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Global Regulators Work Together On Blueprint For FinTech ‘Sandbox’

PYMNTS

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. So far, only 13 of the bloc’s 28 members have set up sandboxes.

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Germany’s State-Backed Banks Advance Merger Discussions

PYMNTS

Talks between Frankfurt bank Helaba and asset manager Deka were sparked by regional banking heads. Landesbanken are regional, wholesale-focused institutions that serve the local savings banks, or Sparkassen, and are co-owned by the Sparkassen and regional government.

Regional 108
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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region. In reference to outsourcing risk, she said management of that risk “appropriately reflects the present-day business realities of the banks we supervise.” The Fed And FinTech Firms.

Fintech 211
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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

Mastercard and Eedenbull are broadening their existing partnership into the Asia Pacific region in a move that sees Mastercard supporting EedenBull’s commercial card platform offered to banks. Global Cash Card’s Legal Saga Ends. Galileo Launches Contractor Pay Card.

Cards 208
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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 194
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NEW REPORT: How Banks Are Driving API-First Strategies

PYMNTS

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
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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

PYMNTS

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . The BCB has officially unveiled details of its newly developed blockchain platform, Pier, designed to facilitate information exchange between financial regulators.