PYMNTS

FEBRUARY 21, 2020

FinTech has bought a bank, and it shows how digital-first firms can broaden their scale and reach with cross-pollination across financial offerings. The LendingClub announcement follows the news that mobile bank Varo received approval from U.S.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

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. The appeal of the banking license is it ensures the fact that they can provide the full spectrum of services,” he said. “But The Wider Future.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

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

Bank Innovation

OCTOBER 29, 2019

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.

National 284

National Innovation Digital Banking Branding 284

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter.

Compliance 78

Compliance Digital Banking Training South Dakota 78

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

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

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

PYMNTS

NOVEMBER 23, 2020

The Office of the Comptroller of the Currency (OCC) has put forward a personal banking rule meant to level the playing field. The regulation would guarantee that everyone would have equal access to banking services provided by federal savings associations, national banks, and federal branches and agencies of foreign bank organizations.

Analysis 162

Analysis Digital Banking Report Regulation 162

PYMNTS

DECEMBER 11, 2020

PYMNTS’ December 2020 Digital Identity Tracker® , done in collaboration with Jumio , delves with enthusiasm and deep detail into the burgeoning field of video-based KYC , highlighting a number of compelling use cases from around the world that showcase its effectiveness.

Video 204

Video Security National Digital Banking 204

PYMNTS

JANUARY 11, 2021

Plus, the Reserve Bank of New Zealand revealed on Sunday (Jan. 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.”.

ATM 145

ATM Capital Digital Banking National 145

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. TO DOWNLOAD THE FEBRUARY EDITION OF THE DIGITAL BANKING TRACKER , FILL OUT THE FORM BELOW. .

Digital Banking 163

Digital Banking Fintech Software Operations 163

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

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

OCTOBER 22, 2020

She said the global pandemic has simply advanced a movement that has been underway for years, which has sought to provide banking access and digital financial services to underserved communities, mostly through mobile devices. Crypto And AI/ML.

Payments 206

Payments Community Mobile Comparison 206

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. percent within the past year, total assets have risen 6.4

social media 157

social media Trends Michigan United States 157

PYMNTS

FEBRUARY 20, 2020

companies, is staying in the EU and will keep some of the EU’s famously stringent data protection rules, the General Data Protection Regulation. has one of the weakest privacy protections of any developed nation. Ireland, which hosts the headquarters of Google and other big U.S. Recent U.S. Britain and the U.S.

Google 141

Google US Data Regional 141

PYMNTS

JULY 31, 2017

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 This inaugural edition of the Tracker covers the most significant recent developments from around the credit union market, including notable innovations, industry partnerships and efforts to challenge and change regulations.

Report 114

Report Innovation Regulation National 114

PYMNTS

MAY 27, 2020

The ATM has emerged as one of CUs’ most important tools in this member engagement effort, in fact, with many investing in digitally-enabled ATM kiosks that provide members with on-demand videoconference consultations and a full range of digital banking services. Deep Dive: Offering An End-To-End Customer Experience Through ATMs.

ATM 243

ATM Innovation Meeting United States 243

PYMNTS

OCTOBER 15, 2018

billion, finalizing one of the largest bank mergers since the financial crisis, according to reports in Independent.ie Financial Conduct Authority (FCA) and the Prudential Regulation Authority, as well as shareholders’ votes in favor of the deal. on Monday (Oct. The final approval followed clearance from the U.K.

Exercises 166

Exercises Branding Customer Experience Course 166

PYMNTS

OCTOBER 14, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime, and fraudsters undoubtedly hope to raise those amounts. If a bank flags transactions over a certain limit, for example, a bad actor can easily avoid making transactions that surpass it. financial regulations work.

Strategy 109

Strategy Fraud Innovation Regulation 109

PYMNTS

NOVEMBER 29, 2018

The Daily Nation , quoting the report, said, “In devising their strategies, banks could focus on owning the next generation payments landscape (for example, contactless, QR, eCommerce, etc.) has partnered with Kenya’s Family Bank Limited, as announced Wednesday (Nov.

Fintech 167

Fintech Guidelines Mobile Training 167

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. Facing Brexit Disruption.

Digital Banking 101

Digital Banking Capital Fintech Groups 101

South State Correspondent

OCTOBER 28, 2022

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, cyber, infrastructure, and regulation. Small Idea – Policy and Regulations are Lagging But Are Going in Banking’s Favor.

Conference 195

Conference Technology Las Vegas Trends 195

Gonzobanker

DECEMBER 14, 2023

Through a unique reverse merger structure and $400 million P/E injection, PacWest made it through a ring of fire and the two have created a $36 California business banking franchise while helping to calm a bank panic in the spring of this year. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp.

Fintech 195

Fintech Community Regional Technology 195

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal.

FDIC 78

FDIC Regulation Community Retail 78

PYMNTS

OCTOBER 11, 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 to launder approximately $2 trillion annually. Such profiles ensure FIs comply with current regulations and AML standards.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

SEPTEMBER 23, 2020

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. British banks spend upward of £6.7 Deep Dive: How Banks Are Threatened With Identity Fraud. billion ($8.9

Technology 208

Technology Report Fraud Study 208

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 163

Tools Analytics Data System 163

PYMNTS

DECEMBER 9, 2020

Banks Let Themselves Get Left Behind. Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. But fast-forward to 2020, and the world is a very different place.

Innovation 306

Innovation Fintech Payments Regulation 306

Chris Skinner

MARCH 17, 2017

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and what will be involved.

Apple 307

Apple Innovation Fintech United States 307

Tech and Finance

MAY 28, 2019

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. One challenge for non-American banking vendors is the complexity of the U.S. Incorporation Ltd (TNI) of Thailand.

America 28

America Digital Banking Miami System 28

PYMNTS

NOVEMBER 10, 2020

The central bank and several other commercial banks collaborated on a cross-border bank account offering that Pakistanis overseas can use to store rupees and foreign currencies as well as to pay bills and make other transactions in the nation.

Report 216

Report Fintech United States Meeting 216

Chris Skinner

JUNE 8, 2017

ClearBank came into public domain at the end of February this year, as the first new clearing bank in Britain for 250 years. That’s not a very healthy or competitive marketplace and Nick was discussing this with the regulators three years ago and just asked the question: what’s to stop a new clearing bank being created?

Branding 206

Branding Meeting System Regulation 206

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 finance experts are celebrating with new data on the state of the entrepreneurial community.

Taxes 144

Taxes America National Community 144

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

American Banker

JUNE 3, 2020

The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.

National 45

National Regulation Mobile Banking 2020 45