PYMNTS

JANUARY 24, 2020

However, Japan is not likely to issue crypto in the near future because of the legal and technical obstacles, Reuters reported. The news comes after it was reported that the People’s Bank of China (PBOC), the central bank of China, said it had completed the “top-level” design of its proposed cryptocurrency.

cryptocurrency 252

cryptocurrency Financial Technology Report Groups 252

PYMNTS

NOVEMBER 17, 2020

Open banking lets third-party financial service companies to have access to a consumer’s banking transactions and other financial data from financial institutions (FIs). Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company. banking license.

San Francisco 264

San Francisco Digital Banking Financial Technology Innovation 264

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. It reported nearly $4 billion of debt to creditors, after it revealed that $2.1

Regulation 141

Regulation Guidelines Groups Report 141

PYMNTS

AUGUST 2, 2020

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., for help, The Wall Street Journal (WSJ) reported. Rosati got a $30,000 PPP loan from a financial technology company and transferred the funds to Grasshopper Bancorp Inc. ,

Minneapolis 173

Minneapolis Denver New York Capital 173

PYMNTS

JUNE 29, 2020

s proposed Libra, CoinDesk reported. Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency. While some cryptocurrencies, such as security tokens, are regulated by European law, most stablecoins, are not, CoinDesk reported.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

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

Regulation Capital Policies Course 152

PYMNTS

JUNE 23, 2020

Ex-Wirecard CEO Markus Braun was arrested Monday night (June 22) in the latest chapter that has rocked the German payment services provider, the Financial Times reported. Braun allegedly committed the scam with others, investigators said, but no one else had been named at press time, according to the report. billion euros ($2.1

Fraud 318

Fraud Analytics Report Financial Technology 318

PYMNTS

JULY 26, 2020

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.

Data 173

Data Google Fintech Groups 173

PYMNTS

OCTOBER 23, 2018

SBI President and CEO Yoshitaka Kitao said in the announcement that signatures based on MPC “offered our desired level of security, performance and scalability needed to manage transactions for our growing SBI Virtual Currencies customer base.”. With the company’s Earn product, consumers will be able to get interest on stablecoin holdings.

Bitcoin 191

Bitcoin blockchain Groups System 191

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 1, 2020

percent reporting in the PYMNTS Credit Union Innovation Index that they would switch financial institutions (FIs) due to a lack of innovation. CUs are also employing technologies for security and for consumer satisfaction. How USSFCU Secures Its Digital Infrastructure Makeover. This is a jump from the 17.3

United States 181

United States Innovation Online Tools 181

PYMNTS

JULY 6, 2020

Paytm, the eCommerce payment system and financial technology company based in India, has announced plans to purchase Raheja QBE General Insurance Co. Last fall, Paytm had a deal to secure $2 billion in a new financing round in preparation for competition with other payment services, including Facebook’s Libra and Flipkart’s PhonePe.

Financial Technology 181

Financial Technology Strategy Groups Innovation 181

PYMNTS

APRIL 21, 2020

The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up commission-free trading there. The new Hong Kong-based SoFi Invest will also offer “automated investing” along with financial advice and education, per a press release announcing the expansion.

San Francisco 130

San Francisco Innovation Fintech Security 130

PYMNTS

OCTOBER 1, 2020

Kakao Pay is reportedly set to be the first South Korean financial technology firm working with mobile payments to undertake an IPO. It reportedly selected KB Securities Co. Plus, SWIFT rolled out a services for low-value international payments. UK Cracks Down On Late Payments To Suppliers. as the top IPO advisor.

Payments 130

Payments Fintech Google Financial Technology 130

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

OCTOBER 2, 2019

If there is no Tether, we lose a massive amount of daily volume — around $1 billion or more depending on the data source,” Lex Sokolin, global financial technology co-head at ConsenSys, said, according to Bloomberg. Companies that offer or sell securities to U.S. A number of U.S.

Bitcoin 141

Bitcoin San Diego cryptocurrency Security 141

PYMNTS

DECEMBER 18, 2020

financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The firms were especially interested in deploying automated and advanced learning technologies. Such modernizations could help financial departments process invoices more quickly and easily.”.

Payments 160

Payments Cards Report Tools 160

PYMNTS

SEPTEMBER 24, 2019

23) in a $70 million bank fraud scheme that left hundreds of small businesses across the country scrambling, The Wall Street Journal reported. Mann did not enter a plea and was released on a $200,000 bond secured by his home and two cars.

Fraud 133

Fraud United States New York Financial Technology 133

PYMNTS

NOVEMBER 5, 2018

Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in China Daily on Friday (Nov. Tencent is collaborating with Linklogis to build the solution, reports said. B2B is not in our blood.

blockchain 151

blockchain Meeting Operations Financial Technology 151

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

Taxes Report Financial Technology Digital Banking 223

PYMNTS

SEPTEMBER 5, 2018

Intel Secures AI Partnerships f or FinServ, Supply Chains. Baidu’s cloud solution will integrate Intel’s Xeon Scalable processors, as well as Intel’s Math Kernel Library for Deep Neural Network technologies, to develop financial technologies for banks in China. Amazon Rolls Out Support f or Hindi i n India.

social media 100

social media Financial Technology Technology Payments 100

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

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

Fraud Financial Technology Meeting Report 191

PYMNTS

JANUARY 21, 2021

Globe Telecom’s financial technology division, Globe Fintech Innovations of the Philippines, notched $175 million in additional venture funding in January. Securities and Exchange Commission (SEC). Ant-Backed Mynt Seeks More Funding On Heels Of $175 Million Round. billion market cap.

Policies 149

Policies Payments Groups Bitcoin 149

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

Fintech Analysis Guidelines Data 172

PYMNTS

JANUARY 7, 2019

“The Bureau of Consumer Financial Protection ( BCFP ) and federal banking regulators have monitored FinTech lenders’ use of alternative data by collecting information and developing reports on alternative data,” said the GAO, as noted in media coverage this past week. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

DECEMBER 4, 2019

This is the latest hire for Gemini, which has brought on executives from the New York Stock Exchange (NYSE) and International Securities Exchange (ISE) over the past 18 months. Phemex has been in the beta testing phase for several weeks, and started trading on Nov. Jack Tao, who left Morgan Stanley after 11 years, co-founded the company.

Bitcoin 131

Bitcoin blockchain New York cryptocurrency 131

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

AUGUST 4, 2020

Grab Financial Group (GFG), a Southeast Asia financial technology (FinTech) and ridesharing company, is expanding its reach with the announcement on Tuesday (Aug. 4) that it will offer consumer loans in Singapore along with wealth management products. billion in trust accounts, Grab reportedly halted its collaboration. “We

Strategy 137

Strategy Management Groups Regional 137

PYMNTS

SEPTEMBER 24, 2019

“Account takeover, which involves the targeting of financial institution customer accounts to gain unauthorized access to funds, is an extremely common cybercrime affecting U.S. financial institutions,” he said. FinCEN is seeing around 5,000 account takeover reports each month involving approximately $350 million,” he said.

Fraud 178

Fraud Cards Fintech Compliance 178

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.

Fintech 209

Fintech Payments Oregon Cards 209

William Mills

FEBRUARY 7, 2017

Free report designed for the financial industry provides vendors and bankers better technology insights and a check against their own technology priorities. Download the full report here. The report also includes research and articles about what technology, solutions and services U.S.

Report 40

Report social media Customer Experience Industry 40

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. I have instructed the SEC staff to be on high alert for approaches to ICOs that may be contrary to the spirit of our securities laws and the professional obligations of the U.S.

blockchain 133

blockchain Fort Worth Bitcoin Regulation 133

PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the development of FedNow and its U.S.

Data 122

Data North Carolina Kansas City Payments 122

PYMNTS

FEBRUARY 15, 2019

The company announced a $30 million Series B investment round this week, led by Accel, said reports in Fortune. that will focus on research and development (R&D), reports said. Open Financial Technologies. India’s Open Financial Technologies raised $4.6 challenger bank to secure funding.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

PYMNTS

NOVEMBER 14, 2018

Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning. As reported in Asia Times , blockchain technology will be used to help stanch tax avoidance and track refunds, among other activities. Bread By Blockchain.

Taxes 141

Taxes blockchain Data Report 141

PYMNTS

FEBRUARY 14, 2018

just secured more than $97 million through an initial public offering. reports noted. We intend to deliver value by taking advantage of current market disruptions and new financial technologies, while keeping a focus on the distribution of niche lending products.”. An alternative lending conglomerate based in the U.K.

Lending 122

Lending Capital Groups Financial Technology 122