Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

Fintech 195

Fintech How To Innovation System 195

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. That comes as Open Banking bowed in Europe last month.

Washington 101

Washington Regulation Conference Fintech 101

Bank Innovation

JANUARY 29, 2018

EXCLUSIVE— While PSD2 was the subject of extensive focus for European banks, businesses, tech firms, and fintechs, these institutions may not be ready for another data initiative, the General Data Protection Regulation, set to come into effect this May.

Study 294

Study Regulation Data Fintech 294

Bank Innovation

MAY 15, 2019

Indeed, in a study released by Fenergo, the client lifecycle management software company, one of every five C-suite executives don’t think their bank’s technology allows them to invest in disruptive innovation.

Study 170

Study Compliance Software Innovation 170

PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. Around The Data Protection World.

Industry 298

Industry Regulation Data Study 298

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. has also sought clarity on regulations as a means to better compete against established banks.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. More Focus on P2P Lending.

Fintech 144

Fintech Lending Regional Regulation 144

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. Anyone who’s paid attention to the banking and fintech space in 2021 knows how hot embedded finance is. This is nonsense.

Trends 188

Trends Fintech social media Strategy 188

PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. If the bank goes under, much more is at stake. “If

Regulation 103

Regulation Bitcoin Innovation Study 103

PYMNTS

SEPTEMBER 14, 2016

Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending. Comptroller Thomas Curry, speaking at an industry conference, said the agency may grant limited charters to FinTech companies.

Lending 100

Lending Regulation Conference Study 100

PYMNTS

DECEMBER 19, 2018

FinTech organizations like GDC, however, seek to provide a distributed network that allows these checks to be completed in near real-time – and the data stays local, so companies don’t have to deal with GDPR issues. But these firms may need data – such as information covered by GDPR – in order to verify someone’s identity.

Company 173

Company Fintech Case Study Regulation 173

PYMNTS

MAY 30, 2018

Banks, he noted, have to be compliant with a host of extremely stringent regulations, and often across multiple jurisdictions – all with different rules. And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs.

Fintech 160

Fintech Regulation Compliance Innovation 160

PYMNTS

SEPTEMBER 14, 2018

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government. Cuomo on June 1, 2017 required DFS to study online lending in New York State and submit a report of its findings.

New York 173

New York Fintech Lending Regulation 173

PYMNTS

SEPTEMBER 18, 2018

Singapore Signs On With FinTech Firms. In Singapore, news came this week that the country will open up its real-time payment system to FinTech firms. The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets. In The Middle East.

Fintech 166

Fintech New York US National 166

PYMNTS

DECEMBER 15, 2017

The concern, hinted the newswire, means that bitcoin and other financial innovations might be more closely regulated in the future. As Reuters stated, the watchdog is being watched to see if there will be a pullback in financial regulations. Any revisions must come from at least five of the 10 members on the FSOC.

Regulation 117

Regulation Innovation United States Bitcoin 117

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

Gonzobanker

JUNE 14, 2023

To realize the rewards of the BaaS industry, banks and fintechs are going to have to learn to play by some non-negotiable rules – together. It has more than 80 fintech partnerships including Coinbase, Upgrade, Affirm, Best Egg, Divvy, Rocket Loans and Stripe. And regulators have made it clear that ignorance of the law is no excuse.

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

NOVEMBER 27, 2019

The story he told PYMNTS was one of FinTech’s global impact, and how the contributions of SMBs are being recognized for their importance. A recent study on the region showed that almost 65 percent of entrepreneurs in the UAE think banking is their biggest challenge. However, that’s changing. New Venture.

Fintech 167

Fintech Regional Regulation ATM 167

Celent Banking

JANUARY 26, 2017

The timing is also interesting, as only two weeks ago outgoing President Obama’s National Economic Council (NEC) released a new whitepaper called A Framework for FinTech. The NEC, a policy advisory unit of the White House established in 1993, proposed 10 high-level principles designed to move the US fintech industry forward.

Regulation 100

Regulation Policies Philadelphia Fintech 100

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. A study found that more than 56 percent of cryptocurrency exchanges have weak or nonexistent KYC systems which are not effective at preventing money laundering. billion by 2024.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing. Similarities To The EU.

America 168

America Regional Regulation Fintech 168

PYMNTS

NOVEMBER 9, 2020

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom.

Fintech 285

Fintech Data Regulation Innovation 285

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

NOVEMBER 3, 2020

Eighty-one percent of consumers in one recent study said that trusting brands was a major factor in determining whether they would interact with them, for example. doubled to more than 2 million during the six months preceding the study. Another study found a 35 percent increase in downloads for such apps during Q2. and the EU.

Study 192

Study Data Regulation Digital Banking 192

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. For a case study in the new privacy rules at scale, people are looking to China and its Multi-Level Protection Scheme 2.0

Regulation 130

Regulation Case Study Fraud Study 130

PYMNTS

NOVEMBER 24, 2016

is already a hotbed of FinTech startups, but the government is getting behind it in a bigger way, committing to invest £500,000 a year into financial technology companies. government is also gearing up to launch a network of regional FinTech envoys as an effort to enhance the country’s status as a leader in FinTech.

Fintech 100

Fintech New York Financial Technology Regional 100

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. This steady march toward online banking tools has played a key role in how Brazil’s regulators are structuring its open banking rules.

America 165

America Regulation Regional Tools 165

PYMNTS

FEBRUARY 16, 2017

15) that, along with Filene Research Institute, a credit union and consumer finance think tank, it has launched a research hub at UCI focused on studying how emerging technologies impact credit union business practices and clients. “We

Fintech 108

Fintech Financial Technology California Study 108

CFPB Monitor

SEPTEMBER 25, 2018

The law increases permissive civil penalty amounts for violations of laws, regulations, rules or orders over which the Commissioner of Financial Regulation has jurisdiction to a maximum of $10,000 for a first violation and a maximum of $25,000 for each subsequent violation. Increases in civil penalty amounts.

Maryland 74

Maryland Regulation Study Lending 74

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Studies have shown that 49 percent of bank customers believe their personal data will be less safe due to open banking.

Security 240

Security System Fraud Data 240

PYMNTS

DECEMBER 17, 2020

UK FinTech GoCardless Raises $95 Million Led By Bain. FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. Fiserv To Acquire FinTech Ondot Systems. The FinTech Fiserv has signed a deal to acquire Ondot Systems. The financial terms of the agreement were not disclosed.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

PYMNTS

OCTOBER 15, 2020

Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. Cloud services are boosting cross-border payments, however, with a study projecting that the cloud services market will reach $266.4

Payments 228

Payments Report Study Security 228

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

Bank Innovation

SEPTEMBER 25, 2017

Australia has become the second largest market for alternative lending due to the country’s favorable regulations for lenders. This is according to new data by financial regulator KPMG, in tandem with the Australian Centre for Financial Studies, which shows that the market grew over 50% within the last year.

Lending 170

Lending Marketing Regulation Study 170

PYMNTS

DECEMBER 4, 2020

Dutch antitrust regulators have launched an investigation into freedom of choice regarding payment apps and is eyeing Apple Pay’s limitations, Bloomberg reported. Although the antitrust regulator didn’t mention Apple by name, it said in a press release on Friday (Dec. A violation could result in a fine or some other penalty.

Apple 159

Apple Payments Software Regulation 159

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. It also solicits feedback on how to maximize stakeholder engagement.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78