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.

Fintech 160

Fintech Regulation Compliance Innovation 160

PYMNTS

SEPTEMBER 24, 2020

24) announced a $50 million Series D investment round and the purchase of two companies: Inspyrus, a Silicon Valley FinTech that specializes in AP, and Regal Software, the Atlanta-based provider of B2B disbursement software. Trading FinTech Robinhood Markets Inc. MineralTree Inc., Robinhood Raises $460M One Month After Raising $200M.

Company 137

Company Payments Atlanta Massachusetts 137

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.

Guidelines 84

Guidelines Payments National Innovation 84

PYMNTS

MARCH 8, 2018

The infrastructure will link into 20 banks and eight electronic payment operators, with payers able to use mobile phone numbers or email addresses to make payments in the Hong Kong dollar or renminbi. According to the publication, the HKMA is in the midst of testing various products as part of its FinTech Supervisory Sandbox.

Guidelines 108

Guidelines Payments Fintech blockchain 108

PYMNTS

APRIL 16, 2020

Accelerated data sharing has become a focal point for small business lenders and FinTechs looking to speed up the time it takes for SMBs to apply for and receive much-needed funding. This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

PYMNTS

MARCH 30, 2020

Customer loyalty and FinTech Paytronix wrote a blog post about the benefits of gift cards for restaurants, which can help ease the burden many are facing during the ongoing coronavirus crisis. It’s no secret that restaurants nationwide are hurting as we combat the spread of COVID-19. The answer for many has been simple: Promote gift cards.”.

Cards 141

Cards social media Guidelines Fintech 141

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

MAY 11, 2020

When PPP forgivable loans were factored in, PYMNTS found, the companies said they would have enough funds to stay operating another 69 days. The new guidelines for subsequent tranches of the PPP program require that companies certify with lenders that they need the loans and cannot access funding from other sources. As many as 24.9

Maine 189

Maine Guidelines United States Company 189

PYMNTS

MAY 4, 2020

Ameyo, which specializes in customer engagement technology, aims to help customers close gaps in their Know Your Customer (KYC) tactics, removing some extraneous operations and helping them transition everything to be done remotely, according to reports.

Video 131

Video Guidelines Conference Technology 131

PYMNTS

NOVEMBER 1, 2018

The Chinese government, as noted in CB Insights and elsewhere at the time, released a set of guidelines geared toward “advancing the healthy development of internet finance” and placing the industry under the purview of the China Banking Regulatory Commission. “The second phase of it is where we started working with banks.

Lending 150

Lending Guidelines Fintech Industry 150

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.

blockchain 101

blockchain Guidelines Fintech Fraud 101

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.

blockchain 100

blockchain Guidelines Fintech Fraud 100

CB Insights

OCTOBER 21, 2018

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year.

America 165

America Regulation Regional Tools 165

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.

Online 151

Online Report Payments Regulation 151

PYMNTS

DECEMBER 4, 2018

Switzerland’s Swiss Financial Market Supervisory Authority (FINMA) has made guidelines public for crypto firms to earn a FinTech license, The Next Web reported. In other news, General Motors (GM) could be looking into a way to manage autonomous car data with blockchain, CoinDesk reported.

blockchain 148

blockchain Bitcoin Guidelines New York 148

PYMNTS

OCTOBER 8, 2019

That challenge is undoubtedly a major headache for the companies operating in this sector, which are often small businesses. What it could do, however, is open the door for more credit unions, smaller banks and emerging FinTech firms to launch, boosting competition in the sector. ”

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

JULY 31, 2019

As watchdogs ramp up oversight of financial institutions and FinTechs, late last year the China Banking and Insurance Regulatory Commission also announced plans to relax restrictions on foreign ownership of banks operating in the country. China’s banking regulation is in-flux.

Lending 134

Lending Policies National Guidelines 134

PYMNTS

NOVEMBER 4, 2020

regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. This figure includes new users of online banking platforms or money management FinTechs, services that are covered under U.K. the Federal Reserve Bank of Boston said, “To date, U.S.

US 171

US Boston Regulation Data 171

PYMNTS

FEBRUARY 3, 2020

The MAS hopes FinTech or third-party license recipients will encourage greater innovation, the spokesperson said — not to break traditional FIs’ grip on Singapore’s customers, but to stimulate overall financial and technology growth. Licenses are not meant as free passes into financial domination in Singapore, after all.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. In the U.K.,

How To 170

How To blockchain Compliance Regional 170

CB Insights

FEBRUARY 15, 2018

The wealth management industry is under siege by a new crop of “robo-retirement” fintech startups disrupting retirement savings. Now, startups have zeroed in on the opportunity to create retirement offerings that cut down on fees and deliver a better user experience, following the playbook fintechs used with robo-advisors.

Management 50

Management Fintech Guidelines Strategy 50

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. Senate Committee To Consider Telehealth’s Future. Walmart, Shopify And The Shot Across Amazon’s (Marketplace) Bow.

Guidelines 131

Guidelines Payments Digital Banking Company 131

PYMNTS

MAY 8, 2020

The Administration’s new guidance on the PPP loans issued on April 29 was a nearly 180-degree turn from that which was provided as application guidelines when the program opened its doors on April 3. Around the same time, April 29, Treasury issued new guidelines – and a warning.

Maine 161

Maine Guidelines Capital Fintech 161

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. As the COVID-19 pandemic impacts banking operations across the U.S., Card Companies Cut Credit Lines As Customers Skip Payments. NEW DATA: How COVID-19 Is Driving CUs’ Digital Leap.

Payments 146

Payments Guidelines Innovation Cards 146

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards.

Payments 152

Payments Guidelines System Compliance 152

PYMNTS

AUGUST 6, 2019

But according to Lambino, in addition to benefits of efficiency for taxpayers, an eInvoice mandate will result in cost savings for government agencies and enable officials to operate with greater adaptability in the face of technological disruption. On Monday (Aug. Additionally, reports on Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

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. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be able to change that. A B2B Opportunity.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

JUNE 4, 2020

Fraud prevention also requires adherence to regulatory guidelines to ensure B2B payments are not violating laws in the jurisdictions in which their customers transact. You see a lot of [new] FinTech companies and digital-only banks that are fully API-based,” he said.

Security 151

Security Fraud Payments Compliance 151

Tomorrow's Transactions

DECEMBER 5, 2016

By “European lines”, I meant that a regulatory framework which separated systemically risky operations such as lending people money from systemically unrisky operations such as low-value payments would benefit all concerned. From Regulator will start issuing bank charters for fintech firms. Consult Hyperion.

Fintech 30

Fintech Regulation Lending System 30

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. As is the case with other countries in the EU, potential players in the Netherlands need to obtain a license to operate and collect data under PSD2.

Regional 108

Regional Regulation Data Payments 108

PYMNTS

AUGUST 4, 2017

In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. Many players in the financial services market were already launching innovative solutions without knowing which guidelines the Fed would recommend for the U.S. faster payments system.

Community Bank 116

Community Bank Community Innovation Millennials 116

Gonzobanker

APRIL 20, 2020

As banks evolve to a digital-centric operating model, one of the laments Cornerstone often hears from our clients is, “Compliance won’t let us do that.” The reality is that both financial institutions and fintech solutions providers can drive better customer experience and still be compliant in a digital world.

Compliance 78

Compliance Customer Experience Guidelines Technology 78

Insights on Business

NOVEMBER 20, 2017

Federal Reserve Bank are enabling their member banks with guidelines by being an advocate, educator, and, more importantly, a change agent to influence payments system policy and direction. The value of incorporating APIs and voice in your operations. The momentum with blockchain technology, it is no longer just a discussion.

Payments 79

Payments Guidelines Digital Banking Industry 79

Insights on Business

OCTOBER 11, 2018

It’s this digital-agility layer that would connect to the internal core systems as well as provide external APIs to connect various fintech solutions and other financial institutions within an open banking platform approach.

Meeting 111

Meeting Customer Experience System Guidelines 111

NCR

AUGUST 18, 2017

A whitepaper produced by the UK-based FinTech Network in cooperation with BNY Mellon and Rabobank highlighted payments as one of the primary applications for the technology. Forecasts about medium-term cost savings of key operations are promising. The key applications for the technology. Significant savings to be made.

blockchain 75

blockchain Technology cryptocurrency Study 75

PYMNTS

JANUARY 15, 2018

For other firms, such as FinTechs or telecommunications companies, “they must coordinate and provide access to multiple different interfaces or protocols.”. Security may be top of mind as the firms seek to comply with the directive (security guidelines have been published by the EBA).

CA 112

CA Bitcoin Data Security 112