PYMNTS

MARCH 5, 2019

While small business lending has become a platform for some high-profile FinServ scandals in several markets, opponents of expanding borrower protection legislation to small businesses have argued that such regulations would actually hamper financial institutions’ ability to expand credit access for the small business community.

California 153

California Fintech Lending Regulation 153

BankBazaar

MAY 7, 2024

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.

Branding 78

Branding Cards Fintech Leadership 78

PYMNTS

JANUARY 8, 2021

The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on Friday (Jan. The plan to revise cyberspace regulations comes at a time when China is stepping up the scrutiny of tech giants.

Online 171

Online Regulation Maine National 171

Payments Source

JUNE 28, 2019

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

Regulation 82

Regulation Meeting Digital Banking Fraud 82

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. APIs: Making Inroads.

Fintech 161

Fintech Big Data Tools Management 161

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct. About The Tracker.

Regulation 100

Regulation Cards Digital Banking social media 100

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 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. Staying Updated.

Fintech 141

Fintech Risk Management Compliance Management 141

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

MARCH 19, 2019

In addition, Guo noted that many of the businesses that started as part of Dianrong’s expansion have now become “heavy burdens with unbearable high costs” due to the regulations. We hope regulators can give the industry a clear and definite timetable, and give guidance and a ray of hope for companies that stick to compliance,” Guo said.

Regulation 138

Regulation Regional Lending Compliance 138

PYMNTS

JANUARY 24, 2019

The Institute for FinTech Research at Beijing’s Tsinghua University (THUIFR) has unveiled a blockchain scholarship program with Ripple ’s help, Cointelegraph reported. Through the program, graduate students are said to focus on the study of blockchain development and regulations. A Ripple representative tweeted on Tuesday (Jan.

blockchain 129

blockchain Bitcoin Pennsylvania Guidelines 129

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

PYMNTS

OCTOBER 23, 2018

Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship has taken center stage.

Data 177

Data System Regulation Security 177

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

PYMNTS

JANUARY 7, 2020

As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing. The new ban states virtual asset services include the exchange or transfer of virtual assets, or the exchange between virtual assets and fiat currencies.

cryptocurrency 132

cryptocurrency Bitcoin blockchain Course 132

PYMNTS

FEBRUARY 12, 2019

26 percent: The number of regulatory bodies that the Financial Stability Board estimates have clear definitions of FinTech lending in place. . $2,225: The amount bridge millennials spend, on average, on annual retail purchases. 90 percent: The share of retail sales that the Census estimates happen at the physical store.

Millennials 154

Millennials Payments Retail Lending 154

PYMNTS

NOVEMBER 1, 2017

A small business (SMB) in Massachusetts borrowing funds via marketplace lender Kabbage has sued the platform, igniting new debate in the conversation over the definition of a “true lender,” according to reports in the National Law Review on Tuesday (Oct. Usury laws regulate how much interest can be charged on a loan.

Massachusetts 128

Massachusetts Utah National Regulation 128

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. Complaints are up 50 percent compared to the same time last year, March to June 2019.

Data 173

Data Google Fintech Groups 173

PYMNTS

DECEMBER 12, 2018

Bitwala has rolled out digital currency banking services in Germany through a partnership with a regulated FinTech firm that has a banking license, CoinDesk reported. Google Trends found that the top search definition in both the United States and the United Kingdom, according to a Bloomberg report, was “what is bitcoin?”

Bitcoin 139

Bitcoin Google United States Analysis 139

PYMNTS

AUGUST 14, 2019

This challenge has led to an influx of challenger banks and FinTechs specifically targeting startups, solopreneurs and small- and medium-sized businesses. To make matters even more confusing, the definition of a small business is often ambiguous both to regulators and to banks.

Lending 122

Lending Cards FDIC Capital 122

CFPB Monitor

AUGUST 21, 2018

The Treasury suggests that federal banking regulators take action to resolve this ambiguity. The report assumes that “data aggregators and consumer fintech application providers are subject to the Gramm-Leach-Bliley Act (GLBA)” and that “the Safeguards Rule appropriately addresses” data security concerns with data aggregation activities.

Data 84

Data Report Regulation Security 84

PYMNTS

SEPTEMBER 28, 2020

This can come with a whole host of other problems, although some regulators have taken steps to broaden the scope of borrower protections to include SMBs. As a result, he said, businesses will increasingly turn to FinTechs that can offer more creative, flexible solutions to their cash flow and debt challenges. It's a juggling act.".

social media 215

social media Capital Fintech Operations 215

CFPB Monitor

MAY 4, 2022

This language was likely drafted with Connecticut’s fintech and payment processing industries in mind. The CTDPA does exclude photos from the definition of biometrics but limits the exclusion to instances where the controller does not use attributes of photos to identify individuals. Conclusion.

Connecticut 148

Connecticut Utah Colorado California 148

PYMNTS

JANUARY 25, 2021

Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. It is definitely getting very cluttered. and Europe. And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark.

Online 300

Online Meeting Payments Cards 300

PYMNTS

FEBRUARY 21, 2018

The latest news from the country comes from its government: Chief FinTech Officer of the Monetary Authority of Singapore, Sopnendu Mohanty, said the central bank is about two years out from being able to assess the impact of its current blockchain project, Ubin.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

CFPB Monitor

MARCH 8, 2019

The proposed amendments to the Safeguards Rule will better align the rule with prevailing cyber security standards, such as the NY DFS cybersecurity regulations and the NIST framework.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

PYMNTS

OCTOBER 7, 2016

His definition of RegTech is automating highly manual processes or high-cost centers to achieve a new level of scale, but this definition can mean different things depending on the business itself. Big banks are realizing that, in order to be competitive with the new crowd of FinTech players, automation is necessary.

Compliance 197

Compliance System Industry Regulation 197

PYMNTS

MARCH 4, 2020

FinTech firms like Bottomline have invested in user experience (UX), user interface (UI), usability and, of course, data management. There is added pressure on banks to embrace advanced technology, observed DeLuca, in a competitive landscape that is increasingly populated by FinTechs — although the dynamic is changing there, too.

User Experience 203

User Experience Data Fintech System 203

PYMNTS

APRIL 26, 2018

A month away, and the General Data Protection Regulation (GDPR) looms large. Yet, he added, discussions with IdentityMind’s own client base lean toward the smaller FinTech-based companies, where there has been less awareness and less reaching out for assistance for gearing up for GDPR than he might have expected. When it comes to U.S.

Regulation 128

Regulation Data Compliance Examples 128

PYMNTS

DECEMBER 6, 2017

Collaboration between FinTechs and banks. We are definitely seeing more innovation in the cross-border B2B space in the last two years than we have ever before,” he recently told PYMNTS. “We That’s where FinTech comes in. You will see a lot of complex products that will be offered by these challenger FinTechs,” he said.

Payments 183

Payments blockchain Innovation Fintech 183

CFPB Monitor

FEBRUARY 2, 2021

The DFPI indicated in its announcement that it believes the MOUs “to be the first agreements of their kind between the fintechs and a state regulator.”. The CCFPL authorizes the DFPI to prescribe regulations requiring any covered person to register with the DFPI.

CA 60

CA Company Innovation Regulation 60

PYMNTS

JULY 8, 2019

Financial services is often a learning process for FinTech operators who may come in with a lot more inspiration than knowledge, Meier noted. That means FinTechs need systems that are primed to continuously scan their customer lists against those watchlists, and ensure that any new hits are investigated. Coming in the Door Prepared.

Compliance 202

Compliance Data System Fintech 202

PYMNTS

OCTOBER 9, 2018

Discussions and debates around alternative finance transparency have amplified in recent months, particularly as regulators begin to consider how to protect small business borrowers. The company eventually changed those terms to satisfy officials. The company eventually changed those terms to satisfy officials. In the U.S.,

National 167

National Regulation Capital Industry 167

PYMNTS

JULY 25, 2019

Challengers see fraud protection as especially important, particularly as they attempt to ween customers away from legacy FIs and their own nimbler FinTech competitors. is definitely helpful in terms of information sharing and in discovering things as quickly and as in-real-time as possible.”. N26 officially entered the U.S.

Fraud 164

Fraud Marketing US Resources 164

PYMNTS

JANUARY 3, 2020

FinTechs led this charge and fueled much of the innovation. It’s been definitively shown that businesses and individuals will pay reasonable fees or percentages to receive their funds instantly. And as consumers continue to warmly embrace instant money, old definitions and practices are becoming obsolete almost overnight.

Payments 151

Payments Fraud Fintech Security 151

PYMNTS

OCTOBER 16, 2017

view and from a global view, the banks are going to come back in full-force, including Barclays and others, and then, on top of that, you’re going to have definite presence of Amazon players,” she said. But, amid this shakeup, there are uncertainties — including how regulators will respond, Mills added. “I

Google 100

Google Lending Conference Industry 100