Payments Source

SEPTEMBER 17, 2020

Ant Group was dealt another blow by more regulations to contain risks in the country’s burgeoning online lending industry as Jack Ma’s financial technology giant prepares for its initial public offering.

Lending 118

Lending Financial Technology Regulation Groups 118

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant currently has two lending units that handle consumer loans, Huabei and Jiebei. China TransInfo Technology Corp. On Tuesday (Jan.

Groups 141

Groups Regulation Lending Operations 141

Bank Innovation

MAY 10, 2019

House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence. The Task Force on Financial Technology will examine issues including “the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech,” the committee stated.

Fintech 186

Fintech Lending Financial Technology Technology 186

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. Despite lending £6.7

Fintech 144

Fintech Lending Regional Regulation 144

Chris Skinner

MAY 17, 2016

Things we’re reading today include … Financial technology start-ups need power of the EU behind them Costs of overdrafts to fall as part of UK banks overhaul Big Four banks benefit from regulator’s featherlight approach Lloyds shares yield £130m for Treasury Chinese bank buys London gold vault Lending Club shares dive on regulatory (..)

Lending 164

Lending Financial Technology Regulation Technology 164

CFPB Monitor

JUNE 8, 2016

On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”

Lending 60

Lending Fintech California Survey 60

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

CFPB Monitor

APRIL 15, 2016

The interest of federal regulators in marketplace lending continues to grow. In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders. .

Lending 60

Lending FDIC Washington Financial Technology 60

Chris Skinner

MAY 10, 2017

Here’s the summary: Financial Technology, more commonly referred to as FinTech, looks set to reshape the financial sector in the coming years and present Hong Kong with both challenges and opportunities. Many FinTechs are providing financial services directly to customers in areas such as payments and P2P (peer-to-peer) lending.

Strategy 271

Strategy Fintech Regional Technology 271

Perficient

JULY 11, 2022

According to a survey by Lending Tree , nearly 70% of BNPL users admit to spending more on purchases when BNPL is an option than they do if they have to pay for everything upfront, bringing up the average value per order and resulting in higher profits for participating merchants.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

JULY 28, 2016

The financial technology and data analytics firm has traditionally focused on the consumer finance space in its lending operations. Stephen Cunningham was announced as Enova International’s new finance chief, reports this week said. Prior, he was at Discover as corporate treasurer and senior vice president.

Analytics 100

Analytics Lending Data Customer Experience 100

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

CFPB Monitor

JULY 17, 2019

As readers of our blog know, our consumer financial services group has been at the forefront of legal developments involving new technologies. Click here for more information about the team and its experience in providing regulatory guidance, advice on product development and transactions, and handling litigation.

Fintech 60

Fintech United States cryptocurrency Groups 60

PYMNTS

NOVEMBER 17, 2016

By creating a financial technology task force, the Commission said it is responding to the effects of digital innovations changing the banking industry. The force will be chaired by both DG Fima and DG Connect and will connect with market participants and delve into financial regulation, competition and consumer protection issues.

Fintech 100

Fintech Innovation Policies Industry 100

Celent Banking

FEBRUARY 28, 2017

Lending Product — for the most impressive consumer or business lending or collections initiative. Lending: Possibly threatened by alternative lenders, banks in this sub-category are improving the speed and convenience of loans for micro and small businesses. The submissions represented two approaches to Open Banking.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

Lending Product — for the most impressive consumer or business lending or collections initiative. Lending: Possibly threatened by alternative lenders, banks in this sub-category are improving the speed and convenience of loans for micro and small businesses. The submissions represented two approaches to Open Banking.

Innovation 100

Innovation Lending Boston Trends 100

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

PYMNTS

JULY 2, 2020

Payroll card provider Global Cash Card has reportedly lost its legal battle against the New York Department of Labor, which had imposed regulations on payroll card companies in an effort to protect employees against unfair fees. Global Cash Card’s Legal Saga Ends. Galileo Launches Contractor Pay Card.

Cards 208

Cards New York Capital Compliance 208

Gonzobanker

FEBRUARY 23, 2022

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. This figure could more than make up for the anticipated loss of NSF/OD income.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

PYMNTS

MAY 28, 2018

Take the latest example: Ant Financial Services Group on Wednesday (May 23) announced it would partner with China Everbright Bank and its FinTech subsidiary to “facilitate China Everbright Bank’s digital transformation,” Ant said in a press release. Morocco-based HPS hopes to ride the energy of PSD2 to expand in Europe with its technology.

Fintech 100

Fintech Examples Pennsylvania Lending 100

CFPB Monitor

MARCH 20, 2017

Supreme Court precedent for the OCC to issue an interpretive opinion or regulation interpreting Section 85 to address an issue that is being litigated and the Supreme Court has indicated that it can properly do so.

Conference 68

Conference New York City National New York 68

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers. Interagency fair lending task force.

Report 68

Report Big Data Lending Survey 68

CFPB Monitor

MAY 18, 2016

” The forum will bring together representatives from banks, financial technology companies, and community and consumer groups to discuss developments, opportunities, and challenges related to financial innovation. On June 23, 2016, the OCC will hold a forum in Washington, D.C.

Innovation 68

Innovation Washington Risk Management Fintech 68

PYMNTS

FEBRUARY 15, 2019

Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. Open Financial Technologies. India’s Open Financial Technologies raised $4.6 Chainalysis.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Urs Bolt

OCTOBER 17, 2018

Fintech to facilitate inclusive financial system establishment in China, say experts. China could improve its regulatory technologies. For example, implemented in an appropriate way, Blockchain technologies could support the exchange of personal data for client onboarding incl. Regulation. Tags Artificial intelligence.

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. Banks need to decide if they can be nimble enough to compete on their own or if they should develop technology partnerships. They become students of the game. Everything. Fintech Houses.

Innovation 60

Innovation Fintech social media Knowledge Base 60

CFPB Monitor

NOVEMBER 22, 2022

That Order directed the Secretary of the Treasury to issue a report assessing how the entry of large technology firms and other non-banks into consumer finance markets has affected competition. The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

Jessica Ellerm

FEBRUARY 25, 2016

On Wednesday Australia’s Prime Minister Malcolm Turnbull and Treasurer Scott Morrison jointly announced the launch of a new fintech advisory panel, bringing together bankers and fintech leaders alike, and tasking its members with the job of making Australia the leading force in financial technology within the APAC region.

Fintech 40

Fintech Lending US Policies 40

PYMNTS

JANUARY 27, 2021

In a newly-announced partnership, B2B payments solution provider Billtrust is working with integrated payment solution technology firm REPAY Holdings to streamline supplier payment workflows with a particular focus on expanding virtual card adoption. Adflex CEO Raises Commercial Card PSD2 Concerns.

Cards 237

Cards Capital Security Compliance 237

PYMNTS

NOVEMBER 29, 2016

The Problem With PayDay Lending . There is neither a shortage of controversial topics in financial services or financial technology nor a shortage of subjects that tend to polarize people. Time to recognize the importance of lending for consumers and small businesses and for making the economy go ‘round and ‘round.

Lending 100

Lending Regulation Groups Innovation 100

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

PYMNTS

JANUARY 21, 2019

One of the more recent examples comes from London-based financial technology startup Revolut , which is reportedly “the first London-based FinTech to receive a European banking license.” Revolut plans to offer digital checking and savings accounts, as well as lending, to consumers and businesses. Monzo , a U.K.-based,

Trends 185

Trends Payments Fintech Mobile 185

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. From their web site: Based in San Francisco, MarketX was founded by a group of experienced professionals from finance, legal, and technology backgrounds. International lending platform – Create opportunities for Investors.

social media 40

social media ATM Mobile Customer Experience 40

Gonzobanker

DECEMBER 19, 2022

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Goes to MVB Financial.

Community 216

Community Fintech Industry Innovation 216

Insights on Business

NOVEMBER 13, 2017

Imagine a scenario in which opacity and complexity have been removed from the financial services industry. Anyone with an idea of how we might conduct business better and more efficiently, be it in wealth management, lending, insurance, or payments, could bring it to life with ease.

Financial Technology 79

Financial Technology Technology Analytics Tools 79