PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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Fintech blockchain Maine Guidelines 136

PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

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blockchain Guidelines cryptocurrency Marketing 244

PYMNTS

JULY 4, 2018

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). And, while London has served as Europe’s primary FinTech center, Brexit could change that: The U.K.’s s exit from the bloc next year.

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Fintech Guidelines blockchain cryptocurrency 105

Payments Source

MARCH 10, 2020

The agency's recent update to its guidelines for banks on working with data aggregators and other third parties was not extreme, but some critics say its heavy emphasis on security could be a setback for open banking.

Data 63

Data Guidelines Innovation Fintech 63

PYMNTS

MARCH 20, 2018

Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.”. and Far East, on a blueprint,” Chris Woolard, the FCA’s executive director of strategy and competition, told the Innovate Finance conference in London. So far, only 13 of the bloc’s 28 members have set up sandboxes.

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Regulation Fintech Regional Guidelines 130

PYMNTS

JANUARY 15, 2019

As FinTechs eye growth, and look to gain scale by providing more “mainstream” financial services, might those plans hit a speed bump when it comes to the infrastructure needed to bring products to the masses? I am concerned that FinTech will be the source of the next crisis.”. In Asia, Examining Cross-Border FinTech.

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PYMNTS

JUNE 10, 2020

Dr. Maxwell Opoku-Afari, the bank’s first deputy governor, reportedly said during a digital workshop that the bank remains steadfast in facilitating innovation and piloting ideas like a central bank cryptocurrency. The Bank of Ghana continues to consider the creation of a digital currency, GhanaWeb reported.

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Guidelines Bitcoin cryptocurrency blockchain 134

PYMNTS

MAY 30, 2018

Throw into the mix consumer protection guidelines, active anti-money laundering checks and capital requirements, and things get difficult, Oosthuizen noted. 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.

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Fintech Regulation Compliance Innovation 160

Let's Talk Payments

OCTOBER 4, 2017

To promote the sustainable, broad-based and versatile growth of FinTech. To innovate on the distribution of banking products and services in ways that can directly impact the consumer. There are.

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Guidelines Innovation Fintech 103

Abrigo

JUNE 12, 2023

The money transmitter industry is growing, spiked by advances in fintech and the consumer demand for immediate payment mechanisms. Since the passing of this model money transmitter act, many states have introduced or fully adopted these standardized guidelines. alone, handling $6 trillion in payments.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

MAY 15, 2018

In a landscape that’s fast evolving to match the needs of tech-savvy customers, credit unions are innovating to compete with larger commercial banks and FinTech firms to attract and retain customers. The National Council of Firefighter Credit Unions (NCOFCU) agreed to work with web design firm OMNICOMMANDER.

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Millennials Innovation Report Mobile 110

Abrigo

SEPTEMBER 11, 2023

While leaders must learn and stay informed about innovations, it’s helpful to remember in the process that they often result in life-changing improvements for our businesses and our consumers. Take the financial services industry as an example. Let us step back in time and look at the last 50 years.

Risk Management 195

Risk Management Data Technology Fintech 195

American Banker

MARCH 10, 2020

The agency's recent update to its guidelines for banks on working with data aggregators and other third parties was not extreme, but some critics say its heavy emphasis on security could be a setback for open banking.

Data 54

Data Guidelines Innovation Fintech 54

PYMNTS

AUGUST 4, 2017

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

JANUARY 31, 2020

Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines. The European Data Protection Board (EDPB) recently issued updated guidelines for compliance with GDPR, aiming to help affected banks and businesses answer any lingering questions about the rule.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

OCTOBER 1, 2020

23), it is offering foundational digital guidelines to help several partners – including payment processors FIS, CoreCard, i2c, TSYS (owned by Global Payments) and others – to access card data in a speedy, secure manner. Many of the partner processors working with Mastercard are also working to enable card products for FinTechs.

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Cards Management Tools Guidelines 249

PYMNTS

FEBRUARY 3, 2020

“MAS’ latest initiative to issue new digital bank licenses is aimed at enabling non-bank players with strong value propositions and innovative digital business models to offer banking services,” the spokesperson explained. What we see is an opening up of customer data as a ground-up [innovation] process led by the banks themselves.

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Digital Banking Innovation Maine Regulation 185

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing. Similarities To The EU.

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Payments Source

NOVEMBER 6, 2020

Brazil's central bank and the country's National Monetary Council have established operation guidelines for a regulatory sandbox to encourage financial and payments technology innovation.

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Guidelines Payments National Innovation 84

PYMNTS

MAY 28, 2020

The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches to access the services they need. Deep Dive: APIs’ Role In Fueling Digital-First Banking Innovation.

Community Bank 176

Community Bank Community Security Digital Banking 176

PYMNTS

AUGUST 19, 2016

The Future Of FinTech? Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. The move is a significant one for a country that has long been considered a “laggard” in embracing the FinTech revolution.

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PYMNTS

APRIL 24, 2020

The new guidelines require companies to certify with their lender that they need the loan and cannot access the money from other sources. credit unions (CUs) are innovating to digitize their products and services. Two-thirds of CUs are prioritizing voice assistant innovations, and half want to develop new peer-to-peer (P2P) offerings.

Payments 146

Payments Guidelines Innovation Cards 146

Chris Skinner

FEBRUARY 7, 2017

If third party FinTech firms cannot get access to the customer’s financial data, then you can severely limit what they can do. guidelines currently address the unique complexity of our financial system. What to do? Well, the easiest thing to do is to block access to the bank’s data. Brilliant … and it’s just what banks are doing.

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Guidelines Washington Fintech Data 150

American Banker

OCTOBER 24, 2016

The Center For Financial Services Innovation has released a framework it says is designed to spur safe data sharing between banks, fintechs and third-party data aggregators.

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Guidelines Data Innovation Fintech 28

PYMNTS

MARCH 27, 2020

QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation. A B2B Opportunity.

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Payments Innovation Security Guidelines 151

PYMNTS

OCTOBER 27, 2019

27), far-flung verticals such as healthcare and seafood supply chains – and even FinTech – can be united under a key principle: Trust. The announcement of the blockchain-based solution comes in the wake of Mastercard outlining guidelines for blockchain development earlier this month. The Partnership Ecosystem.

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American Banker

MAY 13, 2016

The Office of the Comptroller of the Currency's recent white paper is a great first step in promoting innovative collaboration between banks and fintech, but companies need clearer guidelines on what regulators expect of them.

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Fintech Guidelines Regulation Innovation 28

PYMNTS

DECEMBER 5, 2018

The Swiss Financial Market Supervisory Authority (FINMA) is aiming to boost innovation in cryptocurrency and distributed ledger technology (DLT), by easing some of the existing rules. Another important requirement: an institution with a FinTech license must have its registered office and conduct its business activities in Switzerland.

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Bitcoin blockchain Data Massachusetts 116

Insights on Business

OCTOBER 16, 2018

Reengineering core banking systems that have been developed over decades while innovating fast enough to stay competitive would be like trying to change your tires while speeding down the freeway. With the IBM Open Banking Platform , financial institutions can innovate faster, reduce risk and protect core banking applications.

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Capital Tools System blockchain 157

PYMNTS

SEPTEMBER 28, 2020

The FinTech ecosystem within Saudi Arabia has been expanding steadily over the past decade, for example, with more than 60 FinTechs now operating, compared to the 20 companies operating within the country in 2019. This is also the aim behind several regulatory changes taking place in other MENA markets, notably Egypt.

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Online Report Payments Regulation 151

PYMNTS

JUNE 15, 2020

Express Company, a joint venture between American Express and LianLian DigiTech, a Chinese FinTech services company, is expected to begin processing transactions later this year. s wave hit in the mid-1990s, innovators were told that moving in “internet time” would give them an overnight competitive advantage. Why Digital’s 3.0

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Guidelines Payments Digital Banking Company 131

PYMNTS

MAY 1, 2020

The latest PYMNTS Next-Gen Debit Tracker® done in collaboration with PULSE , a Discover company, charts the path of debit innovation as the economy groans to reopening, and details many reasons why debit seems custom-made for this moment in payments history. Your Money, Your Way.

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Guidelines Digital Banking Millennials Online 131

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions.

Payments 152

Payments Guidelines System Compliance 152

PYMNTS

AUGUST 28, 2019

It can sometimes appear that the pace of FinTech innovation far outpaces corporates’ FinTech adoption. Only weeks ago, payments messaging firm SWIFT released its first set of guidelines for financial institutions adopting the standard for cross-border transactions.

Payments 130

Payments System Guidelines Examples 130

PYMNTS

APRIL 8, 2016

The head of the CFPB, Richard Cordray, said during testimony on The Hill yesterday (April 7) that FinTech companies will likely be a significant presence in making payday loans (or smaller dollar loans) to consumers. In other words, batten down the hatches, ye FinTech upstarts. ​.

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Fintech Guidelines Lending Regulation 100

PYMNTS

MARCH 25, 2019

DNB is responsible for approving PSD2 payment licenses in the Dutch market, so third parties will have to follow their guidelines if they want to continue operating in the region. To be successful in the Netherlands, [FinTechs] have to be even more efficient than what’s already there … and they have to be considerate to price,” she said.

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Regional Regulation Data Payments 108

Insights on Business

NOVEMBER 20, 2017

This is resulting in direct pressure on financial institutions to adapt faster and place a premium on innovation now – more than ever before. By doing so, it also opens up the avenue for innovative players to provide value-added services on the back of this scheme. The Central Banking authorities like the U.S.

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Payments Guidelines Digital Banking Industry 79