PYMNTS

NOVEMBER 27, 2019

Small businesses are a growing target for bank-FinTech collaborations and data integration initiatives as financial service providers explore new use cases for open banking. In this week’s roundup of the latest B2B applications of bank-FinTech collaboration and open banking initiatives, PYMNTS looks at new data integration models.

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Fintech blockchain Data National 227

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. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later.

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PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. A study from the Cifas National Fraud Database found that identity theft against consumers over the age of 61 rose by 22 percent in 2019, contributing to an 18 percent increase in identity theft overall.

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Technology Report Fraud Study 208

PYMNTS

FEBRUARY 16, 2017

According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.

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Regulation Capital Fintech Innovation 183

PYMNTS

AUGUST 3, 2018

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. FinTech Improvements.

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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.

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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.

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PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The agency first proposed a special banking charter for FinTechs in 2014 that would limit pushback from the Federal Deposit Insurance Corp.

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PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

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PYMNTS

JULY 17, 2018

The movement toward linkups between traditional financial institutions (FI) and FinTech firms seems an inexorable one — in the cross-selling of corporate services into consumer bases that embrace individuals and, typically, small- to medium-sized businesses (SMBs). However, looking elsewhere beyond U.S.

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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). As previously reported, Saudi Arabia has trained sights on FinTech as well, specifically in Riyadh.

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PYMNTS

FEBRUARY 15, 2018

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. That comes as Open Banking bowed in Europe last month.

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CFPB Monitor

JANUARY 19, 2022

federal district court in December 2020 seeking to block the OCC from granting a national bank charter to Figure Technologies Inc. The lawsuit represented the CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies or to uninsured deposit-taking fintechs.

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Technology National FDIC Fintech 78

PYMNTS

DECEMBER 14, 2018

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms. “The modern-day client expects a seamless transaction experience,” he said.

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Fintech Payments Innovation Regulation 192

PYMNTS

NOVEMBER 12, 2020

Visa Unveils FinTech Partnership Program In Europe. FinTech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” according to a representative for the company in an email announcing the effort. Plus, Railsbank has closed a $37 million funding deal.

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PYMNTS

SEPTEMBER 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending. The agency regulates, supervises and charters national banks and is an independent bureau within the Treasury.

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Lending Regulation Conference Study 100

PYMNTS

OCTOBER 16, 2019

The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. The fact is that the financial system … is the most heavily regulated part of the economy. He said that regulation is an important aspect of the field.

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PYMNTS

AUGUST 30, 2016

Singapore is preparing for a FinTech revolution. The small nation is making a big push in support of FinTech innovation by reforming its payment laws. “It would also give MAS the flexibility to address emerging risks, such as cybersecurity, interoperability, technology and money laundering and terrorism financing. .

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Fintech National Regulation Innovation 117

PYMNTS

MARCH 7, 2017

Speaking in front of the LendIt conference in New York yesterday (March 6), Comptroller of the Currency Thomas Murray told those assembled that the oversight body will go forward with plans to offer banking charters to fintech companies. That’s wrong. Nor is the OCC “somehow mixing banking and commerce,” says Murray.

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Fintech New York Conference National 100

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

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Google National Fintech Regulation 142

Bobsguide

MAY 29, 2019

Payments markets are changing drastically, forced by the hand of national and regional regulators as well as a technological advances driving at an incredible pace. Banks and other financial institutions are sitting up to take note. Here, bobsguide speaks with Mohammed Kateeb, group chairman and.

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Regional National Fintech Regulation 160

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.

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CFPB Monitor

AUGUST 7, 2020

On July 31, 2020, the Office of the Comptroller of the Currency (OCC) approved the national bank charter application of Varo Bank, N.A., a wholly-owned subsidiary of fintech Varo Money, Inc. team — the first consumer fintech to receive a national bank charter. The water’s fine!”. Varo Bank, N.A.’s Varo Bank, N.A.’s

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American Banker

APRIL 4, 2024

The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit National Bank, which engages in banking-as-a-service.

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CFPB Monitor

MAY 4, 2021

federal district court seeking to block the OCC from granting a national bank charter to Figure Technologies Inc. The lawsuit represents CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies. 7.4007, 7.4008, 34.4)

Technology 78

Technology National Regulation FDIC 78

PYMNTS

AUGUST 30, 2016

Singapore is preparing for a FinTech revolution. The small nation is making a big push in support of FinTech innovation by reforming its payment laws. “It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. .

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Fintech Cyber Security National Regulation 101

PYMNTS

SEPTEMBER 11, 2018

In FinTech and FI collaborations , borders fall to bits and bytes. On FinTech collaboration writ large, Singapore and Dubai are working together to encourage strides in digital payments and commerce done by mobile means. The goal is to deliver financial services through emerging technology, said the entities.

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Fintech Big Data Tools Management 161

CFPB Monitor

NOVEMBER 22, 2022

That Order directed the Secretary of the Treasury to issue a report assessing how the entry of large technology firms and other non-banks into consumer finance markets has affected competition. The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

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Fintech Report Data Lending 78

CFPB Monitor

JUNE 7, 2021

Court of Appeals for the Second Circuit has ruled that the lawsuit filed by the New York Department of Financial Services (DFS) seeking to block the OCC’s issuance of special purpose national bank (SPNB) charters to non-depository fintech companies should be dismissed for lack of Article III standing.

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New York Fintech National Regulation 78

Celent Banking

JANUARY 26, 2017

The timing is also interesting, as only two weeks ago outgoing President Obama’s National Economic Council (NEC) released a new whitepaper called A Framework for FinTech. The NEC, a policy advisory unit of the White House established in 1993, proposed 10 high-level principles designed to move the US fintech industry forward.

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Regulation Policies Philadelphia Fintech 100

PYMNTS

JULY 4, 2018

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). In addition, the EBA said banks might be burdened with old technology, Reuters reported. s exit from the bloc next year.

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PYMNTS

OCTOBER 21, 2020

The EBF represents the vast majority of the European banking sector through its membership, spanning 32 national banking associations from across Europe, which in turn encompass more than 3,500 banks. The banking sector has always been driven by technology, said Maniati, and the cloud can help underpin that resilience.

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CFPB Monitor

JANUARY 5, 2021

federal district court to block the OCC from granting a national bank charter to Figure Technologies Inc. federal district court challenging the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies.

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Conference Technology District of Columbia FDIC 78

PYMNTS

JANUARY 13, 2021

In today’s top payments news around the world, Globe Fintech Innovations has landed $175 million in additional venture funding, while Airtel has teamed with Amazon to launch a mobile-only video entertainment platform. Globe Fintech, which is called Mynt, said Bow Wave Capital Management and existing investors took part in the fundraise.

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Payments Source

DECEMBER 20, 2018

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

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FDIC Regulation Fintech Policies 62

Insights on Business

JULY 11, 2018

Technological innovation is a reality that is impacting every facet of society. Technological innovation is a reality that is impacting every facet of society. No area of human endeavour from retail, to transportation, to banking has not seen some form of disruptive technology replace the long-established modus operandi.

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Technology Innovation Operations Compliance 185

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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Fintech blockchain Maine Guidelines 136