Maryland EWA legislation draws protest
Payments Dive
JANUARY 25, 2024
A Maryland bill calling for some earned wage access providers to be registered and licensed has triggered opposition from fintech advocates.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Payments Dive
JANUARY 25, 2024
A Maryland bill calling for some earned wage access providers to be registered and licensed has triggered opposition from fintech advocates.
PYMNTS
NOVEMBER 16, 2020
Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. Larry Hogan vetoed the levy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
SEPTEMBER 17, 2020
The privately-held FinTech was founded in 2012 as an installment loan provider for shoppers to finance a purchase. The funding initiative was led by returning investor GIC, a wealth fund established by the Singapore government, and Durable Capital Partners, a Maryland investment company, the release stated. million U.S.
CB Insights
NOVEMBER 6, 2019
The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. KEY TAKEAWAYS.
CB Insights
OCTOBER 26, 2017
Following our previous mapping of the most well funded startups in each state and most well funded food & beverage startups in each state , we used CB Insights database to identify the most well-funded private fintech startup in each state. FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Click on the image below to enlarge.
PYMNTS
JULY 29, 2019
In many cases, it also requires partnering with emerging FinTechs that are able to quickly deliver the innovations members want most. Speaking of efficiency, a new service from a Maryland-based CU aims to simplify the small dollar loan application process.
Independent Banker
NOVEMBER 30, 2022
In addition, community banks need to evaluate their partnerships with fintechs and other third parties. Partnering with fintechs and new entrants can offer useful means to bring new products to market, but community banks should recognize that these new technologies may introduce new risks to consumers,” says a CFPB spokesperson.
PYMNTS
JULY 31, 2019
The state of Maryland has launched a new eProcurement system for the Maryland Department of General Services following a collaboration with source-to-pay and eProcurement FinTechs. With the successful launch of eMMA release 1.0,
Independent Banker
AUGUST 31, 2021
The financial services industry is acting on this digital demand, incorporating fintech solutions, instant payments offerings and crypto banking products. For example, enabled by application programming interfaces (APIs), many community banks are embracing fintech solutions. Colleen Morrison is a writer in Maryland.
Fintech Labs Insights
SEPTEMBER 1, 2020
Missed this fintech event from NYC-based entrepreneur network Entre in June (2020). The competition pitted six fintech companies against each other to win a bag of in-kind services (design, legal, etc). Related: The 18 Fintech Startups in the 2020 INC 500. The 27 Fintech startups from YC’s Summer 2020 batch.
CFPB Monitor
SEPTEMBER 25, 2018
Noting, among other things, “retrenchment” on the federal level, the Maryland Financial Consumer Protection Act of 2018 ( HB 1634 ) was signed into law on May 15, 2018. Requires the Office of the Commissioner of Financial Regulation to study Fintech regulation. Changes relating to collection activity.
Independent Banker
DECEMBER 31, 2022
CB Insights revealed that Q3 2022 fintech investments in payments continue to dominate financial services, with early-stage deals reaching a record high even as overall funding begins to cool. When it comes to payments, there are opportunities out in the market to partner with fintechs,” says Chris Doyle, president and CEO of $2.1
PYMNTS
FEBRUARY 24, 2017
Locations on the radar for new Coinsource ATMs in 2017, according to Sharp, included in Maryland, Massachusetts, Washington, D.C., Last month, the central bank and government of the United Arab Emirates had drawn up regulatory frameworks for FinTech and digital payments at large. machines per week. We hope to double that this year.”.
Independent Banker
NOVEMBER 30, 2022
He uses fintech providers to deploy AI to foil hackers and to guard against ransomware attacks for its vendors and the bank itself. Elizabeth Judd is a writer in Maryland. For Ohlendorf, using AI for data security is critical but not something that he’d tackle on his own.
CB Insights
MARCH 13, 2019
They include cybersecurity company StackPath ($180M) and fintech companies Opera Solutions ($122M) & Petuum ($108M). There are 7 unicorn startups on our map: agtech startup Indigo Agriculture ($3.5B 12 startups on the map have raised over $100M in disclosed equity funding. Bastille Networks. IDx Technologies. RiskGenius. Clone Algo.
CFPB Monitor
SEPTEMBER 10, 2020
In the past, “true lender” attacks have been launched or threatened by state authorities against high-rate bank/nonbank lending programs in DC, Maryland, New York, North Carolina, Ohio, Pennsylvania and West Virginia.
Independent Banker
FEBRUARY 28, 2023
Everything we do, all the fintechs that we use—if you’re going to settle a payment, it has to go through your core provider to get through your system,” she says. “So, Colleen Morrison is a writer in Maryland. Reagin agrees, emphasizing the enhanced role that core providers will play to accommodate FedNow.
PYMNTS
FEBRUARY 17, 2017
The FinTech space, this time around, carried almost all of the activity for the week. Founded in 2014, the Maryland-based company has grown rapidly over the past few years. Slightly more than $120 million in investment fund flows marked the week that ended Feb. industries.
PYMNTS
AUGUST 8, 2019
A California-based FinTech firm, Earnin’ offers consumers up to $100 of their paycheck per day in advance of their next payday. The DFS’ investigation will be conducted alongside regulators in Connecticut, Illinois, Maryland, New Jersey, North Carolina, North Dakota, Oklahoma, Puerto Rico, South Carolina, South Dakota and Texas.
Independent Banker
JANUARY 31, 2023
Resources exist to provide varying degrees of data review, starting with core providers and other third-party partners, including fintechs that specialize in data analytics and industry consultants who are familiar with both banking and data analysis. “If Colleen Morrison is a writer in Maryland. This could lead to disparate impact.
Independent Banker
JANUARY 31, 2022
Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. Colleen Morrison is a writer in Maryland. Photo by Traveler1116/iStock. The FedNow Service is launching in early 2023, giving community banks about a year to plan. By Colleen Morrison. The clock is ticking.
Fintech Labs Insights
MARCH 1, 2016
Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Seven weeks into the new year, fintech companies have raised $4.7 Here are the fintech deals by size from 20 Feb to 26 Feb 2016: LoanZen. Trusted Knight.
PYMNTS
SEPTEMBER 22, 2017
Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. The European Union is also gearing up to promote new, continent-wide mandates that would promote FinTech growth and investments, especially post-Brexit.
Fintech Labs Insights
NOVEMBER 12, 2015
It was a quieter week in fintech fundings. HQ: National, Maryland. The post Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12 appeared first on Finovate. And we are not sure if the NCR inflow should even be considered “new money.” HQ: New York City. Source: Crunchbase , LevelFunded. FinTecSystems.
Fintech Labs Insights
MAY 2, 2017
The recent news that due diligence innovator OutsideIQ agreed to be acquired by compliance specialist, Exiger, is a sign that the RegTech revolution in fintech is real. Additionally, Exiger serves clients worldwide through its offices in New York, Toronto, London, Hong Kong, Singapore, and Silver Spring, Maryland.
Fintech Labs Insights
JUNE 6, 2016
Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). HQ: Glenwood, Maryland. The post Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13 appeared first on Finovate. Total dollars raised YTD is now $14.7 billion, more than twice the $6.7 billion raised during the same period a year ago.
Fintech Labs Insights
OCTOBER 26, 2015
HQ: Burtonsville, Maryland. The post Fintech Fundings: 27 Companies Raise $420 Million Week Ending October 23 appeared first on Finovate. Source: Crunchbase. Payment management . Latest round: $20 million. Total raised: $20 million. Source: FT Partners. Wave Crest Group. Prepaid card platform. Latest round: $14 million.
Fintech Labs Insights
JUNE 26, 2015
Less than a year after making their debuts at FinovateFall 2014, EverSafe and MaxMyInterest are back in the Big Apple, presenting their technologies as part of New York’s 2015 FinTech Innovation Lab Demo Day. EverSafe is headquartered in Columbia, Maryland, and was founded in January 2012.
Fintech Labs Insights
AUGUST 25, 2015
The Maryland-based company has hired Joe Sander (pictured right) as new CEO. Application protection service for mobile, desktop, and embedded server applications, Arxan , announced a company change today. Sander, a veteran of Harmony Information Systems, a Healthcare IT organization, specializes in scaling growth-oriented companies.
Fintech Labs Insights
OCTOBER 17, 2016
Alkami Technology is partnering with credit union service organization, Open Technology Solutions (OTS), to bring its ORB Digital Banking Platform to member CUs in states from Colorado to Maryland. The company earned a spot on Fintech Forward’s “20 Companies to Watch” this fall, as well. Mike Hansen is CEO.
Fintech Labs Insights
FEBRUARY 24, 2016
Lending Club opens to retail investors in Maryland and North Dakota, bringing its total to 45 states & Washington D.C. Peel Hunt Technology Sector Report highlights Featurespace. ThreatMetrix Enters Into Agreement with FUJI SOFT to Provide Online Fraud Solutions to Japan. Spend Matters interviews Cedric Bru, Taulia CEO.
PYMNTS
SEPTEMBER 24, 2020
The news follows Instacart’s agreement earlier this month to add the 7-Eleven convenience store chain to its online ordering platform, with plans to initially start making deliveries from 750 stores across the country in a first phase covering Virginia, Maryland, Washington, D.C., Florida and Texas.
Fintech Labs Insights
FEBRUARY 26, 2016
The Maryland-based company will use the funds to expand sales and marketing efforts and accelerate product development. Data security company Trusted Knight closed a Series B financing round this week. The amount of the funding was undisclosed, and specific investors were not named.
CFPB Monitor
NOVEMBER 1, 2021
With help from Ballard Spahr colleagues Mindy Harris and Ron Vaske, I have now completed a months-long project in updating and expanding a 2017 White Paper addressing bank-model lending—programs involving partnerships between banks (or savings associations) and fintech or other nonbank companies in the interstate delivery of loans.
Fintech Labs Insights
MAY 12, 2015
HQ: Frederick, Maryland. Metrics: Some With Group has raised over $3M from its founder, with modest friends and family support. First revenue in November 2014. Nine employees, eight outsourced technologists. Product distribution strategy: Direct to Business (B2B). Founded: October 2013. Website: someonewithgroup.com. Twitter: @Some1WithGroup.
Fintech Labs Insights
OCTOBER 7, 2015
has branches located primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A.
Independent Banker
JULY 31, 2022
Forge partnerships, especially with fintechs. Elizabeth Judd is a writer in Maryland. “The graying of the industry is a big problem for community banks,” says Adkins. “My My advice is to bring in young people and give them a wide berth.”. ?
Independent Banker
APRIL 30, 2022
A: We have been fortunate to develop deep partnerships with some great fintechs. Colleen Morrison is a writer in Maryland. Michael Bartkoski, executive vice president and chief operating officer NBKC Bank. Q: What has led NBKC’s growth? William Atkinson is a writer in Illinois. Ed Avis is a writer in Illinois.
Fintech Labs Insights
AUGUST 14, 2015
Since June 1 we’ve seen 189 fintech deals globally raising a total of $3.1 ——— Fintech Unicorn Watch : Along with Yodlee’s near-unicorn exit , another apparent fintech unicorn was crowned when London-based Skrill (formerly Moneybookers) was acquired by Optimal Payments for a reported $1.2
William Mills
SEPTEMBER 12, 2017
This technology powers a ton of other FinTech companies (something that I don’t think most people know). Provides an Application Program Interface (API) for Fintech apps to connect to banks. I’m thinking that they are making it easier for FIs to connect to new FinTechs through their APIs. “We
Independent Banker
MAY 31, 2022
Both Fintel Connect and Finzly are about democratizing access to best-in-class fintech solutions, so banks don’t have to rely on expensive, complex, difficult-to-deploy solutions. Colleen Morrison is a writer in Maryland. Senyard: When you look behind a waterfall, you see you have a series of ledges that leads to the top.
CFPB Monitor
APRIL 26, 2022
First, they are consistent with the agency’s stated intent to increase scrutiny of fintech firms, as it could allow the CFPB to conduct in-depth examinations of fintech firms over which it presently has no clear supervisory jurisdiction. These moves by the CFPB are notable for two reasons.
CFPB Monitor
JUNE 15, 2022
Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado. California is far from alone in its criticism of such partnerships. Other state authorities that have launched or threatened “true lender” attacks against bank-model programs include authorities in D.C.,
CFPB Monitor
MAY 12, 2021
While most of the legal action in this space has been in the context of high-rate programs, with APRs near or in excess of a triple-digit range, authorities in Colorado and Maryland have challenged programs with APRs of 36% or less.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content