PYMNTS

MAY 27, 2020

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Many CUs are investing heavily in new digital technologies to help serve their members during the COVID-19 pandemic, but not all innovations are successful.

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ATM Innovation Meeting United States 243

PYMNTS

MARCH 30, 2020

The critical question, then, is not whether retailers can comply with these rules, but how they will do so while remaining competitive, Nicholas Ahrens, vice president of innovation at U.S. Retailers also typically have more personal relationships with consumers as they deal more directly with them than regulators.

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United States Retail Customer Experience Data 131

PYMNTS

SEPTEMBER 28, 2018

In an effort to get more clarity on the regulation of digital currencies, U.S. The lawmakers are looking for the official to lay out how the agency plans to regulate digital currency in clearer terms, CNBC reported. representatives wrote to U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton.

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Regulation San Francisco US Bitcoin 139

Let's Talk Payments

JULY 20, 2017

The prime brokerage market in the United States has experienced significant changes in the last decade. The financial crisis of 2008 brought a wave of new financial regulations that put.

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Regulation United States Innovation Fintech 104

Accenture

SEPTEMBER 11, 2020

Government regulations? In the case of touchless payments in the United States, change has mostly moved at a glacial pace—until COVID-19. What drives change in an industry? Businesses?

US 260

US United States Payments Regulation 260

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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Regulation social media cryptocurrency United States 129

PYMNTS

JULY 22, 2019

Others are just looking for a way to even be able to comply with KYC [know your customer] regulations as they are trying to remotely enroll unbanked consumers.”. The Latin American market isn’t going to slow down — not from an innovation standpoint, and not from a regulatory standpoint. A Diversity Of Needs. Meeting A Dynamic Market .

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Innovation Payments Regional America 161

PYMNTS

MARCH 30, 2020

The American workforce shifted to telecommuting almost overnight, and regulators have found ways to shorten decision making that once took months and years into hours and days. All panel participants noted that healthcare has not been an industry focused on digital innovation — either in terms of the provision of care or in paying for care.

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Innovation System United States Tools 147

CFPB Monitor

SEPTEMBER 19, 2019

The CFPB has published a notice in the Federal Register seeking ideas on how it can use Tech Sprints to advance regulatory innovation and compliance. Small teams include participants from both the regulator and a diversity of entities to ensure the inclusion of regulatory, industry, and technology perspectives.

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Innovation Compliance United States Regulation 60

PYMNTS

JANUARY 13, 2021

In today’s top payments news around the world, Globe Fintech Innovations has landed $175 million in additional venture funding, while Airtel has teamed with Amazon to launch a mobile-only video entertainment platform. UK, EU Begin Negotiations Over Financial Services Regulation. 26, according to the report.

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Video United States Mobile Payments 130

PYMNTS

SEPTEMBER 6, 2019

Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. Experts on dispensaries say such labeling is the only way to get around federal banking regulations. and Canada. Big Retail. Size also matters in this young industry.

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Retail Innovation Colorado Payments 121

PYMNTS

SEPTEMBER 29, 2016

After losing out on its bid to acquire LinkedIn, Salesforce is urging regulators to take a closer look at Microsoft’s purchase of the social networking site, Bloomberg reported on Thursday (Sept. regulators, it has yet to be approved by regulators in the EU. Microsoft’s acquisition of LinkedIn for $26.2

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Regulation United States Branding Innovation 100

CFPB Monitor

AUGUST 15, 2018

Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe. Commenters can submit responses to the Bureau’s representative, Paul Watkins in the recently-established Bureau’s Office of Innovation.

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Regulation Fintech United States Innovation 68

PYMNTS

SEPTEMBER 6, 2019

Why Invisible Will Make 2020’s Payments Innovation Roar. Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Regulators Taking Close Look At Payroll-Advance Apps. Trackers and Reports.

Innovation 116

Innovation Payments Apple United States 116

Bank Innovation

MARCH 27, 2020

In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies began formulating strategies to help banking and consumers emerge from the crisis with better tools and solutions.

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Fintech United States Tools Strategy 259

CFPB Monitor

JANUARY 3, 2019

Our guest for this week’s podcast is Paul Watkins, Director of the CFPB’s Office of Innovation. The Office has taken over the Bureau’s work that was formerly done under Project Catalyst, the initiative launched by the CFPB in 2012 for facilitating innovation in consumer financial products and services.

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Arizona Innovation Policies United States 60

PYMNTS

DECEMBER 16, 2020

While Malta passed blockchain-friendly regulations in 2018 to encourage innovation, “traditional banks have written off blockchain at its early stages,” said Malta Finance and Employment Minister Clyde Caruana, Cointelegraph reported, citing Lovin Malta , a media outlet. “It users to avoid running into potential compliance issues.

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blockchain Bitcoin cryptocurrency United States 151

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability.

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Fintech United States Regulation Innovation 115

PYMNTS

JULY 10, 2020

The end goal: to speed innovation toward new products and services while keeping fraudsters out. Regulation Vs. Market Forces. The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. The Pandemic Is Speeding Innovation Up.

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Data Innovation Fintech Illinois 272

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

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cryptocurrency Security Bitcoin Regulation 234

Abrigo

FEBRUARY 8, 2022

Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. DOWNLOAD .

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Compliance Training Regulation Fraud 195

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Considering t he global nature of COVID-19, regulators outside of the U.S. Security .

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Data Retail US California 199

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

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Regulation Regional Data United States 188

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable.

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Bitcoin ATM Security cryptocurrency 178

PYMNTS

OCTOBER 9, 2020

Britain’s top antitrust regulator proposed Friday (Oct. 9) that the country contemplate creating a new regulatory unit whose approval would be required before any dominant technology company could make an acquisition in the country. may be entering an era of more robust regulation. Coscelli said the U.K.’s

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Regulation United States Marketing Conference 183

Bank Innovation

JANUARY 24, 2018

JPMorgan Chase will open 400 new branches in the United States, raise the hourly wage for a portion of its workforce, and add new jobs to its banks as part of a $20 billion investment program, the bank said yesterday. The new branches will join the 5,130 Chase is already operating in the U.S., raising […].

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United States Operations Regulation 316

PYMNTS

SEPTEMBER 25, 2018

Viewed from high levels, the activity itself (lending, that is), has taken off in some of the countries one might expect, marked by relatively higher incomes, and where financial regulation might be relatively less stringent. The fact remains that credit availability has widened, the report stated.

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Fintech Lending United States Regulation 172

PYMNTS

AUGUST 24, 2020

The ChiNext reform is a significant part of China’s grand competition strategy with the United States,” Hao Hong, head of research at BOCOM International, wrote in comments quoted by Reuters. 14, Ant Group, a unit of Alibaba , filed to conduct an IPO in China that some experts said could rival history's largest.

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Marketing United States Groups Technology 152

PYMNTS

MAY 28, 2018

To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund innovation and research in tech startup projects across the region. According to Reuters , Europe has lagged behind the United States in developing new technologies.

US 108

US United States Samsung Innovation 108

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. FATF is the global watchdog for AML/CFT activity, and it is important to note that the United States shows full support in global efforts by their recent priorities release. How to prepare. financial system.

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Community Regulation Training Policies 195

PYMNTS

AUGUST 18, 2019

This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. This now enables us to offer institutional-grade custody via the Bakkt Warehouse alongside the federally regulated Bakkttm Bitcoin Futures contracts.”. 16) in a press release.

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Bitcoin New York United States Leadership 165

CFPB Monitor

JULY 14, 2022

On July 8, with limited fanfare, the Department of Treasury issued a request for public comment regarding the March 9, 2022 Executive Order entitled “Ensuring Responsible Innovation in Digital Assets” (the “Order”). leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.”

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United States Leadership Policies Regulation 78

PYMNTS

NOVEMBER 18, 2019

As the movie industry goes through more changes with technological innovation, with new streaming businesses and new business models, it is our hope that the termination of the Paramount decrees clears the way for consumer-friendly innovation,” said Delrahim. In a speech on Monday (Nov.

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United States Innovation Regional Apple 100

PYMNTS

MAY 21, 2020

In the United States, the digital dollar was floated in a draft proposal of one of the early stimulus bills. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A Though involving vast numbers of accounts, it would not be a particularly innovative option from a technological viewpoint.

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United States Regional cryptocurrency Retail 244

CFPB Monitor

MARCH 15, 2022

The complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans).

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California Innovation Utah West Virginia 78

PYMNTS

JANUARY 15, 2021

Founded in 1999, based in Argentina and registered in the United States, MercadoLibre is an eCommerce platform and digital payment solution that operates across Latin America. The company's total revenue increased by 59 percent in 2019 to reach $2.30 billion; first-quarter revenue in 2020 went up 38 percent to $652 million.

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Regional America United States Operations 207

PYMNTS

AUGUST 21, 2019

In the latest Digital Banking Tracker , PYMNTS examines how legacy banks are approaching innovation among the rising tide of challenger banks and smaller FinTech startups, as well as how they’re approaching authentication and security as customers continue to demand more convenience and speed. About the Tracker.

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Trends Digital Banking Innovation Regional 194