PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

Innovation 124

Innovation US Metro Washington 124

PYMNTS

SEPTEMBER 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending.

Lending 100

Lending Regulation Conference Study 100

PYMNTS

JANUARY 26, 2017

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. B2B Payments Outlook.

Innovation 100

Innovation Payments Regulation Fraud 100

PYMNTS

MARCH 20, 2018

Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.”. According to Reuters , Britain’s Financial Conduct Authority (FCA) announced the plans for a global testing bed for new financial technology apps.

Regulation 130

Regulation Fintech Regional Guidelines 130

PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). Tech-based solutions in financial services have experienced wide scale adoption in the U.K.,

Fintech 174

Fintech Ohio Financial Technology Innovation 174

Accenture

APRIL 4, 2017

Storm clouds are gathering over the banking industry in the form of a fragmenting value chain, rapid migration to digital channels, encroaching financial technology firms, and open banking regulations. The ancient Chinese were innovators.

Technology 157

Technology Trends Survey Customer Experience 157

Bank Innovation

APRIL 30, 2018

EXCLUSIVE— As open banking sweeps through Europe with the launch of PSD2, GDPR, and other regulations focused on transparency, North American financial institutions might want to consider looking to blockchain or artificial intelligence for their own compliance challenges.

America 255

America Compliance blockchain Financial Technology 255

PYMNTS

NOVEMBER 27, 2019

Beau wants to use distributed ledger technology (DLT), and France is considering a central bank digital currency (CBDC). It started a FinTech-targeted Innovation Hub this month, saying that the hub should “foster international collaboration among central banks on innovative financial technology.” .

blockchain 236

blockchain Innovation System Financial Technology 236

CFPB Monitor

JANUARY 12, 2021

The California Consumer Financial Protection Law (CCFPL) became effective on January 1, 2021. The CCFPL gives the California Department of Financial Protection and Innovation (DFPI) (the new name given to the state’s Department of Business Oversight) broad jurisdiction and sweeping new authorities that closely resemble those of the CFPB.

Exercises 127

Exercises California Innovation Financial Technology 127

Chris Skinner

MAY 12, 2017

He is the Chair of the European networking forum: the Financial Services Club and sits on the advisory boards of numerous companies including Innovate Finance, Moven, and Meniga. Chris has been voted one of the most influential people in banking by The Financial Brand. We are seeing big changes to encourage innovation.

Regulation 255

Regulation Capital Fintech Innovation 255

PYMNTS

MARCH 26, 2019

The organization will “provide bank leaders with a high-level platform to establish clear points of contact with senior representatives and thought leaders from the financial technology industry and consumer organizations,” the statement said. The group plans to hold its first meeting on April 1.

Groups 135

Groups Fintech New York Financial Technology 135

PYMNTS

JANUARY 13, 2021

In today’s top payments news around the world, Globe Fintech Innovations has landed $175 million in additional venture funding, while Airtel has teamed with Amazon to launch a mobile-only video entertainment platform. UK, EU Begin Negotiations Over Financial Services Regulation.

Video 130

Video United States Mobile Payments 130

Bank Innovation

DECEMBER 24, 2019

Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights.

Financial Technology 332

Financial Technology Technology Innovation Strategies Apple 332

Celent Banking

FEBRUARY 28, 2017

Product Innovation — for demonstrating the ability to launch multiple innovative products. While some banks are rolling out Open API development portals in response to regulations like PSD2, the Model Bank candidates in this category are using APIs to improve the customer experience. I look forward to seeing you there.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

Product Innovation — for demonstrating the ability to launch multiple innovative products. While some banks are rolling out Open API development portals in response to regulations like PSD2, the Model Bank candidates in this category are using APIs to improve the customer experience. I look forward to seeing you there.

Innovation 100

Innovation Lending Boston Trends 100

PYMNTS

JUNE 9, 2019

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. But it has also led to two firms controlling more than 90% of the mobile payments market.”

Industry 190

Industry Big Data Fintech Taxes 190

CFPB Monitor

SEPTEMBER 29, 2016

on November 14, 2016 to discuss financial technology innovation in the financial services industry. The panels will discuss issues such as blockchain technology, automated investment advice or robo-advisors, online marketplace lending and crowdfunding, and how they may impact investors.

Innovation 60

Innovation Fintech Washington blockchain 60

CFPB Monitor

JULY 25, 2019

Linda Lacewell, the recently confirmed Superintendent of the New York Department of Financial Services , detailed in a recent interview that she will prioritize fintech and consumer protection. These changes indicate that NYDFS will compete with the FTC and the CFPB to be the leading regulator in the fintech space.

Innovation 60

Innovation Fintech New York Policies 60

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

CFPB Monitor

MAY 18, 2016

In particular, he indicated that while FinTech companies should not have an advantage in the marketplace over banks because they are not complying with same rules, the CFPB would seek to enforce the laws without stifling innovation. on “Supporting Responsible Innovation in the Federal Banking System.” Registration is free.

Innovation 68

Innovation Washington Risk Management Fintech 68

PYMNTS

FEBRUARY 20, 2018

19) that they had inked a deal to collaborate and support FinTech initiatives called the Cooperation Arrangement on Financial Technology Innovation (FinTech Arrangement). According to a press release , the two organizations will support each other’s efforts via the FinTech initiatives LabCFTC and FCA Innovate.

Fintech 115

Fintech Regulation Innovation Financial Technology 115

CFPB Monitor

JANUARY 3, 2019

Our guest for this week’s podcast is Paul Watkins, Director of the CFPB’s Office of Innovation. The Office has taken over the Bureau’s work that was formerly done under Project Catalyst, the initiative launched by the CFPB in 2012 for facilitating innovation in consumer financial products and services.

Arizona 60

Arizona Innovation Policies United States 60

CFPB Monitor

NOVEMBER 16, 2020

The CFPB and the Colorado AG’s Office have announced they will hold joint virtual office hours as part of the American Consumer Financial Innovation Network (ACFIN). ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators.

Colorado 78

Colorado South Carolina Tennessee Utah 78

PYMNTS

MARCH 6, 2020

Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure. Real-time payments are imperative for running successful operations in today’s global ecosystem.

Payments 304

Payments New York Metro New York City 304

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”. Brex also announced Katie Biber has been named chief legal officer.

FDIC 166

FDIC Kansas City San Francisco Missouri 166

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Late last week, the U.S. But they have not provided lenders and banks with specific guidance on using the data in underwriting.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

AUGUST 3, 2018

Department of the Treasury report on how to encourage more FinTech, payments executives were mulling over the report, wondering if it would lead to any concrete improvements and giving their ideas to PYMNTS about how to best improve payments innovation and entrepreneurship. FinTech Improvements. Additionally, the report calls upon the U.S.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

NOVEMBER 25, 2019

MGV’s Venture Fund I has already made three representative investments in financial technology startups in the UK: Nivaura, Railsbank and Gardenia Technologies. The EIF has a strong commitment to innovation in Europe, and we hope that this fund, with its focus on FinTech entrepreneurs, will assist us in that goal.”.

Fintech 141

Fintech America Innovation Industry 141

Payments Source

MAY 3, 2018

Although there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

Fintech 70

Fintech Regulation Financial Technology Innovation 70

CFPB Monitor

JANUARY 9, 2020

The CFPB and Utah AG’s Office have announced that they will hold the first joint office hours as part of the American Consumer Financial Innovation Network (ACFIN). ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators.

Utah 78

Utah South Carolina Tennessee Arizona 78

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

OCTOBER 16, 2019

The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. The fact is that the financial system … is the most heavily regulated part of the economy. He said that regulation is an important aspect of the field.

Fintech 116

Fintech cryptocurrency Regulation System 116

PYMNTS

OCTOBER 10, 2019

The regulator made the remarks at the Finopolis forum of innovative financial technologies. Not only for technological reasons, but also because it is (difficult) to really estimate what advantages will the national digital currency give, for example, in comparison with existing electronic non-cash payments.

cryptocurrency 108

cryptocurrency National Study Comparison 108

PYMNTS

OCTOBER 10, 2019

The regulator made the remarks at the Finopolis forum of innovative financial technologies. Not only for technological reasons, but also because it is (difficult) to really estimate what advantages will the national digital currency give, for example, in comparison with existing electronic non-cash payments.

National 100

National cryptocurrency Study Comparison 100

PYMNTS

JULY 31, 2020

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. Department of the Treasury that charters and regulates financial institutions. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. ,

National 172

National Fintech San Francisco Connecticut 172