PYMNTS

OCTOBER 10, 2019

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. The regulator made the remarks at the Finopolis forum of innovative financial technologies.

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PYMNTS

JANUARY 19, 2021

In today’s top payments news around the world, the United Kingdom is looking to crack down on firms that take too long to pay suppliers, while Grab is said to be mulling a U.S. Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. initial public offering (IPO).

US 133

US Payments Resources National 133

PYMNTS

OCTOBER 23, 2019

New York’s federal district court ruled that the U.S. Office of the Comptroller of the Currency (OCC) does not have the power to grant national charters to financial technology (FinTech) companies, The Wall Street Journal reported on Tuesday (Oct. Financial institutions in the U.S.

Fintech 101

Fintech New York National Regulation 101

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. Airtel runs throughout 18 nations in Africa and South Asia with a mobile network that covers over two billion individuals.

Video 130

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PYMNTS

JANUARY 13, 2021

In today’s top digital-first banking news, Singapore tech startup Sea has reportedly bought Indonesia’s PT Bank Kesejahteraan Ekonomi (Bank BKE), while credit union service organization (CUSO) PSCU has lengthened its payment processing collaboration with Fiserv. Plus, Vietnam’s MoMo has notched $100 million from a collection of six investors.

Digital Banking 141

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Bobsguide

APRIL 30, 2018

National and regional interests have helped to determine the shape of financial regulations in recent years, but politicians and regulators have acknowledged the need to consider the global nature of markets when constructing them. It could be good news for financial technology providers.

Fintech 68

Fintech Regional Regulation Financial Technology 68

PYMNTS

JANUARY 20, 2021

Clients of JAGGAER who harness TransferMate for cross-border transactions will be able to reserve a real-time exchange rate before transmitting the funds to a TransferMate account in their own nation or jurisdiction, the announcement stated. TransferMate, in turn, will deliver the money to the recipient in the target nation.

National 142

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PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . 21) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins. Allaire said this has been a long time coming.

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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.

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Fintech San Francisco National Innovation 211

PYMNTS

FEBRUARY 24, 2020

Consolidation of this kind has been sweeping the financial technology sector as of late, with Intuit’s deal just the latest example. The deal lays bare the growing need for financial services groups to accumulate data. The company is now worth more than $74 billion.

Financial Technology 150

Financial Technology Data Software National 150

PYMNTS

OCTOBER 30, 2019

The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. Blockchain’s future is here, but we must remain rational,” he said, according to state-run news outlet the People’s Daily.

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PYMNTS

JANUARY 7, 2019

Welcome to The Axis, your late look at payments news from around the world. Digital financial technology company Wirecard and online travel agency Ctrip are rolling out multi-currency Visa cards to Ctrip customers in China, Wirecard said in an announcement. In addition, U.K. In the U.K.,

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PYMNTS

AUGUST 28, 2019

As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country.

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PYMNTS

NOVEMBER 21, 2019

In other Binance news, the crypto exchange announced that it has acquired India-based bitcoin exchange WazirX , which will allow customers to buy and sell crypto with Indian rupees on the Binance Fiat Gateway. “We do not have an office in Shanghai.”.

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PYMNTS

MAY 27, 2020

The company said the account is secure and offers rewards for savers with higher interest relative to the national average of transactional accounts. Our partnership with Samsung is really an extension of our ability to reach people to help them achieve financial independence and get their money right,” Noto told the network.

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PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

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PYMNTS

FEBRUARY 25, 2019

Identity Devices also formed a recent multi-year partnership with Fingerprint Cards (FPC) that aims to enhance the security of the Internet of Things (IoT) ecosystem with biometrics, increasing the use of biometrics in IoT and financial technology markets. Deep Dive: Making National IDs Biometric-Friendly. About the Tracker.

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PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. The company has rolled out its service in the U.K. and Sweden, it noted.

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PYMNTS

SEPTEMBER 16, 2020

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.

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PYMNTS

FEBRUARY 16, 2020

Freire added that Argentina, Brazil, Chile, Colombia and Mexico “are in the spotlight,” and there’s no “preset amount by nation.”. Softbank’s move into Latin America is also looking at artificial intelligence (AI) startups that apply the technology to food-related businesses, particularly plant-based food.

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Fintech America Regional Capital 174

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The McKinsey observances also came amid news this week that SimbaPay , based in the U.K.,

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PYMNTS

SEPTEMBER 16, 2019

As a major tourist and business destination, China receives hundreds of millions of travelers every year, which means that the scope of our solutions will also address non-Chinese nationals and enable them to pay with UnionPay nationwide.”. Larry Wang, vice president at UnionPay International, said he was excited about the partnership.

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PYMNTS

OCTOBER 9, 2019

In other news, the SIX Digital Exchange (SDX) announced that it is joining forces with the Swiss National Bank (SNB) on a proof of concept to look into how digital central bank money could be used in the settlement of tokenized assets between market participants.

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PYMNTS

NOVEMBER 15, 2018

Maxime de Nanclas, COO and co-founder of Mobeewave, said, “Securing strategic funding from organizations with a proven track record of supporting innovation, especially financial technologies, will enable Mobeewave to continue to grow, [and] develop new product offerings and business partnerships.

Mobile 199

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PYMNTS

NOVEMBER 14, 2017

to keep pace with nations like the U.K. In other nations, faster payments plans have gotten more traction after banks were ordered by their governments to speed things up — usually after problems with the older, slower system emerged. The upgrade to the system also allows the U.S. Progress in the U.S.

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PYMNTS

JULY 31, 2018

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. financial technology efforts. Treasury Department. FinTech Sandboxes.

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PYMNTS

AUGUST 7, 2018

national co-lead partner, venture capital practice. “At The Office of the Comptroller of the Currency has said in the past week that it has invited FinTechs to seek national charters. But that means some of the upstarts could operate without having to tie up with traditional financial firms.

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Fintech National Course Capital 101

TheGuardian

FEBRUARY 27, 2021

Watering-down stock market rules might sound outrageous, but the success of these companies matters to the market Financial technology, or fintech, firms like to present themselves collectively as the very model of a 21st-century industry: slick, disruptive, growing rapidly and vital for national prosperity.

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PYMNTS

JULY 12, 2020

Once a rising star on the world stage, the $28 billion financial technology giant declared insolvency last month, the equivalent of a bankruptcy filing in the U.S.; “Even if BaFin lacked certain regulatory competencies to crack down on Wirecard, it at least should have flagged this issue much earlier.”.

Fraud 156

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PYMNTS

JUNE 26, 2020

Valdis Dombrovskis , the European Union’s (EU) executive vice-president in charge of financial services policy, said Wirecard’s collapse threatens investor trust in the EU, the newspaper reported.

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PYMNTS

DECEMBER 10, 2019

CCUA was the first national, CU-governed organization in Canada. In March, Canadian financial technology provider Central 1 started linking its credit union customers to a new solution designed to streamline accounts receivable for small businesses.

Google 131

Google Cards Regional System 131

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate existing legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Fintech 117

Fintech National Regulation Innovation 117

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate exiting legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Fintech 101

Fintech Cyber Security National Regulation 101

PYMNTS

OCTOBER 9, 2020

Company Co-Founder and Partner Dana Settle told Bloomberg that Greycroft plans to use the fresh funds to invest in retail-oriented businesses, although it's also interested in working with health technology, financial technology and grocery-related businesses. Salesforce Ventures .

San Francisco 196

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PYMNTS

SEPTEMBER 18, 2019

It also will discuss how to deal with potential problems and challenges that come from using digital financial technologies. Germany’s national central bank, the Bundesbank , is also in talks with officials in Berlin about the development of digital currency.

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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 Swiss National Bank is also looking into digital currencies.

Fintech 116

Fintech cryptocurrency Regulation System 116

PYMNTS

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. The Hubs will initially launch in Basel and Hong Kong, while a third Hub is set for Singapore.

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Innovation Trends Technology America 155