PYMNTS

JULY 15, 2020

The report comes as a number of big banks have also reported trading volumes are up as they report their earnings. In regards to the company’s recent filing for a national bank charter, Noto said, “Being a national bank would really be critical strategically. Our total users have nearly tripled since January.

Samsung 162

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PYMNTS

AUGUST 27, 2019

The American Bankers Association (ABA) implored the National Credit Union Association (NCUA) to withdraw a proposal that would allow federal CUs to have 50 percent of their deposits come from other CUs and government entities, boosting the current 20 percent cap. percent in the U.K. CUs are facing more scrutiny in the U.S.,

Data 122

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PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported. of India (NPCI). of India (NPCI). percent business stake per news in January.

San Francisco 186

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PYMNTS

FEBRUARY 24, 2020

24), according to published reports. Consolidation of this kind has been sweeping the financial technology sector as of late, with Intuit’s deal just the latest example. One of those deals involved Fidelity National Information Services’ purchase of payment processor Worldpay for around $50 billion.

Financial Technology 150

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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.

cryptocurrency 108

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PYMNTS

JUNE 29, 2020

s proposed Libra, CoinDesk reported. While some cryptocurrencies, such as security tokens, are regulated by European law, most stablecoins, are not, CoinDesk reported. Villeroy de Galhau said the plans were not because of Facebook’s Libra, but because of the speed of technology and the desire for digital currency by some banks.

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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 Innovations of the Philippines, which is Globe Telecom’s financial technology division that runs the GCash digital wallet, has raised $175 million in further venture funding.

Video 130

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PYMNTS

JANUARY 19, 2021

Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. Western Union allows for cross-currency, international transfers in 200 nations and territories. Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion. The pricing, scope and timing of the arrangement have not been set.

US 133

US Payments Resources National 133

CFPB Monitor

NOVEMBER 22, 2022

The Treasury Department has released a report entitled “ Assessing the Impact of New Entrant Non-bank Firms on Competition in Consumer Finance Markets.” The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

PYMNTS

JANUARY 13, 2021

As it stands, PSCU works with CUs throughout the nation and helps with more than 5.4 Financial technology has become a quickly expanding vertical in the country of almost 100 million, with the COVID-19 health crisis having moved shopping activity online and left consumers seeking contactless payment choices.

Digital Banking 141

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PYMNTS

FEBRUARY 16, 2020

billion, Bloomberg reported on Friday (Feb. We are focused on investing in companies that could achieve long-term profitability,” Andres Freire, a managing partner and head of SoftBank’s Southern Cone region, said during a roundtable with reporters in Buenos Aires. .

Fintech 174

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PYMNTS

JUNE 26, 2020

Brussels is seeking an investigation into the Federal Financial Supervisory Authority ( BaFin ), Germany’s financial regulatory authority, for its failure to supervise Wirecard, the Financial Times reported. We need to clarify what went wrong.”. A mid-July deadline for a reply from ESMA has been set, he added.

Regulation 152

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PYMNTS

APRIL 9, 2020

Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. Sila Raises Funding to Nix ACH. and Sweden, it noted.

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PYMNTS

JULY 12, 2020

The Financial Times (FT) reported there was one conversation between the two men that took place on Braun’s 50th birthday in November and an earlier talk in September. 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.;

Fraud 156

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PYMNTS

MAY 27, 2020

The coronavirus-driven market downturn has prompted investing by younger people who see it as an opportunity, the report said, noting a number of other online brokers have also seen an increase in new investor accounts this year. Since then, it has expanded its financial products to offer personal and mortgage loans.

Samsung 131

Samsung San Francisco National Millennials 131

Perficient

JULY 11, 2022

Affirm says on its website that it sometimes reports users’ payment history to Experian, and it “may report loans with delinquent payments.” This illusion of feeling more financially secure than one is that often comes with using BNPL services is where they garner a lot of criticism, however.

Fintech 474

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PYMNTS

FEBRUARY 16, 2017

Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. Reports said the paper follows recommendations by a government committee exploring how to sustain Singapore’s overall economic growth at an average of 2–3 percent.

Regulation 183

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PYMNTS

AUGUST 28, 2019

As reported by AltFi , the People’s Bank of China (PBOC) has said that the sector represents a “new” growth engine. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.”

Fintech 172

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Let's Talk Payments

NOVEMBER 1, 2016

Despite the common perception of North America being the most advanced and innovative financial technology market (thanks to Silicon Valley, New York, Vancouver and Toronto), the latest report on the.

Innovation 40

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Payments Source

APRIL 6, 2017

Big banks may have scoffed when a gaggle of financial technology upstarts promised to reinvent their business. Now they want to buy them.

Report 69

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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 sandbox, Reuters reported, has four phases. FinTech Efforts In Africa.

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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. That’s not hubris,” he said.

Fintech 116

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PYMNTS

JANUARY 14, 2021

Our customers need financial technology tools that align with their personal and business needs,” Wells River Savings Bank Chief Financial Officer and Chief Operations Officers Judy Lavely said in the announcement.

Vermont 157

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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

SEPTEMBER 18, 2019

17) about proposed cryptocurrencies like Facebook’s Libra and said Berlin would reject them, according to a report by Reuters. Speaking about stablecoins, which are cryptocurrencies backed by more traditional financial products, like fiat currency, securities or gold, Scholz said, “We cannot accept a parallel currency.

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South State Correspondent

AUGUST 22, 2023

How to Get More Help with Treasury Management After partnering with Paramount Financial Technologies and interviewing hundreds of banks about their treasury management platform, we have compiled data to help banks benchmark their positioning in order to derive a roadmap for improvement.

Management 195

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PYMNTS

DECEMBER 24, 2020

Square, for example, said in its latest earnings report that revenue from bitcoin trading came to $1.6 As reported, the company also said bought $50 million of bitcoin to hold on its balance sheet. But as with any nascent payments technology, the bad guys are always lurking – especially with cryptos, where anonymity is prized.

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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

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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. JD.com, Suning.com Spark Concerns. Noah, however, claims that it had verified all documentation with JD.com.

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PYMNTS

NOVEMBER 21, 2018

By its very nature, the market of cross-border payments presents a significant opportunity for financial authorities around the world to collaborate as they make it easier for money to move between each others’ markets. Reuters reported earlier this month that the Financial Stability Board (FSB) counted a 4.1

Payments 123

Payments Innovation National System 123

PYMNTS

JANUARY 7, 2019

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. With the deal, the combined group will be headed up by Nets A/S CEO Bo Nilsson, and Concardis Group CEO Robert Hoffmann will report to Nilsson.

Cards 168

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PYMNTS

SEPTEMBER 6, 2019

Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week. Yelo also plans to expand its team and invest in product development and sales, reports said. Aspire Financial Technologies.

Fintech 155

Fintech Capital Lending Operations 155

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. Additionally, the report calls upon the U.S.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

AUGUST 23, 2019

FinTech service provider WEX signed on with Phillips 66 to handle exclusive private label and universal fleet card services, Verdict reported on Wednesday (Aug. WEX focuses on delivering financial technology services across multiple industries including fleet, travel and healthcare.

United States 100

United States Cards Branding Payments 100

PYMNTS

DECEMBER 4, 2018

driven by economic strength, government policy and continued efforts among the financial technology (FinTech) and financial services (FinServ) communities to introduce new tools for entrepreneurs — to make running their businesses easier, more efficient and more profitable.

America 125

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PYMNTS

JUNE 20, 2019

It reportedly has already found backing from over a dozen companies, including Visa, Mastercard, PayPal Holdings and Uber Technologies on it. Powell added that the Fed meets “with a broad range of financial sector firms all the time on financial technology.”.

cryptocurrency 108

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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. “As

Bitcoin 116

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