article thumbnail

Top 5 Emerging Fintech Hubs in The U.S.

Bank Innovation

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.

article thumbnail

Open Banking Meets Instant Payments At The Online Checkout

PYMNTS

It is definitely getting very cluttered. Building on top of the open banking infrastructure, PayDirect is a new payment method that enables companies to take online payments in a highly secure way, and also pay out to customers through the same rails. I mean, how does a piece of plastic have anything to do with online?

Online 300
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why London’s Calling For The FinTech Industry

PYMNTS

Head Keith Grose and Innovate Finance CEO Charlotte Crosswell told Karen Webster as part of a recent PYMNTS TV session on London’s FinTech environment, in partnership with London & Partners, the official international trade, investment and promotion agency for London. It was an obvious choice for [Plaid] to be in, honestly,” Grose said.

Fintech 258
article thumbnail

China’s Cyberspace Watchdog Mulls Stricter Online Oversight 

PYMNTS

The regulator enforces China’s digital censorship rules, but specific definitions weren’t developed when the agency was created in 2000. FinTech leaders in China started scrambling for capital in November 2020 when regulators first started cracking down on financial services and payments firms.

Online 171
article thumbnail

FinTechs Press States To Streamline Regulations

PYMNTS

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.

article thumbnail

BIS Sees Boons, Risks As FinTech Credit Gains Traction

PYMNTS

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
article thumbnail

Press Release: BankBazaar Marks Third Year of Growth; Hits Rs. 215 Crore Revenue

BankBazaar

BankBazaar.com, India’s leading fintech co-branded Credit Card platform and online platform for free Credit Score, marks its third consecutive year of fast and sustainable growth, with an unaudited operating revenue of Rs.215 The collaboration between FinTechs and banks is pivotal in shaping the future of financial services.