CFPB Monitor

AUGUST 1, 2022

The FHFA also issued a request for information (“RFI”) seeking public input on how to facilitate responsible innovation, identify barriers or challenges to implementing fintech into housing finance, support equity for homeowners and renters, and increase efficiency and effectiveness in the compliance and regulatory processes.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

Abrigo

FEBRUARY 8, 2022

Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. DOWNLOAD .

Compliance 195

Compliance Training Regulation Fraud 195

PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. When most people asked “what’s next?” Old Problems, New Paradigms .

Innovation 131

Innovation Payments Apple Mobile 131

Bank Innovation

SEPTEMBER 8, 2017

Chinese insurance company ZhongAn Online Property and Casualty Insurance, which boasts a customer base of 500 million people, has obtained approval to open an initial public offering (IPO) on the Hong Kong stock exchange. China’s first online-only insurance company hopes that the IPO will raise as much as $1.5 billion USD.

Company 231

Company Regulation Online social media 231

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators. About The Tracker .

Video 211

Video Report Meeting United States 211

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Marketplace lending. Marketplace Lending.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

MARCH 22, 2019

Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. Direct Lending Probe : An SEC investigation has prompted the founder and CEO Brendan Ross to resign. IPO could stand for … Investors Prefer to Own.

Bitcoin 123

Bitcoin social media Lending cryptocurrency 123

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Open APIs was the standout technology at the conference.

Innovation 171

Innovation Conference Fintech blockchain 171

PYMNTS

APRIL 27, 2018

Consider the fact that International Monetary Fund Chief Christine Lagarde said late last week that cryptocurrency assets do not pose an “immediate danger” to financial asset stability and asserted the need for an “even-handed” regulatory agenda that would allow for innovation in the space.

Bitcoin 124

Bitcoin cryptocurrency Resources Survey 124

Gonzobanker

FEBRUARY 1, 2023

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

Arizona 147

Arizona Kansas City Industry Phoenix 147

South State Correspondent

JULY 25, 2022

We have poured through the recent 2Q earnings releases, spoken with a rash of institutional bank investors, traded thoughts with analysts, and compiled the following list of concerns that bank stakeholders (employees, shareholders, vendors, and regulators) now have. Top Line Revenue & Lending.

Trends 195

Trends Lending Marketing Capital 195

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. She was a trailblazer and an early innovator in analytics.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

DECEMBER 14, 2023

Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square. The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations. The “What the Hell Are Bankers Doing?”

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

OCTOBER 4, 2019

As fraudsters become increasingly aggressive, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe. Businesses, banks and payment providers worldwide are innovating the way disbursements are sent and received to better serve the needs of this group of consumers.

Fraud 108

Fraud Google Apple Chicago 108

Independent Banker

NOVEMBER 25, 2015

It’s a worrisome and complicated dynamic that’s putting competitive pressure on community banks, but it’s also creating opportunities through data analytics, partnerships and the ability to innovate to meet evolving customer demands. “We See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

Community Bank 70

Community Bank Community Analytics Lending 70

BankUnderground

AUGUST 31, 2022

While regulators cannot be sure what risks the next decade will feature, they can be sure that the set of issues will continuously evolve. This created market dynamics significant enough to raise the cost of lending, and threatened to spill over to the wider economy and amplify the impact of the Covid shock.

Policies 85

Policies Marketing System Regulation 85

PYMNTS

FEBRUARY 28, 2018

Why should organizations say “yes” to purchase order matching and “no” to cryptocurrencies? By connecting to marketplaces via API, the startup is able to scan all listed products for anything that infringes on intellectual property rights or that could violate regional health regulations. Modo Payments. A digital U.S.

blockchain 100

blockchain System cryptocurrency Regional 100

Fintech Labs Insights

SEPTEMBER 21, 2020

Innovate Finance broadcast the finals of its Pitch360 competition over Zoom in July. Digital money solutions for both personal and commercial use, integrating traditional and cryptocurrencies to support multi-currency accounts, transfer and exchange services. Making it easier to comply with global regulations. Digital Assets.

Innovation 15

Innovation Fintech blockchain Capital 15

Bank Innovation

FEBRUARY 4, 2019

On Tuesday and Wednesday, about 3,000 entrepreneurs, investors, bankers, and regulators descended on the neo-classical Palais Brongniart, once home to the stock exchange. That was a big takeaway this week from the Paris Fintech Forum, one of the biggest annual gatherings of its kind in Europe. Last year, with Bitcoin […].

Fintech 150

Fintech Bitcoin Regulation cryptocurrency 150

CB Insights

MAY 8, 2018

While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. THE FUTURE OF BLOCKCHAIN TECH.

blockchain 75

blockchain Trends Technology cryptocurrency 75

PYMNTS

SEPTEMBER 9, 2016

Tyler and Cameron, who both studied economics at Harvard, are now CEO and president, respectively, of Gemini , a cryptocurrency exchange. Since falling in love with bitcoin, the Winklevoss brothers have invested in several cryptocurrency hardware and software firms to build their bitcoin exchange.

Bitcoin 100

Bitcoin cryptocurrency Security Taxes 100

Urs Bolt

OCTOBER 17, 2018

Fintech has advantages in facilitating operational efficiency, advancing customer experience and boosting products and services updating, and innovations, which are in line with the ultimate goal of traditional financial institutions, said Ao Yifan, a vice president of the Bank of Hangzhou. Cryptocurrencies. Regulation.

System 28

System Fintech blockchain Innovation 28

CB Insights

FEBRUARY 20, 2020

The selection was based on several factors, including company-submitted data, business model, tech innovation, marketplace momentum, team strength, and more. Cloud-based digital lending platform Roostify has been integrating with some of the largest mortgage lenders. Click to enlarge. .

Fintech 80

Fintech US Lending Cards 80

CB Insights

MARCH 8, 2018

The UK, in particular, has seen the most challenger bank activity compared to other regions, as a result of progressive regulations enacted to promote competition and break up the banking monopoly. How challenger banks leveraged regulation. How new regulations help challengers expand services. What we’re watching in 2018.

Retail 78

Retail Digital Banking Fintech Regulation 78

Lex Sokolin

JULY 1, 2019

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. how the interest is generated and whether this is regulated banking activity, we’ll leave for another time. Finance in motion— $1B moved for $0.02 We are here.

Bitcoin 40

Bitcoin System Software blockchain 40

Lex Sokolin

AUGUST 19, 2020

In a world where Facebook is creating a paytech unit focused on global commerce under David Marcus (former president at PayPal, head of Facebook Messenger for 4 years, and of course the face of Facebook’s cryptocurrency effort Libra) tells you enough about how much space will be left for B2C banking. lending is hard during a global pandemic!

Comparison 52

Comparison Fintech Lending Analysis 52

Lex Sokolin

JULY 22, 2019

By studying past human judgment in lending, literally teaching the machine through supervised learning on existing data sets, the software is replicating the “style” of a prior underwriter. Lending Club charge-offs below illustrate the point by analogy. That is, if it isn’t stomped into the ground by regulators first.

US 40

US social media blockchain Examples 40

Lex Sokolin

JULY 22, 2019

By studying past human judgment in lending, literally teaching the machine through supervised learning on existing data sets, the software is replicating the “style” of a prior underwriter. Lending Club charge-offs below illustrate the point by analogy. That is, if it isn’t stomped into the ground by regulators first.

US 40

US social media blockchain Examples 40

PYMNTS

NOVEMBER 29, 2017

When verifying client identity for know your customer (KYC) and anti-money laundering (AML) compliance, Jiko does not pull customer data and check it against regulators’ do-not-serve lists. We have a unique architecture that’s very private, that keeps the user at heart and is still compatible with the requirements of banking regulations.”.

Digital Banking 108

Digital Banking Trends Security Regulation 108

Abrigo

JULY 22, 2022

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. You might also like this whitepaper, "Understanding Cryptocurrency." Historical benefits of cryptocurrency. Cryptocurrency's appeal to consumers.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

PYMNTS

FEBRUARY 26, 2018

In fact, noted the publication, no major new financial regulations – the kind that would impose restrictions – have come to vote or even, really, been on the table since Trump took office last January. FinTech Innovation and Cooperation in the Cards? The two entities are cross-supporting efforts through LabCFTC and FCA Innovate.

Regulation 101

Regulation Bitcoin Innovation Fintech 101

CB Insights

FEBRUARY 8, 2018

But this very loud and public backlash against cryptocurrencies from banks begs the question: What do banks have to be afraid of? We’ll provide the definitions and analogies you need to know for bitcoin, blockchain, cryptocurrencies, and more. Other cryptocurrencies, like Bitcoin Cash, already have low-priced transactions.

blockchain 78

blockchain Bitcoin cryptocurrency Security 78

Fintech Labs Insights

AUGUST 14, 2015

It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 Source: NW Innovation. Tags: 500 Startups (accelerator), bitcoin, security, regulation.

New York City 12

New York City Company Fintech New York 12

CB Insights

AUGUST 25, 2017

Here are the latest innovative ways companies are harnessing the power of global blockchain. Digital currency startup Coinbase — which has served over nine million customers as a digital platform for buying and selling bitcoin, ether, and other cryptocurrencies — recently became the first cryptocurrency company in the Global Unicorn Club.

blockchain 78

blockchain Industry Bitcoin Security 78