PYMNTS

JULY 8, 2019

Regulators, particularly in the nations with the largest swaths of unbanked consumers, will say it offers users no easy way to cash in, cash out or reliably spend the Libra currency. At this point, despite a lot of challenger banks rolling out offerings in these areas as “cutting edge” or “innovative,” the reality is they aren’t.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

PYMNTS

OCTOBER 12, 2020

European digital bank Revolut , the continent's largest such institution with 13 million users, is close to applying for a U.S. digital banking license, according to a report by CNBC. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S.,

San Francisco 268

San Francisco Wyoming US Utah 268

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. Around the Digital Banking world.

Regulation 100

Regulation Cards Digital Banking social media 100

PYMNTS

JUNE 13, 2018

That growing group of FIs includes Sweden-based FinTech Tink , which offers a consumer-facing digital banking platform alongside a growing B2B API development business. Founded in 2012, Tink debuted its AI and machine learning-focused digital banking platform the following year to give customers better financial insights.

Regulation 115

Regulation Guidelines Tools Data 115

Bobsguide

MARCH 21, 2022

Finastra and Union of Arab Banks to accelerate digital banking together. Partnership will see the development of a model digital bank, licensed to Union of Arab Banks members to help them transition into digital banking. However, resource management remains a central challenge.

Digital Banking 60

Digital Banking Innovation Community Regional 60

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

NOVEMBER 19, 2019

The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. It also owns the world’s biggest money market fund, Yu’e Bao, and a credit-rating system called Sesame Credit. billion ($1.1 billion) in capital and local control.

Digital Banking 101

Digital Banking Capital Taxes Groups 101

PYMNTS

FEBRUARY 11, 2020

Mastercard Gets Nod To Join China’s $27T Payments Market. China approved Mastercard for a bank card clearing business with its partner, NetsUnion Clearing Group, giving the company access to a $27 trillion payments market. A judge rejected a request by Uber and Postmates to stop new California regulations on gig economy workers.

Marketing 150

Marketing Payments Retail California 150

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. FIs in Fidor’s native Germany should by now be familiar with the standards set by GDPR, PSD2 and other regulations aimed at online banking.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

JULY 25, 2019

Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however. It is thus imperative that those seeking to expand into new markets adjust their fraud protection strategies to better fit local customer needs. Bringing a global fraud approach to a new local market. operations.

Fraud 164

Fraud Marketing US Resources 164

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too. Now—what does RegTech mean?

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too. Now—what does RegTech mean?

Regulation 150

Regulation Industry Trends Compliance 150

PYMNTS

JULY 30, 2019

Granting of the three virtual banking licenses follows moves by regulators in other Asian markets to issue such licenses as internet banks continue to challenge traditional consumer banking, according to the report. . Singapore’s central bank said in June it would issue up to five digital bank licenses. .

Trends 173

Trends Digital Banking Innovation Online 173

CFPB Monitor

JUNE 25, 2020

The OCC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comments in connection with a comprehensive review of its regulations on electronic activities of national banks ( 12 CFR part 7, subpart E ) and federal savings associations ( 12 CFR part 155 ). Comments on the ANPR must be received by August 3, 2020.

National 103

National Regulation Innovation Technology 103

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

SEPTEMBER 22, 2020

Consumers moved to digital banking in droves during the early months of the COVID-19 pandemic — it appears they are not moving back. Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice.

Compliance 191

Compliance Digital Banking Security Online 191

PYMNTS

DECEMBER 23, 2019

However, it is a quickly changing industry, thanks to digital banking. Its omnipresence is altering how members want to interact with their CUs, though regulatory and compliance issues often mean that members cannot reasonably expect the same lightning-fast interactions they might get from banks and FinTech firms. percent and 4.1

Data 131

Data Lending Michigan Regulation 131

PYMNTS

FEBRUARY 3, 2020

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. APIs are critical, as they enable further digital banking connectivity.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

AUGUST 21, 2019

Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. This is driving legacy banks to take a closer look at their own products and strategies, with many rising to the challenge. Around the Digital Banking World. About the Tracker.

Trends 194

Trends Digital Banking Innovation Regional 194

PYMNTS

DECEMBER 1, 2019

In December 2018, it became the first P2P lender to be granted a conditional banking license by the Financial Conduct Authority (FCA), with plans for its digital bank offering to include a fixed-term savings product, a credit card and a money management app. since its inception.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing. Similarities To The EU.

America 168

America Regional Regulation Fintech 168

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. It’s ushering in a new era of regulation and compliance – and there will be ramifications. Now, they’re laying down the law.

Regulation 130

Regulation Case Study Fraud Study 130

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

PYMNTS

JULY 22, 2020

CEO Stefan Pajkovic founded the company to help emerging FinTechs find their way through the industry’s regulations and licensing requirements. TradeCore’s aim is to handle and accelerate the back-end processes and technological integrations, such as regulation compliance, so the emerging FinTech can focus on growing its business.

Fintech 130

Fintech Compliance Regulation cryptocurrency 130

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. In China, there is [an] ever-shifting gray line,” Chorzempa said.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. It also details how open banking’s expansion can help businesses build trust with new or existing customers seeking more secure ways to shop. The Pandemic And The Privacy Question .

Study 192

Study Data Regulation Digital Banking 192

PYMNTS

AUGUST 7, 2019

Business payments technology firm Bottomline Technologies has rolled out a suite of services for banks to elevate their customer engagement with corporate services. financial services industry’s migration toward open banking despite a lack of regulations in the country. In a press release on Tuesday (Aug. In the U.K.,

Digital Banking 177

Digital Banking Regulation Analysis Management 177

Chris Skinner

MAY 12, 2017

Here’s what they published: ‘The clock is ticking for Pakistan’s legacy banks,’ Chris Skinner, global fintech expert An independent commentator on financial markets and fintech through his blog, the Finanser.com, Chris Skinner is one of the biggest names in fintech today.

Regulation 255

Regulation Capital Fintech Innovation 255

PYMNTS

JULY 22, 2020

And in bank regulation, open banking is developing at a fast clip in Brazil, while the pandemic may have sped up the digital banking shift in many markets beyond the region. 86%: Share of global banks seeking to use APIs for open banking within the next year. All this, Today in Data.

Innovation 130

Innovation Regional Data Digital Banking 130

PYMNTS

MARCH 1, 2018

hasn’t had such regulatory pressure, signs that banks are opening up their data to third-party FinTechs are beginning to emerge, a trend partially attributed to competitive market pressures — and similar signs are popping up in Canada too. While the U.S. Now, analysts at GlobalData say India could be next.

Marketing 100

Marketing Data New York Trends 100

Banking 2020

DECEMBER 17, 2014

As readers, you indicated your interest in this year’s top trends on the site including financial regulations on marijuana , banking profitability , online-only banks and the mobile banking revolution. Spotlight 2015 Digital Insight EyeVerify Infogix Market Force predictions Sageworks'

Digital Banking 111

Digital Banking Trends US Regulation 111

PYMNTS

OCTOBER 16, 2020

It’s been another busy week in the world of payments and commerce, with the expansion of installment point of sale (POS) credit and digital banking. banking license. I think that this just-in-time credit is going to be growing … and it’s going to take, share from cards and take share from banks. banking license.

Report 176

Report San Francisco Payments Digital Banking 176

PYMNTS

OCTOBER 1, 2020

The pandemic has exposed the pain points of all verticals when it comes to payments, and especially when it comes to transacting in person, in a tactile environment, with cash, and where banking conduits are limited. Nowhere is that more true than in the legal cannabis industry where regulations are still evolving.

Payments 271

Payments Colorado Marketing Cards 271

PYMNTS

JUNE 30, 2020

Careem , the Dubai-based ride hailing company, has entered into a partnership with Visa to expand digital payments. The agreement is expected to accelerate cashless payments and digital banking across the Middle East and North Africa, the companies announced. Regulators approved the $3.1

Payments 207

Payments Security Regional Digital Banking 207

PYMNTS

FEBRUARY 20, 2019

While they were once seen as novelties, challenger banking institutions are further encroaching into traditional banks’ territory, adding new responsibilities and products to their portfolios, such as lending. News From the Digital Banking Landscape. The challenger bank phenomenon is not unique to the U.K.

Digital Banking 155

Digital Banking Millennials America Lending 155

The Financial Brand

SEPTEMBER 30, 2021

Signs point to stricter rules for how nonbanks can use banking terms in their apps and marketing, complicating banking-as-a-service deals. The post Will Regulators ‘De-Bank’ Challengers, Neos, Cryptos & Fintechs? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Regulation 42

Regulation Fintech Banking Trends Analysis 42

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. BNY Mellon Names Robin Vince To Lead Global Market Infrastructure.

Marketing 130

Marketing New York Cards Conference 130