article thumbnail

Trade groups seek to delay digital wallet oversight plan

Payments Dive

Fintech trade groups asked the Consumer Financial Protection Bureau to extend the comment period on a proposal formalizing its oversight of big tech companies’ digital wallets.

Groups 394
article thumbnail

FedNow gives banks a leg up against fintechs

Payments Dive

The instant payment floodgates are about to open when FedNow launches in July, giving banks a chance to win back customers lost to fintechs, says one GFT Group executive.

Fintech 418
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PayTabs Group partners with Fintech Galaxy

The Paypers

PayTabs Group has announced its partnership with Fintech Galaxy in order to optimise GCC’s fintech space with payment orchestration and Open Banking services.

Groups 81
article thumbnail

Fintech trade group sends letter to Director Chopra urging CFPB to develop regulatory approach for earned wage access products

CFPB Monitor

The American Fintech Council (AFC), a trade group whose members include providers of earned wage access (EWA) products, has sent a letter to Director Chopra urging the CFPB to take steps towards development of a “pragmatic regulatory approach” for regulating EWA products.

Groups 97
article thumbnail

NY Fed Creates FinTech Advisory Group

PYMNTS

The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1. Members will participate on a rotational basis.”.

Groups 135
article thumbnail

Mastercard partners with MTN Group Fintech

The Paypers

Mastercard has partnered with MTN Group Fintech to provide African people and businesses with digital tools to transact through secure mobile payments.

Groups 36
article thumbnail

Two more groups submit Singapore digital banking license bids

Bank Innovation

Two more consortiums said they submitted bids for digital banking licenses in Singapore as companies, ranging from a massage chair maker to a property giant and Chinese fintech firms, joined forces to go for the sought-after permits. Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd.