Fintech Guidelines Innovation Security 
BankInovation
AUGUST 19, 2022
Federal Reserve Board guidelines on granting financial institutions access to its new payment system provide some clarity — but could discourage innovative fintechs from joining. The guidelines come as the fintech sector grows and more companies seek access to so-called “master accounts and payments services" offered by the Fed.
PYMNTS
JANUARY 7, 2019
The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. Those interviewed by the GAO also said that guidelines would be of help in making sure lending is done efficiently. Sandboxes, Gathering Steam.
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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.
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.
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.
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.
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. Biometric security systems are just one example of the major technological investments banks have made in recent years.
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