PYMNTS
MAY 24, 2019
The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.
PYMNTS
MARCH 6, 2020
Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure. Real-time payments are imperative for running successful operations in today’s global ecosystem.
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PYMNTS
JUNE 16, 2019
Not only that, but “a senior regulator at the central bank wrote to chief executives this week, ordering them to tighten standards and correct ‘overly optimistic’ risk modelling.”. As well, those upstart financial institutions also are operating with an “aggressive focus on growth,” according to regulators, and “tend to make risker loans.”.
Accenture
SEPTEMBER 22, 2019
In my frequent conversations with clients across the UK and Irish banking industry, one of today’s hottest topics is the rise of the challenger banks such as CYBG, Metro and AIB UK, and particularly the neo-challenger banks providing digital-only services, like Monzo, Atom and Starling. Regulation. Profitability. Customer growth.
PYMNTS
DECEMBER 17, 2019
Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.
PYMNTS
APRIL 2, 2019
“We are finally seeing funds being poured back into innovative tech that can help self-employed people and small business owners with their finances,” said Coconut CEO and Co-Founder Sam O’Connor in a statement. The funds aim to inject competition into the U.K. banking sector.
PYMNTS
APRIL 24, 2020
This site is close to Metro transportation and within walking distance of downtown. Development goals, zoning, permits and regulations have just started to be integrated. Activate will show growth and innovation,” she predicted. “We So far, the pilot program has raised the level of understanding needed for Moudry and her team.
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