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IMF’s Lagarde Calls Out FinTech As Industry Disruptors

PYMNTS

Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

Industry 190
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Open banking APIs are open for business

Insights on Business

Open banking is a term that is associated with a broad set of initiatives that align to one of these three principles: Banking customers are empowered as the owners of their financial data. . Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties.

Fintech 181
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Banking at the Grocery Store

Banking 2020

Out on the campaign trail, Sen Bernie Sanders (D-VT), has fired up support with calls for higher taxes on the wealthy, raising the minimum wage, and breaking up Wall Street conglomerates. 22, German financial technology provider Number26 rolled out a new program to turn retail outlets into dual-purpose banking hubs.