PYMNTS

DECEMBER 11, 2019

“We had to deal with credit and trust issues very quickly,” he said, echoing other FinTech leaders and entrepreneurs who operate in the Middle East and in the Gulf countries. “We Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. More Focus on P2P Lending.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

JULY 23, 2019

China’s banking regulator is introducing stricter requirements on banks and insurance institutions that provide supply chain financial solutions in an effort to curb fraud, according to China Daily reports last week. Regulators Step In. Technology, he said, is key to that endeavor. “As

Fraud 128

Fraud Regulation Report Management 128

PYMNTS

OCTOBER 29, 2018

The two dominate their local markets and are operating in regulated industries, two characteristics the famed investment firm typically looks for when making investments. The investments in the mobile payment companies also underscore the fact that the financial technology industry is starting to mature.

Fintech 139

Fintech Capital Financial Technology Industry 139

PYMNTS

NOVEMBER 3, 2019

The digital asset solutions provider, exchange operator and regulator, based in Malaysia, will also accept all major digital assets listed on SPEZA Digital Asset Exchange. FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency.

blockchain 101

blockchain Software Fintech Maine 101

Jeff For Banks

APRIL 27, 2023

Industry pundits in the know about everything financial technology and financial technology firms will soon be clinking martini glasses saluting each other and telling stories about their profitability and number of bank installs they have under their belt. It is a veritable "who" of financial technology firms.

Financial Technology 78

Financial Technology Strategy Fintech New York 78

PYMNTS

JULY 10, 2020

The legal cannabis market’s financial services challenges are, by now, well-known. For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

MARCH 16, 2018

The profiles serve as educational materials outlining the lifecycles, security characteristics and relevant laws and regulations for the most common payment types, the Federal Reserve said in a press release. “We They also cover security methods — and identity management controls — along with relevant laws and regulations, among other topics.

Security 100

Security Payments Boston Fraud 100

Gonzobanker

FEBRUARY 23, 2022

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. According to internal Cornerstone research, banks pursuing Baas hadan 80% median increase in NIE compared to an industry median of just 18%.

Community Bank 117

Community Bank Strategy Risk Management Fintech 117

PYMNTS

JANUARY 26, 2017

But while B2B payments continues to lag behind the B2C market in terms of innovation, analysts note that all sides will be facing challenges from regulation this year. The firm noted that there is now a fairly even split between financial technology innovators that target the consumer and SME space and those that target corporate services.

Innovation 100

Innovation Payments Regulation Fraud 100

PYMNTS

AUGUST 30, 2016

It is envisioned that activity-based regulation of payment service providers would build public confidence and encourage the use of electronic payments.” ” It was reported that the new changes will bring about a “ blurring of the lines ” between payments and remittance through advances in financial technology.

Fintech 117

Fintech National Regulation Innovation 117

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Other recent API developments aim to offer professionals an efficient way to process payments and remain compliant with local regulations.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

AUGUST 30, 2016

. “It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. It is envisioned that activity-based regulation of payment service providers would build public confidence and encourage the use of electronic payments.”

Fintech 101

Fintech Cyber Security National Regulation 101

PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets. .

Payments 294

Payments blockchain System Bitcoin 294

Insights on Business

MARCH 12, 2018

During the interview, he describes how we are in the middle of a cryptocurrency “explosion” that is ripe for regulation. He expects regulation in crypto as a matter of when, not if, and the future success or failure of this new form of this volatile currency may very well hinge on how it’s regulated.

Groups 79

Groups blockchain cryptocurrency Regulation 79

Gonzobanker

DECEMBER 14, 2023

Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80 Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80

Fintech 194

Fintech Community Regional Technology 194

Gonzobanker

DECEMBER 19, 2022

As expected, these rate hikes stopped the mortgage industry in its tracks. Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

JUNE 12, 2017

From shifting use of various payment rails like ACH and cards, to deployment of FinTech technologies, to changing supplier payment habits, the report offers a glimpse at the current state of B2B payments – and where the industry may be headed. PYMNTS dives into the report to examine the biggest data points. Globalization.

Fintech 150

Fintech Survey Cards Payments 150

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

Community Bank 157

Community Bank Community Millennials Regulation 157

PYMNTS

JUNE 27, 2019

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.

blockchain 147

blockchain Payments Regional America 147

CFPB Monitor

JULY 21, 2022

FinCEN, however, does not actually conduct BSA/AML examinations of regulated businesses. Currently, and depending on the facts, the BSA often does not apply to payment processors, who often fit into an exemption under the BSA’s definition of a “money services business,” or MSBs, subject to AML requirements.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

JULY 17, 2017

In fact, the coffee chain has seen its fair share of operational headaches as of late. In this case, the headache comes from the order-ahead technology that has made Starbucks a consumer favorite — and left its staff feeling a bit tapped out. Starbucks Mobile Order-A-Headache. The Comptroller Urges Caution Around FinTech .

Data 100

Data Survey Fintech Regulation 100

PYMNTS

JULY 11, 2017

In the latest PYMNTS Commanders in Chief series, Bruce Lowthers, executive vice president of FIS Global, a financial technology solutions provider , and president of the company’s Payments Division , didn’t set out to be an innovator. PYMNTS: What trends and changes are you watching that are affecting the industry and your role?

Innovation 101

Innovation social media Security Leadership 101

Urs Bolt

OCTOBER 17, 2018

Fintech to facilitate inclusive financial system establishment in China, say experts. He added that China could use Blockchain technologies to decentralize its financial regulations and supervision by allowing private companies to test the ground in so-called regulatory sandboxes. Regulation. HearingTech.

System 28

System Fintech blockchain Innovation 28

ZootBlog

NOVEMBER 11, 2015

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. There are now more than 8,000 financial technology companies in the United States with the potential to shake up traditional financial institutions. Everything.

Innovation 60

Innovation Fintech social media Knowledge Base 60

NCR

JUNE 1, 2016

Think of a technology-enabled phenomenon that leads to the creation of what is essentially a completely new medium that disrupts every kind of existing practice but entire industries. That’s surely the simplest way to describe the Internet itself, of course, but does it also apply to blockchain as a whole and Bitcoin in particular?

blockchain 40

blockchain Bitcoin Michigan Policies 40

Banking 2020

FEBRUARY 8, 2016

All of which gets us to modular financial services. That’s the provocative thesis laid out in “Modular Financial Services: The New Shape of The Industry,” a new report from consulting conglomerate Oliver Wyman. Building on the premise that the industry currently generates $5.7 So what comes next for industry players?

Industry 40

Industry Study Regulation Comparison 40

PYMNTS

MAY 18, 2016

JJ: Regulatory Technology, or RegTech, has emerged as a result of the growing need for businesses to effectively and efficiently stay compliant in the face of increased regulatory protocols. Being actively engaged with our clients, partners, regulators, policymakers and industry leaders and influencers fuel innovation at our company.

Innovation 100

Innovation Technology Regulation Fraud 100

PYMNTS

OCTOBER 1, 2018

“As technology continues to provide more creative means for financial transactions, so, too, must financial technology companies be careful to abide by the rules that ensure stability and fairness in these emerging markets.” We will vigorously investigate wrongful conduct in this industry.”. Attorney Alex Tse. “We

Lending 135

Lending Fraud Management San Francisco 135

CB Insights

OCTOBER 31, 2019

Microsoft’s Satya Nadella referred to chat as the “third run-time” — an indispensable piece of operating a platform, second only to the operating system and the web browser. Mentions of chatbots in earnings calls and press releases skyrocketed, and for many, it seemed that chatbots might be the next big disruptive technology.

Industry 78

Industry Examples Tools Retail 78

PYMNTS

MARCH 23, 2017

The European Commission is hoping to consult with the public concerning the growing market of financial technology as the agency looks to manage policies in the sector. Last year, the commission setup its financial technology task force in response to the effects of digital innovations changing the banking industry.

Fintech 187

Fintech Policies Innovation Financial Technology 187

William Mills

SEPTEMBER 12, 2017

I checked out their web site and they are promoting their IOS/Google Play mobile apps (no surprise) and I found this: This website is operated and maintained by Collective Returns, Inc. An industry leader in lending and benchmarking solutions for financial institutions. Great mobile device app, offering credit to try it.

Samsung 69

Samsung Mobile User Experience Google 69

Fintech Labs Insights

OCTOBER 16, 2016

In a $460 million deal, Texas-based ATM operator Cardtronics has acquired Canada-based DirectCash Payments. With increased competition in the P2P payments industry ( PayPal / Venmo ( FDNY 16 ), Square Cash, Zello), banks are feeling pressure to compete by offering faster delivery of funds. Regulation. Big handshakes.

Trends 12

Trends Fintech blockchain America 12

PYMNTS

NOVEMBER 29, 2016

There is neither a shortage of controversial topics in financial services or financial technology nor a shortage of subjects that tend to polarize people. These abuses need to be stopped, and cheerleaders for the new regulations note that stringent rules and enforcement are the best way to get there.

Lending 100

Lending Regulation Groups Innovation 100

PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept. would not operate a single, unified real-time payments service; rather, FedNow would operate in conjunction with other services in the private sector, including The Clearing House’s RTP network.

Payments 174

Payments Kansas City Community Bank Community 174

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Regulated Financial Institution. Juvo makes it easy for mobile operators to find them.

social media 40

social media ATM Mobile Customer Experience 40

CB Insights

JULY 1, 2018

NAVIGATING THE PERIODIC TABLE OF TECH IN CANADA: The top of the table lists private, investor-backed companies in select industries, as well as notable VC and corporate investors in Canada. Fintech: The financial technology category has the greatest number of startups in our table. Click on the image below to enlarge.

Software 78

Software Capital Mobile Technology 78

PYMNTS

JULY 31, 2018

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. financial technology efforts. Treasury Department. FinTech Growth.

Fintech 194

Fintech Security US United States 194