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In Ireland, Banking Federation Promotes FinTech Foresight

PYMNTS

The Banking & Payments Federation Ireland said it had established a FinTech Foresight Group — further evidence of collaborations between traditional financial institutions and tech upstarts. That series will focus on global technology trends across financial services and how FinTechs and banks can work together across those efforts.

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What Asia-Pacific Can Learn From EU’s Open Banking Initiatives

PYMNTS

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

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Reducing costs of AML while still appeasing regulators

Insights on Business

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

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Open banking APIs are open for business

Insights on Business

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. It also creates its own products and has its own back-office operations. The fintech hub. To help you move forward with your API journey, IBM can organize an API innovation workshop.

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FTC sends 2016 ECOA report to CFPB

CFPB Monitor

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. Fintech forum. Changing demographics workshop. The FTC has authority to enforce the ECOA and Reg B as to nonbank providers within its jurisdiction.

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Discover what the world is Thinking about open banking

Insights on Business

Partnering with fintechs might prove to be a win-win, where established enterprises can accelerate transformation, and fintech startups can quickly deliver value to the enterprise and drive revenue growth. Fintech Partner Panel: The API economy comes to banking (8805A). Workshop: IBM Cloud for Open Banking (Session 1313A).

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Transforming payments and creating new value chains with open banking

Insights on Business

IBM developed it last year to engage the community of banks and fintechs interested in the emerging ecosystem of open banking standards. Agility: Customers expect great digital services, and it is imperative for companies to develop or partner with suitable fintechs to help them launch new products. IBM at Sibos 2018.