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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

It all depends on how you look at it — and where you look, of course. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And, of course, the crypto landscape extends well beyond bitcoin. Of course, it’ll take some time to get there if we do. Building The (Retail) Use Cases.

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Today In Payments Around The World: Mynt Looks For Additional Funding; WeTrade Transfer From OTC Could Bring In $121 Million

PYMNTS

Globe Telecom’s financial technology division, Globe Fintech Innovations of the Philippines, notched $175 million in additional venture funding in January. Securities and Exchange Commission (SEC). Ant-Backed Mynt Seeks More Funding On Heels Of $175 Million Round. billion market cap.

Policies 149
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Brussels To Investigate German Regulator Over Wirecard

PYMNTS

Dombrovskis told the Times he will ask the 27-nation bloc’s markets supervisor to evaluate BaFin’s handling of the one-time rising star German financial technology company. “We We need to clarify what went wrong.”.

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How FinTechs Help Companies Optimize Their Payments Acceptance Costs

PYMNTS

Companies then, of course, have the operational side of the costs and the associated headcount. It takes significant financial resources to maintain the entire payment contraption — and it also requires funding to add to that system from a capital improvement or innovation perspective in addition to the people costs.

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How Synchrony Financial Is Upgrading Its AML Strategy

PYMNTS

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. Of course, if people prefer typing passwords, they can do that instead.”.

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Federal banking agencies issue guide for community banks on conducting due diligence on fintech companies

CFPB Monitor

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Financial condition and competitive market environment and client base. Legal and regulatory compliance.

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SoFi Deals Point To Question: ‘Just What’s a Bank?’

PYMNTS

To that end, earlier this month FinTech firm SoFi made the leap beyond San Francisco to Hong Kong, having bought online brokerage firm 8 Securities. The financial terms of the deal were not disclosed. But the expansion, giving rise to the new SoFi Invest will offer “automated investing” and financial education.