PYMNTS

JUNE 6, 2019

Around the world, banks and FinTech firms are addressing challenges associated with enabling fund disbursements in real time — and some markets are developing real-time networks faster than others. Though regulators and banks in the U.S. Why Cash Security Deposits Should Be the Exception to the Rule.

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Chris Skinner

MAY 12, 2017

Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech. Chris Skinner: The world’s leading-edge regulatory bodies are creating lighter regulations than one required for a full banking license. CS: That is one of the main differences.

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PYMNTS

JUNE 18, 2019

Movement to foster collaboration between FinTech firms and traditional financial firms continues to gather steam across the globe, aided by government encouragement and initiatives. FinTech Alliance debuted this week, with a roster that tops 500 members. The main thing that will be removed is lending. banking charter. …

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PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. Staying Updated.

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Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions. This is why he works on 3 key issues (in order of importance): Regulation.

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PYMNTS

AUGUST 14, 2019

For these transactions to run smoothly, however, communication must remain seamless and secure. In Southeast Asia, FinTech InstaReM recently released a new platform of its own. The Tracker explores how smooth payment flows can offer ecosystems improved speed, security and insights. Deep Dive: The Road to Real-Time Payments.

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PYMNTS

JULY 25, 2017

Protecting digital identities is all about keeping up — keeping up with new technology, new regulations and, of course, bad actors. . Meanwhile, Precise Biometrics is hoping to prevent biometrics fraud with a new mobile security suite. With new technology and capabilities comes new regulation. Around the Digital Identity World.

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PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. The lack of security cooperation between bankers and regulators also comes up for blame. Fraud is a Top Worry. Growing Awareness.

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PYMNTS

JANUARY 2, 2020

Banks and FinTechs in the European Union have settled into a period of harmony with the revised Payment Services Directive (PSD2). These financial institutions ( FIs) have recognized how this regulation has affected the EU financial ecosystem, and they have passed that familiarity onto the merchants and payment providers that work with them.

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PYMNTS

DECEMBER 4, 2020

Dutch antitrust regulators have launched an investigation into freedom of choice regarding payment apps and is eyeing Apple Pay’s limitations, Bloomberg reported. Although the antitrust regulator didn’t mention Apple by name, it said in a press release on Friday (Dec.

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PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct. Around the Digital Banking world.

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PYMNTS

AUGUST 14, 2018

No, not just in homeownership, but in business, too – and especially when it comes to upstart FinTech firms grappling with an ever-onerous compliance landscape. Risk also scales higher, as there exists the danger of missing the red flags that mean companies can run afoul of regulators and their compliance mandates. Build vs. buy.

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PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

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PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in regions such as Europe are changing the ways they look at cross-border transactions.

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PYMNTS

JANUARY 31, 2020

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Around The Data Protection And Security World. For more on this and other stories, visit the Tracker’s News & Trends section.

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PYMNTS

APRIL 2, 2018

The Securities and Exchange Commission (SEC) announced news on Monday (April 2) that it charged Michael Liberty, the founder of Mozido , the FinTech startup, with scamming investors out of their money. Unscrupulous operators make it difficult for ordinary investors to assess such ‘investment opportunities.’”.

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PYMNTS

DECEMBER 2, 2016

It’s certainly not the largest funding round the B2B FinTech industry has seen. According to its cofounder, Aditya Tulsian, incoming tax regulation changes, along with India’s recent demonetization, mean SMEs are going digital and will need to keep better track of funds. 1) that it secured $32.2 B2B eCommerce.

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PYMNTS

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. APIs and open banking growth.

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PYMNTS

JULY 18, 2019

The second Payment Services Directive (PSD2) is changing how banks share data and interact with third-party providers and FinTechs, which are now relying on open banking information and application programming interface (API) access to build out new products. PSD2 and the dawn of the platform . payments and financial innovations.

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PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

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PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators. Around The Digital Identity Landscape .

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PYMNTS

JUNE 3, 2020

Banks are working on a range of security solutions to stop them, including periodic API key rotation and advanced machine learning (ML) systems that can detect anomalous behavior. FinTech Frollo recently became the first non-bank to be granted access to this data when the ACCC offered it accredited data recipient (ADR) status.

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PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

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PYMNTS

APRIL 30, 2018

trillion; on security-related hardware, software and services at 10 percent a year from a 2018 base of $91.4 They’re also using software and cryptographic techniques and permissioned-based networks to digitize and move assets around the world faster and in a secure, compliant manner. Most of that spend will be concentrated in the U.S.,

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PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. The digital asset solutions provider, exchange operator and regulator, based in Malaysia, will also accept all major digital assets listed on SPEZA Digital Asset Exchange.

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Let's Talk Payments

AUGUST 5, 2017

Crowdfunding in Brazil consolidates and the equity modality gains security with its own regulation More than R$ 180 million has already been donated in Brazil through main traditional crowdfunding platforms,

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Maine Regulation Security America 100

PYMNTS

FEBRUARY 28, 2020

Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. CUs’ Tools To Secure Member Privacy .

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PYMNTS

OCTOBER 4, 2019

To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. This need to collaborate with FinTechs has ushered in a new trajectory in small business lending, one that has led to the rise in Banking-as-a-Service. The Open Banking Trajectory. In the U.S.,

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PYMNTS

MARCH 12, 2019

Any security mishap can send customers to one of the other digital banking apps that are ready and waiting for them. In the new Digital Banking Tracker , PYMNTS examines the ways digital banking is changing as security measures grow more stringent, and challenger banks look to amass more customers. About the Tracker.

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Chris Skinner

MAY 28, 2017

This week’s main blog headlines are … Should I buy some bitcoin now? With the move to less regulation in … Money Sandboxes Research I recently had exposure to two industry reports that are worth bringing to your attention. Good for those who have some. Bemusing for those who don’t. Here’s how it went ….BANK:

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PYMNTS

APRIL 3, 2018

Between the threat of FinTechs and small business owners’ increasing willingness to switch banking providers, financial institutions are waking up to the demand for better SMB services. This reality is often cited by small business FinTechs. Small business (SMB) banking is in need of an overhaul.

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Insights on Business

MARCH 26, 2018

At IBM Think, the premier business and technology conference, the main theme is “mankind + machine,” and during the Wednesday morning session with Ian Hurst and Sarah Diamond, IBM General Managers of Banking and Financial Markets, and Naresh Vyas, Royal Bank of Scotland Head of Solutions, that theme was on full display. Lastly, Ms.

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PYMNTS

NOVEMBER 6, 2019

The impact of the regulation on the way payments and authentication can be conducted is being felt throughout the EU, but regulators in a variety of markets are still evaluating how SCA can best be applied. Keeping Transactions Seamless As Security Needs Evolve. Around The PSD2 And GDPR World. About The Tracker.

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PYMNTS

NOVEMBER 9, 2018

That, in fact, is one of the main findings in the new Retail Innovation Readiness Index from PYMNTS, powered by FinTech firm AEVI. Innovation And Security. The report found that only 37 percent of businesses have said their innovation efforts are driven by data security concerns. Times have changed,” he told Webster.

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Chris Skinner

APRIL 16, 2017

This week’s main blog headlines are … Three rules for banking bots Writing more and more about chatbots, robots and AI, I can see a day coming in the not too distant future where we won’t be able to tell the difference between the human and the machine. Well, they don’t. But I am going to make one statement: most people are inherently good.

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PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Perhaps Cole’s biggest concern is the precedent it would set if Square is successful at securing such a charter.

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PYMNTS

OCTOBER 10, 2019

Many want more options and control when it comes to their security. percent of customers agreed that mobile transactions would be more secure if the consumers themselves had more control over their authentication options. Regulators as well as banks are searching for ways to keep launderers and other fraudsters out of online banking.

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