CFPB Monitor

DECEMBER 5, 2019

In this podcast, we are joined by Tom Vartanian, who leads the Financial Regulation & Technology Institute of George Mason University Antonin Scalia Law School, to discuss his proposal for the President and Congress to establish a National Financial Technology Commission. Click here to listen to the podcast.

Financial Technology 60

Financial Technology National Technology Regulation 60

PYMNTS

FEBRUARY 16, 2017

According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.

Regulation 183

Regulation Capital Fintech Innovation 183

Perficient

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. The complete 60+ page guidance is available to readers here.

Management 221

Management Risk Management Regulation Compliance 221

PYMNTS

NOVEMBER 10, 2020

The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

cryptocurrency 167

cryptocurrency Regulation Bitcoin Colorado 167

American Banker

JANUARY 3, 2023

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Financial Technology 68

Financial Technology Technology Regulation Fintech 68

Payments Source

NOVEMBER 13, 2018

Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread.

Financial Technology 61

Financial Technology Technology cryptocurrency Regulation 61

PYMNTS

MARCH 20, 2018

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.

Regulation 130

Regulation Fintech Regional Guidelines 130

PYMNTS

SEPTEMBER 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending. The agency regulates, supervises and charters national banks and is an independent bureau within the Treasury.

Lending 100

Lending Regulation Conference Study 100

PYMNTS

JANUARY 26, 2021

When it comes to the Chinese government and its regulators, it’s hard to read the tea leaves. But it is also a major Chinese lender , and that has attracted negative attention from regulators. Problems with regulators hit full force in November when the Shanghai Stock Exchange acted to delay Ant Group’s plan to go public.

Regulation 238

Regulation Groups Financial Technology Online 238

The Paypers

DECEMBER 8, 2021

Australia has drafted a new roadmap to bring financial technology regulation into the modern age, allowing for more flexibility in the fintech and payments area.

Regulation 42

Regulation Fintech Financial Technology Technology 42

Bank Innovation

APRIL 30, 2018

EXCLUSIVE— As open banking sweeps through Europe with the launch of PSD2, GDPR, and other regulations focused on transparency, North American financial institutions might want to consider looking to blockchain or artificial intelligence for their own compliance challenges.

America 255

America Compliance blockchain Financial Technology 255

Perficient

DECEMBER 22, 2023

Looking Forward The OCC maintains a technology-neutral stance and supports continuing efforts by national banks and federal savings associations to explore safe and sound uses of new and emerging financial technology such as AI.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

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

American Banker

NOVEMBER 21, 2023

Penny Lee, president and CEO of the Financial Technology Association and Steve Boms, executive director of FDATA NA, explain what their members like about the proposed regulation and what they would change.

Data 64

Data Fintech Financial Technology Regulation 64

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

Payments Source

MARCH 1, 2019

the fast-growing financial technology startup, is facing regulatory scrutiny following an alleged compliance lapse that could have allowed illegal transactions on its app. Revolut Ltd.,

Compliance 65

Compliance Regulation Financial Technology Technology 65

PYMNTS

JANUARY 21, 2021

It all started in November when the Shanghai Stock Exchange acted to delay his Ant Group’s plan to go public, after he met with Chinese regulators. But China’s financial regulators are starting to view it as being more like a bank. Ma had reportedly dropped out of sight after his IPO was scrapped by Chinese regulators.

Regulation 140

Regulation Groups Video Online 140

Bobsguide

MAY 31, 2017

Here at bobsguide, we aim to keep you informed with the most important developments in finance and financial technology, and there is one particular theme that we find ourselves reporting on particularly often – how to deal with regulation changes. So that we can bring you the most relevant.

Regulation 60

Regulation Survey Financial Technology How To 60

Bobsguide

MAY 29, 2017

Here at bobsguide, we aim to keep you informed with the most important developments in finance and financial technology, and there is one particular theme that we find ourselves reporting on particularly often – how to deal with regulation changes. So that we can bring you the most relevant.

Regulation 60

Regulation Survey Financial Technology How To 60

Payments Source

DECEMBER 20, 2018

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

FDIC 62

FDIC Regulation Fintech Policies 62

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.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

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. Under the new regulations, the units would be limited to operating in China’s Chongquing municipal region. China TransInfo Technology Corp.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

FEBRUARY 7, 2020

The Strong Customer Authentication (SCA) regulations say a bank has to verify a person’s identity whenever they make a payment that totals 100 euros ($109.45). A digital bank called Bó , started by Royal Bank of Scotland (RBS), has had to issue 6,000 new cards because of the new regulation.

Cards 204

Cards Regulation Digital Banking Maine 204

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. UK, EU Begin Negotiations Over Financial Services Regulation. Mobile Wallet Provider Mynt Pulls in $175 Million in Funding.

Video 130

Video United States Mobile Payments 130

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

Chris Skinner

MAY 12, 2017

He is also one of the Top 5 most influential people on BankInfoSecurity’s list of information security leaders, as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal. Regulators are also working with startups, which is what the regulatory sandboxes are all about.

Regulation 255

Regulation Capital Fintech Innovation 255

Accenture

MARCH 30, 2016

I still hear a lot of rationalizations for why financial technology (fintech) won’t fundamentally change the banking industry. They range from “it’s all hype and no revenue” to “wait ‘til they get big enough for the regulators to go after. Read more.

Fintech 150

Fintech Financial Technology Regulation Industry 150

PYMNTS

MARCH 26, 2019

The organization will “provide bank leaders with a high-level platform to establish clear points of contact with senior representatives and thought leaders from the financial technology industry and consumer organizations,” the statement said. The group plans to hold its first meeting on April 1.

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Groups Fintech New York Financial Technology 135

Bobsguide

MARCH 21, 2022

About the FTF News Technology Innovation Awards. The annual FTF News Technology Innovation Awards program celebrates and recognizes the professionals, financial technology vendors, service providers, industry bodies, and regulators that have made significant strides and noteworthy achievements in operational excellence during the past year.

Innovation 147

Innovation Technology Risk Management Analytics 147

The Paypers

APRIL 29, 2020

The People’s Bank of China (PBoC) has announced that it is expanding its financial technology regulations to six new cities.

Regulation 28

Regulation Financial Technology Fintech Technology 28

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

Payments Source

FEBRUARY 2, 2021

billion in profit in the quarter right before Chinese regulators brought down the hammer on the financial technology giant’s record public offering and ordered it to scale back its sprawling business. illionaire Jack Ma’s Ant Group delivered about $2.3

Financial Technology 76

Financial Technology Groups Regulation Technology 76

PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). Tech-based solutions in financial services have experienced wide scale adoption in the U.K.,

Fintech 174

Fintech Ohio Financial Technology Innovation 174

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Late last week, the U.S. But they have not provided lenders and banks with specific guidance on using the data in underwriting.

Lending 150

Lending Fintech Data Wyoming 150

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

The Paypers

AUGUST 29, 2018

(The Paypers) FINMA , a Switzerland-based financial regulator, has announced plans to loosen anti-money laundering rules for smaller financial technology companies, according to Reuters.

Regulation 28

Regulation Fintech Financial Technology Technology 28

The Paypers

NOVEMBER 2, 2017

(The Paypers) Financial regulators in Australia and Switzerland have agreed a deal designed to support innovation in the use of financial technology.

Regulation 28

Regulation Fintech Financial Technology Innovation 28