PYMNTS

APRIL 12, 2019

But FinTechs and financial institutions are increasingly crafting partnerships designed to help them both thrive in this global world of digital payment and commerce. And technology — in this case, mobile point-of-sale technology — can serve as a kind of matchmaker. New Payment Flows.

Fintech 168

Fintech Innovation Mobile Payments 168

PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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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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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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Let's Talk Payments

JUNE 4, 2019

Business impacts, new frameworks, and managerial implications The rise of the ever-growing relationship between technology and financial services is bringing significant changes to the banking industry, which is becoming a battleground where competition is developing to be increasingly multifaceted.

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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.

Maine 100

Maine Lending Regulation Risk Management 100

CFPB Monitor

AUGUST 15, 2018

Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe. Develop a “global sandbox” for business to consumer (B2C) or business to business (B2B) firms to trial and scale new technologies in multiple jurisdictions.

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Regulation Fintech United States Innovation 68

PYMNTS

APRIL 29, 2020

Today, there remains a broad spectrum of positions that regulators and financial service providers hold when it comes to working with crypto businesses. As traditional banks decide whether to dip their toes into the industry or not, the gap has created an opportunity for FinTechs to step in.

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

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

AUGUST 14, 2019

In Southeast Asia, FinTech InstaReM recently released a new platform of its own. Shifting regulations and emerging technologies are enabling payments to move across borders faster, but it can be difficult to track payments as they move and achieve interoperability between different payment systems across the globe.

Fintech 168

Fintech Payments Cards Regional 168

PYMNTS

DECEMBER 13, 2018

Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing.

Regulation 135

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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. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

OCTOBER 22, 2018

Despite the rise of FinTech firms and challenger banks hoping to offer small businesses (SMBs) a better banking experience, large traditional financial institutions (FIs) continue to hold the dominant position in the SMB financial services (FinServ) space. Yet, the report also shows the limitations of the U.K.’s

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Fintech Maine Survey Regulation 155

PYMNTS

JANUARY 9, 2018

INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs. In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

JANUARY 11, 2018

While the data included business loans, Magilla noted that mortgages are the main driver behind this trend. plan to expand lending activity, and even as they collaborate with FinTechs, analysts warn that FIs haven’t yet been able to address the $1.5 “Common concerns, such as KYC, are also being allayed by technology.”

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Chris Skinner

MARCH 19, 2018

The comment that was reported was the following: Chris Skinner, a financial technology author, said it was “complete rubbish” to suggest the main … The post The lies spread by bankers about cryptocurrencies appeared first on Chris Skinner's blog.

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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.

Regulation 188

Regulation Regional Data United States 188

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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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.

blockchain 177

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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. That technology foundation [is] truly our crucial enabler for that strategy.”.

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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. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

Video 211

Video Report Meeting United States 211

PYMNTS

NOVEMBER 10, 2020

The November Smarter Payments Tracker® examines how FIs and FinTechs are innovating to deliver more compelling cross-border and international banking offerings. It also looks at the role of Banking-as-a-Service (BaaS) solutions in powering FIs’ and FinTechs’ efforts to cater to expatriates and immigrant workers. About The Tracker.

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PYMNTS

APRIL 9, 2018

challenger bank CivilisedBank announced plans to release its banking license to instead focus on developing its underlying infrastructure and technology. The Financial Conduct Authority and Prudential Regulation Authority have been notified of the plans, the firm added. According to CivilisedBank, Warwick is its lead investor.

Maine 134

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PYMNTS

MARCH 26, 2018

The red tape of regulation. But the most recent research suggests entrepreneurs are also clear about what is helping them grow, and what they are looking for in terms of technology, professional support and beyond. A lack of access to capital. The burden of administrative tasks. Even more – 97.5 69 percent of U.K. 20 percent of U.K.

Survey 193

Survey Regional Capital Data 193

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. with an $18 million investment. B2B eCommerce.

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Fintech Capital Lending Taxes 100

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). Australian regulators are still deciding how Open Banking will affect FIs within their country.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Will an instant GPI be next?

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PYMNTS

APRIL 30, 2018

Now, it’s true that some companies — including some very big names across many important sectors of the economy — are taking measured steps and experimenting with blockchain tech — aka distributed ledger technology (DLT) — in the support of use cases that address tough problems. And to learn.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

OCTOBER 4, 2019

To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. They view themselves as technology companies … On the other side of the spectrum, you’ve got community banks and credit unions.” “This is an extraordinary thing. In the U.S.,

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PYMNTS

FEBRUARY 27, 2018

Analytics technologies like machine learning, artificial intelligence (AI) and robotics process automation (RPA) turned cash flow forecasting into more of a science than it’s ever been. though, Ceterus has been forced to work around the current limitations of data sharing between banks and FinTechs. In the U.S., In the U.S.,

Data 100

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PYMNTS

AUGUST 19, 2016

The Future Of FinTech? Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. “FinTech will have a big impact on financial services.” Making Startups Thrive.

Fintech 100

Fintech Mobile Guidelines System 100

PYMNTS

DECEMBER 27, 2019

With regulations surrounding data ownership, privacy and open banking now in full swing in multiple markets around the globe, opening up account data is now a requirement for many financial institutions (FIs). They view themselves as technology companies … On the other side of the spectrum, you’ve got community banks and credit unions.”.

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Community Bank Fintech Data Community 132

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.

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William Mills

SEPTEMBER 15, 2016

As the influence of technology continues to transform the way financial services organizations conduct business, BAI merged these two conferences into one innovative and immersive conference, which takes place on Oct. 28 – 31st at Chicago’s McCormick Place.

Maine 40

Maine Conference Industry Retail 40

PYMNTS

FEBRUARY 6, 2019

FinTech firms can join the sandbox beginning next month. The news follows reports at the end of last year that said the United Arab Emirates (UAE) would also debut a regulatory sandbox, aimed at the FinTech realm and initial coin offerings (ICOs). Amid blockchain projects that stop and go, one has been stopped.

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blockchain social media Groups Fintech 191

PYMNTS

FEBRUARY 21, 2018

The trio recently announced that Australian customers who own an Amazon Echo smart speaker would be able to check on personal finances using voice technology, and all via the creation of banking skills for Amazon’s Alexa AI software. Meanwhile, Emma Technologies LTD has celebrated an AI milestone. contact-form-7]. About the Tracker.

Digital Banking 163

Digital Banking Fintech Software Operations 163

PYMNTS

SEPTEMBER 19, 2019

FIs are thus turning to a host of technologies to protect customers from account opening and other mobile channel fraud forms. Account opening fraud can be difficult to detect because it is often tied to data breaches at other banks or FinTechs, meaning banks do not yet have the data necessary to recognize illegitimate customers.

Fraud 144

Fraud Data Mobile Tools 144