Abrigo

SEPTEMBER 11, 2023

From a consumer standpoint, we’ve experienced three giant leaps in the fintech industry. Impact of AI Improved access to financial services One was when ATMs became available, and you didn't have to plan your activities around when banks were open. Let us step back in time and look at the last 50 years.

Risk Management 195

Risk Management Data Technology Fintech 195

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

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

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.

Community Bank 176

Community Bank Community Security Digital Banking 176

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. Around The Data Protection And Security World. The regulation is now slated to roll out in July 2020, rather than the February 2020 deadline previously proposed.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

NOVEMBER 27, 2020

PYMNTS’ November 2020 Merchants Guide To Navigating Global Payments Regulations done in collaboration with Ekata examines issues around security and compliance as open banking continues its push across oceans and over legal hurdles and toward eventual ubiquity. Here again, trust is the heart of the matter.

Compliance 198

Compliance Regulation Payments Study 198

PYMNTS

SEPTEMBER 5, 2019

SWIFT’s Open Banking Extensions API standards is the second introduction to a universal suite of APIs the company is creating in partnership with FinTechs, banks and merchants. When individual banks use a unique API, merchants and FinTechs have to accommodate distinct security considerations and workflow for each one.

Guidelines 182

Guidelines Fintech Community Industry 182

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

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

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

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.

Cards 141

Cards social media Guidelines Fintech 141

PYMNTS

JANUARY 24, 2019

The Institute for FinTech Research at Beijing’s Tsinghua University (THUIFR) has unveiled a blockchain scholarship program with Ripple ’s help, Cointelegraph reported. 22), “We @Ripple are excited to work with Tsinghua University Institute for FinTech Research (@THIFR3) and help develop the next generation talent for blockchain in China!”

blockchain 129

blockchain Bitcoin Pennsylvania Guidelines 129

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

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. In the USA, there is a move by the big banks to get Washington to outlaw access to bank data based on security. guidelines currently address the unique complexity of our financial system.

Guidelines 150

Guidelines Washington Fintech Data 150

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

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

DECEMBER 5, 2018

FINMA has published a guideline for the upcoming FinTech license, which will allow FinTech projects to raise outside capital of up to 100 million Swiss francs ($100 million) with relaxed requirements.

Bitcoin 116

Bitcoin blockchain Data Massachusetts 116

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

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

JUNE 13, 2018

That growing group of FIs includes Sweden-based FinTech Tink , which offers a consumer-facing digital banking platform alongside a growing B2B API development business. These guidelines call on banks and FIs to give customers increased control over their data, and force companies to comply with customer requests to delete their data.

Regulation 115

Regulation Guidelines Tools Data 115

CFPB Monitor

MARCH 8, 2019

The Safeguards Rule requires financial institutions to have a comprehensive information security program. The proposed rule amendment will more clearly define the requirements for such information security programs.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

PYMNTS

OCTOBER 8, 2018

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. The amount was disclosed in the Annual Work Program, which had been devised by the European Securities and Market authority at the end of last month.

United States 174

United States Regulation cryptocurrency Cleveland 174

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

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

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

OCTOBER 8, 2019

“It illustrates how, in terms of efficient operations of business and commerce, nothing is going to happen efficiently unless you’ve got various players securely and properly banked so they can move funds, and transact quickly,” he said. ”

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

SEPTEMBER 25, 2020

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Trackers And Reports.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

JUNE 19, 2019

B2B FinTech has made leaps and bounds in the world of procurement, enabling large enterprises to automate a significant portion of their purchasing processes. However, there is another side of procurement that has been left without much exposure to FinTech disruption: tail spend.

Data 116

Data Guidelines Fraud Compliance 116

Gonzobanker

AUGUST 14, 2019

AWS publishes extensive documentation and guidelines outlining how its cloud customers must secure their data. In the case of Capital One, it mismanaged its firewall, comprising its bank security. For financial institutions, it calls into question the security of cloud computing. What does the Capital One breach mean?

Capital 94

Capital Data Security Guidelines 94

PYMNTS

JANUARY 30, 2019

These challenges of ensuring authentication and following ever-shifting AML guidelines present a conundrum for businesses looking to expand globally. The challenges faced by merchants, banks, FinTech firms, retailers and other players looking to expand globally are also creating a market for potential solutions to their KYC and AML needs.

How To 170

How To blockchain Compliance Regional 170

Fintech Labs Insights

DECEMBER 3, 2020

But general educational guidelines can only take a consumer so far. The key to gaining and keeping attention is to personalize the “security feed.” And then provides specific steps to take to secure their finances including FI-specific enhanced security options within online banking ( see screenshot below ).

Fintech 15

Fintech CA Branding Security 15

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

PYMNTS

MARCH 25, 2016

To put it in terms of things, things are rocky when it comes to security, privacy and the Internet of Things (IoT). The creation of regulation and development guidelines, which have the potential to foster the creation of safer, more secure products, is a tall order. In many ways IoT is the Wild West of connected technology.

Security 100

Security Data Innovation Examples 100

FICO

JUNE 30, 2023

Investors, such as Fannie Mae and Freddie Mac purchase mortgages in bulk and then bundle them together to create mortgage-backed securities (MBS) (a single lender can also issue its own MBS). These credit guidelines and standards are used to evaluate a borrower’s risk level and ability to repay the loan.

Security 96

Security Guidelines America Marketing 96

Gonzobanker

APRIL 20, 2020

The reality is that both financial institutions and fintech solutions providers can drive better customer experience and still be compliant in a digital world. So, how do financial institutions offer competitive services quickly and efficiently while meeting complex regulatory guidelines? .” It’s true – kind of.

Compliance 78

Compliance Customer Experience Guidelines Technology 78