ensuring know your customer (KYC) and anti-money laundering (AML) compliance as well as tracking currency exchange rates can put pressure on the resources of retailers. FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic.

Payments 151

Payments United States FDIC Retail 151

PYMNTS

SEPTEMBER 20, 2018

That comes as more than 50 percent of SWIFT gpi payments are credited to beneficiaries in less than 30 minutes, and where many transactions within that subset are credited in a few seconds, but a significant number of the remaining tally are delayed in the face of incorrect or insufficient data, ranging from beneficiary info to compliance data.

Mobile 158

Mobile Payments United States Analysis 158

PYMNTS

MAY 2, 2017

In an interview with PYMNTS, Shaunt Sarkissian, founder and CEO at CS Platform Technologies, stated at Innovation Project 2017 that “particularly everyone has been talking about tokenization,” replacing the card data with something else. Those firms might once have been viewed as ancillary to the domestic market, but no more, he said.

Payments 101

Payments Innovation United States Regulation 101

PYMNTS

JUNE 26, 2018

And, in regions where digital tools have long been available, new innovations are providing more intelligent financial insights than ever before. . Digital banking capabilities are currently making their big debut in markets that had yet to tap in to the potential of mobile and online finance management solutions. .

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Trends Digital Banking United States Tools 127

PYMNTS

OCTOBER 16, 2019

Technology, improvements in logistics and, of course, new innovations in payments have all played a role in bringing trade to an ever-broadening global stage. Agarwal noted that trade is becoming global at an accelerating pace — notwithstanding the headlines centered on trade wars between the United States and China.

Payments 128

Payments social media Fintech Compliance 128

PYMNTS

OCTOBER 20, 2016

19) the launch of its newest omnichannel payment platform for the United States — Worldpay Total. Chief Product and Marketing Officer Sarah Arvin in the press release. Worldpay announced Wednesday (Oct. A flexible payments hub makes it easy and fast to add new features and services as payment needs evolve.

US 100

US United States Customer Experience Compliance 100

Gonzobanker

DECEMBER 14, 2023

Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units.

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Fintech Community Regional Technology 194

PYMNTS

JUNE 26, 2019

Despite the compliance deadline being set back in 2015, many banks that offer application programming interfaces (APIs) to third-party providers and FinTech firms are still unprepared for SCA. In Asia, regulatory bodies in Hong Kong and Singapore are using the PSD2 regulation as a template for their own data transparency innovations.

California 109

California Regulation Fintech Data 109

Insights on Business

MARCH 25, 2019

As the United States increases financial pressure against Hezbollah and other sanctioned organizations, a recent conviction of a Lebanese businessman reveals the extent global terrorist networks and other criminal organizations would go through to facilitate money laundering schemes. AML and sanctions risk in every corner of the world.

Compliance 98

Compliance Taxes United States Data 98

PYMNTS

AUGUST 1, 2019

Network interoperability is rare between FIs in the same market, as it allows out-of-network banks to compete for their business. A pan-European instant payments solution could be a game changer for European businesses, as it would allow real-time transactions and ease compliance needs. Federal Reserve created in 2015.

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Payments Cards United States System 108

CB Insights

AUGUST 6, 2017

After a client requested copies of all our recent market maps, we decided to take it a step further. Below you’ll find a collection of all our CB Insights market maps and unbundling/disrupting graphics. 145+ Tech Startups Focused On Transforming Capital Markets In One Market Map. This post is broken into sections.

Industry 78

Industry Marketing Fintech Software 78

PYMNTS

JUNE 15, 2018

In a statement , the payments messaging company said the financial institutions (FIs) “have gone live” with the SWIFT Global Payments Innovation (GPI) initiative. As of June 2017, “98 percent of the payments between the United States and China are performed in U.S. Dollars,” according to SWIFT.

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blockchain Case Study United States cryptocurrency 100

PYMNTS

APRIL 1, 2016

Innovation, said FTNI, is key, but the right type of innovation is even more important. In fact, having to manage and support multiple platforms and legacy systems cost businesses in the United States alone upward of $1 billion annually, as noted in a 2014 study by ACI Worldwide and Wiese Research Associates.

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Management Compliance United States Payments 100

PYMNTS

JANUARY 2, 2017

goods and services trade with China accounted for over $659 billion in value, according to the Office of the United States Trade Representative. The year 2016 brought with it a wave of innovation that disrupted cross-border payments. So, for us, it’s about how the market is responding at the time.”. B2Bs’ need for speed.

Payments 105

Payments blockchain San Francisco Compliance 105

PYMNTS

MARCH 19, 2019

In the latest PYMNTS Beyond the Buzzword podcast, Justin Ferrabee, chief operating officer of Payments Canada , a financial market infrastructure, told Karen Webster that cash now has — and will continue to have — its place among the ways we pay. The stats show that cash use is declining, but a decline does not presage a disappearance.

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Data Payments United States System 216

PYMNTS

OCTOBER 11, 2019

Here is what we’ve learned from the Libra experience that may be helpful to other innovators who have large plans to change the world. Subscription Payments Meet Emerging Markets (GoCardless Global Recurring Payments Tracker). Trending: How EU Regulators Are Complicating SCA Compliance (Ekata PSDS Tracker). As of Oct.

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Cards Online Houston Digital Banking 116

PYMNTS

FEBRUARY 8, 2017

So good, in fact, that the six-and-a-half-year-old firm actually took down the silver medal at Innovation Project 2016 for most invisible innovation. We were already number one for cross-border education payments in the United States. Europe and Australia, and we’re becoming a market leader in Southeast Asia.”.

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Bitcoin Payments Innovation United States 100

Gonzobanker

MAY 17, 2022

This technical friction causes initiatives to slow and allows less room for innovators to deliver new value. unemployment rate in the United States is nothing compared to the striking 1.3% As banks focus on speed to market, they must become more discerning about how different solutions impact the pace of delivery.

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Technology Regional Community Bank Community 135

Insights on Business

DECEMBER 14, 2016

Further, as banks are cutting costs, increased demands for security and regulatory compliance are adding them back almost as quickly. Using technology – especially hybrid cloud technology – to ruthlessly simplify and standardize while driving continuous innovation. ibm.com/marketing/iwm/dre/signup?source=mrs-form-10102&S_PKG=ov55254.

social media 70

social media United States Regulation Operations 70

PYMNTS

SEPTEMBER 15, 2017

As LendUp CEO Sasha Orloff and Beneficial State Bank Co-CEO Kat Taylor told PYMNTS in a recent interview, banks and FinTechs need each other, and a very large segment of the population living on the margins of financial services in the United States need these two groups to work together as well. “I

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Fintech System Lending Cards 198

PYMNTS

AUGUST 4, 2017

The first QR codes were rolled out by Toyota in 1994 as an innovation meant to help streamline the manufacturing process. That framework will allow point of interaction(POI) implementers to evaluate whether their QR generation and interpretation are in compliance with specifications. But, it never quite happened.

Payments 124

Payments Mobile United States Technology 124

FICO

JANUARY 5, 2023

The CFPB's New Open Banking Proposal Will Accelerate Exciting Product Innovations. For several years now, FICO has recognized the potential of new scoring innovations leveraging consumer financial account data. The CFPB’s Section 1033 rulemaking will only fuel further innovations as open banking takes a stronger hold in the U.S.

Policies 52

Policies Company Regulation Risk Management 52

PYMNTS

JANUARY 30, 2017

billion, originated from the United States. The remittance business is massive and massively important to the individuals and the countries that receive them, but in the face of other retail payments innovation, they keep a relatively low profile. We think that this will allow us to grow a very robust send market [in China].”.

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Payments United States Mobile Dallas 100

William Mills

APRIL 27, 2017

From their web site: We create, design and develop innovative applications, combining talent and technology to achieve high impact creative solutions for our clients’ needs. Seems like a pretty straightforward application of marketing automation and predictive marketing. 12:28 pm Infocorp. Ana, CEO is speaking. “20

San Francisco 69

San Francisco social media San Jose Customer Experience 69

CFPB Monitor

JUNE 25, 2020

The final CRA rule is an effort by the OCC to provide objective measures to evaluate the CRA performance of national banks and savings associations supervised by the OCC (including federal and state-chartered savings associations and uninsured federal branches of foreign banks). This activity will be repeated for other product lines.

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Community Lending Meeting Retail 97

PYMNTS

OCTOBER 31, 2016

Regardless of who’s sworn in as president of the United States on Jan. Just a week ago, he said publicly that he’s now “gravely concerned” about banks wanting to limit access to their assets, like customer data, to innovators who, without it, have no way to ignite their own ideas and monetize them. And it’s already pretty bad.

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Regulation Innovation Data Industry 100

Insights on Business

OCTOBER 11, 2017

The digital era is rapidly changing every aspect of our lives through more recent inventions, innovations and new business models. But more likely it’s a response to a pervasive trend in banking and financial markets: customers want faster, more personalized experiences, not just transactions. Want to see a movie? Click here.

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Industry Payments Course Meeting 70