PYMNTS

OCTOBER 11, 2018

Mitek Systems , the financial technology provider to banks, is pushing back from a takeover offer from Elliott Management , the hedge fund and ASG Technologies , the software company. It also wants to increase the development of Mitek’s technology that helps banks verify the identities of customers.

System 108

System Technology Management Montana 108

PYMNTS

DECEMBER 23, 2020

That arm of the financial technology (FinTech) giant offers a virtual credit card. Chinese regulators are looking to strengthen the rules for FinTechs. The Chinese government’s action took place after a falling out between regulators and Alibaba billionaire Jack Ma. The company did not elaborate.

Groups 242

Groups Cards Regulation Fintech 242

PYMNTS

JANUARY 13, 2021

Plus, the United Kingdom and the European Union are set to begin discussions on financial services sector regulation now that Brexit has been affected. Globe Fintech, which is called Mynt, said Bow Wave Capital Management and existing investors took part in the fundraise.

Video 130

Video United States Mobile Payments 130

Bobsguide

MARCH 21, 2022

Igor Tsitavets, CompatibL’s President and CEO, says: “We are honored to be shortlisted at this year’s FTF News Technology Innovation Awards. About the FTF News Technology Innovation Awards. The post CompatibL Shortlisted for the FTF News Technology Innovation Awards 2022 appeared first on Bobsguide.

Innovation 147

Innovation Technology Risk Management Analytics 147

Bobsguide

JULY 3, 2022

Leading fintech company, AutoRek, is delighted to have been recognised at the Systems in the City Financial Technology Awards 2022 in both the ‘Best CASS Solution’ and ‘Best Wealth Management Solution’ categories and are excited to have achieved the accolade ‘Best CASS Solution’ for the third consecutive year.

System 78

System Fintech Financial Technology Regulation 78

PYMNTS

NOVEMBER 2, 2020

The People’s Bank of China (PBOC) and regulators from three Chinese agencies are interviewing Ant Group Founder Jack Ma, Chairman Eric Jing, and CEO Simon Hu about the upcoming $37 billion initial public offering (IPO), according to a Financial Times report on Monday (Nov. Shares are scheduled to begin trading on Thursday (Nov.

Groups 131

Groups Regulation Financial Technology Report 131

PYMNTS

APRIL 16, 2019

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

Fintech San Francisco National Innovation 211

PYMNTS

APRIL 23, 2020

Cannabis operations that partnered with Hypur to leverage the company’s financial technology can tap into the digital HypurPay app to access a safer and more convenient payment environment. Hypur serves more than 600 clients throughout the country and has over 25 partnerships with banking and financial institutions.

Payments 181

Payments Risk Management ATM Resources 181

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). Brex said the new funding would be used for engineering and design to advance its tools for expense management and procurement.

FDIC 166

FDIC Kansas City San Francisco Missouri 166

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

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. A similar dispute has also risen stemming from accounts receivable from Suning as well.

Fraud 128

Fraud Regulation Report Management 128

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.

Industry 190

Industry Big Data Fintech Taxes 190

PYMNTS

SEPTEMBER 16, 2020

As a result, companies can reduce the complexity of their digital invoice management at scale. Businesses can also harness flexible application programming interface (API) integrations or file uploads to reduce interruptions to existing procedures in enterprise resource planning software (ERP) and other financial technologies.

Taxes 163

Taxes Compliance Software Resources 163

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

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

PYMNTS

OCTOBER 9, 2019

Germany’s state-owned savings and cooperative banks are moving forward with discussions that could create a powerful financial association with $286 billion in assets and a staff of 11,000, the Financial Times reported on Wednesday (Oct.

Regional 108

Regional Regulation System Financial Technology 108

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

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. As a national charter, the bank can offer credit and cash-flow management, the company said. Varo Bank N.A.

National 172

National Fintech San Francisco Connecticut 172

PYMNTS

OCTOBER 29, 2018

According to the report, the investments were prompted by Todd Combs, a portfolio manager at Berkshire. Berkshire has historically shied away from technology investments, because Buffet said it was out of its area of expertise, noted the paper. Paytm is India’s biggest digital payments company.

Fintech 139

Fintech Capital Financial Technology Industry 139

PYMNTS

JULY 27, 2020

While the Federal Trade Commission plays a role in identifying card fraud, the industry relies, in part, on self-regulation, especially outside the U.S. As investigators identify the nature of Wirecard’s activities, one focus is on its practice of managing payments for merchants other companies would avoid.

Report 151

Report Fraud Cards Financial Technology 151

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

PYMNTS

SEPTEMBER 11, 2019

Financial technology company Dwolla has announced it is teaming up with global payments platform Currencycloud so that its clients can facilitate international payments. Launched in 2012, London-based Currencycloud is regulated in Europe, the U.S. This partnership allows our customers to get the best of both worlds.

Payments 129

Payments United States Fintech Customer Experience 129

PYMNTS

FEBRUARY 16, 2017

“We are delighted to partner with Filene to explore how credit unions can leverage trends in mobile banking and other technological interventions,” said IMTFI Director Bill Maurer, dean of UCI’s School of Social Sciences, in a press release announcing the initiative.

Fintech 108

Fintech Financial Technology California Study 108

Bobsguide

JUNE 7, 2016

After news that the Financial Conduct Authority is launching a regulatory sandbox, it poses the question of whether or not financial technology should be regulated and in turn, increases concerns about whether money management systems should be considered financial products or technology.

Fintech 60

Fintech Financial Technology Regulation System 60

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. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business.

Community Bank 118

Community Bank Strategy Risk Management Fintech 118

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

JULY 2, 2020

EedenBull, which is based in Norway, Scotland and Singapore, launched its commercial card platform in May to support financial institutions’ management of their own business cards and integrated rewards programs. Global Cash Card’s Legal Saga Ends. Global Cash Card’s Legal Saga Ends.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

PYMNTS

OCTOBER 16, 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. banks have to analyze AML regulations before even beginning to innovate, and the rules in question change often.

Compliance 123

Compliance Fraud Study Digital Banking 123

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

Chris Skinner

FEBRUARY 8, 2017

While London could boast “one of the best fintech investment scenes in the world”, thanks to government support and “enlightened regulators”, the capital could be “challenged as a global financial centre” if tech talent was forced to move abroad, he said.

Fintech 150

Fintech Capital Innovation US 150

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

MAY 22, 2018

Among the speakers was Graham Taylor, Vodafone’s assistant treasurer, who emphasized the potential for PSD2 regulations to have a profound impact on corporate cash management and payments. Most global treasurers surveyed said they plan to invest in technology and automation, as well as cybersecurity, in the coming year.

Fintech 122

Fintech Conference Survey Management 122

PYMNTS

JULY 19, 2018

Traditional banks and other financial institutions are undergoing tremendous pressure right now to compete in an environment where they are faced with enormous scrutiny from government regulators looking to mitigate risk. Using API technology, customers can integrate Santander’s cash management solutions into existing ERP systems.

Fintech 117

Fintech blockchain Technology Examples 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

JANUARY 24, 2018

It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. The China Banking Regulatory Commission (CBRC) reportedly published a paper last week that discusses the regulation of various financial technologies, including blockchain.

blockchain 133

blockchain Fort Worth Bitcoin Regulation 133

PYMNTS

MAY 31, 2016

In a buying spree that began on Friday (May 27) and carried on through the four days since, Chinese investors managed to push the price of bitcoin up by 16 percent. Bitcoin offers a unique opportunity to those Chinese investors, as strict regulations in their nation otherwise make it hard for Chinese nationals to move money around abroad.

Bitcoin 100

Bitcoin National Financial Technology Regulation 100