PYMNTS

NOVEMBER 10, 2020

The FinTech also has eCurrency licenses in Lithuania and the U.K. The new license from Ireland’s financial services regulator will enable SumUp to offer its services across 26 European countries. SumUp’s Dublin office is poised for growth and will become the central regulated location for the firm’s business across the EU.

Fintech 245

Fintech Regulation Cards Google 245

PYMNTS

SEPTEMBER 17, 2019

FinTech firms are keeping a pulse on the latest regulations and helping their clients comply with them. The European Union’s General Data Protection Regulation (GDPR), for instance, went into effect last May, and penalties are just starting to be enforced.

Fintech 200

Fintech Compliance Data Regulation 200

PYMNTS

DECEMBER 8, 2019

Firms like Google, Alibaba and Facebook could be forced to share data with banks and FinTech firms. Banks are required to share customer data with rival FinTech firms, and “this may need to be the case with Big Tech, too,” the FSB said in the report.

Regulation 131

Regulation Data Google Fintech 131

Bussman Advisory

DECEMBER 9, 2023

The latest edition of the FinTech Ecosystem Newsletter is here : Join our Community Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. More information on www.bussmannadvisory.com.

Google 52

Google Fintech Community Course 52

Bank Innovation

JANUARY 16, 2018

The regulation has been dubbed as one of the more substantial regulatory changes of its kind in Europe. EXCLUSIVE – After more than two years of planning, Payments Services Directive II or PSD2 finally arrived in Europe on Saturday. While many traditional banks and FIs might not be thrilled about having to open their APIs […].

Regulation 356

Regulation Payments Google Apple 356

PYMNTS

SEPTEMBER 26, 2016

The FinTech companies are disrupting the industry and are a thorn in the side of the traditional players — banks and credit card companies. Many FinTech startups, like Ripple, are using blockchain to provide cheaper and faster services to consumers. But some banks are competing with the FinTechs. trillion in 2014 to $2.3

Regulation 100

Regulation Fintech blockchain Mobile 100

PYMNTS

NOVEMBER 21, 2019

The FinTech unicorn Plaid has rolled out in three more European countries – Ireland, France and Spain – as part of an expansion initiative, CNBC reported on Thursday (Nov. The Silicon-based startup, launched in 2013, uses a unified application programming interface (API) to link FinTech apps with people’s bank accounts. and Canada.

Fintech 117

Fintech Regulation Google Cards 117

PYMNTS

SEPTEMBER 30, 2020

Overseen by the Office of the Comptroller of the Currency (OCC), the charter would allow firms like Facebook, Google or Amazon to bypass the process by which they need to collect money transmitter licenses state by state. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would.

Regulation 349

Regulation National System Industry 349

PYMNTS

JUNE 24, 2019

While banks continue to open their application programming interfaces (APIs) to third-party providers and FinTech firms, many are still in the dark when it comes to SCA. Technology company Google , for example, is facing a probe by the Data Protection Commissioner (DCP) in Ireland. How PSD2 is Affecting Asia’s Open Banking Regulations.

Fintech 161

Fintech Regulation Compliance Data 161

PYMNTS

OCTOBER 16, 2017

Google and Amazon are ready to shake up the small business lending world and place competitive pressure on traditional banks, according to Karen Mills, advisor for small businesses to former President Barack Obama. But, amid this shakeup, there are uncertainties — including how regulators will respond, Mills added. “I

Google 100

Google Lending Conference Industry 100

PYMNTS

OCTOBER 1, 2019

Amsterdam FinTech startup bunq is expanding into 22 additional countries after successful launches in Austria, Germany, Italy, Spain, France, Ireland and Belgium, TechCrunch reported on Tuesday (Oct. The company also now accepts Apple Pay and Google Pay in France, Germany, Spain, Italy, Belgium and Ireland. .

Fintech 116

Fintech Guidelines Cards Groups 116

PYMNTS

MAY 30, 2018

Banks, he noted, have to be compliant with a host of extremely stringent regulations, and often across multiple jurisdictions – all with different rules. And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs.

Fintech 160

Fintech Regulation Compliance Innovation 160

Chris Skinner

DECEMBER 12, 2018

He’s not worried about Amazon, Google or Alibaba; he’s not concerned about FinTech start-ups, Revolut or Monzo; he doesn’t really care about Open Banking and software; as for machine learning, artificial intelligence (AI) and … The post Compliance will kill the bank appeared first on Chris Skinner's blog.

Compliance 416

Compliance Conference Google Software 416

PYMNTS

DECEMBER 9, 2019

Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of its data use. Regulators Call for ‘Vigilant Monitoring’ of Big Tech’s Financial Data Use. Goldman Plans to Launch Robo Advisor Next Year. PayPal’s Schulman: Why Payments’ Biggest Innovations Are Yet to Come.

Regulation 131

Regulation Data Apple Payments 131

PYMNTS

NOVEMBER 11, 2018

Moves on the part of Amazon and Google to enter the financial services market is prompting European financial regulators to mull whether or not the tech companies need to be supervised. The comments come as the big tech companies in the U.S. European banks are concerned that U.S.

Google 173

Google Regulation Apple Taxes 173

BankInovation

JANUARY 9, 2023

New fintechs launched products, seeking growth over profitability, a strategy almost certain to change. And regulators are […]. Financial institutions that successfully expanded digital versions of their products and services to deal with COVID-19 are figuring out ways to bring value-added personal touches to online finance.

Google 52

Google Trends Regulation Strategy 52

Insights on Business

DECEMBER 10, 2017

The dominant story is that fintech startups and banks are better off as friends than foes. Fintech, once seen as a disruptor, is now becoming a mainstream and also a collaborating partner. Consumers have been conditioned by Google and Apple to see that banking services can be much more accessible and convenient from a mobile device.

Fintech 115

Fintech social media Apple Google 115

Payments Source

SEPTEMBER 19, 2019

A federal judge blocked state regulators from suing the agency over its new charter, but it’s still unclear whether fintechs would even apply.

Fintech 102

Fintech Regulation FDIC Google 102

PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Now, he said, “innovation needs to also be incorporated internally. “Can Cohen asked.

Management 303

Management User Experience Innovation Fintech 303

PYMNTS

OCTOBER 22, 2019

Carlos Costa, the head of the Bank of Portugal and member of the European Central Bank (ECB) board, said banks are going to have to be nimble and fast reacting if they want to stave off competition from FinTechs and digital banking apps. Big Tech encroaching into the financial world is a big concern.

Fintech 103

Fintech cryptocurrency Digital Banking Conference 103

PYMNTS

JANUARY 3, 2020

Unanswered authentication questions and regulatory confusion have not dampened PSD2’s attractiveness for regulators outside the EU, and Turkey is among the latest to adopt the standards. FinTechs Struggle With Higher Standards. They can also be more discerning regarding third-party companies and FinTechs. He pointed to the U.K.,

Regulation 133

Regulation Fintech Innovation Marketing 133

PYMNTS

DECEMBER 17, 2020

UK FinTech GoCardless Raises $95 Million Led By Bain. FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. Fiserv To Acquire FinTech Ondot Systems. The FinTech Fiserv has signed a deal to acquire Ondot Systems. The financial terms of the agreement were not disclosed.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

PYMNTS

MAY 25, 2016

Post-financial crisis regulations have forced banks to become more diligent and aggressive against financial fraud, including money laundering. Financial institutions assure authorities that their increase of de-risking practices is a direct result of new regulations, as well as a residual effect of the cost of compliance.

Fintech 103

Fintech Regulation Compliance Report 103

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster. Reuters quoted central bank Vice Gov.

US 168

US Regulation Groups System 168

American Banker

SEPTEMBER 7, 2023

Rohit Chopra, the director of the Consumer Financial Protection Bureau, wants to ensure that Big Tech firms are not unfairly excluding smaller fintechs from innovating on their platforms.

Google 44

Google Apple Mobile Payments 44

PYMNTS

OCTOBER 11, 2018

One of the biggest challenges is the number of financial regulators in the U.S. But market forces dictate that open banking is coming, whether banks like it or not – and whether or not regulators will be able to guide FIs along the way. across which open banking rules would have to coordinate; in the U.K., But in the U.S.,

US 190

US Regulation Data Security 190

PYMNTS

OCTOBER 9, 2020

Britain’s top antitrust regulator proposed Friday (Oct. s approach to regulating FinTech companies could offer insights into the best ways to increase regulation of Big Tech firms. “It may be entering an era of more robust regulation. Coscelli said the U.K.’s

Regulation 183

Regulation United States Marketing Conference 183

PYMNTS

OCTOBER 1, 2020

In today’s top payments news around the world, the United Kingdom may clamp down on late payments to suppliers, while South Korean FinTech Kakao Pay is reportedly gearing up for an initial public offering (IPO). Korean FinTech Kakao Pay Preps For IPO. Kakao Pay is the FinTech division for Kakao Corp. as the top IPO advisor.

Payments 130

Payments Fintech Google Financial Technology 130

PYMNTS

DECEMBER 12, 2018

Bitwala has rolled out digital currency banking services in Germany through a partnership with a regulated FinTech firm that has a banking license, CoinDesk reported. Google Trends found that the top search definition in both the United States and the United Kingdom, according to a Bloomberg report, was “what is bitcoin?”

Bitcoin 139

Bitcoin Google United States Analysis 139

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

Payments 195

Payments Regulation Security Data 195

PYMNTS

APRIL 30, 2018

Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.

Fintech 183

Fintech blockchain Lending Digital Banking 183

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

American Banker

JANUARY 7, 2020

Policymaking has moved at an agonizingly slow speed compared with the exponential growth of technology, leaving regulators and lawmakers facing a huge task over how to keep up. .

Regulation 75

Regulation How To Technology Google 75

PYMNTS

FEBRUARY 20, 2020

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb.

cryptocurrency 194

cryptocurrency Meeting Conference Regional 194

PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. Google could be in the running, too, she added. “If

Lending 109

Lending Google Fintech Industry 109

Payments Source

SEPTEMBER 29, 2017

Meetings between bank regulators and technology giants like Amazon and PayPal underscore Silicon Valley's growing involvement in the financial services arena, and may presage pursuit of a bank charter.

Meeting 77

Meeting Regulation Technology Google 77