Bank Innovation

DECEMBER 7, 2017

Dubai Financial Services Authority (DFSA) has signed two new agreements with Hong Kong’s regulators to collaborate on fintech innovation. Ian Johnston, chief executive of the DFSA, […].

Innovation 225

Innovation Fintech Regulation Report 225

Bank Innovation

APRIL 16, 2020

EST, Bank Innovation will host a Zoom meeting for subscribers titled “Regulators’ and Financial Institutions’ Pandemic Responses: What Do We Know, What Can We Know, and When Can We Know It?” On Tuesday at 12 p.m.

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Meeting Regulation Innovation Fintech 273

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. We have formed a working group of state regulators to develop the model. Our FinTech industry advisory panel did include a few community banks.

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Regulation Fintech Community Bank Community 147

American Banker

JUNE 12, 2023

and Canada don't develop a coherent framework for regulating the industry, North America risks broader losses to other growing industries, like fintech and artificial intelligence. If the U.S.

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Regulation Innovation America Fintech 86

American Banker

NOVEMBER 9, 2023

Speakers at DC Fintech Week highlighted ways forward for regulators to keep pace with artificial intelligence, such as by setting up "guardrails" before guidelines.

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Regulation DC Guidelines Innovation 86

Chris Skinner

JUNE 20, 2017

Anyways, one little moment stood out enough for me to blog about, and it was the presentation from Capco’s FinTech lead Jeff Tijssen. The post 12 reasons why banks don’t innovate appeared first on Chris Skinner's blog. I liked his slides too, so asked Jeff if he could ping them over to me.

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Innovation Conference Regulation Fintech 407

Bank Innovation

NOVEMBER 6, 2017

Chinese and Australian regulators are partnering up on fintech. The Australian Securities and Investment Commission (ASIC) and the China Securities Regulatory Commission (CSRC) have agreed to share fintech information with the other party.

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Regulation Fintech Regional Trends 207

Chris Skinner

JUNE 2, 2016

So I just attended a really interesting two day meeting that covered all things blockchain, regulations, innovation and more. I’ll blog about the bits I can in the next few days, and thought I’d start with an overview of the Financial Conduct Authority’s (FCA) Regulatory Sandbox and Project Innovate.

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Regulation Innovation blockchain Meeting 150

Payments Source

SEPTEMBER 24, 2020

But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation. The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard.

Regulation 144

Regulation Fintech Innovation 144

PYMNTS

MAY 29, 2017

FinTech has no doubt changed the face of the financial services industry in the U.S., but experts are beginning to question how it will impact regulation. Reports in Reuters on Friday (May 26) explored how industry players are examining the future of financial regulation as FinTech continues its disruption.

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Regulation Fintech Conference Innovation 133

PYMNTS

DECEMBER 9, 2020

What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena.

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Innovation Fintech Payments Regulation 306

Bank Innovation

NOVEMBER 14, 2017

The finance landscape is witnessing some significant changes and disruptions due to fintech companies, blockchain technology, and AI. Innovation in this highly regulated field is necessary, and even giants are rising to the challenge and trying to get more customer-friendly, agile or at least aligned to the new standards set by start-ups.

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Innovation Meeting blockchain Regulation 284

Chris Skinner

JUNE 8, 2016

Before the financial crisis, over 100 banks set up shop each year, on average, according to data from the Federal Deposit Insurance Corporation, the agency that approves … The post America’s banking regulations strangle innovations appeared first on Chris Skinner's blog.

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Regulation Innovation United States America 150

Bank Innovation

MARCH 19, 2020

How will banking and fintech business models be impacted by this unprecedented coronavirus pandemic? What is the role of innovation in response to these rapidly unfolding events? How will banks and startups work together?

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Meeting Fintech Innovation Customer Experience 293

PYMNTS

AUGUST 6, 2020

In August’s The FI’s Guide To Modernizing Digital Payments , PYMNTS explores the latest in the world of payments modernization, including record numbers of digital payment users in India, high demand for instant payments from corporates as well as consumers, and emerging competition from FinTechs and challenger banks. About The Tracker.

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Regulation Payments Innovation Fintech 245

PYMNTS

DECEMBER 10, 2018

The statement gave a nod to “private sector innovation” that can use tech to detect and report financial crimes such as money laundering and terrorist financing. In China, China’s banking and insurance regulator, as reported by Reuters, wants banks to meet credit demand from private firms “to the greatest possible extent.”

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Regulation Fintech FDIC National 172

Bobsguide

MARCH 6, 2019

A regulatory sandbox is a framework that allows fintech start-ups and other innovators to conduct live experiments in a controlled environment under a regulator’s supervision. Nicole Sandler, vice president, fintech and regtech, EMEA legal lead, Barclays, says that “one of the.

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Innovation Fintech Regulation 118

Payments Dive

MAY 7, 2019

A lawsuit brought by New York banking regulators could have a significant impact on fintech development amid efforts by federal authorities to drive innovation.

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Fintech New York Regulation Innovation 257

Bank Innovation

MAY 29, 2018

billion only days before its IPO to major regulations such as GDPR going live last week. Here are some of the important trends that Bank Innovation pulled out of the fintech chatter […]. A lot happened in the digital banking world this month, from major events in the payments worlds like PayPal acquiring iZettle for $2.2

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Trends Fintech Innovation Digital Banking 246

PYMNTS

DECEMBER 6, 2020

The proposed regulations from the Competition and Markets Authority (CMA) are expected within the next few weeks and are almost certain to guide the actions of a newly announced government digital watchdog, FT reported. FT quoted an unnamed government spokesman saying of upcoming new regulations: "We are committed to making the U.K.

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Regulation Marketing Fintech Report 170

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. .

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Fintech How To Innovation System 195

Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

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Innovation cryptocurrency blockchain Fraud 360

Abrigo

APRIL 19, 2016

banks incorporate “responsible innovation” as they adapt quickly to these advances, but what exactly does that mean? In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform.

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Innovation Fintech Risk Management Community Bank 150

Chris Skinner

FEBRUARY 24, 2017

Apparently, people like it and here I’m going to expand upon the basic theme to give a detailed analysis of how FinTech wings are spreading. There’s been a lot of talk about fintech lately. In fact, saying ‘fintech’ is like saying ‘retailer.’ So, here is the FinTech Wave, Part One.

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Fintech Regulation Technology Analytics 342

PYMNTS

MARCH 9, 2018

While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on creating a unified approach to cryptocurrency regulation — at least not yet, Reuters reported.

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Regulation Fintech cryptocurrency Bitcoin 133

PYMNTS

OCTOBER 16, 2020

London's FinTech sector has been going strong this year, even in spite of the pandemic, with $3.6 The pandemic has dealt blows to many markets, but so far, London's FinTech market appears to be coping well, the release stated, with data suggesting that around 95 percent of the U.K.'s s FinTechs have long innovated to meet challenges.

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San Francisco Fintech New York City Data 265

Independent Banker

OCTOBER 31, 2021

Community banks are independent institutions fueled by the needs of their individual communities, so what constitutes innovation will look and feel different for every bank. As the popular saying goes, “Creativity is intelligence having fun”—and the same can be said for innovation.

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Innovation Strategies Strategy Innovation Community Bank 186

PYMNTS

MARCH 26, 2018

and Australia are strengthening an existing collaborative agreement to promote FinTech innovation, according to reports in Mondo Visione. The expanded agreement is part of what’s called the FinTech Bridge , signed by the U.K. The expanded agreement is part of what’s called the FinTech Bridge , signed by the U.K.

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Innovation Fintech Regulation Strategy 100

PYMNTS

FEBRUARY 20, 2018

It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. According to Reuters , traditional banks will feel the impact if FinTechs start offering services such as payments, crowdfunding, mobile banks and online trading.

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Regulation Fintech Training Innovation 101

PYMNTS

AUGUST 7, 2018

Regulators from the U.K., 7) a new alliance aimed at encouraging the growth of FinTechs. is among the first countries to introduce a FinTech sandbox , and now it wants to expand the effort. is among the first countries to introduce a FinTech sandbox , and now it wants to expand the effort.

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Regulation Fintech Policies Innovation 100

Bank Innovation

JUNE 1, 2016

Today marks the official start of France’s new fintech regulatory division. The Autorité des marchés financiers (AMF), France’s financial regulator, has a job ad on LinkedIn for a “Chargé de mission” for the new fintech division. It Read More.

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Regulation Fintech Compliance Innovation 150

PYMNTS

NOVEMBER 4, 2020

Some FinTech leaders say that this lack of modernization is at least partly to blame for the estimated $1.5 Trade finance players, including corporates, banks and regulators, are finally ready to embrace modernization and technology. As a highly regulated area of financial services, trade finance has struggled to enter the digital age.

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Regulation Tools Compliance Technology 234

Bank Innovation

APRIL 24, 2017

Fintech has another cousin. The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation.

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Regulation blockchain Fintech Technology 255

Bank Innovation

JULY 3, 2017

Who said regulators can’t be innovative? The Office of the Comptroller of the Currency (OCC) announced its Office of Innovation will host Office Hours for financial institutions and fintechs, to be held from July 24 to 26, at the OCC’s district office in New York City. Companies can request a slot by July 5.

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New York City Innovation New York Regulation 210

Chris Skinner

APRIL 6, 2017

I was listening to a financier talking about FinTech the other day, and claiming that they are all sustaining innovations and not disruptive. They were referring to Clayton Christensen’s innovator’s dilemma discussions, where Professor Christensen points to different markets that were destroyed by disruptors.

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Innovation Marketing Industry Regulation 271

Bank Innovation

JANUARY 17, 2019

regulators have taken a greater interest over the last year in technology startups promising to reinvent finance. This newfound attention is compelling the biggest names in fintech to prioritize a part of their business that’s often ignored.

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Regulation Fintech Compliance Financial Technology 150

Bank Innovation

JUNE 12, 2017

2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.

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Innovation blockchain Trends Capital 399