PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. The creation of open banking initiatives in the E.U.

America 165

America Regulation Regional Tools 165

PYMNTS

FEBRUARY 21, 2018

In the February edition of the Digital Banking Tracker , a Feedzai Collaboration, PYMNTS explores the latest developments surrounding AI and machine learning in the financial services space. Around the Digital Banking world. Can AI help consumers become smarter spenders? Several industry players seem to think so.

Digital Banking 163

Digital Banking Fintech Software Operations 163

PYMNTS

OCTOBER 21, 2020

In an interview with Karen Webster, the European Banking Federation’s ( EBF ) Alexandra Maniati , Director of Cybersecurity & Innovation, said the European banking industry is, increasingly, embracing the cloud to pivot to new financial services and products across the Continent.

Data 317

Data Regulation National Examples 317

PYMNTS

DECEMBER 9, 2020

All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena. These aren't small companies or digital innovators,” he noted. Banks Let Themselves Get Left Behind. And from that trust comes a powerful position in the market.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

MAY 18, 2018

million in the largest investment round ever for a FinTech that operates exclusively in the continent. Small Business Banking. With operations across Africa, Cellulant offers a digital accounts receivable solution with integrated payment reminder, collection, settlement and reconciliation capabilities.

Fintech 134

Fintech blockchain Analytics Capital 134

PYMNTS

JANUARY 11, 2021

Revolut, the British challenger bank, has sent in a banking license application to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). customers expect from their everyday primary bank account.”. The Reserve Bank of New Zealand disclosed on Sunday (Jan.

ATM 145

ATM Capital Digital Banking National 145

PYMNTS

NOVEMBER 10, 2020

Traditional financial institutions (FIs) may offer only money transfers made via expensive correspondent banking networks, and some customers may require assistance from several financial services providers to meet their needs. Legacy banks often send remittances over correspondent banking networks, which can drive up costs.

Report 216

Report Fintech United States Meeting 216

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. he remarked. “I

Regulation 160

Regulation Policies Data Compliance 160

The Financial Brand

JUNE 2, 2021

Acting chief at the national banking regulator wants to end fragmented views on financial innovation and has made CRA reform a top priority. The post New OCC Chief Targets Fintech/Banking Deals & Crypto for Scrutiny appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Fintech 43

Fintech Banking Trends Analysis National 43

PYMNTS

AUGUST 7, 2019

Without a regulatory mandate, many in the financial services and FinTech space believe that competition will — and already has — nudged the industry toward embracing data integrations across platforms and service providers in the name of better banking experiences. Bank participation is key to promoting open banking in the U.S.,

Fintech 181

Fintech Strategy Resources Payments 181

PYMNTS

SEPTEMBER 23, 2019

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. How Digital-First CUs Can Break The Impersonality Barrier. Federally insured CUs in the U.S. About the Tracker.

social media 157

social media Trends Michigan United States 157

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

FEBRUARY 21, 2017

Anne Boden, founder of digital-only bank Starling , believes that without regulation from the EU, London’s FinTech scene faces a damaged competition landscape as a result of Brexit. Boden is a strong proponent for the EU directives about which many British banking executives complain. Lloyds On The Move.

Digital Banking 101

Digital Banking Capital Fintech Groups 101

Gonzobanker

FEBRUARY 29, 2024

A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity. It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. It appears nothing else matters but the urgency to get big and get there fast.

Tools 152

Tools Analytics Data System 152

PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices.

Technology 208

Technology Report Fraud Study 208

Chris Skinner

JUNE 8, 2017

As Nick pointed out, historically clearing payments through BACS, CHAPS and the other national networks were controlled by a range of banks but, through consolidation, mergers and acquisitions, we have ended up in a position where only the Big 4 banks offer clearing services.

Branding 206

Branding Meeting System Regulation 206

American Banker

APRIL 7, 2016

Regulators and lawmakers must exercise healthy caution before granting fintech firms preemptive powers via national bank charters or otherwise.

Fintech 28

Fintech Exercises National Regulation 28

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and global stock markets are also top concerns among entrepreneurs surveyed by the bank.

Taxes 144

Taxes America National Community 144

Tech and Finance

MAY 28, 2019

Meanwhile the ABA is in a consortium behind Finxact , developed by fintech industry veteran Frank Sanchez. It has announced $30 million in equity financing from the ABA, Accenture Ventures, SunTrust Bank, and Finxact’s existing investors, including Live Oak Ventures, First Data, Woodforest National Bank, and T.N.

America 28

America Digital Banking Miami System 28

PYMNTS

JULY 14, 2016

What’s the impact to England’s FinTech ecosystem? An excerpt of their discussion is below: Webster: What was your initial reaction – broadly and, more specifically, about the impact to FinTech — once you received word about the “Leave” vote? Will companies begin migrating to “greener” E.U. That is one of the reasons the the U.K.

National 100

National Strategy Fintech Regulation 100

American Banker

FEBRUARY 10, 2020

but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators. It was Varo's second try with the Federal Deposit Insurance Corp.,

FDIC 70

FDIC Regulation Fintech National 70

Gonzobanker

FEBRUARY 1, 2024

For the bankers we talked with, acknowledging challenges—think NIM, credit, regulation, election uncertainty, unemployment and CRE—while portraying resilience created quite a few compelling narratives throughout the event. Joint presentations between bankers and fintechs abounded, showcasing collaborative initiatives.

Conference 88

Conference FDIC Arizona Industry 88

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Bank Merger of the Year. Best Fintech Acquisition by a Bank.

Fintech 143

Fintech Strategy Leadership Lending 143

Chris Skinner

FEBRUARY 22, 2017

The rumour goes something like: are you not surprised that banks grow into big beasts, as it’s government supported? Governments want banks to be big and regulated, because governments can then access the data the bank is keeping about their clients. I heard a rumour the other day.

America 262

America Data Analysis Course 262

PYMNTS

JULY 1, 2016

For weeks the FinTech industry has been managing fears and anxieties over the future of the novel alternative finance space. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Commercial Banking. D3 Banking. Alternative Lending.

Lending 101

Lending Analytics Capital Industry 101

American Banker

AUGUST 5, 2016

Distributed ledgers have the potential to simplify and strengthen bank regulatory oversight when applied in the appropriate context, such as during the Shared National Credit examination program.

National 28

National blockchain Digital Banking Technology 28

CFPB Monitor

MARCH 2, 2020

The symposium featured opening remarks by Director Kathleen Kraninger and three panels consisting of representatives from the banking industry, fintech companies, data aggregators and consumer advocacy groups. Lila Fakhraie, Senior Vice President, Digital Banking APIs, Wells Fargo Bank.

Data 78

Data Policies Groups Fintech 78

PYMNTS

FEBRUARY 21, 2019

The small business (SMB) banking sector continues to endure seismic disruption from many angles. regulators are cracking down on big bank misconduct against small firms, while simultaneously exploring ways to inject competition into the sector via initiatives like the RBS fund. In the U.K., Last year, the U.K.’s

Operations 135

Operations Strategy Industry Lending 135

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0,

Conference 195

Conference Technology Las Vegas Trends 195

Insights on Business

OCTOBER 17, 2018

While you are there, explore how IBM LinuxONE and Temenos work together to provide a “one-stop-shop” for modernizing core banking systems. Learn about the benefits of the The LinuxONE T24 Digital Banking Platform: Optimized architecture for Temenos T24 and Temenos core modules. IBM Open Banking Luncheon.

blockchain 110

blockchain Video Compliance Meeting 110

Lars Markull

JUNE 6, 2020

EU countries), bank transfers relied on different national standards. This caused delays and problems during international transfers, since the sending bank could not check if the provided account details were correct and often the payer provided wrong account details due to missing knowledge. Fintech challenges with IBAN.

Fintech 90

Fintech US Regulation Examples 90

PYMNTS

DECEMBER 26, 2019

Lei said the regulator will reinforce the fusion of FinTech and the foreign exchange market and will oversee the advancement of new technology. “We SAFE is primarily responsible for reviewing the drafting of ordinances and regulations that facilitate foreign exchange market activities and state foreign exchange reserves.

blockchain 136

blockchain Regulation cryptocurrency Study 136

Tech and Finance

JULY 13, 2016

Regional and mid-tier banks face an uphill battle on the digital front, but have advantages they can capitalize on with some focus and determination. Alarm bells are sounding in boardrooms of regional and mid-tier banks across the U.S. Mobile Banking Functionality Benchmark. Or at least they should be.

Regional 28

Regional Mobile Millennials Study 28

PYMNTS

DECEMBER 17, 2019

Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.

Metro 136

Metro Regional Fintech National 136

Gonzobanker

DECEMBER 19, 2017

One word can summarize this action-packed banking year, GonzoBankers – tiring. FinTech threats and distractions. Heavy-handed regulators. Oh, by the way, that Fintech darling of two years ago Lending Club? The Credit Unions Can Act Like Fintech VCs Award. This year brought us: Mergers out the yin-yang.

Conference 91

Conference Industry Community Bank Community 91

Lars Markull

JUNE 6, 2020

EU countries), bank transfers relied on different national standards. This caused delays and problems during international transfers, since the sending bank could not check if the provided account details were correct and often the payer provided wrong account details due to missing knowledge. Fintech challenges with IBAN.

Fintech 40

Fintech US Regulation Examples 40