CFPB Monitor

MAY 19, 2022

Loans that remained unpaid after a “delinquency period” were referred by SoLo to collection agencies that were permitted to retain 30% of all payments received on defaulted loans. SoLo also charged other fees on delinquent loans, including an administrative fee, a synapse transaction fee, and a 20% recovery fee for its collection efforts.

Connecticut 78

Connecticut Operations Fintech Regulation 78

PYMNTS

SEPTEMBER 6, 2018

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. For FinTech firms, doing the chasing all on their own is a losing proposition. Plugging In To Plugins.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

JUNE 8, 2020

The scheme by the “Modern Money Team,” as Putnam referred to the entire operation, was reportedly to offer investors “cryptocurrency trading packages” they had purchased, which could have ostensibly been used for “arbitrage” opportunities at Bitfinex.

blockchain 131

blockchain Analytics Utah cryptocurrency 131

PYMNTS

JANUARY 28, 2020

The problem often stems from the environment in which they are operating — one that can put the brakes on innovation, even when innovation is key to thriving. As Owens put it during the PYMNTS podcast discussion, referring to the services that underlie those efforts, “Do you buy it, build it yourself or partner with somebody?”

Fintech 169

Fintech Digital Strategies Mobile Resources 169

PYMNTS

AUGUST 21, 2018

Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. The insurance FinTech, said the site, will seek to offer insurance contracts that are binding in real time, whereas traditionally insurance companies have finished the process. The FinTech is Finserve Africa.

Fintech 101

Fintech Lending Groups Digital Strategies 101

Insights on Business

FEBRUARY 19, 2016

This phenomenon is also being referred as an “ Uber moment ” in the banking industry. These firms collectively known as FinTechs or Financial Technology firms are disrupting the banking industry by dis-intermediating across a banking customer’s financial value chain. What can banks learn from the FinTechs?

Fintech 132

Fintech Video Lending Industry 132

Insights on Business

FEBRUARY 19, 2016

This phenomenon is also being referred as an “ Uber moment ” in the banking industry. These firms collectively known as FinTechs or Financial Technology firms are disrupting the banking industry by dis-intermediating across a banking customer’s financial value chain. What can banks learn from the FinTechs?

Fintech 93

Fintech Video Lending Industry 93

PYMNTS

JULY 7, 2020

FinTech AeroPay has launched a new suite of digital payment solutions intended for cannabis businesses, according to a press release. The company calls its strategy “smart bank transfers,” referring to the way the tech can handle the entire cannabis supply chain from grow ops and suppliers to retailers and drivers.

Payments 185

Payments Survey Industry US 185

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. ” By enabling financial institutions to cross-reference invoices and other trade documents, financiers can mitigate this risk — thus, connecting SMBs to faster, more affordable capital.

Fintech 120

Fintech blockchain Data Capital 120

PYMNTS

MAY 18, 2017

The rise in B2B FinTech has complicated the picture of treasury management, forcing it to rethink its position in the enterprise. What we find is a lot of clients out there have multiple systems to perform these capabilities,” he said, in reference to financial, trading and risk management systems.

Fintech 101

Fintech Risk Management Management Data 101

Insights on Business

FEBRUARY 19, 2016

This phenomenon is also being referred as an “ Uber moment ” in the banking industry. These firms collectively known as FinTechs or Financial Technology firms are disrupting the banking industry by dis-intermediating across a banking customer’s financial value chain. What can banks learn from the FinTechs?

Fintech 70

Fintech Video Lending Industry 70

Insights on Business

FEBRUARY 19, 2016

What should be their strategy for Digital Banking transformation and what they can learn from FinTech innovation? This phenomenon is also being referred as an “ Uber moment ” in the banking industry. What can banks learn from FinTech Innovation?

Fintech 70

Fintech Innovation Lending Video 70

Bank Innovation

APRIL 27, 2018

The program, which Synechron refers to as its Regtech Accelerator Program, went live yesterday. EXCLUSIVE - Technology services provider Synechron launched a regtech program focused on helping its financial services clients on regulatory compliance issues.

Compliance 236

Compliance blockchain Technology Operations 236

Bank Innovation

MARCH 30, 2018

These changes were established by the Bank of England in 2011, and is referred […]. The major U.K. bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation.

Online 220

Online National Regulation Mobile 220

PYMNTS

AUGUST 10, 2020

We’re talking lay sellers, not savvy operators with digital storefronts. Mercari did this in much the same way FinTechs are conquering finance: by breaking out one discrete function — like peer-to-peer (P2P) transfers — and making that the whole business. Spiking sales volumes couldn’t stem operating losses of 19.3

US 278

US America Online Mobile 278

Bank Innovation

JUNE 15, 2017

When I refer to the two terms I’m typically referring to the distinction between operational efficiency achieved through digital means and the transformation of business activity to digital environments. The difference is profound and generally misunderstood.

Tools 275

Tools Technology System Operations 275

CFPB Monitor

MAY 6, 2019

We think it clear that the statutory reference to the “business of banking” is not “plain and unambiguous.” The court’s conclusion on this point strikes us as incorrect and outcome-oriented. The court’s textual analysis started with a review of the powers of national banks under the NBA.

Fintech 68

Fintech New York National Regulation 68

CFPB Monitor

JANUARY 9, 2019

federal district court in October 2018 by the Conference of State Bank Supervisors (CSBS) to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. The OCC has filed a motion to dismiss the lawsuit filed in D.C. The OCC’s rule (12 C.F.R. Section 5.20(e)(1))

Fintech 60

Fintech Regulation New York National 60

PYMNTS

SEPTEMBER 16, 2016

Before we jump into the post, here are a few quick facts about Mexico and its tech scene: The country of Mexico has roughly 121 million people and is often referred as the “most populous country in LAT” due to its large population and economy. Mexico’s GDP is $1,144 billion, while the current GDP per capita is $9,517.

Fintech 100

Fintech Capital Millennials Mobile 100

PYMNTS

DECEMBER 26, 2019

The term was coined by Chinese eCommerce giant Alibaba , and it refers to the broad umbrella of changes in retail as companies continue to adapt to the new world. The move is indicative of the trend toward “new retail,” which is the blending of eCommerce and traditional retail. The Vietnamese eCommerce market is projected to hit $4.6

Retail 130

Retail Groups Maine Google 130

PYMNTS

APRIL 4, 2019

With specific reference to credit, he said it is increasingly hard for traditional financial players to log profits in a world where cash-back offerings and rewards have become the norm and not a differentiator. FinTechs are viewed as collaborators , and per the PYMNTS/i2c research, only 6.5 “Just a facelift is not enough.

Innovation 119

Innovation Fintech Survey Customer Experience 119

PYMNTS

DECEMBER 4, 2018

The platform could, for instance, help cars navigate: According to GM Global Technology Operations LLC in the patent application, “It is desirable to provide locations, information and densities of vehicles in regions in an online blockchain ledger for interoperable information-sharing between vehicles of participants for use in navigating routes.”

blockchain 148

blockchain Bitcoin Guidelines New York 148

Lex Sokolin

FEBRUARY 18, 2021

The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Let’s narrow down the story to Fintech, using data from Spactrack. With a bit of Excel wizardry, we can see that the first quarter in 2021 has seen 12 Fintech vehicles, while the last quarter for 2020 was at about 8.

Capital 52

Capital Fintech US Lending 52

Lex Sokolin

FEBRUARY 18, 2021

The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Let’s narrow down the story to Fintech, using data from Spactrack. With a bit of Excel wizardry, we can see that the first quarter in 2021 has seen 12 Fintech vehicles, while the last quarter for 2020 was at about 8.

Capital 52

Capital Fintech US Lending 52

PYMNTS

FEBRUARY 14, 2018

The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. TruFin reportedly raised the funds via its float on the London Stock Exchange, according to BQ Live on Tuesday (Feb.

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

DECEMBER 6, 2018

Enterprise technology conglomerate Oracle is giving a B2B FinTech a boost of support through its startup mentorship program. The collaboration will link Previse to the 430,000 enterprise clients currently within the Ecosystem, the firm said, while Oracle will also provide “mentorship and operational assistance” to Previse. “We

Big Data 122

Big Data Technology Data Company 122

PYMNTS

DECEMBER 1, 2017

Singapore-based FinTech platform Active.AI The Times of India reported news that the funds raised through this round will be used to expand the company’s operations in the United States and to hire additional staff. Keep in mind this would stretch beyond FinTech, B2B and the like to include other areas. said it raised $8.3

United States 109

United States Fintech Capital Report 109

PYMNTS

JANUARY 16, 2020

The headline statement is that crypto firms have traditionally operated in a regulatory environment that might charitably be likened to the “Wild West.” The widespread impact of the stricter regulations may have a chilling effect on new crypto asset company creation, and may also steer firms to house operations in less regulated counties.

Regulation 132

Regulation cryptocurrency User Experience Operations 132

PYMNTS

MAY 29, 2020

FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift? How are CUs utilizing videoconferencing capabilities on interactive teller machines (ITMs) to maintain their branch operations during the pandemic, and how is biometric technology helping them offer more secure, quicker and touchless ATM services?

Maine 130

Maine ATM Innovation Millennials 130

Gonzobanker

OCTOBER 6, 2023

I recently heard a banker refer to his institution’s core banking platform as a “zombie core.” Fintechs looking to increase their market will invest their R&D dollars in integrating to core solutions with vibrant, growing client bases. No New Partners. While they may travel in packs, zombies are loners.

Strategy 97

Strategy System UX Tools 97

PYMNTS

SEPTEMBER 6, 2018

With the funding, the company plans to build out its network of merchants, attract more FinTech talent and invest in developing products. The technology from Onfido, in turn, checks the authenticity of the identity document, cross-references the applicant’s identity against watch lists and looks for “facial similarity.”

Technology 108

Technology Cards Mobile Payments 108

PYMNTS

JUNE 10, 2016

These days, however, Uber is spending its time, increasingly, in court and has even managed to allow things to break down completely in Austin such that it doesn’t operate there anymore. Said charter will mean that Circle will face tighter scrutiny but great ease operating on a national scale.

Regulation 100

Regulation National Austin Fintech 100

PYMNTS

MARCH 21, 2018

The bank announced news on Tuesday (March 20) that it launched a Digital Export and Import Payments solution, an addition to its existing YES TRANSACT Smart Trade suite of services to support exporters and importers in their global trade operations and payments. The bank is targeting trade deals that involve China, the U.S.,

blockchain 100

blockchain Tools Payments Data 100

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers?

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

MARCH 30, 2017

based alternative lending FinTech iWoca. people and small businesses have greater reason to look outside traditional banking, Rieche said, come to the alternative lenders that are now operating in the market even more frequently. But the story is a bit different across the pond according to Christoph Rieche, CEO and cofounder of U.K.-based

Lending 100

Lending Capital Operations Software 100

PYMNTS

NOVEMBER 22, 2016

“ Funding Options estimates that, without access to overdrafts, SMEs have less capital with which to expand current operations, invest in new assets or trade through tough times,” the executive said in his article, published Monday (Nov. “The referral scheme will leverage the U.K.’s

Capital 100

Capital Fintech Operations Company 100

PYMNTS

JULY 19, 2017

A new report from the state-backed British Business Bank (BBB), however, suggests alternative lenders are becoming an increasingly important part of its operations in a different way, highlighting how the lines between alternative finance (AltFin) and traditional finance continue to blur.

Lending 138

Lending Capital Report Customer Experience 138