Bussman Advisory

OCTOBER 1, 2022

The latest edition of the FinTech Ecosystem Newsletter is here : Interested in FinTech or Digital Assets related Advisory or Workshop? Do you want your board, executives or staff to better understand the impact of FinTech, Blockchain or Digital Assets on the future of finance? Subscribe now to our weekly newsletter.

Innovation 52

Innovation Fintech Security social media 52

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

PYMNTS

MAY 7, 2020

“We’ve basically seen a multi-year acceleration of the world going digital over the course of a few weeks.”. FinTechs, he noted, are currently “working overtime” to steady their organizations through the current turbulence, while at the same time developing apps and tech to help meet new consumer and business needs. The New Ecosystem.

Fintech 238

Fintech Meeting Bitcoin Payments 238

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. FinTech Improvements.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Digital Demand.

Fintech 211

Fintech Mobile Analysis Technology 211

Bank Innovation

JANUARY 25, 2017

More fintech is coming to Austin. The massive South by Southwest conference and festival features startups in a number of categories — transportation, augmented/virtual reality, and of course fintech — plus several others. The event is the 9th annual pitch session for SXSW’s accelerator.

Austin 150

Austin Fintech Conference Course 150

PYMNTS

DECEMBER 4, 2017

Boost Payment Solutions is one company that seeks to bring electronic payments to the B2B realm, as both an acquirer and a FinTech with an exclusive focus on commercial credit cards. PARS for a New Course. And finally, security, the “S” in the PARS acronym, may be the key to spurring virtual card adoption for B2B.

Course 101

Course Payments Cards System 101

PYMNTS

DECEMBER 23, 2020

Step hopes to serve those consumers over the course of their entire lives. “I But it also has to be something that parents see as trustworthy, secure, stable and likely to promote financial literacy. But it's something that Step is designed to help with, and the company has built a unique, secured credit card to handle.

Fintech 322

Fintech Cards FDIC Lending 322

PYMNTS

DECEMBER 18, 2018

As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. 5G Security Holes? As well, the 21-page report found that 5G “security goals are underspecified,” among other problems. Government Role?

Security 143

Security Mobile Technology Cyber Security 143

PYMNTS

JUNE 25, 2019

Collaborating with FinTechs means FIs can create innovative tools and consumer-facing features, but it also throws the established banking world into flux. They are [already] being challenged by a lot of the FinTechs and the larger technology companies.”. Open Banking and the Customer Service Shift.

Fintech 122

Fintech Customer Experience Data User Experience 122

PYMNTS

JANUARY 28, 2020

But that’s not the whole story, of course. If it’s the latter — or some combination of the latter — that means working with FinTechs or other financial services players that are not traditional FIs. Of course, those digital strategies that FIs are (or should be) working on in 2020 can involve a variety of features, tools and offerings.

Fintech 169

Fintech Digital Strategies Mobile Resources 169

PYMNTS

MAY 27, 2020

The pandemic has accelerated the digital roadmap for everyone in financial services, giving rise to more innovation in the past few months than had been seen over the course of several years. Increasingly, in the jockeying to get new products and services to market, FIs are finding value in partnerships struck with FIs.

Fintech 236

Fintech Innovation Digital Banking FDIC 236

PYMNTS

JULY 25, 2017

Protecting digital identities is all about keeping up — keeping up with new technology, new regulations and, of course, bad actors. . Meanwhile, Precise Biometrics is hoping to prevent biometrics fraud with a new mobile security suite. Around the Digital Identity World. To read the full story, download the Tracker. .

Security 101

Security Report Regulation Course 101

PYMNTS

AUGUST 6, 2018

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change in how these financial upstarts might be both governed and cultivated. As reported, financing FinTechs has been enthusiastic, touching $22 billion in 2017 — up 13 times from 2010.

Regulation 100

Regulation Fintech Data Course 100

PYMNTS

JUNE 24, 2020

Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.”. We’ve basically seen a multi-year acceleration of the world going digital over the course of a few weeks,” he said.

Payments 243

Payments Fintech Course Operations 243

PYMNTS

AUGUST 7, 2018

If money is a vote of confidence, via investments, then confidence is strong in the tech sector, and specifically for FinTechs. The shift has been one where banks are, of course, enlisting the aid of these smaller firms to broaden services and make them nimbler. But there can be a sea change afoot that can mix things up a bit.

Fintech 101

Fintech National Course Capital 101

PYMNTS

MAY 26, 2017

Mizuho Financial Group , the Japanese financial company, is gearing up to launch a venture in June to create new businesses with FinTech. Blockchain is attractive to financial companies because they are hoping the new technology will reduce the costs and complexity with international payments and securities settlements, among other things.

Fintech 100

Fintech blockchain New York Risk Management 100

PYMNTS

OCTOBER 5, 2020

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

Payments 326

Payments Fraud Fintech Tools 326

PYMNTS

SEPTEMBER 6, 2018

The top of any FinTech’s to-do — and to-keep-doing — list. The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. Compliance and risk? Plugging In To Plugins.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

MAY 30, 2018

And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs. And increasingly, banks are starting to think of FinTechs not as the enemy, but as potential partners. Why FinTechs Need Banks.

Fintech 160

Fintech Regulation Compliance Innovation 160

PYMNTS

JULY 10, 2018

There is a wide recognition, though, that the European Union is aiming to bring to bear a draft law that in turn would accelerate FinTech efforts on the continent. The spur, of course, is Brexit , which has taken a dramatic turn as of this writing. The deal is slated to close in the final quarter of this year.

Fintech 101

Fintech Course cryptocurrency blockchain 101

CFPB Monitor

AUGUST 31, 2021

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). Information security program and information systems. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

PYMNTS

SEPTEMBER 17, 2018

The battle over FinTechs and national banking charters is about to get a bit more heated. The suit is one alleging that the OCC does not have the authority to provide such licenses under the FinTech charter that has been proposed. New York state is suing the United States.

Fintech 180

Fintech National Compliance Google 180

PYMNTS

JULY 19, 2018

It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. There’s the long-term lure, of course, of increased customer headcount and cross-pollination of new revenue streams. Done right, a FI/FinTech whole can be greater than the sum of its parts.

Fintech 107

Fintech Risk Management Big Data Management 107

PYMNTS

DECEMBER 24, 2020

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. It’s not about going to production.”.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

MARCH 30, 2017

Fueling the blockchain hype for FinTech and the financial services space is its promise of security. But like any new technology, it could always be made more secure — and regardless of its security, users won’t be entirely confident in the innovation until the tool becomes more widespread. That doesn’t exist yet.”.

blockchain 100

blockchain Security Technology Tools 100

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption.

Security 100

Security CA Payments Big Data 100

PYMNTS

DECEMBER 16, 2019

Financial institutions, of course, use data to create new products and services to cement customer loyalty. FinTechs can use data to leapfrog FIs in their own arms race to develop new offerings and gain mind share and wallet share. FinTechs need the data. Might the withholding of data be a strategic weapon? Banks hold the data.

social media 174

social media Data Fintech United States 174

Gonzobanker

SEPTEMBER 14, 2023

Just this week, Finovate host Greg Palmer surveyed the event’s audience on what the biggest challenges of digital transformation projects were for incumbents, according to Fintech Futures. Heck, Apple reported in August that it secured more than $10 billion in deposits with its savings product in partnership with Goldman Sachs.

How To 109

How To New Hampshire Oklahoma Fintech 109

PYMNTS

MARCH 26, 2018

In legislative news, a bipartisan bill is making its way through Congress that urges government agencies to look into using blockchain to help store and secure data. The regulatory landscape was global in scope this past week as lawmakers looked to take steps in creating a far-flung blueprint that would define a FinTech “sandbox.”.

blockchain 102

blockchain Fintech Colorado cryptocurrency 102

PYMNTS

DECEMBER 26, 2019

The heart of the embrace and appeal of open-source technology is the need for speed, and to evolve use cases for end users (consumers and enterprises) in a more robust and secure fashion. Security Concerns. In fact, financial services and FinTech are most at risk, Black Duck found.

Software 132

Software Payments ATM Course 132

PYMNTS

MAY 12, 2020

If the landscape of how we bank is changing – toward digital-first firms, of course – the question arises: Just what is a bank? Green Dot, of course, has billed itself as an integrated banking platform and has a bank charter in place (having bought Bonneville Bancorp. Securities and Exchange Commission, stood at $1.6

Course 136

Course Fintech Conference Security 136

PYMNTS

AUGUST 8, 2018

“Statistics indicate that consumers still trust their banks more than, for example, tech companies when it comes to their financial lives,” said Richard Bailey, SVP of engineering at Entersekt , a South Africa-based FinTech firm that focuses on mobile authentication and app security software. Of course, trust goes only so far.

Mobile 102

Mobile Fintech Community Bank Security 102

PYMNTS

OCTOBER 13, 2017

B2B FinTech saw one of its most stellar funding weeks in a while, led, of course, by the high-profile Bill.com investment. In all, the industry secured more than $324 million with B2B payments, logistics and artificial intelligence leading the way. B2B Payments. Artificial Intelligence. Consultancy firm Haribhakti & Co.

Fintech 118

Fintech Lending social media Management 118

PYMNTS

MAY 15, 2017

It would be fair to say that among the financial institutions we talk to, they all have some kind of FinTech partner program or digital innovation initiative. FI.SPAN allows banks to integrate open APIs from B2B banking and payment FinTechs. We don’t want to tell a financial institution what their roadmap is.

Fintech 150

Fintech System Payments Innovation 150

PYMNTS

JUNE 24, 2020

In an interview with Karen Webster, Entersekt CEO Schalk Nolte said that in a world forever transformed by the pandemic, digitally established global identities and trusted endpoints are critical means of achieving genuine account security. The fraudsters, of course, want to take the path of least resistance, just as they always have.

Fraud 262

Fraud Security Cards Course 262

PYMNTS

APRIL 30, 2018

trillion; on security-related hardware, software and services at 10 percent a year from a 2018 base of $91.4 Blockchain, of course, isn’t only to blame. They’re also using software and cryptographic techniques and permissioned-based networks to digitize and move assets around the world faster and in a secure, compliant manner.

Fintech 183

Fintech blockchain Lending Digital Banking 183