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Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

PYMNTS

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.

Data 173
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Wyoming creates fintech sandbox

CFPB Monitor

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). Arizona was the first state to create a fintech sandbox and we will soon be publishing a blog post about Utah’s new fintech sandbox.)

Wyoming 60
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Canadian Fintech Market Map

CB Insights

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18. The 2019 Canadian fintech market map. Capital markets.

Fintech 93
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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments. The Safeguards Rule requires financial institutions to have a comprehensive information security program.

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Uncovering The Value Proposition In FinTech Innovation

PYMNTS

Governments and banks have a lot to do with developing an ecosystem that supports adoption of payments technologies for both consumers and corporates, and DeLuca sees some stark differences between the U.K. is definitely a curiosity,” the executive said of digital payments tools gaining traction within the enterprise. “We

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Open banking APIs are open for business

Insights on Business

See how open banking APIs are transforming financial services (and businesses, too!). I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain.

Fintech 181
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Closing the gate: House adopts ENABLERS Act amendment to 2023 NDAA

CFPB Monitor

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. financial system adopt anti-money laundering procedures that can help detect and prevent the laundering of corrupt funds.”. The New Gatekeepers.