PYMNTS
FEBRUARY 21, 2019
Such is the case in financial services, where “ FinTech ” is often used to describe financial technology vendors. “A A firm that offers financial technology is not necessarily a FinTech,” said Provenir Managing Director Paul Thomas, who thinks the distinction between the two needs to be clearer.
CB Insights
NOVEMBER 21, 2019
Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. The 2019 Canadian fintech market map. Startups headquartered in Ontario dominate the table, with over 40 fintech companies from this market map headquartered in the Greater Toronto Area.
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PYMNTS
MARCH 2, 2020
In other news, cash recyclers are nowhere near as sexy as ITMs, but they do enable ATMs to require less frequent cash fill-ups, and that’s digital-first thinking, even if it’s not the pure-play definition of digital-first banking. In the U.K., The report says Chinese FIs are expected to spend “… up to 220 billion yuan ($31.6
PYMNTS
JULY 26, 2020
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.
PYMNTS
JULY 15, 2020
In April, SoFi said it had come to a definitive arrangement to purchase Galileo Financial Technologies. They can also get in-network automated teller machine (ATM) reimbursement at more than 55,000 U.S. The virtual card will instantaneously show up in Samsung Pay at the time of approval.
CFPB Monitor
DECEMBER 22, 2020
Accordingly, the definition of a “brokered deposit” turns on the definition of a “deposit broker.”. Section 29 contains nine exceptions to the definition of “deposit broker” and a tenth was added by FDIC regulation. Key items in the final rule include: “Deposit broker” definition.
PYMNTS
MARCH 8, 2020
Financial technology provider WEX , in one case, said it now foresees first-quarter 2020 revenue to be roughly 2 percent to 3 percent under the revenue guidance provided in the past on Feb. Campbell’s CEO Mark Clouse noted on CNBC that the bump-up in purchasing is still too early to be called a trend definitively.
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