CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

Groups 78

Groups Minneapolis National Lending 78

PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. National Australia Bank Chooses Eedenbull. Absa Group Collabs With Surecomp. BNL Goes Live With Tink.

Fintech 341

Fintech National Groups Tools 341

PYMNTS

SEPTEMBER 12, 2018

The Internet Association, a group that represents Facebook, Amazon and Alphabet’s Google , among other technology and internet companies, said on Tuesday (Sept. that are more modern, but urged lawmakers to approach the issue nationally. 11) that it supports data privacy rules in the U.S.

National 128

National Data Company California 128

PYMNTS

OCTOBER 5, 2020

According to the NPD Group , COVID-19 brought the year’s good start to a halt, with March athletic shoe sales down about 40 percent compared to 2019 and taking a 50 percent hit in April. Fleet Feet has come up with proprietary technology to address that. More than one million Fleet Feet customers have used the technology.

Technology 131

Technology Retail North Carolina National 131

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone.

Technology 208

Technology Report Fraud Study 208

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. 21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC). As for what may be underpinning a group effort …. But as reported Tuesday (Jan.

Groups 142

Groups cryptocurrency National Study 142

PYMNTS

JUNE 23, 2017

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants. The question remains.

Meeting 187

Meeting Groups Industry Report 187

PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

Groups 116

Groups Innovation Capital Leadership 116

PYMNTS

DECEMBER 23, 2019

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. We should not deify artificial intelligence as it could go wrong just like any other technology,” Gang said. billion by 2023, up from an estimated $4.5

Regulation 202

Regulation Groups Policies Big Data 202

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. In 2021, the Standish Group reported that 83% of I.T.

Technology 145

Technology Regional Community Bank Community 145

PYMNTS

FEBRUARY 28, 2019

Australian digital identity management technology firm Identitii is joining a group of the nation’s largest banks to boost efficiency of digitizing data exchange for its financial institution customers. The tool deploys blockchain technology to enhance the movement of information via banks’ existing infrastructures.

Groups 109

Groups Innovation Fintech Industry 109

PYMNTS

JUNE 12, 2020

Palantir Technologies , the Palo Alto, California-based Big Data analytics company, is planning to go public soon and could be trading as early as this fall, sources told Bloomberg News.

Technology 131

Technology Analytics Big Data Software 131

PYMNTS

JUNE 8, 2020

The National Health Service (NHS) provided Palantir Technologies with volumes of personal information including contact details, gender, race, occupation, health conditions, criminal offenses and religious and political affiliations, according to the 37-page contract that was published online.

National 130

National Software Google Big Data 130

PYMNTS

AUGUST 12, 2016

11) it teamed up with the National Institute of Standards and Technology (NIST) to publish a new resource to help enterprises and government organizations enhance their cybersecurity risk analysis , reporting and decision-making.

Resources 100

Resources National Technology Analysis 100

PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. The National Bank of Kuwait has rolled out SWIFT Global Payments Innovation (gpi) services via the payments engine of ACI Worldwide, according to an announcement.

National 122

National Innovation Customer Experience Payments 122

PYMNTS

MAY 22, 2018

Wells Fargo announced on Tuesday (May 22) that Steve Ellis, head of the innovation group, will retire after nearly 31 years with the company. Before that, he started and ran the wholesale internet solutions group, which launched Wells Fargo’s Commercial Electronic Office (CEO) portal in 2000 and CEO Mobile in 2007.

Groups 100

Groups Innovation Customer Experience Strategy 100

PYMNTS

JANUARY 26, 2021

In today’s top news, Flywire could file for an IPO later this year that could value that company at $3 billion, and Mastercard debuted new quantum-resistant technology for contactless payments. and Goldman Sachs Group Inc. Mastercard Debuts NextGen Contactless Technology. Morgan Chase & Co.

Technology 154

Technology Payments Strategy Retail 154

CB Insights

MAY 6, 2021

LoanSnap , a provider of personalized mortgage loans, has raised $30M in Series B with participation from True Ventures, Baseline Ventures, Virgin Group, and Mantis Venture Capital, among others. The post Virgin Group-Backed LoanSnap Raises $30M To Develop Its AI-Based Smart Loan Technology appeared first on CB Insights Research.

Groups 43

Groups Technology California National 43

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

National 133

National Training Bitcoin Samsung 133

PYMNTS

APRIL 13, 2017

Wirecard announced Wednesday (April 12) that it is now collaborating with the National Bank of Greece (NBG) and is integrating Alipay into the technical infrastructure of Greece’s largest bank as a new payment method. Tourists are one of the most important target groups for Greek merchants.

National 100

National Groups Mobile Payments 100

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city.

ATM 100

ATM National New York City New York 100

PYMNTS

OCTOBER 23, 2020

Plus, daVinci Payments will merge with North Lane Technologies for the formation of a new firm. Facebook is bringing its digital dating tool to Europe after experiencing success in the 20 nations where Facebook Dating is provided already. Ant Group Launches Copyright Services Platform. Facebook Brings Dating App To Europe.

Payments 142

Payments Groups America Tools 142

PYMNTS

JULY 4, 2017

Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. The combination of what the Times said is advanced technology and “more susceptible victims” is an alluring one. Here’s a study in contrasts: U.S.

National 112

National United States New York Study 112

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. Carpenter currently serves as chairman of Pacific Mercantile Bancorp and as a consultant to the group through his Carpenter & Co. According to a Wednesday (Nov.

New York 100

New York National FDIC Lending 100

CFPB Monitor

AUGUST 22, 2022

On August 10, 2022, Director Rohit Chopra delivered remarks at the 2022 National Association of Attorneys General Presidential Summit in Des Moines, Iowa on the topic of consumer protection in the digital world. He noted that the Act can be enforced by state attorneys general.

National 78

National Marketing Exercises Iowa 78

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

JANUARY 25, 2021

In other news, in an attack on Indian cryptocurrency exchange BuyUCoin , hacker group ShinyHunters leaked the private information of over 325,000 users, Inc42 reported. Even if their volatility lessens, cryptocurrencies face a great challenge in procuring acceptance from national governments, the report stated.

Bitcoin 261

Bitcoin cryptocurrency Data National 261

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. In another nod toward privacy, Microsoft wants to see government regulation of facial recognition technology. That would include rules touching on how and when the tech could be used. Facial Recognition’s Need for Legislation?

National 100

National California Regulation United States 100

CFPB Monitor

DECEMBER 8, 2022

SaverLife is a national non-profit sponsored by some of the nation’s leading financial institutions that uses financial technology to improve the financial health of low- to-moderate income consumers by incentivizing savings through prizes, rewards, expert resources, and gameplay. To listen to the episode, click here.

Financial Technology 78

Financial Technology Technology Resources National 78

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

PYMNTS

AUGUST 25, 2017

Performance Food Group Company , a leading food service supplier, announced that it has entered into a strategic referral relationship with NCR to bring NCR Silver, the cloud-based point-of-sale (POS) solution, to more restaurants throughout the United States.

Groups 100

Groups United States Regional Operations 100

PYMNTS

SEPTEMBER 25, 2020

Plus, Ant Group has rolled out its Trusple blockchain platform. The partnership makes the relationship between the two companies stronger and is centered around offering payments services to international websites that sell to Brazil through EBANX offerings as well as shoppers in the nation who buy from them.

blockchain 165

blockchain Payments National Groups 165

Bank Innovation

NOVEMBER 23, 2016

Banco Santander has also dropped out of the R3 CEV Blockchain Group. This news follows yesterday’s news that Goldman Sachs, one of the group’s original founders, chose not to renew its membership or invest further in the consortium.

blockchain 150

blockchain Groups National Online 150

PYMNTS

DECEMBER 2, 2019

Technology firms in China are framing facial recognition policies at the United Nations (UN), The Financial Times (FT) reported on Sunday (Dec. The data obtained by FT shows that Chinese tech firms are striving to expand markets for the latest facial recognition technology while advancing a global standard.

National 144

National Technology Resources America 144

PYMNTS

SEPTEMBER 16, 2019

And, as consumers have many options, fast-casual and quick-service restaurants (QSRs) realize they must meet growing diner expectations and embrace technology to stay relevant. And food-ordering platforms are teaming up with restaurant technology companies to make it easier for eateries to accept delivery orders.

Innovation 192

Innovation Mobile Groups Indiana 192

PYMNTS

OCTOBER 5, 2020

We owe our thanks to the global network of banks, corporates, shareholders and technology partners, who have collaborated to deliver this network,” Contour CEO Carl Wegner said in the announcement. Together we have designed and built the digital future for trade finance.”.

User Experience 188

User Experience Groups blockchain Online 188

Bobsguide

MAY 29, 2019

Payments markets are changing drastically, forced by the hand of national and regional regulators as well as a technological advances driving at an incredible pace. Here, bobsguide speaks with Mohammed Kateeb, group chairman and. Banks and other financial institutions are sitting up to take note.

Regional 160

Regional National Fintech Regulation 160