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

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

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

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

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

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

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

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

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

AUGUST 1, 2019

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds.

Payments 152

Payments Guidelines System Compliance 152

PYMNTS

JANUARY 15, 2018

In an interview with PYMNTS, Jordi Gascon, with EMEA Security at CA Technologies, noted the challenges for banks across the EU, right out of the gate: “PSD2 compliance is a must, and they need to cope with the intrinsic risks of opening their infrastructure to third parties.” How might PSD2 have an impact beyond the European community?

CA 112

CA Bitcoin Data Security 112

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. Security and risk reduction are very high on the priority list for participants offering Faster/Instant Payments.

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

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

NCR

AUGUST 18, 2017

Blockchain, or distributed ledger technology as it is sometimes called, is a database that is distributed across a network and cryptographically secured, such that records become immutable. 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

MAY 1, 2020

have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. The presence and curation of FinTechs is growing … and we are leveraging the technologies offered by FinTech players to enhance customer experience.

Innovation 245

Innovation Regulation Digital Banking Security 245

PYMNTS

DECEMBER 11, 2018

Data is everywhere, and amid headlines trumpeting collaboration between FinTech and traditional FIs, there are indeed some possible stumbling blocks about who has access to what when it comes to consumers. s High Street banks have been banding together to oppose FinTech efforts in India to collect customer data. billion valuation.

Fintech 139

Fintech Data New Jersey Guidelines 139

Abrigo

JUNE 12, 2023

In today's interconnected world, efficient and secure money movement is crucial for individuals and businesses alike. Money transmitters like Western Union, PayPal, MoneyGram, Zelle, and many others, facilitate secure digital transactions, allowing people to send and receive funds across borders and within the U.S.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

NOVEMBER 9, 2020

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. Open banking at its basic level refers to parties sharing financial data — between banks and FinTechs or other third parties — through digital means with the account holders’ explicit consent.

Fintech 285

Fintech Data Regulation Innovation 285

PYMNTS

OCTOBER 6, 2017

But often, businesses prioritize security of customer data, then safeguard internal company data. Last week, Baer reported on the American Payroll Association’s Fall Forum, which focused heavily on payroll security. And they have shorter timelines for rolling out operations. Regulatory guidelines may help address this issue.

Marketing 139

Marketing Data Security Regulation 139

Tomorrow's Transactions

DECEMBER 19, 2016

As for the last few years, I’ve put together a “live five” of technology-driven changes in the secure transactions field that will have a real business impact over the coming year. The NIST guideline goes on to talk about using push notifications to applications on smart phones, which is how we think it should be done. Goodbye 2016.

Mobile 30

Mobile Retail Trends Security 30

PYMNTS

DECEMBER 17, 2019

Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.

Metro 136

Metro Regional Fintech National 136

PYMNTS

DECEMBER 27, 2019

What has to happen now is for all the stakeholders who make up the instant disbursement ecosystem as it stands today — large corporates, financial institutions, FinTech platforms, SMBs and consumers — to work collaboratively to make truly seamless and secure instant payments experiences across verticals and use cases a reality in the next decade.

Payments 131

Payments Maine Innovation How To 131

FICO

MAY 6, 2022

Customers will accept more friction if it helps them feel secure. Provide Transparency, Trust, and Security. Remember that trust is the #1 thing banks have that many FinTechs don’t have. Customers need to know you’re providing a secure environment. Read my post: Secure Digital Banking And Customer Communications.

Digital Banking 52

Digital Banking System Data Customer Experience 52

FICO

DECEMBER 9, 2019

The European Central Bank through its Single Security Mechanism (SSM) concludes, in its annual risk report, that NPLs (non-performing loans) are the second largest future risk for the European financial system after geopolitics. Drastic changes in creditor’s operating models will help debtors — in some places. Here’s what I see.

Analytics 52

Analytics Regional Strategy Regulation 52

Tomorrow's Transactions

JULY 13, 2016

In fact, it blocked a destitute farmer, a vegetable stallholder and a security guard with similar names. Aadhar (the brand name for UID) can serve as the know your customer guidelines that banks have. So, imagine that Kingfisher had adopted something along the lines of Ian Grigg’s “ triple entry ” system.

blockchain 30

blockchain Examples Guidelines System 30

Fintech Labs Insights

JULY 7, 2016

Traditional bank underwriting for portfolio holders of operating franchise units is broken (i.e., if you’re a non-operator investor how do you passively participate in profits much like the stock market). Issued nearly $11B of asset backed securities and another $7B of debt and equity to fund ADS growth. Franchisor. Franchisees.

United States 15

United States Guidelines Branding Big Data 15

PYMNTS

JUNE 18, 2019

They are being asked to contribute their collective experiences in operating global, regulated payments and financial services networks to shape Libra’s charter and frame its governance structure. At some point, they will be asked to kick in few bucks to fund its operation and get it off the ground. New Network, Crypto Applications.

Payments 246

Payments Regulation blockchain cryptocurrency 246