PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. Three unnamed sources told Reuters that Chinese officials are opening up its large-value payment system to operate 21 hours a day, with the ability to process payments overnight.

Innovation 111

Innovation Payments blockchain Analysis 111

PYMNTS

AUGUST 7, 2020

Growing numbers of FinTechs are also forcing banks to innovate or be left behind. They are definitely more agile. They’re definitely faster. And they have fewer rules and regulations to comply with, which keeps us on our toes.”. So, there’s definitely an opportunity and a threat at the same time.”.

Payments 301

Payments Fintech Innovation US 301

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing.

cryptocurrency 132

cryptocurrency Bitcoin blockchain Course 132

PYMNTS

SEPTEMBER 25, 2018

The report noted that there is no internationally agreed-upon definition of what that activity might be, but for the confines of the report, it includes “all credit activity facilitated by electronic [online] platforms that are not operated by commercial banks.” China was the largest market, yet volume has declined in recent periods.

Fintech 172

Fintech Lending United States Regulation 172

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

PYMNTS

MAY 7, 2020

Kindred Group operates the online casino and sportsbook service Unibet. Kindred Group, which also supports gambling platforms in Europe and Australia, has been operating its Unibet brand in New Jersey and Pennsylvania for about a year. This definitely would be extremely good and also extremely safe for U.S. in the next year.

Online 142

Online New Jersey Pennsylvania Regulation 142

CFPB Monitor

FEBRUARY 20, 2019

The Advisory Panel was formed in 2017 to identify actionable steps for improving state licensing, regulation, and non-depository supervision and for supporting innovation in financial services. 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

JUNE 23, 2016

Consumer-facing drones definitely had their moment in 2015 with a crush of them appearing in the sky flowing by hobbyists’ hands. However, commercial operators have largely been stymied by the lack of regulations governing who can and can’t fly – and what they can and can’t deliver by drones as well.

Regulation 102

Regulation Operations Policies Innovation 102

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

PYMNTS

SEPTEMBER 29, 2017

As banks look to pair with FinTechs to meet the treasury needs of their corporate customers, they’re also looking towards such innovators to integrate some of those same solutions in-house. Managing liquidity and credit risk are definitely of main concern to FIs. Staying Updated.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

SEPTEMBER 20, 2018

Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies. It’s another example of trucking and logistics regulation affecting accounts receivable and payable operations in the sector. “There’s definitely a market out there.

Industry 158

Industry Tools Regulation Management 158

PYMNTS

SEPTEMBER 20, 2018

Adobe announced it has entered into a definitive agreement to acquire software company Marketo for $4.75 Marketo delivers the leading B2B marketing engagement platform for the modern marketer, and there is no better home for Marketo to continue to rapidly innovate than Adobe.”. Until then, each company will operate independently.

CA 143

CA Customer Experience Leadership Software 143

PYMNTS

JULY 27, 2020

That a market is massive and emerging as a target for digitization, does not necessary mean it will be an easy target to pursue — a lesson learned the hard way by Facebook in June when regulators hit the pause button on its adding payment capabilities to WhatsApp in Brazil. This is definitely happening.

Mobile 153

Mobile America Regulation Regional 153

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Financial regulators may want to begin looking at not only regulating blockchain, but how blockchain can help in their own regulatory efforts — in this case, to ensure proper safeguards and controls in the banking sector.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

MAY 6, 2019

Some things are easy to identify as more or less mature at the moment, though, and there are definitely phases in development that can be identified. Yet, healthcare is also an intensely regulated space, which means there are many challenges in how to move, store and secure data that — by statute — must remain private.

Regulation 198

Regulation Data Examples New York 198

CFPB Monitor

FEBRUARY 22, 2016

The CFPB has issued a final policy statement on issuing “no-action” letters (NAL) for innovative financial products or services. The policy is part of “Project Catalyst,” the CFPB’s initiative launched in November 2012 for facilitating innovation in consumer-friendly financial products and services.

Policies 60

Policies Innovation Regulation Resources 60

CFPB Monitor

NOVEMBER 11, 2019

On November 7, 2019, the George Mason University Antonin Scalia Law School hosted an event with Brian Johnson, the CFPB’s Deputy Director, to discuss the agency, its rulemaking process, innovation programs, and goals for the near future.

Meeting 60

Meeting Analysis Innovation Leadership 60

PYMNTS

JULY 18, 2018

Tongue in cheek as that sentiment may be, the EU fine levied over Android and dominance of that operating system has been a long time coming for Google. And now there’s a definitive amount, and it’s nothing to sneeze at: $5 billion (or about 4.3 The fine, finally. billion euros). The EU’s Orders.

Google 101

Google System Operations Mobile 101

PYMNTS

AUGUST 24, 2019

According to Zach Hensley, vice president of operations and guest experiences for the Seahawks and CenturyLink Field, these services are changing how fans experience live games and boosting their overall enjoyment. These teams are looking to mobile apps to innovate payments in a way that will revitalize purchases and the game experience.

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

JULY 25, 2019

There’s definitely a benefit to having a global setup when it comes to fraud, because some of these fraud schemes are very elaborate, but… they [also] happen everywhere around the globe,” Kopp said in a recent interview with PYMNTS. operations. CEO for German-native, fully digital, mobile-first challenger bank N26.

Fraud 164

Fraud Marketing US Resources 164

PYMNTS

APRIL 25, 2019

This is especially true in areas like the European Union, where the General Data Protection Regulation ( GDPR ) is changing how customers and corporates approach data sharing. This is an area that will definitely change in the coming years as people become more confident paying for big-ticket items through mobile wallets.”.

Security 100

Security Data Regulation Mobile 100

PYMNTS

JANUARY 22, 2018

” Perhaps one of the biggest challenges for this space is that the exact definition of the middle market isn’t exactly clear. There are others who will state that the definition of mid-market can hinge on the segment of business that is being discussed.” “We are more than welcoming them.”

Management 116

Management Compliance Taxes Marketing 116

Insights on Business

JUNE 28, 2018

Banks operating on legacy architecture will find it increasingly difficult to compete in an API-driven business environment, says Hans Tesselaar, executive director at BIAN. The key difference with these topics, which both play into the open banking agenda, is that they enable banks to innovate with the systems they already have in place.

System 130

System Innovation Industry Technology 130

Insights on Business

JANUARY 3, 2019

Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. Regulatory compliance : Given these challenges, regulators from around the globe continue to act by issuing and amending guidelines on the usage of cloud and how to prevent and respond to cyber threats.

Risk Management 128

Risk Management Management Regulation Guidelines 128

BankUnderground

AUGUST 31, 2022

While regulators cannot be sure what risks the next decade will feature, they can be sure that the set of issues will continuously evolve. In designing such frameworks, regulators must continue to adapt to tackle challenges, including resolving limited data availability to better monitor risks and identify systemic interconnections.

Policies 82

Policies Marketing System Regulation 82

PYMNTS

OCTOBER 19, 2017

Many credit unions operate as member-owned organizations with a not-for-profit business model and are thus able to offer more personalized services than traditional banks. This means KTFCU has occasionally been forced to turn an interested customer away because of the definitions outlined in the credit union’s charter.

Innovation 108

Innovation Tennessee Resources Regulation 108

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. Between operational savings and new fees on crowd-pleasing new services like instant, the path to instant profitability starts to emerge.

Payments 151

Payments Fraud Fintech Security 151

PYMNTS

APRIL 3, 2018

The Fiserv entry to the Alexa competition this time around, said Abele, operates in a visual capacity, with audio and video capacity. The firms oriented toward innovation are not necessarily the biggest ones. When it comes to a technology like this, you can definitely get some traction being early to market [or] first to market.

Video 100

Video Millennials Innovation Marketing 100

CFPB Monitor

JUNE 11, 2019

Regulatory sandboxes are laboratories for the development of innovative technologies in an environment that is free from onerous government restrictions. Notably, Utah’s definition expressly includes blockchain technology. The sponsor of Utah’s legislation, Rep.

Utah 60

Utah Arizona Regulation Innovation 60

PYMNTS

FEBRUARY 28, 2020

PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared to 45 percent of non-CU members who said the same. The regulation applies to businesses, which it defines as any organization operating for profit.

Data 131

Data California Security Pennsylvania 131

PYMNTS

MAY 6, 2019

Some things are easy to identify as more or less mature at the moment, though, and there are definitely phases in development that can be identified. Yet, healthcare is also an intensely regulated space, which means there are many challenges in how to move, store and secure data that — by statute — must remain private.

Regulation 100

Regulation Data Examples New York 100

NCR

DECEMBER 12, 2017

The General Data Protection Regulation (GDPR) was developed with the intention of strengthening and unifying data protection for all people within the EU. Three industry executives discussed this subject during a recent Marketforce webinar exploring the ‘regulation revolution’ in financial services.

Data 56

Data Regulation Compliance Management 56

PYMNTS

NOVEMBER 1, 2019

The experience was unpleasant and frightening at times, but is served as a wake-up call to the federal government — and its capacity to be innovative in providing services to a world increasingly reliant on digital. As an innovator working for the federal government, Executive Director of the U.S. healthcare.

Payments 105

Payments System Innovation Data 105

PYMNTS

MARCH 28, 2019

Expect to see more such efforts as cities become smarter (a definition that can vary from location to location, but generally means using data, digital payments, sensors and other tools to bring new efficiencies to daily life). And when it comes to data, there is much more involved than just collecting it.

Payments 195

Payments Alabama Data Analysis 195

PYMNTS

JUNE 29, 2017

“The most notable trend for Anovia is the definition of the ISO,” Jones said. Our market environment has become so much more complex because of the evolution of technology, regulation and data security. Because of this, the operational infrastructure needed to enter the game has pushed out many players.

Payments 143

Payments Retail Branding User Experience 143

NCR

APRIL 24, 2017

The Canadian provider focuses on delivering the front-end technology and services required to achieve the customer experience it is looking for, leaving traditional bank functions such as card issuing and money holding to Canada’s OSFI-regulated Peoples Trust. million (US$970,000) in transactions.

Retail 75

Retail Customer Experience CA Innovation 75