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. The Promise of FinTech.

Fintech 189

Fintech Financial Technology Technology Industry 189

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. Liu pointed out that the online database of the aforementioned state licensing and FinTech guidance will go live later in 2019.

Regulation 147

Regulation Fintech Community Bank Community 147

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? As for inroads into overall credit as a whole, the BIS noted that FinTech accounted for 13 percent of volume in China, and stood at 15 percent of lending to consumers and small and mid-sized enterprises (SMEs) in the United Kingdom.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

OCTOBER 18, 2017

Innovation is oxygen in payments. For financial services firms, innovation is spurring speed, killing friction and fostering loyalty among customers. That, itself, begs the question: What is innovation, really? explained there is wide variation in the definition of innovation.

Innovation 140

Innovation Compliance Community Bank Strategy 140

PYMNTS

SEPTEMBER 11, 2018

In FinTech and FI collaborations , borders fall to bits and bytes. On FinTech collaboration writ large, Singapore and Dubai are working together to encourage strides in digital payments and commerce done by mobile means. The goal is to deliver financial services through emerging technology, said the entities. APIs: Making Inroads.

Fintech 161

Fintech Big Data Tools Management 161

Bank Innovation

APRIL 16, 2020

By definition, big accounts have large balances, which in turn yield rich fees. But fintechs have a different […]. In the race for wealth assets, current bank wealth group behavior suggests that large accounts matter, while small accounts aren’t worth the effort to cultivate. On the surface, this makes sense.

Groups 259

Groups Fintech 259

PYMNTS

DECEMBER 27, 2018

It may be conventional wisdom to assume that banks and FinTech firms are on opposite ends of the financial services spectrum, where large, asset-rich, traditional financial institutions (FIs) stand in stark contrast to small, bootstrapped tech upstarts, competing for clients’ attention and spend. The Strategy of Process.

Fintech 184

Fintech How To Regulation Payments 184

PYMNTS

AUGUST 7, 2020

PYMNTS spoke with Dewan about the changing nature of corporate and consumer payments as well as how the emerging FinTech scene has influenced this field and how the ongoing pandemic has placed even more stress on banks to meet these expectations. Growing numbers of FinTechs are also forcing banks to innovate or be left behind.

Payments 301

Payments Fintech Innovation US 301

PYMNTS

FEBRUARY 29, 2016

Just because businesses are interested and willing to adopt payments innovations doesn’t mean it’s going to happen. is definitely a curiosity,” the executive said of digital payments tools gaining traction within the enterprise. “We They really hadn’t been very innovative around that franchise for a long time.”.

Innovation 100

Innovation Fintech Tools Technology 100

PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. The traditional three-day Bacs will no doubt change over the coming years, with same-day payments becoming the norm, I hope.”

Innovation 186

Innovation Data Payments Groups 186

Bobsguide

SEPTEMBER 22, 2020

By definition, corporate process optimisation propelled by digital transformation is a continuous effort. Technology innovation, pressure to stay ahead of the competition, and evolving customer needs demand enterprise act. Despite potential internal resistance, doubts and concerns about taking the.

Software 88

Software Fintech Innovation Technology 88

CFPB Monitor

FEBRUARY 20, 2019

The Conference of State Bank Supervisors (CSBS) announced last week that it has agreed to implement 14 recommendations made by its Fintech Industry Advisory Panel (Advisory Panel). It has 33 fintech company members that engage with the CSBS Emerging Payments and Innovation Task Force and other state regulators.

Fintech 68

Fintech Conference Survey Regulation 68

PYMNTS

SEPTEMBER 22, 2016

The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. doesn’t lose potential FinTech business opportunities to the U.K., doesn’t lose potential FinTech business opportunities to the U.K., The goal is to keep FinTech companies and innovation stateside. To make sure the U.S.

Regulation 100

Regulation Fintech Innovation Bitcoin 100

Bank Innovation

JULY 14, 2017

Compliance, insurance, and workflow solutions: these are the most interesting areas for a seed-stage fintech investor right now. Chris Fortunato, principal at KEC Ventures, named compliance and insurance as two of his biggest current focuses during Bank Innovation’s “For the Love of Fintech” meetup yesterday.

Compliance 223

Compliance Fintech Capital Online 223

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

MARCH 28, 2019

As outlined in the new Credit Union Innovation Playbook , a collaboration between PYMNTS and PSCU , trust is essential for CUs’ success. As outlined in the Playbook, data security and anti-fraud initiatives are top innovation priorities for members and CU executives. In fact, 81.3 For example, 49.1 In fact, 33.3

Fraud 139

Fraud Innovation Fintech Security 139

CFPB Monitor

JUNE 5, 2019

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

Wyoming Fintech Arizona Financial Technology 60

Chris Skinner

JULY 6, 2017

This year a gathering of 6,000 odd people – and I mean ODD – assembled in Copenhagen to talk all things FinTech and stuff. Michael Harte, Global Head of Innovation for Barclays Bank summed it up well: “Can big banks get smarter or smart banks get bigger. Last week was Money 2020 Europe week. Damn right sir. Interesting times.

Fintech 299

Fintech System Google blockchain 299

Bank Innovation

OCTOBER 31, 2017

EXLUSIVE – Payment protection company Earny will soon add Visa to its list of partners in the next two to four weeks, Bank Innovation has learned. Discover will also be added to its list of partners; however, no definite timeline could be provided at the time.

Company 170

Company Payments California Innovation 170

PYMNTS

APRIL 7, 2020

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. These are products that many of our leading fintech clients are asking for. The online personal finance firm will pay total purchase consideration of $1.2 I think it’s very powerful.”.

Financial Technology 151

Financial Technology Technology Innovation Fintech 151

Bank Innovation

MAY 24, 2017

Insurance has definitely been in the fintech spotlight, with startups like Lemonade and Ladder striving to make a traditionally painful experience as seamless as possible.

blockchain 231

blockchain Fintech Industry Technology 231

PYMNTS

FEBRUARY 8, 2018

But China is also pressing for payments innovation, SWIFT noted, as industry players like Alibaba promote digital payments and more China-based financial institutions (FIs) join SWIFT’s global payment innovation (gpi) initiative. RMB usage made up 1.61 Today China’s payments landscape is a very dynamic one,” he said.

Innovation 111

Innovation Payments blockchain Analysis 111

Insights on Business

FEBRUARY 19, 2016

This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms. What can banks learn from the FinTechs? What should be their strategy for Digital Banking transformation?

Fintech 132

Fintech Video Lending Industry 132

Bank Innovation

AUGUST 30, 2016

#BigData is not a phenomenon unique to fintech: basically every consumer-focused service with the money to do so has been utilizing it since the term was first coined in the late 90s; or even before that point, really, as using data to make decisions is the literal definition of deductive Read More.

Fintech 210

Fintech Data Big Data Online 210

PYMNTS

OCTOBER 19, 2020

The shift away from legacy payments processes was well underway before the pandemic, but COVID-19 is creating fresh urgency to move to cloud-based digitized systems, David Disque , president at CSI (Corporate Spending Innovations) told Karen Webster in a recent conversation. infrastructure remains very decentralized. The Best Mix .

Payments 276

Payments Fintech System Cards 276

PYMNTS

JUNE 28, 2020

BNP Paribas has been one of the pilot banks involved in the SWIFT g4C working group, and it contributed to the definition of the standards for the project, according to the release. Inbound tracking will be available on both g4C and Connexis Cash, the release states.

Payments 192

Payments Charlotte Cards Fraud 192

PYMNTS

AUGUST 3, 2020

The panel — Ondot CEO Vaduvur “VB” Bharghavan ; Doug Brown , senior vice president and general manager of digital banking at NCR ; PSCU CEO Chuck Fagan ; and Scott Zimmer , executive vice president, innovation and experience design officer and head of venture investing at Truist — said that’s hard to answer.

Apple 269

Apple Mobile Innovation Fintech 269

PYMNTS

MARCH 19, 2019

While China’s central bank did not respond to Guo’s comments, it announced earlier this month that it is planning to develop a system of rules to regulate FinTech in the country. “We The situation of the industry shows that the one-size-fits-all rule will definitely curb innovative businesses.”.

Regulation 138

Regulation Regional Lending Compliance 138

Insights on Business

FEBRUARY 19, 2016

This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms. What can banks learn from the FinTechs? What should be their strategy for Digital Banking transformation?

Fintech 93

Fintech Video Lending Industry 93

Insights on Business

FEBRUARY 19, 2016

What should be their strategy for Digital Banking transformation and what they can learn from FinTech innovation? This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms.

Fintech 70

Fintech Innovation Lending Video 70

Insights on Business

DECEMBER 12, 2018

Defining GRC In our close engagement with clients and industry leaders, the IBM GRC team has seen the continuing evolution of the definition of GRC, which many analysts have noted for some time. Innovating in the open. GRC Coming of Age in 2018. Improve performance using a risk lens to enrich decision-making.

Innovation 111

Innovation Compliance User Experience Regulation 111

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

Insights on Business

FEBRUARY 19, 2016

This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms. What can banks learn from the FinTechs? What should be their strategy for Digital Banking transformation?

Fintech 70

Fintech Video Lending Industry 70

SWBC's LenderHub

SEPTEMBER 10, 2015

It’s not often that you hear about a credit union doing something technologically innovative on the national news—if ever. But, how often do you hear about a technology firm offering innovative financial services? If you answered, “about five minutes ago,” you’ve definitely been paying attention.

Fintech 60

Fintech National Innovation Technology 60

CFPB Monitor

FEBRUARY 2, 2021

Since the California Consumer Financial Protection Law (CCFPL) became effective on January 1, the state’s Department of Financial Protection and Innovation (DFPI) has wasted no time in asserting its expanded jurisdiction over consumer financial services providers. (The

CA 60

CA Company Innovation Regulation 60

FICO

MAY 7, 2018

I recently had the opportunity to attend LendIt Fintech USA , a leading event discussing financial services innovation. Some of the top thought leaders in banking, finance, artificial intelligence, machine learning, and credit risk came together in San Francisco to discuss the key trends and innovations in our industry.

Innovation 77

Innovation San Francisco Data System 77