NCR

APRIL 27, 2018

Many in the banking industry have recently highlighted Africa as a part of the world that has huge untapped potential for the development of innovative financial services products. Keeping up with the pace of innovation. However, other nations still ban the practice. Tanzania, for example, has permitted this for three years.

Innovation 56

Innovation Regional Regulation Mobile 56

Bobsguide

APRIL 13, 2022

Banque Misr extends collaboration with Finastra, selecting Fusion Trade Innovation and Fusion Corporate Channels to boost its offering and attract new customers. Ahmed Diab, Country Manager – Egypt at Finastra said, “Banque Misr is one of the leading national banks in Egypt, with a big market share of trade finance business in the region.

Regional 113

Regional Innovation User Experience Software 113

PYMNTS

FEBRUARY 8, 2018

percent of domestic and cross-border payments in December 2017, SWIFT found, with the company’s Head of Payments Markets, Asia-Pacific, Michael Moon noting, “Experts suggest that capital controls and uncertainties over future regulations mean that a significant reversal of the decline in RMB usage for trade and payments is unlikely in 2018.”.

Innovation 111

Innovation Payments blockchain Analysis 111

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. The law is still ambiguous.

Regulation 160

Regulation Policies Data Compliance 160

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

MARCH 25, 2019

The Netherlands, for instance, only recently implemented it because it needed to make sure that consumers’ personal data will remain protected, as payments in the region are mostly digital. The country was unenthused, she said, adding that the new PSD2 law is viewed as “a way of regulating activity that is in the market already.”.

Regional 108

Regional Regulation Data Payments 108

PYMNTS

AUGUST 4, 2019

And Busan has issued a “regulation-free” zone for blockchain development by South Korea’s national government. As a result, 11 regulations have been lifted for the project. On July 24, the Ministry of SMEs and Startups announced that Busan will host a range of blockchain offerings related to finance, public safety and tourism.

Bitcoin 115

Bitcoin Study Data Massachusetts 115

PYMNTS

FEBRUARY 25, 2020

The country’s recent cybersecurity and Open Banking developments have thus been the subjects of extensive scrutiny among its own regulators, as well as among cyber and financial experts around the world. Chinese regulators are also working on regulations to shore up application programming interface (API) innovations and platform banking.

Regulation 140

Regulation Compliance Online Data 140

PYMNTS

MAY 21, 2020

“A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. A central entity may be associated with a government of such a region.”.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

JANUARY 6, 2020

The nation has watched many European countries go through this process over the past year, so impacts on its financial ecosystem are at least expected if firms have not yet experienced them. Turkish regulators and government officials spent less time deliberating whether they wanted to implement PSD2 and more considering how to integrate it.

Regulation 131

Regulation Industry Data Regional 131

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

MARCH 5, 2018

Best Picture — Payments Innovation. By offering QR-based digital payments, smaller retailers can achieve these goals and create greater customer stickiness with little to no investment beyond the phone they already have,” said Jorn Lambert, EVP, Digital Channels and Regions, Mastercard. And the winners are….

Regulation 108

Regulation Data Regional America 108

PYMNTS

AUGUST 7, 2017

United Arab Emirates (UAE) regulators are setting out to establish a framework to guide the small business (SMB) crowdfunding market, news reports on Sunday (Aug. Reports noted that regulators are aiming to promote innovation and a broadening of small business investment activity.

Regulation 105

Regulation Regional National Report 105

PYMNTS

NOVEMBER 10, 2020

The November Smarter Payments Tracker® examines how FIs and FinTechs are innovating to deliver more compelling cross-border and international banking offerings. It also looks at the role of Banking-as-a-Service (BaaS) solutions in powering FIs’ and FinTechs’ efforts to cater to expatriates and immigrant workers.

Report 216

Report Fintech United States Meeting 216

PYMNTS

SEPTEMBER 11, 2019

Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. One-third of companies surveyed in the Real-Time Payments Innovation Playbook planned to implement them within the next three years. So, what’s the problem?

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. An ambitious goal, to be sure, and one that the U.N.

How To 205

How To National Fraud Data 205

American Banker

JANUARY 11, 2017

Simple innovations -- such as those that would bring the underbanked into the financial mainstream -- are often stymied by regulation, says Bank of America CEO Brian Moynihan.

Regulation 28

Regulation Innovation America Regional 28

PYMNTS

JULY 17, 2019

Beyond the technological advances, of course, China’s push toward a digital economy comes as the government has also digitalized the national ID card, which must be wielded by every citizen over the age of 16. National efforts to issue digital IDs to everyone may be hallmarks of China and India. The Big Tech Effect.

Course 185

Course Regional Policies Data 185

PYMNTS

JUNE 4, 2018

And, at the same time, if you overregulate, you sort of tamp down that creativity and you discourage the innovation.”. has lagged behind other regions (notably Europe, and, for example, the U.K.) has lagged behind other regions (notably Europe, and, for example, the U.K.) As noted at the time, the U.S. in sandbox development.

Fintech 119

Fintech Lending Regulation Examples 119

PYMNTS

JUNE 19, 2018

The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and consumer impacts of the General Data Protection Regulation (GDPR) will become clear enough that companies that took a laggard’s approach may start to feel significant pain.

Regulation 101

Regulation eBook social media Case Study 101

PYMNTS

AUGUST 1, 2018

Small businesses are essential job generators, and the major driver of economic growth and vibrancy for all regions of the country.”. The report also asked Congress to amend the National Bank Act to authorize the Office of the Comptroller of the Currency (OCC) to issue a federal charter for non-bank financial companies.

Policies 100

Policies Report Regulation Maine 100

PYMNTS

MARCH 6, 2018

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.” exits the bloc in 2019.

Fintech 136

Fintech blockchain Maine Guidelines 136

PYMNTS

JUNE 27, 2019

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . The BCB has officially unveiled details of its newly developed blockchain platform, Pier, designed to facilitate information exchange between financial regulators.

blockchain 147

blockchain Payments Regional America 147

PYMNTS

JULY 4, 2018

The news comes as the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region as the EU prepares for the U.K.’s 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.”

Fintech 105

Fintech Guidelines blockchain cryptocurrency 105

FICO

JULY 23, 2020

Europe and the USA are the two regions of the world hardest hit by financial crime compliance costs. The International Bank of Azerbaijan is the largest financial institution both in the Republic of Azerbaijan and the Caucasus region.

Compliance 52

Compliance Regional Analytics Software 52

PYMNTS

SEPTEMBER 30, 2016

“Singapore, on the other hand, is benefitting from a supportive regulatory framework and extremely high digital capacity, which means there is a potential for her to become the regional hub for Asia-Pacific and beyond.” The small nation made a push in support of FinTech innovation by reforming its payment laws. “It

Fintech 100

Fintech Regional Policies System 100

Gonzobanker

DECEMBER 17, 2021

From nowhere, sizable regional players are being created. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. 82% to over 2.3%

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

NOVEMBER 22, 2017

The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. We’re now transacting on a global basis in this space, which is ripe for innovation and improvement,” he said.

blockchain 134

blockchain Fintech Innovation Report 134

PYMNTS

AUGUST 7, 2019

The immediate impact of the acquisition will be felt in the Nordics, where clearing services already exist, and then well beyond that region. “We As he said, the bank notes may be different, the languages are different and each of the EU’s members may harbor the belief that each country has its own economic and national realities.

Payments 192

Payments Examples System Marketing 192

PYMNTS

SEPTEMBER 22, 2017

B2B: The trillion dollar industry that gets overshadowed in innovation by consumer gee-wizardry tech, B2B is gaining more attention by the day. Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. Just sayin’.

US 108

US Apple Innovation Regulation 108

PYMNTS

MARCH 29, 2016

Apple Pay’s competition in China just got a bit steeper, as Samsung has officially rolled out Samsung Pay in the region. “China UnionPay attaches great importance to the security and innovation of payment. Young, SVP, Global Product and Innovation. But Samsung may have an edge that Apple doesn’t. “The

Samsung 100

Samsung Apple Mobile Cards 100

Banking 2020

NOVEMBER 9, 2015

This is particularly true in the Asia-Pacific region, where new research is suggesting that payments made via these solutions are set for ‘explosive’ growth over the next few years. As emerging nations come online for the first time, smartphones will be the device of choice for many new internet banking users.

Mobile 40

Mobile Payments Regional National 40

PYMNTS

JULY 14, 2016

may have a new Prime Minister in place to guide the region through the next phase of Brexit , but uncertainty and a sense of unease remains, worldwide. For innovators, so, is the E-money license issued under the Financial Services Authority regulations there. and other nations as a trading partner.

National 100

National Strategy Fintech Regulation 100

Independent Banker

FEBRUARY 24, 2016

New inspirations, fresh experiences await at ICBA’s national convention. ICBA’s national convention offers an educational lineup this year of more than 60 workshops and networking sessions. ICBA’s national convention offers an educational lineup this year of more than 60 workshops and networking sessions. Regulators Luncheon*.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

Tech and Finance

APRIL 29, 2016

PWC identified six priorities for success: Developing a customer-centric business model, optimizing distribution, simplifying business and operating models, obtaining an information advantage, enabling innovation and proactively managing risk, regulations and capital. It suggests that top regional banks in the U.S.

Retail 28

Retail Regional Innovation Survey 28

Tech and Finance

APRIL 29, 2016

PWC identified six priorities for success: Developing a customer-centric business model, optimizing distribution, simplifying business and operating models, obtaining an information advantage, enabling innovation and proactively managing risk, regulations and capital. It suggests that top regional banks in the U.S.

Retail 28

Retail Regional Innovation Survey 28

PYMNTS

FEBRUARY 21, 2017

Skype cofounder Niklas Zennstrom is a known advocate for European startups who has invested much of his fortune into promising startups across the region. Anne Boden, founder of digital-only bank Starling , believes that without regulation from the EU, London’s FinTech scene faces a damaged competition landscape as a result of Brexit.

Digital Banking 101

Digital Banking Capital Fintech Groups 101