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FinTech Firms On The New FinTech Charter

PYMNTS

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability.

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Seven US States Seek To Simplify FinTech Licensing

PYMNTS

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

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Lightspeed Rolls Out Integrated System; Central JD Fintech Unveils Dolfin Wallet

PYMNTS

In addition, Central JD Fintech is introducing the Dolfin wallet in Asia , and AMS Public Transport Holdings Limited along with AlipayHK is launching a minibus mobile payment system also in Asia. The system integrates payment processing with a point of sale (POS) for merchants operating online and in physical stores.

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eCommerce Site JD.com Now Takes Digital Yuan

PYMNTS

The official, Gang Yi, reportedly said FinTech companies are better positioned than traditional banks to advance developments related to digital national currencies. While Chinese central bankers have said retail operations offer good opportunities to test digital currencies, they also have used food establishments.

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SMBs Accuse Kabbage Of Abruptly Canceling Credit

PYMNTS

Paul Bernardini, a company spokesperson, said in a statement that was cited by the outlet, “Like many other FinTechs, we have temporarily adjusted our lines of credit and are focused on supporting the SBA’s Paycheck Protection Program.”. The firm was also reportedly “completely” shutting down operations in Bangalore, India.

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Fintech Deals Are Still Happening – and It’s a Good Thing

Gonzobanker

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. operations with a soft landing of customers to Varo.

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In B2B, FinTech And Banks Eye (And Serve) SMB Capital Needs

PYMNTS

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. Within the FinTech space, there may be a resurgence of sorts for one firm. ”

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