PYMNTS

AUGUST 20, 2020

The following Deep Dive explores how these issues are hindering SMB financing as well as how FinTechs are exploring technologies to overcome these issues and give SMBs the help they need to thrive while the world economy faces its biggest challenge in years. FinTechs that harness ML to process loan applications were approving 57.2

Fintech 177

Fintech Fraud Lending Regulation 177

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

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.

Fintech 161

Fintech Big Data Tools Management 161

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

PYMNTS

JUNE 15, 2018

The cost of technology has lessened, though, opening the door for SMEs to bring bits and bytes to supply chains – lessening reliance on manual processes and invoices of the paper kind, thus eliminating errors. In reference to the partnership’s advantages, the firms said, is the elimination of manual data entry and accounting.

Fintech 115

Fintech Compliance Software Taxes 115

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). Banks are instructed to reference relevant guidance from the agencies that is listed in a footnote.

Community Bank 78

Community Bank Community Fintech Company 78

PYMNTS

MARCH 8, 2019

For actions that happened before then but were referred after April, the limit will be raised to £160,000. FinTech news, it was reported that consumers in the U.K. “We have listened carefully to the feedback we have received, and believe our approach is right and will bring benefits to both the consumers and micro-enterprises.”.

Fintech 130

Fintech Mobile Report Trends 130

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. The Conference of State Bank Supervisors (CSBS) has filed a lawsuit in D.C.

Conference 78

Conference Technology District of Columbia FDIC 78

Insights on Business

MARCH 5, 2019

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. What does this mean?

Regulation 70

Regulation Compliance Analysis Innovation 70

Chris Skinner

APRIL 6, 2017

I was listening to a financier talking about FinTech the other day, and claiming that they are all sustaining innovations and not disruptive. They were referring to Clayton Christensen’s innovator’s dilemma discussions, where Professor Christensen points to different markets that were destroyed by disruptors.

Innovation 271

Innovation Marketing Industry Regulation 271

PYMNTS

JANUARY 9, 2018

INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs. In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

FEBRUARY 27, 2020

At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Open Banking FinTech Enfuce this week announced a partnership with financial crime and fraud management company Featurespace.

Fintech 192

Fintech Fraud Data Lending 192

Chris Skinner

JUNE 8, 2017

The smaller banks, credit unions, building societies and FinTech start-ups therefore must rely on just these four banks to get their services through the system and, if those big banks want to play hard-ball, then you just have to roll-over and comply.

Branding 206

Branding Meeting System Regulation 206

CFPB Monitor

MAY 19, 2022

Regulation Z requires both tips to be included in the finance charge, resulting in APRs on the loans made to Connecticut borrowers ranging from approximately 43% to over 4280%. The loan disclosures stated that the loans had 0% APRs. The Department asserts that it is authorized to assert the UDAAP claim pursuant to Section 1042 of the CFPA.

Connecticut 78

Connecticut Operations Fintech Regulation 78

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. community banks and small business lending.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

JUNE 11, 2018

So it is that in Asia, a finance organization is seeking to boost the regulatory embrace of new technologies that are geared toward fending off money laundering efforts. community banks hailed some changes to the Dodd-Frank regulations, particularly in regard to how small to medium banks are treated. Closer to home, in the U.S.,

Regulation 100

Regulation Community Bank Lending Industry 100

Lex Sokolin

DECEMBER 31, 2020

A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the Multiverse, Pandemic, Revolution, Crypto Art, and the Nature of the Universe Hi Fintech futurists — You should be out partying! Is Ant Financial the best Fintech in the world? Or rather, you should be inside, partying. Runner up?—?

Fintech 52

Fintech Bitcoin blockchain Google 52

Lex Sokolin

DECEMBER 31, 2020

A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the Multiverse, Pandemic, Revolution, Crypto Art, and the Nature of the Universe Hi Fintech futurists — You should be out partying! Is Ant Financial the best Fintech in the world? Or rather, you should be inside, partying. Runner up?—?

Fintech 52

Fintech Bitcoin blockchain Google 52

Lex Sokolin

FEBRUARY 18, 2021

The average size is about $300 million, and quite a few are focusing on Fintech and financial services. despite creating the same outcome of a regulated public company. Let’s narrow down the story to Fintech, using data from Spactrack. That is a 100% increase in capital looking for quality fintech assets.

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. despite creating the same outcome of a regulated public company. Let’s narrow down the story to Fintech, using data from Spactrack. That is a 100% increase in capital looking for quality fintech assets.

Capital 52

Capital Fintech US Lending 52

Gonzobanker

FEBRUARY 1, 2024

For the bankers we talked with, acknowledging challenges—think NIM, credit, regulation, election uncertainty, unemployment and CRE—while portraying resilience created quite a few compelling narratives throughout the event. Joint presentations between bankers and fintechs abounded, showcasing collaborative initiatives. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147

Fintech Strategy Leadership Lending 147

Accenture

SEPTEMBER 22, 2019

But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience. The biggest hurdles are around profitability, UK regulation, customer growth and cybersecurity. Regulation. Profitability.

Innovation 150

Innovation Metro Apple Marketing 150

Insights on Business

OCTOBER 18, 2017

There are two types of data I reference here: data behind, and data beyond, the company’s firewall. CB Insights’ AI-Fintech map provides a good example of active use case categories. How will talent need to be re-trained to work with such technologies?

Training 152

Training social media Data Examples 152

Gonzobanker

AUGUST 7, 2018

Tuesday, July 31, 2018, may go down in history as Fintech Day in the United States. Treasury Department released a 222-page report titled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation , and the OCC announced it would consider charter applications from fintech companies.

Data 60

Data Report Fintech United States 60

CFPB Monitor

SEPTEMBER 3, 2019

Each of these initiatives provides valuable new resources for both banks and non-banks to stay apprised of changing state regulatory systems and technological advances that impact the financial services industry. State regulators are encouraged to provide copies of pertinent guidance documents they issue for inclusion in this repository.

Tools 60

Tools Industry Online Resources 60

Insights on Business

JUNE 28, 2018

There are three key acronyms that have topped the agenda in banking technology discussions in recent years – APIs, PSD2 (Payment Services Directive II) and DLT (Distributed Ledger Technology). Sometimes such solutions are referred to as “Service Fabric”. When one door closes, many more open. A time for change.

System 130

System Innovation Industry Technology 130

FICO

DECEMBER 17, 2020

As digital currencies grow, criminals are taking advantage of the emerging technology. Anti-financial crimes regulations require banks to enact robust risk management frameworks, including extensive KYC due diligence, integrated safeguards for AML transaction monitoring, and sanctions screening. This includes $2.8

cryptocurrency 52

cryptocurrency How To blockchain Analysis 52

Abrigo

MARCH 6, 2017

2) @GonzoBanker – Cornerstone Advisors’ totally opinionated take on technologies, strategies, vendors and “anything else we run across in the trenches of the banking industry.” His Tweets mix news about middle market, small business and business internet banking with occasional pop culture references.

social media 150

social media Lending Community Community Bank 150

Celent Banking

AUGUST 9, 2016

Distributed ledger technology, often referred to as blockchain, threatens to disrupt the sector with its potential to improve visibility, lessen friction, automate reconciliation, and shorten cycle times. Both banks and Fintech firms alike are experimenting with DLT solutions for various corporate banking uses cases.

blockchain 100

blockchain Capital Management Payments 100

Lars Markull

JULY 10, 2022

Let me break it down into two parts: Embedded vs. Open When we say "Open," whether in Banking or Finance, we are referring to the activity of connecting a third-party service to an existing financial product. Banking refers to financial products such as payment accounts and debit/credit cards that we use to conduct transactions.

Lending 83

Lending Branding Examples Regulation 83

Tech and Finance

APRIL 20, 2016

RegTech, the use of technology to meet the growing number of financial regulations, needs a nudge from regulators, according to JWG, a London-based think tank with an unenviable focus on regulation. Perhaps wisely, JWG does not expect regulators to simplify and harmonize their rules. This is equivalent to 2.6

Regulation 28

Regulation Meeting Technology System 28

Tech and Finance

APRIL 20, 2016

RegTech, the use of technology to meet the growing number of financial regulations, needs a nudge from regulators, according to JWG, a London-based think tank with an unenviable focus on regulation. Perhaps wisely, JWG does not expect regulators to simplify and harmonize their rules. This is equivalent to 2.6

Regulation 28

Regulation Meeting Technology System 28

PYMNTS

JUNE 17, 2016

You want to buy them out,” referring to the banks. Unfortunately, “60 Minutes,” famous for investigative journalism, missed the really big story in FinTech. This is a classic “technology-in-search-a problem” failure. Blockchain technology is quite innovative. There is some chance that it might.

Bitcoin 100

Bitcoin Lending blockchain Fintech 100

PYMNTS

NOVEMBER 16, 2017

As credit unions (CUs) face increased competition from traditional banks and new players from the FinTech crowd, many institutions ponder the same question: What can we do to keep our doors open? Mary’s has invested in its information technology (IT) infrastructure in order to deliver more convenient financial services.

Millennials 101

Millennials US New Hampshire Resources 101

FICO

AUGUST 3, 2022

With a focus on data-driven digital transformation, how do IT teams deliver differentiated value and increase customer satisfaction directly from technology investments? Banking and financial services continue to be disrupted by leaner, new-to-market fintechs andchallenger banks, as well as shifting economic and regulatory conditions.

Data 52

Data Analytics Customer Experience Technology 52

PYMNTS

JUNE 1, 2017

He said his own company, InterComputer, offers PrivateLine software “and an insured, secured, multilayered messaging platform that never touches” the internet, while enforcing digital identities and regulations across every message between parties. Even larger companies have been using EDI technology from the 1970s, he said.

Payments 110

Payments System Software Mobile 110