American Banker

FEBRUARY 12, 2024

Fintechs that "bank" children and teens should collect far less data about their young users, erase it sooner and be more transparent in policies that are often buried, say privacy advocates.

Fintech 87

Fintech Policies Data Compliance 87

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

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

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

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

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

CFPB Monitor

FEBRUARY 12, 2024

On February 2, 2024, three Republican members of the House Financial Services Committee sent a letter to Federal Deposit Insurance Corporation (“FDIC”) Chair Martin Gruenberg expressing concern regarding what the congressmen perceive to be the FDIC’s attempts to reduce engagement with industry participants on financial technology and innovation.

Innovation 78

Innovation FDIC Regulation Financial Technology 78

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

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

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

Gonzobanker

JANUARY 4, 2022

These fintech and banking trends should be on financial institutions’ radar in the year ahead. This list of top banking and fintech trends for 2022 won’t tell anyone anything they haven’t already heard about. In 2022, community banks and credit unions will have to revisit and overhaul their overdraft policies and strategies.

Trends 190

Trends Fintech social media Strategy 190

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

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

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

NOVEMBER 1, 2022

The CFPB has announced that it will be reopening the comment period on its November 2021 request for public comments to inform its inquiry into large technology companies that offer payment services. The CFPB will provide additional details in a notice to be published in the Federal Register.

Technology 78

Technology Company Policies Payments 78

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.

Technology 78

Technology National FDIC Fintech 78

Perficient

MAY 5, 2022

While it was once expected and acceptable for lenders to enforce standardized payment due dates and policies, COVID-19 brought the impracticality and ineffectiveness of a “one-size-fits-all” approach to credit and lending to light. This is partly due to these technologies’ ability to significantly reduce the potential for friction.

Lending 354

Lending Strategy Marketing Big Data 354

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

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

CFPB Monitor

JANUARY 24, 2022

SoFi Technologies, has applied to the Federal Reserve to become a bank holding company and therefore subject to consolidated supervision. In its press release announcing the withdrawal, the OCC stated that Figure Technologies had amended its charter application for Figure Bank, National Association, to offer FDIC-insured deposit accounts.

National 78

National Fintech Company FDIC 78

Chris Skinner

JANUARY 17, 2017

The paper represents the policy objectives for … The post The White House, Donald Trump, Wall Street and FinTech appeared first on Chris Skinner's blog. It’s the output of the work performed by the National Economic Council’s Adrienne Harris and her team, who I’ve been delighted to support.

Fintech 150

Fintech Policies National Technology 150

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

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

PYMNTS

OCTOBER 28, 2020

Plus, a new FinTech, OpenEnvoy, launches to combat B2B payments fraud, while PCMI collaborates on B2B payments automation, and OpenPayd launches an FX-as-a-Service solution. Advanced workflow automation functions enable connection to the client’s back-office technology. REPAY Inks Deal For B2B AP Automation Firm CPS. 27) announcement.

Fintech 141

Fintech Payments Fraud Policies 141

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

CFPB Monitor

SEPTEMBER 13, 2018

The CFPB is proposing significant revisions to its “Policy to Encourage Trial Disclosure Programs” (TDP Policy), which sets forth the Bureau’s standards and procedures for exempting individual companies, on a case-by-case basis, from applicable federal disclosure requirements to allow those companies to test trial disclosures.

Policies 60

Policies Arizona Regulation Innovation 60

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help.

Fintech 141

Fintech Risk Management Compliance Management 141

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

SEPTEMBER 30, 2016

Major cities in Europe may not be the only ones after London’s FinTech crown. A new reported from the Association of Chartered Certified Accountants (ACCA) stated that Singapore’s fast-growing and lucrative FinTech sector is standing out as many larger rivals around the world are impacted by regulatory challenges and political turmoil.

Fintech 100

Fintech Regional Policies System 100

PYMNTS

JANUARY 21, 2021

Globe Telecom’s financial technology division, Globe Fintech Innovations of the Philippines, notched $175 million in additional venture funding in January. Globe Fintech, which is called Mynt, is said to be now looking for more funding — and aiming to get a valuation in excess of $1 billion.

Policies 149

Policies Payments Groups Bitcoin 149

PYMNTS

MARCH 12, 2019

and Europe is a natural progression from the surge in FinTech solutions offered to consumers, small businesses and enterprises. have plans to acquire a FinTech in the next 12 months as they pursue heightened digital transformation. For proponents of open banking , the regulatory initiative seen in the U.K. ”

Data 184

Data Fintech Strategy Regulation 184

PYMNTS

SEPTEMBER 6, 2018

The top of any FinTech’s to-do — and to-keep-doing — list. 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. Compliance and risk? Plugging In To Plugins.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

Bussman Advisory

OCTOBER 28, 2022

Join Oliver Bussmann, CEO of Bussmann Advisory and Elevandi Board Member, the 7th edition of the Singapore FinTech Festival (SFF) on 2 – 4 November organized by Elevandi and MAS. As the first in-person SFF since 2019, the SFF team is ready to bring the global FinTech community together for a long overdue reunion.

Fintech 52

Fintech social media Community blockchain 52

CB Insights

JUNE 29, 2020

Fintech funding stalled amid the Covid-19 pandemic as investors largely pulled back. Free Download: State of Fintech q1’20. Companies braced for the long-term impacts of Covid-19 as Q1’20 was one of the worst quarters in 2 years for VC-backed fintech. What does the fintech funding landscape look like at the moment?

Fintech 101

Fintech Regulation cryptocurrency Policies 101

CFPB Monitor

DECEMBER 4, 2023

Tomorrow, the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion will hold a hearing entitled “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services.” The witnesses will be: Valerie A. Continue Reading

Innovation 78

Innovation Financial Technology Policies Compliance 78

CFPB Monitor

FEBRUARY 14, 2019

” In September 2018, the Bureau proposed significant revisions to its “Policy to Encourage Trial Disclosure Programs” which sets forth the Bureau’s standards and procedures for exempting individual companies, on a case-by-case basis, from applicable federal disclosure requirements to allow those companies to test trial disclosures.

Policies 68

Policies Groups Fintech Lending 68