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Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations

PYMNTS

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. faster payment system.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Those interviewed by the GAO also said that guidelines would be of help in making sure lending is done efficiently. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties. Such alternative data, said the GAO, could pose risk to such lending decisions.

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Global Regulators Work Together On Blueprint For FinTech ‘Sandbox’

PYMNTS

According to Reuters , Britain’s Financial Conduct Authority (FCA) announced the plans for a global testing bed for new financial technology apps. and Far East, on a blueprint,” Chris Woolard, the FCA’s executive director of strategy and competition, told the Innovate Finance conference in London.

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Bridging the Digital Divide Between Banking Innovators and Those Stuck in Legacy Mode

NCR

Banking institutions and financial technology startups are putting their differences aside and working to find common ground. The chasm that has traditionally existed between the two is due primarily to their divergent approaches in providing financial services.

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Are central banks getting on board with blockchain?

NCR

Elsewhere, the Financial Times reports that other countries around the world, including the UK, Russia and China, are also examining what the implications will be as the world embraces innovations such as digital currencies. The post Are central banks getting on board with blockchain? appeared first on Banking.com.

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Can The Wealthiest City Win At FinTech?

PYMNTS

Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. “FinTech will have a big impact on financial services.”

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