CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

PYMNTS

JUNE 9, 2019

This presents a unique systemic challenge to financial stability and efficiency, and one I hope we can touch on during the G20, and address in a cooperative and consistent fashion.”. Reuters noted that looking at the pros and cons of financial innovation is one of the many topics that will be discussed among the Group of 20 finance ministers.

Industry 190

Industry Big Data Fintech Taxes 190

PYMNTS

JANUARY 26, 2017

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. Regulation Throws FinTech Off-Guard.

Innovation 100

Innovation Payments Regulation Fraud 100

PYMNTS

AUGUST 8, 2019

bank Standard Chartered is expanding its network of innovation labs with the launch of an eXellerator lab in Shanghai, reports said this week. The latest lab will aim to promote collaboration between the bank’s employees, corporate clients and FinTech partners to develop new financial services for businesses.

Innovation 100

Innovation San Francisco Big Data Leadership 100

Bank Innovation

OCTOBER 29, 2019

You may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it. Silicon Alley” was initially coined in the mid-1990s as a way to group media startups housed around the Flatiron neighborhood of Manhattan.

Meeting 186

Meeting blockchain Fintech Financial Technology 186

PYMNTS

MAY 18, 2016

As President of Trulioo, Jon Jones is passionate about protecting consumers and businesses from all facets of fraud and subsequent loss — but he doesn’t believe that doing so effectively has to come at the expense of technological innovation. In many ways, RegTech can be viewed as an innovation enabler.

Innovation 100

Innovation Technology Regulation Fraud 100

Celent Banking

MARCH 31, 2015

Last week was busy for Celent: on Monday we hosted our annual Innovation and Insight Day at Carnegie Hall (more on that later). The Banking Team recognized nineteen model banks across five categories: Digital; Omnichannel; Legacy and Ecosystem Transformation; Innovation and Emerging Technologies; and Payments.

Innovation 100

Innovation social media Conference US 100

PYMNTS

SEPTEMBER 16, 2019

“As the world’s largest card scheme in terms of card issuance, UnionPay will be one of our key alliances in Asia,” said Georg von Waldenfels, EVP of group business development at Wirecard. Through our global strategic partnership with Wirecard , we plan to continue driving our international expansion forward,” Wang said. “We

Cards 170

Cards Innovation Financial Technology National 170

PYMNTS

MARCH 7, 2019

Ant Financial Services Group and Jiangsu-based Hoperun Information Technology announced Wednesday (March 7) a new banking product aimed at financial institutions. Hoperun and Ant Financial share a deep understanding of the financial industry, which is why we were keen to join hands to develop DCBP.

Technology 198

Technology Financial Technology Management Capital 198

PYMNTS

JANUARY 22, 2019

At the World Economic Forum in Davos, Switzerland, executives of PayPal and Mastercard touted partnerships between financial technology companies and banks as a positive way to gain customers’ trust and innovate new ways for customers to interact with their finances. On Tuesday (Jan.

Fintech 194

Fintech Apple User Experience Examples 194

PYMNTS

JANUARY 7, 2019

fashion retailer Missguided is offering a pay later option through Klarna , and Nordic payments company Nets A/S and merchant payment service provider Concardis Payment Group said they have completed their merger. 7) that they have completed their merger. ”

Cards 168

Cards Groups Payments Regional 168

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

FEBRUARY 24, 2020

Consolidation of this kind has been sweeping the financial technology sector as of late, with Intuit’s deal just the latest example. The deal lays bare the growing need for financial services groups to accumulate data. The company is now worth more than $74 billion.

Financial Technology 150

Financial Technology Data Software National 150

PYMNTS

JANUARY 21, 2021

In today’s top payments news around the world, Mynt is reportedly seeking more funding following a $175 million round, while WeTrade Group is seeking to raise roughly $121 million in its transfer from the OTC board to Nasdaq. Ant-Backed Mynt Seeks More Funding On Heels Of $175 Million Round. Mynt, for its part, runs the GCash digital wallet.

Policies 149

Policies Payments Groups Bitcoin 149

Perficient

JULY 11, 2022

Consumer advocate groups and regulators have also brought forth concerns about the ramifications of BNPL existing outside of the normal credit-reporting system. Some have even gone as far as to label BNPL services as exploitative of young and lower-income people. According to Kristen E.

Fintech 474

Fintech Trends Apple South Dakota 474

PYMNTS

AUGUST 4, 2017

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. faster payment system. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

Bank Innovation

AUGUST 29, 2019

You may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it. Silicon Alley” was initially coined in the mid-1990s as a way to group media startups housed around the Flatiron neighborhood of Manhattan.

Meeting 150

Meeting blockchain Fintech Financial Technology 150

CFPB Monitor

MAY 18, 2016

In particular, he indicated that while FinTech companies should not have an advantage in the marketplace over banks because they are not complying with same rules, the CFPB would seek to enforce the laws without stifling innovation. on “Supporting Responsible Innovation in the Federal Banking System.” Registration is free.

Innovation 68

Innovation Washington Risk Management Fintech 68

PYMNTS

JULY 6, 2020

Paytm, the eCommerce payment system and financial technology company based in India, has announced plans to purchase Raheja QBE General Insurance Co. The purchase price was not disclosed. Paytm said it is in the process of acquiring a 100 percent stake in the company.

Financial Technology 181

Financial Technology Strategy Groups Innovation 181

Bank Innovation

AUGUST 27, 2018

In the second quarter alone, funding for financial technology companies around the world reached $20.3 Fintech funding this year has been on the rise. billion in nearly 400 deals. Right now, venture capital firms, banks, and investors are pouring funds into companies Artifical Intelligence, the clear flavor of the year.

Capital 210

Capital Financial Technology Fintech Technology 210

PYMNTS

JANUARY 4, 2017

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. According to a report by Reuters , while FinTechs may not be red hot in the U.S., The weak activity in the U.S.

Fintech 159

Fintech Capital Financial Technology Report 159

PYMNTS

JANUARY 21, 2019

There, PSD2 was designed to encourage FinTech and payments innovation. Alipay , which is part of the Alibaba group and has more than 700 million users , reportedly received a license from Luxembourg for a new entity called Alipay (Europe) Limited S.A.

Trends 185

Trends Payments Fintech Mobile 185

American Banker

MARCH 17, 2021

The American Fintech Council and the Financial Technology Association say they’ll promote responsible innovation, fair access to financial services and more. Their dozens of members include some of the biggest names in fintech. ]].

Fintech 70

Fintech Groups Financial Technology Innovation 70

PYMNTS

DECEMBER 17, 2018

A financial technology company called B-Social has raised £3.2 B-Social offers a social finance app and a beta debit Mastercard, which allows its customers to keep a close eye on daily spending and track where money is going, and also creates groups between people to split bills and keep a record of who owes what.

Fintech 176

Fintech Groups Lending Financial Technology 176

PYMNTS

AUGUST 4, 2020

Grab Financial Group (GFG), a Southeast Asia financial technology (FinTech) and ridesharing company, is expanding its reach with the announcement on Tuesday (Aug. At the start of the year, Mitsubishi UFJ Financial Group invested more than $700 million in Grab. “We

Strategy 137

Strategy Management Groups Innovation 137

PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. The company recently announced $7.7

Fintech 209

Fintech Payments Oregon Cards 209

Payments Source

MARCH 17, 2021

The American Fintech Council and the Financial Technology Association say they’ll promote responsible innovation, fair access to financial services and more. Their dozens of members include some of the biggest names in fintech. ]].

Fintech 64

Fintech Groups Financial Technology Innovation 64

PYMNTS

MAY 26, 2017

With such rapid innovation and competition in the financial technology space, the importance of cash payments is only set to dwindle further,” said Expert Market Head Adelle Kehoe in a statement. Earlier this month, separate research from Barclaycard found that U.K. SMEs miss out on a collective $2.1

Report 140

Report Cards Millennials cryptocurrency 140

Abrigo

MAY 20, 2015

It’s not just the technology industry that is constantly evolving – many other industries must also remain adaptable to the changing landscape of the American consumer. An innovation like that can make the Apple Watch and Bitcoin seem archaic in comparison. One such industry is banking.

Apple 150

Apple Mobile Comparison Innovation 150

PYMNTS

MAY 30, 2018

“We are … in the process of putting together, for lack of a better word … a FinTech sandbox,” said acting CFPB Director Mick Mulvaney in a speech to the Women in Housing and Finance group, according to American Banker. “We

Fintech 116

Fintech Arizona Illinois Bitcoin 116

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks. Changing AML with AI and ML.

Strategy 123

Strategy Innovation Security Fraud 123

PYMNTS

MAY 11, 2020

A wholesale CBDC, restricted to a limited group of financial counterparties, would be largely business as usual,” Mersch said in the opening speech on Monday (May 11) at Consensus: Distributed. However, a retail CBDC, accessible to all, would be a game-changer, so a retail CBDC is now our main focus.”. We have to be ready.

Retail 130

Retail Conference Maine Policies 130

PYMNTS

SEPTEMBER 24, 2019

Now, helping make SWIFT Cloud Connect real, we are pleased to collaborate with Microsoft to leverage their cloud expertise and advance the frontiers of financial technology, offering a new level of service for SWIFT participants.”. Microsoft’s treasury group processes in excess of $400 billion in SWIFT-based transactions annually.

Payments 119

Payments New York Security Operations 119

PYMNTS

NOVEMBER 24, 2016

is already a hotbed of FinTech startups, but the government is getting behind it in a bigger way, committing to invest £500,000 a year into financial technology companies. is also agreeing to modernize its guidance in conjunction with the Joint Money Laundering Steering Group on electronic ID verification. In July, the U.K.

Fintech 100

Fintech New York Financial Technology Regional 100

TheGuardian

FEBRUARY 19, 2023

The 38-year-old co-founder of British financial technology company Revolut, wearing a tech bro’s uniform of jeans and a sweater, had been listening to Hunt set out his vision of the UK as “the world’s next Silicon Valley”, in a speech last month at the media group Bloomberg’s London headquarters. Continue reading.

Fintech 84

Fintech Financial Technology Groups Innovation 84

PYMNTS

MAY 26, 2020

“The acquisition of Pin Payments represents our investment to serve Australian entrepreneurs with world-class technology and a truly global acquiring network,” Pousaz said in a statement. “In In Pin Payments, we found an awesome team who shared a similar dedication to solving problems for businesses with innovative financial technology.”.

Payments 130

Payments San Francisco social media Regional 130

Bobsguide

MAY 25, 2022

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

Management 113

Management Payments Innovation Technology 113