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People’s Bank Of China To Regulate FinTech

PYMNTS

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. China has become an emerging FinTech market due to its expanding middle class, rapid digitization and electronic payments adoption.

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Former Google Exec Tries Blockchain Banking On For Size

PYMNTS

You may not have heard of this engineer, but if you use an Android smartphone, you probably use his technology. Paul Taylor is a former Google engineer who developed the speech recognition software used in the smartphones. At present, Taylor said about 10 banks are working with the Vault OS technology.

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FinTech year in review: What we saw and where we’re going

Insights on Business

The dominant story is that fintech startups and banks are better off as friends than foes. Fintech, once seen as a disruptor, is now becoming a mainstream and also a collaborating partner. Consumers have been conditioned by Google and Apple to see that banking services can be much more accessible and convenient from a mobile device.

Fintech 115
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Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

PYMNTS

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.

Data 173
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Today In Payments Around The World: UK Mulls Rules To Curb Late Vendor Payments; Kakao Pay Gears Up For Public Offering

PYMNTS

In today’s top payments news around the world, the United Kingdom may clamp down on late payments to suppliers, while South Korean FinTech Kakao Pay is reportedly gearing up for an initial public offering (IPO). It is working with over 20 financial institutions to create the service. Korean FinTech Kakao Pay Preps For IPO.

Payments 130
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10 Top Banking Podcasts You Should be Listening to

Abrigo

million podcasts in the world, you might find it daunting to weed through the lists on Apple Podcasts, Spotify, Google, or other platforms to find the best banking podcasts. So far, episode topics include cover loan pricing in a rising-rate environment, cannabis-related banking , and technology implementation. Indeed, with 2.8

Community 195
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Grab Launches Microinvestment Solution, Consumer Loans, BNPL Plans

PYMNTS

Grab Financial Group (GFG), a Southeast Asia financial technology (FinTech) and ridesharing company, is expanding its reach with the announcement on Tuesday (Aug. More than 70 percent of Southeast Asians are underbanked, according to a Google, Temasek and Bain & Co.

Strategy 137