PYMNTS

DECEMBER 16, 2020

According to Mexican regulators, the two companies in charge of the country's credit and debit settlements represent "a near monopoly," and big businesses need to sell shares in those companies, the Associated Press (AP) reported. Fraud is also highly typical because of this, the AP reported.

Regulation 209

Regulation System Cards Fraud 209

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.

Regulation 133

Regulation Fintech cryptocurrency Bitcoin 133

Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. Affirm says on its website that it sometimes reports users’ payment history to Experian, and it “may report loans with delinquent payments.”

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

JUNE 7, 2018

As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money laundering. It was the second major case new CEO Matt Comyn settled with regulators in a month, following an admission of rate manipulation.

Regulation 162

Regulation Fintech Examples Industry 162

PYMNTS

FEBRUARY 11, 2019

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. There seem to be no easy answers on just how to regulate the space.

Fintech 195

Fintech Lending Regulation Survey 195

PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

Regulation 158

Regulation Groups Operations Lending 158

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.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

FEBRUARY 18, 2020

FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. This is the first time a FinTech has purchased an actual bank.

Fintech 242

Fintech FDIC Boston Lending 242

PYMNTS

JULY 22, 2020

FinTech TradeCore rolled out a platform that helps new financial institutions (FIs) launch quickly and easily, according to a Financial IT report. CEO Stefan Pajkovic founded the company to help emerging FinTechs find their way through the industry’s regulations and licensing requirements.

Fintech 130

Fintech Compliance Regulation cryptocurrency 130

PYMNTS

OCTOBER 8, 2020

Also seen in this week’s roundup of the latest in Bank-FinTech innovations was Alacriti teaming with The Clearing House on real-time payments (RTP), while Singapore Banking-as-a-Service (BaaS) startup RootAnt concluded a seed round with $1.46 In addition, Monese adopted Thought Machine’s cloud banking platform. Europe and South Africa.

Innovation 301

Innovation Technology Fintech Payments 301

PYMNTS

FEBRUARY 16, 2017

Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. The agency did note, however, that it will deal with “errant VC managers” on a case-by-case basis and continue to retain its powers to regulate venture capitalists.

Regulation 183

Regulation Capital Fintech Innovation 183

PYMNTS

OCTOBER 27, 2020

Multinational investment bank UBS has launched the UBS Next platform in order to help invest in FinTechs and the "broader tech ecosystem," according to a press release. UBS Next will pursue direct investments in early stage FinTechs and other such companies.

Fintech 175

Fintech Groups Innovation Operations 175

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 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

Fintech 195

Fintech How To Innovation System 195

PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. MobileCoin complements the privacy-focused app in that it is “more resistant to surveillance,” according to a 2017 Wired report.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

PYMNTS

DECEMBER 2, 2020

India has responded by tightening investment rules for Chinese companies wishing to participate in the Indian market, which Reuters reported many Chinese firms have become involved in to expand their revenues beyond just Chinese sources. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he said.

Groups 179

Groups Report Regulation Fintech 179

PYMNTS

MAY 3, 2019

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. Regulators in New York want to prevent federal government agencies from granting FinTechs national licenses enabling them to loan and send money like a bank.

Fintech 156

Fintech New York National Regulation 156

BankInovation

JULY 26, 2021

The fintech industry will see a wave of consolidations in the coming six to 12 months as banks grab up fintechs and larger fintechs eat their own.

Trends 98

Trends Fintech Report Industry 98

PYMNTS

JANUARY 31, 2019

Mastercard has released its latest report on the FinTech landscape, with analysts fixing their eyes on the small business (SMB) community to drive competition and innovation. Another key trend is the role of SMBs, the report noted, claiming that small businesses were “the next battleground for FinTech.”.

Fintech 194

Fintech Innovation Trends Community 194

Bank Innovation

JANUARY 7, 2019

Fintech lending is on the rise but under the microscope, too. A report from the U.S.

Lending 199

Lending Fintech Regulation Data 199

PYMNTS

DECEMBER 11, 2020

A new funding round for the Stockholm-based FinTech Tink boosted the startup’s valuation over 60 percent to €680 million ($825 million), according to a CNBC report on Friday (Dec. Tech-friendly banking regulations in the U.K. 11), citing sources. In June, PayPal increased its stake in Tink from its 2019 investment of $11.2

Fintech 216

Fintech Capital Data Regulation 216

PYMNTS

APRIL 16, 2019

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. The banks have also agreed to share data on emerging markets. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. The Fed And FinTech Firms.

Fintech 211

Fintech San Francisco National Innovation 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.

Report 216

Report Fintech United States Meeting 216

PYMNTS

DECEMBER 27, 2020

and European Union (EU), which will help to define the future relations of the two entities, The Wall Street Journal (WSJ) reports. “So There won't be a free flow of workers between the two economies anymore, and there will be less trade, with London’s financial sector having less access to European markets. It is fair.

Regulation 213

Regulation Conference Fintech Report 213

PYMNTS

NOVEMBER 2, 2016

Finextra reported that Switzerland’s Federal Council is attempting to ease regulations on FinTech firms by the beginning of next year. The new plan will allow the Swiss Financial Market Supervisory Authority (FINMA) to introduce a less stringent license to firms in deposit taking.

Regulation 100

Regulation Fintech National Marketing 100

PYMNTS

NOVEMBER 3, 2020

The Shanghai Stock Exchange is delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, according to a Wall Street Journal (WSJ) report on Tuesday (Nov. That meeting now disqualifies Ant from listing on Thursday (Nov. More than 5 million people made orders in Shanghai for stock.

Groups 169

Groups Regulation Meeting Fintech 169

PYMNTS

DECEMBER 8, 2019

As a way to prevent unfair competition, the Financial Stability Board (FSB) said in a report on Sunday (Dec. Firms like Google, Alibaba and Facebook could be forced to share data with banks and FinTech firms. BigTech’s entry into finance has had benefits, like financial inclusion in emerging markets and underbanked economies.

Regulation 131

Regulation Data Google Fintech 131

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases. FinTech Efforts In Africa.

Fintech 167

Fintech Guidelines Mobile Training 167

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties. “GAO

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? A report by the Bank for International Settlements (BIS) found that when it comes to credit done through nascent technological platforms, boons and risks are afoot. China was the largest market, yet volume has declined in recent periods.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

DECEMBER 11, 2019

So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. We had to deal with credit and trust issues very quickly,” he said, echoing other FinTech leaders and entrepreneurs who operate in the Middle East and in the Gulf countries. “We But in a new PYMNTS interview on Tuesday (Dec. In fact, the U.K.’s

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

JANUARY 8, 2021

The FinTech group is reportedly mulling setting aside a significant number of shares for users if it goes public, but it has yet to make any final decisions, according to Bloomberg, who cited unnamed sources. The FinTech was valued at around $11.7 The FinTech offers a brokerage app that is often favored by inexperienced investors.

Massachusetts 363

Massachusetts Fintech Millennials Retail 363

PYMNTS

NOVEMBER 5, 2018

China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. This comes as Ant Financial, the Chinese FinTech giant and an affiliate of Alibaba Group, posted an earnings pre-tax loss of 2.4 Reuters cited two sources at the time.

Regulation 128

Regulation Company Taxes Groups 128

PYMNTS

APRIL 11, 2016

the continued movement toward bringing fledgling FinTech startups to flight is gaining traction. Regulating such a fast growing market means some trial and error, however, will be par for the course. As might be expected, firms across the pond are watching this regulator/incubator relationship. In the U.K.,

Regulation 100

Regulation Fintech Innovation Course 100

PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

Fintech 188

Fintech Regulation cryptocurrency Innovation 188

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

FEBRUARY 15, 2018

As was widely reported this past week, seven of them are trying to do so. Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses.

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. has also sought clarity on regulations as a means to better compete against established banks.

Lending 102

Lending Regulation Fintech Study 102