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Applause On Gaining The Upper Hand In Innovation

PYMNTS

Innovation is both genesis and lifeblood for companies, especially within the payments space. PYMNTS: How would you define Applause’s approach to innovation? PYMNTS: How would you define Applause’s approach to innovation? Our approach to innovation is two-fold. Innovation is only valuable if it’s usable.

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All Eyes Are On LATAM Open Banking

PYMNTS

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. “The

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Monetary Authority Of Singapore: What It Will Take To Win Digital Banking Licenses

PYMNTS

Some companies have been able to adjust quicker than others, leading to the first-ever fines issued and collected for breach of GPDR within the region. Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines.

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EU Proposed Law Aims To Make Friends With FinTech

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s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. A “blueprint” that includes best practices and guidelines for setting up innovation hubs will be released by the final quarter of 2018 for regulatory “sandboxes.”

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Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Guidelines From The UK. The guidelines are being developed by the British Standards Institution, reports said last week. “We and MarketInvoice.

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Report: Helping Online Merchants Comply With The Middle East’s New Payments Regs

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One area where the pandemic may significantly impact emerging data protection and open banking rules is the Middle East and North African region (MENA). The ongoing pandemic has caused many regulators in the MENA region to examine the digital and open banking infrastructure they have in place. Around The Data Protection World.

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Global Regulators Work Together On Blueprint For FinTech ‘Sandbox’

PYMNTS

and Far East, on a blueprint,” Chris Woolard, the FCA’s executive director of strategy and competition, told the Innovate Finance conference in London. With that in mind, last month the EU’s executive was set to propose a draft law aimed at boosting the FinTech market throughout the region.