PYMNTS

DECEMBER 23, 2020

That arm of the financial technology (FinTech) giant offers a virtual credit card. The company said that the move was an effort to promote more “rational” spending habits among users, Reuters reported. Chinese regulators are looking to strengthen the rules for FinTechs. The company did not elaborate.

Groups 242

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Perficient

DECEMBER 22, 2023

While recognizing the potential benefits AI offers to both consumers and banks, the OCC remains vigilant about associated risks.

Risk Management 221

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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. Bloomberg reported Thursday (Jan. But China’s financial regulators are starting to view it as being more like a bank. That was then.

Regulation 140

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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. UK, EU Begin Negotiations Over Financial Services Regulation. 26, according to the report. Mobile Wallet Provider Mynt Pulls in $175 Million in Funding.

Video 130

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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

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PYMNTS

FEBRUARY 7, 2020

The European Union has issued new rules for contactless payments, which has caused confusion and forced one digital bank to issue new cards, according to a report in the Telegraph. 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).

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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

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

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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

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PYMNTS

JULY 17, 2020

As the one-time darling of Europe’s financial technology (FinTech) community faces insolvency with the debt of nearly $4 billion, some lenders said there are few buyers willing to pay cents or euros on the debt. Once a $28 billion FinTech leader, Wirecard has reported debt of nearly $4 billion after it revealed that $2.1

Fraud 150

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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. The agencies each stated that they plan to take action to address GAO’s recommendations,” reports said. Late last week, the U.S.

Lending 150

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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

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PYMNTS

JUNE 29, 2020

billion accounting scandal, but restrictions on the collapsed German payments company will stay, Reuters reported. “We We cannot lift the restrictions without reassuring ourselves that the firm has been able to satisfy all our concerns, for example that all clients’ money is safe,” the Financial Conduct Authority (FCA) said in a statement.

Taxes 223

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PYMNTS

JULY 7, 2020

The court-appointed administrator guiding Wirecard AG’s insolvency said dozens of investors have emerged to buy what’s left of the Munich-based payments company, Reuters reported. Jaffe said sale processes are underway for other international holdings as well as Wirecard’s core business, the news service reported.

Fraud 191

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Chris Skinner

MARCH 19, 2018

I had a chat with The Financial Times the other day, and provided lots of background as to why I don’t think cryptocurrencies are the choice of criminals.

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PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

Lending 199

Lending Meeting Groups Regulation 199

PYMNTS

FEBRUARY 14, 2020

STC Pay, a digital wallet that is part of the Saudi Telecom Company, has teamed up with payments company Moven Enterprise to launch a new challenger bank in the country, according to reports. STC Pay, which does financial technology work for both companies and individuals, works with the Saudi Arabian Monetary Agency.

Regional 222

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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 fact is that the financial system … is the most heavily regulated part of the economy. He said that regulation is an important aspect of the field.

Fintech 116

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CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. Big data report. In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers.

Report 68

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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

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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

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PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo!

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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. Regulators Step In. JD.com, Suning.com Spark Concerns.

Fraud 128

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PYMNTS

OCTOBER 1, 2020

Big British firms could encounter penalties or fines if they don’t provide payment to smaller vendors on schedule with new regulations under consideration by the government. Kakao Pay is reportedly set to be the first South Korean financial technology firm working with mobile payments to undertake an IPO.

Payments 130

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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

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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.;

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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. government, joining just a few recipients since the 2008 financial crisis, Bloomberg News reported.

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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.

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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.

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PYMNTS

JANUARY 26, 2017

Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. The firm released its 2017 Payments Outlook report last week and made some conclusions that B2B FinTech players may find disappointing. B2B Payments Outlook.

Innovation 100

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PYMNTS

MAY 21, 2019

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We A survey by EHI Retail Institute showed that last year, card payments made up 48.6 percent.

Digital Strategies 122

Digital Strategies Cards Technology Regulation 122

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.

National 100

National cryptocurrency Study Comparison 100

PYMNTS

APRIL 16, 2019

. “This will also allow us to share experiences and information related to FinTech … and reap the benefits of the new innovation in financial technology, enhance payment systems and promote financial inclusion,” said National Bank of Singapore Deputy Governor Neav Chanthana of the partnership.

Fintech 211

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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

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.

cryptocurrency 258

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CFPB Monitor

JANUARY 13, 2020

The governors of California and New York have both proposed to expand the authority of their respective state’s consumer financial services regulator. Licensing and examining new industries “that are current under-regulated”. Establishing a new Financial Technology Innovation Office. California.

CA 78

CA California New York Regulation 78