PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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PYMNTS

JUNE 22, 2018

Treasury Department is poised to release a report over the next few weeks that will give some recommendations on regulating financial services, with a nod to the advantages of FinTech efforts and sandboxes that encourage innovation. Communication between corporates and regulators will also be examined in the report, the BNA noted.

Innovation 129

Innovation Fintech Regulation New York 129

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. Right now, compared with Fintech, RegTech has low investment for the size of spend. Lessons can be learnt from how banks partnered with Fintechs. Now—what does RegTech mean? RegTech means… RegTech!

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. Right now, compared with Fintech, RegTech has low investment for the size of spend. Lessons can be learnt from how banks partnered with Fintechs. Now—what does RegTech mean? RegTech means… RegTech!

Regulation 150

Regulation Industry Trends Compliance 150

PYMNTS

JUNE 5, 2020

Financial Institutions (FIs) that adopt open banking allow third parties like FinTechs to integrate with their application programming interfaces (APIs) to provide personalized financial management and payment apps that draw on bank customers’ data. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

Security 174

Security Fintech Data Fraud 174

Abrigo

SEPTEMBER 11, 2023

From a consumer standpoint, we’ve experienced three giant leaps in the fintech industry. Impact of AI Improved access to financial services One was when ATMs became available, and you didn't have to plan your activities around when banks were open. Let us step back in time and look at the last 50 years.

Risk Management 195

Risk Management Data Technology Fintech 195

BankInovation

MARCH 12, 2021

This week, Bank Automation News saw a flurry of funding rounds for automation-related fintechs, including a $220 million Series F round for the intelligent automation company WorkFusion. The New York-based WorkFusion uses artificial intelligence (AI) and robots to automate document-heavy processes in highly regulated industries.

Fintech 64

Fintech New York Regulation Industry 64

CFPB Monitor

AUGUST 15, 2018

Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe. The GFIN working group is encouraging responses and feedback from interested parties to 10 questions posed within the Consultation Document by October 14, 2018.

Regulation 68

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PYMNTS

MAY 12, 2020

Traydstream , a FinTech that looks at trade documents with artificial intelligence (AI), has partnered with Infosys Finacle to implement blockchain technology and further automate trade finance, according to a press release.

blockchain 213

blockchain Compliance Regulation Fintech 213

PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

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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. The adviser can select one of the Schwab Intelligent Portfolios and upload documents for signoff.

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PYMNTS

AUGUST 3, 2020

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). ” Wirecard declined to comment for the FT article.

Regional 362

Regional Online Fintech Regulation 362

CB Insights

DECEMBER 2, 2020

Fintech Smart Money VCs are showing a strong interest in the digital ID space — a narrow area at the intersection of cybersecurity, regulatory technology (regtech), and fintech. Of the 25 CB Insights Fintech Smart Money VCs , 15 have placed bets in the digital ID tech space since 2015. Want the full expert post?

Technology 73

Technology Fintech Regulation Groups 73

CFPB Monitor

NOVEMBER 22, 2022

The report focuses on fintech and other new entrant “non-incumbent” non-banks that are directly involved in providing digital financial products and services in the core consumer finance markets of deposits, payments, and credit.

Fintech 78

Fintech Report Data Lending 78

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. Regulators may have shifted their focuses away from these initiatives and toward making sure their customers have the financial access they need to survive the pandemic, but the long-term goals of. and the U.S. Similar to the U.K. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

PYMNTS

JULY 4, 2018

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). And, while London has served as Europe’s primary FinTech center, Brexit could change that: The U.K.’s s exit from the bloc next year.

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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

Bobsguide

MAY 30, 2022

To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions has launched a new Environmental, Social and Governance (ESG) reporting solution.

Management 147

Management Report Regulation Data 147

PYMNTS

DECEMBER 8, 2020

. Traditional bank account opening methods have long involved visits to branches and face-to-face meetings with officials in which physical identification documents are presented. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators. About The Tracker .

Video 211

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Abrigo

DECEMBER 20, 2021

The CBOT investigation determined that this was not an adequate number of analysts and that they were not thoroughly reviewing the documentation of each unusual activity alert. While templates are not inappropriate and can improve efficiencies, they should not be used without verification and supporting documentation.

Resources 195

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Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

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PYMNTS

DECEMBER 28, 2016

With the increase in complexity around processes and regulation changes, many nonprofits will turn to technology to increase efficiency and automate more high-volume, repetitive tasks,” the company recently told PYMNTS in its predictions for 2017. FLSA overtime regulations, Abila told PYMNTS, is of particular interest to nonprofits.

Fintech 147

Fintech Regulation Texas Software 147

CFPB Monitor

SEPTEMBER 24, 2020

Given this structure, one concern might be whether covered companies may find themselves subject to significant differences in interpretation of state and federal laws and regulations, depending on which state is leading an exam.

Regulation 60

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Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

APRIL 13, 2020

In this context, the Dutch Authority of Financial Markets has turned to embracing FinTech players in the market to support SMBs, with the regulator’s latest approval going to Finturi. Rather, artificial intelligence (AI) can automatically identify potential red flags on invoice documents to ensure uploads are legitimate. .”

blockchain 155

blockchain Capital Regulation Fintech 155

Bobsguide

APRIL 10, 2017

Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations dictate that financial institutions must ensure that they know their clients and verify their identities with appropriate data and documentation that proves that their clients are who they say they are, are not.

Fintech 92

Fintech Regulation Data 92

PYMNTS

JULY 17, 2020

As the one-time darling of Europe’s financial technology (FinTech) community faces insolvency with the debt of nearly $4 billion, some lenders said there are few buyers willing to pay cents or euros on the debt. Once a $28 billion FinTech leader, Wirecard has reported debt of nearly $4 billion after it revealed that $2.1

Fraud 150

Fraud Community Groups Regulation 150

PYMNTS

MARCH 26, 2018

The regulatory landscape was global in scope this past week as lawmakers looked to take steps in creating a far-flung blueprint that would define a FinTech “sandbox.”. Also on the world stage — amid financial regulation coordination — the Financial Stability Board (FSB) is training its gaze on working with existing rules rather than new ones.

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blockchain Fintech Colorado cryptocurrency 102

Gonzobanker

FEBRUARY 22, 2024

Currently, these businesses are finding funding sources such as Small Business Administration loans, equipment financing loans, or other lines of credit from fintechs and niche players in the market like American Express, PayPal, Mercury, Blue Vine and OnDeck.

Lending 78

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PYMNTS

SEPTEMBER 18, 2017

The website Cointelegraph.com reported that regulators and legislators in countries such as Japan are looking at how to address these marketplaces, and are focusing on control rather than outright bans. Payment System documents published two years ago. In the FinTech arena, Bloomberg reported late last week that regulators in the U.S.

cryptocurrency 101

cryptocurrency United States Fintech Regulation 101

PYMNTS

NOVEMBER 5, 2019

A European Union draft document says the European Central Bank (ECB) should contemplate issuing its own digital currency, Reuters reported on Tuesday (Nov. The draft follows Facebook’s announcement in June to launch the cryptocurrency Libra, which sparked scrutiny by global regulators.

cryptocurrency 107

cryptocurrency Washington Regulation Bitcoin 107

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Countingup Teams Up On SMB Solutions. Faster Payments and BACS schemes.

Taxes 141

Taxes Fintech Payments Security 141

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. Banks, FinTech firms and other financial services firms would be wise to invest more time, effort and resources into open banking security systems.

Security 192

Security Fraud Tools Data 192

PYMNTS

JANUARY 20, 2021

Generally speaking, that data sharing paves the way for a streamlined banking experience, especially over online and mobile conduits, via regulated providers. In terms of scale, openbanking.org reports that 300 FinTechs and providers have joined the ecosystem, and more than 2.5 In terms of mechanics, as directed by the U.K.’s

Data 188

Data Innovation Fintech Regulation 188

PYMNTS

FEBRUARY 10, 2017

The Federal Trade Commission had a busy year in 2016, surveying consumers about buying and financing car purchases, issuing a report aimed at helping businesses harness the power of Big Data without discriminating and also taking a hard look at the FinTech market and its implications for consumers.

Big Data 100

Big Data Fintech Data Survey 100

PYMNTS

JULY 30, 2020

Marsalek was in charge of running operations for the FinTech company, which was once a darling of the tech scene but has now been disgraced by an international money-laundering scandal unfolding since last month. Russian authorities had no comment, according to WSJ, and neither did representatives from Wirecard or a lawyer for Marsalek.

Fraud 176

Fraud Report Company Fintech 176

PYMNTS

DECEMBER 29, 2020

The CBK’s latest policy document outlines proposals on tap that could change the way FinTechs and mobile payments firms operate. The central goals include open infrastructure, consumer protection, regulation and more. The public is invited to comment on the report through Jan.

National 160

National Policies Mobile Payments 160