Sun.Jun 09, 2019

Alipay partners with six mobile wallets for Europeans

Chris Skinner

I recently started to worry that people might think I have some sort of arrangement with Ant Financial to publicly endorse them, as I’m such a fan-boy.

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IMF’s Lagarde Calls Out FinTech As Industry Disruptors

PYMNTS

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe.

Things worth reading: 10th June 2019

Chris Skinner

Bitcoin Daily: G20 Want Regulators To Monitor Crypto Risks; Coinroom Crypto Exchange Abruptly Shuts Down

PYMNTS

G20 finance ministers and central bank governors have requested that the Financial Stability Board ( FSB ), as well as global standard-setting organizations, work together to monitor risks around crypto assets.

Emerging trends in B2B ecommerce – interview with Jordan Graison, Limonetik

The Paypers

(The Paypers) The Paypers interviewed Jordan Graison , Head of Sales at Limonetik , to learn more about the emerging trends in B2B ecommerce

Uber COO And CMO Switch Out

PYMNTS

Two big C-Suite positions announced they were stepping down from Uber last week. Chief Operating Officer (COO) Barney Harford and Chief Marketing Officer (CMO) Rebecca Messina will both be leaving the company.

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Are you buying BTC? How safe is your Bitcoin?

Daily Fintech

Last week our theme was “Why is Bitcoin going up? HOLD on Bitcoin?”. Our theme for this week is “Are you buying BTC? How safe is your Bitcoin?”.

More Trending

Health care and payments are a nasty data breach combination

Payments Source

Financial institutions have different levels of breach protection than health care, heightening the risk, according to Brad Keller, senior vice president and program director at Shared Assessments. ISO and agent Payments Data breaches Healthcare industry Risk

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Google Spent $21M On Lobbying In 2018

PYMNTS

Google is spending more than any other U.S. tech company on lobbying as the tech sector faces increased scrutiny and the potential for more regulation. According to a report in CNBC citing the Center for Responsive Politics, Google spent $21.17

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G20 and FATF should not infringe on the human right to privacy by prescribing mass surveillance for virtual assets !

Money and Payments

Over the past weeks, I have been sounding the alarm as to the envisaged FATF-recommendations in the area of virtual assets.

China To Help Smaller Banks Retain Liquidity

PYMNTS

China’s central bank announced over the weekend it plans to use several tools to keep liquidity in the market and that it will provide liquidity support to small and medium-sized banks.

CU Organizations Agree to Pay $7.5 Million to Settle ITT Student Loan Nightmare

Keith Leggett's Credit Union Watch

Credit union organizations agreed to a motion to settle claims with ITT Technical Institute bankruptcy trustee. As part of the settlement agreement, credit union organizations will pay almost $7.5 million. The credit union organizations covered by the motion include Student CU Connect CUSO, LLC, The Rochdale Group, Inc.,

Lyft Sues SF Over Bikesharing Contract Violation

PYMNTS

Lyft , the ride-hailing startup, has filed a lawsuit against San Francisco claiming officials in the city are violating a contract with the ride-hailing company.

Was Chase’s Digital-Only Bank Spinoff a Viable Strategy?

The Financial Brand

Is the closing of Finn by Chase a recommitment to branches or a lack of commitment to digital transformation? The post Was Chase’s Digital-Only Bank Spinoff a Viable Strategy? appeared first on The Financial Brand. Branch Strategies Digital Banking Strategies Featured Content Branch of the Future Chase Digital Apps digital banking

Diversity Insight: Embracing the human difference

CU Insight

As a small credit union, we were constantly advised by examiners and strategic planners from 2005-2014 to find our niche in our community.

15 Things Banks & Credit Unions Must Know Before Targeting Gen Z

The Financial Brand

While you blinked, 1 in 3 Gen Zers began working, shifting the spotlight slightly off Millennials. These young consumers are very different. The post 15 Things Banks & Credit Unions Must Know Before Targeting Gen Z appeared first on The Financial Brand. Featured Content Segmentation Strategies

Mortgage lender fined $1.75M for inaccurate HMDA data

CU Insight

The CFPB has fined Freedom Mortgage Corporation $1.75 million for filing inaccurate Home Mortgage Disclosure Act (HMDA) data. Freedom is one of the 10 largest HMDA reporters in the nation. In a release , the bureau said that Freedom submitted erroneous mortgage-loan data for 2014 to 2017.

2-day CUAC meeting features remittance, debt collection talks

CU Insight

CUNA attended the two-day meeting of the Consumer Financial Protection Bureau’s (CFPB) Credit Union Advisory Council Wednesday and Thursday.