PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. That comes as Open Banking bowed in Europe last month.

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Gonzobanker

NOVEMBER 22, 2022

Now is the time for bankers to engage lawmakers in how the crypto and digital asset market shapes up. 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.

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Bank Innovation

DECEMBER 7, 2017

cryptocurrency exchange bitFlyer wants to bridge the trading gap between two of the world’s largest bitcoin markets. Japan is the largest bitcoin trading market in the world, about 50% of it happens in there; the U.S. is the second biggest market,” Bartek Ringwelski, chief operating officer […].

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PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

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PYMNTS

JANUARY 16, 2020

s Financial Conduct Authority (FCA) took the reins on oversight of cryptocurrency asset oversight — specifically, oversight of anti-money laundering (AML) and counter terrorist financing (CTF) activities. The latest moves come after a ban on certain cryptocurrency related activities in July of last year. Earlier this month, the U.K.’s

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PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. ius noted, this is often because the heart of the cryptocurrency industry is often at odds with the nuances of regulation.

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PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. 11) that having a U.K. billion valuation. billion valuation.

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Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

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PYMNTS

FEBRUARY 9, 2018

The world’s first ICO regulations are coming, care of Gibraltar. The rapid global proliferation of initial coin offerings has become an issue of mounting concern among regulators and central banks around the world – in particular, the growth of ICOs has fueled massive growth in the cryptocurrency market in general.

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PYMNTS

OCTOBER 12, 2020

The FinTech, which claims London as home, is likely to apply for a charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within the next few weeks, people with inside information told CNBC. The nature of the market for FinTech startups breaking into the larger U.S.

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PYMNTS

OCTOBER 16, 2019

The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. The fact is that the financial system … is the most heavily regulated part of the economy. He said that regulation is an important aspect of the field. That’s not hubris,” he said.

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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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Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

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PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies.

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PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. Yao was the head of China’s central bank digital currency initiative. .

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PYMNTS

JULY 15, 2020

European FinTech Revolut, which recently debuted in the U.S. with an app and debit card, is expanding its range of services into the realm of cryptocurrency trading with a big assist from Paxos. We’re proud to offer financial market infrastructure that supports an open, digital financial future.”. Revolut made its U.S.

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PYMNTS

FEBRUARY 13, 2019

South Korean cryptocurrency exchange Bithumb announced the launch of its own fiat-to-crypto exchange in the United Arab Emirates (UAE) with UAE-based firm Nvelop. While European blockchain technology companies saw a record year in VC investment in 2018, new data shows that they still didn’t receive as much funding as FinTech companies.

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PYMNTS

SEPTEMBER 6, 2018

Take cryptocurrencies, for instance. For FinTech firms, doing the chasing all on their own is a losing proposition. SaaS, the distribution model where providers offer a central location for their customers, can offer FinTech firms a way out of inefficient processes, say some supporters. Plugging In To Plugins.

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PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. The proposed law would bypass the mixture of regulatory approaches FinTech firms currently have to deal with, as well as review how firms handle cybersecurity and cyber threats.

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PYMNTS

DECEMBER 20, 2018

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. Regulators have yet to develop policies over how digital tokens trading should work and who can engage in it, reported Reuters.

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PYMNTS

OCTOBER 21, 2020

PayPal has announced that it is jumping into the wild world of cryptocurrency , making it possible for wallet holders to buy, sell and hold cryptocurrencies like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. The Mainstream Move To Tame The Wild West.

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CB Insights

JUNE 29, 2020

Fintech funding stalled amid the Covid-19 pandemic as investors largely pulled back. Free Download: State of Fintech q1’20. Companies braced for the long-term impacts of Covid-19 as Q1’20 was one of the worst quarters in 2 years for VC-backed fintech. What does the fintech funding landscape look like at the moment?

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PYMNTS

MARCH 23, 2018

To take stock of the cryptocurrency market, take stock? News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. After a fashion.

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PYMNTS

OCTOBER 22, 2019

Carlos Costa, the head of the Bank of Portugal and member of the European Central Bank (ECB) board, said banks are going to have to be nimble and fast reacting if they want to stave off competition from FinTechs and digital banking apps. Big Tech encroaching into the financial world is a big concern.

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PYMNTS

MAY 6, 2020

Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. Cryptocurrency still isn’t recognized by the Central Bank of Ireland as a legitimate form of payment.

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PYMNTS

AUGUST 29, 2018

Swiss financial regulator FINMA is planning to soften anti-money laundering rules for smaller FinTech firms in an attempt to help the country become a tougher competitor in the money management sector. ” But advocates still say that in order to truly compete in the market, there needs to be more innovation in the country.

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PYMNTS

APRIL 22, 2019

The Chilean government has revealed that it is looking to implement tougher regulations on cryptocurrencies and FinTech. Regulation of these platforms would mitigate some of the risks, such as money laundering and terrorist financing, and increase the legal certainty with which they operate.

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FICO

DECEMBER 17, 2020

Cryptocurrency exchange rates have skyrocketed in the past month. According to a recent report , the total of cryptocurrency related frauds and thefts stands at a staggering $7.69b. At the same time, all top US banks now have customers transacting in cryptocurrency through virtual asset service providers (VASP’s).

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PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. FinTech Firms Eye Bank Charters. Against the challenges, many of these companies are indeed shifting resources to grapple with GDPR.

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The Financial Brand

SEPTEMBER 30, 2021

Signs point to stricter rules for how nonbanks can use banking terms in their apps and marketing, complicating banking-as-a-service deals. The post Will Regulators ‘De-Bank’ Challengers, Neos, Cryptos & Fintechs? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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PYMNTS

OCTOBER 22, 2020

In today’s top news, Grab celebrated solid recovery in its third quarter earnings report, and PayPal has introduced wallet services for cryptocurrencies. Investors Say FinTech Valuations Are High, But Not Overheated. And resale marketplace ThredUp filed for an IPO. Grab’s Earnings Bouncing Back To Pre-COVID Numbers.

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PYMNTS

SEPTEMBER 26, 2018

The initial coin offering (ICO) has emerged as a corporate financing trend just as volatile as many of the cryptocurrencies themselves. It marked the first drop in ICO funding in more than a year, according to Bloomberg reports, citing a correlation between ICO funding declines and drops in cryptocurrency values. ICO market.”

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PYMNTS

OCTOBER 11, 2018

CipherTrace Chief Executive Officer Dave Jevans told Reuters, “the regulators are still a couple of years behind because there are only a few countries that have really applied strong anti-money laundering [AML] laws. In a press release , however, the group said, “vigilant monitoring is needed in light of the speed of market developments.”.

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Bank Innovation

SEPTEMBER 19, 2017

Swiss financial regulator the Financial Market Supervisory Authority, or FINMA, has shut down the providers of a cryptocurrency known as “E-Coin,” which the regulator dubbed as “fake.” The currency was shut down as they did not have the proper bank license.

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PYMNTS

JULY 4, 2018

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). And, while London has served as Europe’s primary FinTech center, Brexit could change that: The U.K.’s s exit from the bloc next year.

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PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

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PYMNTS

MARCH 22, 2018

In an effort to lure more FinTechs its way, France is working on a regulatory framework that would enable startups to raise funding via cryptocurrencies. The idea is to make France a global hub for ICOs, Le Maire wrote in the letter, noting it would make the cryptocurrency market — and as a result, ICOs — more legitimate.

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