Chris Skinner

MAY 10, 2017

It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes. So I was intrigued to see Hong Kong issue their FinTech strategy today. Does this matter?

Strategy 271

Strategy Fintech Regional Technology 271

CFPB Monitor

JANUARY 14, 2019

The Cato Institute announced that it will hold a policy forum in Washington, D.C. on January 17, 2019 at which the topic will be “Promoting Fintech Innovation and Consumer Choice: The Role of Regulatory Sandboxes.”. The forum will feature Paul Watkins, Director of the CFPB’s Office of Innovation at the CFPB.

Policies 74

Policies Innovation Fintech Washington 74

Chris Skinner

AUGUST 31, 2016

The Bank makes clear it’s not the opinions of the institution … The post Could central bank digital currencies kill monetary policy? Not a consumer bank of course – none of those blog – but a good old central bank. appeared first on Chris Skinner's blog.

Policies 253

Policies Course blockchain Innovation 253

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements.

Fintech 146

Fintech Risk Management Conference Lending 146

PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). Much is at stake when it comes to the country’s FinTech businesses. The sector has an estimated worth of 7 billion pounds ($8.9

Fintech 174

Fintech Ohio Financial Technology Innovation 174

PYMNTS

AUGUST 21, 2019

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.

Fintech 174

Fintech Guidelines Policies Regulation 174

PYMNTS

DECEMBER 18, 2018

In Kenya, the Capital Markets Authority (CMA) has issued its “FinTech Sandbox Guidance Note,” which is now finalized as policy. In further evidence of FinTech linkups with traditional financial services firms, Revolut , a FinTech firm based in the United Kingdom, said late last week that it has been granted a European banking license.

Policies 109

Policies Fintech Big Data Lending 109

PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth.

Fintech 193

Fintech Bitcoin cryptocurrency Lending 193

PYMNTS

DECEMBER 1, 2019

Your Central Bank today is more committed to creating wealth and putting in place strong policies for creating jobs for our growing youth population; your Central Bank today is ever more committed to promoting a more stable and resilient financial system,” he said. Only one mobile banking license has been issued this year.

Fintech 254

Fintech Mobile Examples Policies 254

PYMNTS

SEPTEMBER 17, 2019

FinTech firms are keeping a pulse on the latest regulations and helping their clients comply with them. The regulation is top of mind, especially for European Union companies, and FinTechs are stepping up to the plate to help their customers comply with its components from a product perspective.

Fintech 200

Fintech Compliance Data Regulation 200

BankInovation

OCTOBER 5, 2022

It may just be that banking-as-a-service (BaaS) providers and fintechs have grown into unique and now mature collaborators that justify updated and revised requirements from regulators. Hsu spoke at The Clearing House and Bank Policy Institute’s Annual Conference, outlining the Office of the Comptroller of […].

Exercises 97

Exercises Fintech Conference Policies 97

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.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

JANUARY 8, 2020

And one question worth posing is: What will happen to FinTech ? Specifically, what will happen to London’s standing as a FinTech hub? The city has long been known as a financial center (especially in Europe) and more recently as FinTech. But one clue as to how FinTech may fare is where the talent goes. and to the EU.

Fintech 145

Fintech San Francisco Course New York 145

PYMNTS

MARCH 12, 2020

Renz helped to launch Amazon’s free shipping policy and introduced new multi-billion-dollar retail categories, such as beauty, shoes and groceries, according to her LinkedIn profile. At SoFi , based in Silicon Valley, Renz will lead the FinTech startup’s credit card, brokerage and bank account businesses, one of the sources told WSJ.

Fintech 193

Fintech New Jersey Seattle Policies 193

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. COVID may have accelerated things, but talk of booster shots and workplace policies wasn’t the most striking contrast at AOBA 2022.

Fintech 167

Fintech Customer Experience Conference Technology 167

PYMNTS

MARCH 18, 2020

The Federal Deposit Insurance Corporation ( FDIC ) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17). It would also mandate that the parent bank provide financial backing and “liquidity support.” .

FDIC 142

FDIC Fintech Regulation Industry 142

PYMNTS

JANUARY 2, 2020

The downside of data sharing has come full circle as JPMorgan Chase strives for enhanced protection by blocking FinTech apps from accessing customers’ passwords, The Financial Times (FT) reported on Tuesday (Jan. Account aggregators Yodlee and Plaid were among the first FinTechs to sign on to using tokens for Chase transactions. .

Security 144

Security Fintech Data Policies 144

Bank Innovation

MARCH 16, 2018

INV Fintech, Bank Innovation’s accelerator arm, has seen an increase in applications from India, and currently has two Indian companies in its accelerator. To facilitate the creation of an entrepreneurial and innovative ecosystem, the Government of India, through its premier policy Think Tank called the Niti.Read More.

Policies 375

Policies Innovation Fintech Company 375

American Banker

JANUARY 27, 2020

An outside paper identifies the statutes, regulations and other bureaucratic realities complicating the banking agencies’ efforts to oversee and benefit from rapidly changing technology.

Regulation 94

Regulation Policies Fintech Technology 94

American Banker

MARCH 8, 2021

Ten companies this week joined the American Fintech Council, which debuted March 3 after the Marketplace Lending Association and Online Lending Policy Institute combined.

Fintech 81

Fintech Groups Lending Policies 81

Bank Innovation

DECEMBER 5, 2017

Earny automatically monitors for and claims refunds on past purchases through retailer and credit card price protection policies. EXCLUSIVE – The payment protection app Earny announced today it has raised $9 million and wants to use the funds to diversify into the travel vertical. Based in Santa Monica, Calif.,

Payments 239

Payments Fintech Policies Retail 239

CFPB Monitor

OCTOBER 17, 2019

In this podcast, Paul Watkins, Director of the CFPB’s Office of Innovation, joins us to discuss the CFPB’s final trial disclosures, no-action letter, and FinTech sandbox policies.

Policies 60

Policies Innovation Regulation Fintech 60

PYMNTS

JANUARY 10, 2020

percent drop in share prices, and Netherlands payments firm PayU buys a majority stake in the India FinTech PaySense. Chamber of Commerce leader criticizes presidential candidates for proposed policies that “go after corporations.”. PayU Buys Majority Stake in India FinTech PaySense. The news triggered a 6.7

Fintech 131

Fintech Payments Policies Taxes 131

Payments Source

JANUARY 3, 2021

5 in Georgia, with the balance of power in the Senate at stake, as well as at least two years of financial services and technology policy. The final outcome of the November election will be decided on Jan.

Georgia 147

Georgia Fintech Policies Technology 147

PYMNTS

OCTOBER 21, 2019

The head of the Financial Crimes Enforcement Network (FinCEN) has warned FinTech firms that they must abide by anti-money laundering (AML) laws. The expectation is that you will comply with existing regulation,” said Director Kenneth Blanco at a FinTech event, according to American Banker. We know you can.”.

Fintech 101

Fintech cryptocurrency Policies Regulation 101

PYMNTS

JANUARY 7, 2019

The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

JUNE 18, 2019

Movement to foster collaboration between FinTech firms and traditional financial firms continues to gather steam across the globe, aided by government encouragement and initiatives. FinTech Alliance debuted this week, with a roster that tops 500 members. In one recent example, the U.K. Monzo Across The Pond. In an example of U.K.

Fintech 108

Fintech Los Angeles San Francisco Examples 108

PYMNTS

JANUARY 30, 2019

But regulators are now requiring firms to use risk-based policies and procedures to determine a customer’s risk scores and to use risk scores to establish a baseline for transaction and relationship monitoring. With these factors in play, FinTech firms are evolving their offerings to keep up with the new regulatory challenges.

Fintech 185

Fintech Regulation Compliance Policies 185

Payments Source

MARCH 10, 2021

The Arizona Fintech Council, an organization of banks, economic and technology groups, will encourage collaboration and access to the state's regulatory sandbox to promote a version of Europe's open banking policy in the U.S.

Arizona 179

Arizona Groups Policies Fintech 179

CFPB Monitor

JANUARY 24, 2022

In its press release , the OCC stated that its approval “brings SoFi, a large fintech, inside the federal bank regulatory perimeter, where it will be subject to comprehensive supervision and the full panoply of bank regulations, including the Community Reinvestment Act. In addition, the parent company of SoFi Bank, N.A.,

National 78

National Fintech Company FDIC 78

CFPB Monitor

OCTOBER 2, 2019

Paul Watkins, Director of the CFPB’s Office of Innovation, joined Ballard Spahr partners Alan Kaplinsky and James Kim yesterday for a discussion of the CFPB’s final innovation policies. Alan leads the firm’s Consumer Financial Services Group and James is a co-leader of the firm’s inter-disciplinary Fintech Team.

Policies 60

Policies Innovation South Carolina Indiana 60

CFPB Monitor

MAY 18, 2021

Access to Fed services is sought by fintechs and other non-traditional financial services companies because a Fed account, and direct access to Fed financial services, would dispense with the need for the non-bank to use a traditional bank as an intermediary with the Fed. payments, deposit-taking, and lending).

Fintech 78

Fintech Guidelines Policies System 78

PYMNTS

AUGUST 7, 2018

7) a new alliance aimed at encouraging the growth of FinTechs. is among the first countries to introduce a FinTech sandbox , and now it wants to expand the effort. The regulators will also share policy ideas to ensure they are up-to-date in areas such as artificial intelligence, Big Data and blockchain. Regulators from the U.K.,

Regulation 100

Regulation Fintech Policies Innovation 100

PYMNTS

SEPTEMBER 6, 2018

For FinTech firms, doing the chasing all on their own is a losing proposition. SaaS, the distribution model where providers offer a central location for their customers, can offer FinTech firms a way out of inefficient processes, say some supporters. FinTech firms can browse and research what they need and pick it up on the fly.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

FEBRUARY 22, 2018

Southeast Asia is now front and center on the world’s FinTech stage, and it’s no accident. Regulatory efforts to promote FinTech innovation, a bustling climate for blockchain and interest from other markets eyeing the region for expansion have all led to Southeast Asia’s impressive standing in this space.

Fintech 104

Fintech Regional Resources blockchain 104

PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Through the initiatives in the policy, the goal is to foster the advancement of digital technologies and create new financial services and products.

Innovation 225

Innovation Policies User Experience Security 225

CFPB Monitor

DECEMBER 11, 2018

The BCPF has issued proposed revisions to its 2016 final policy on issuing “no-action” letters (NAL), together with a proposal to create a new “BCPF Product Sandbox.” Proposed NAL policy revisions. The revisions are intended to address the 2016 policy’s many shortcomings. The proposal would remove such statements.

Policies 74

Policies Regulation Innovation Exercises 74