PYMNTS

JANUARY 6, 2021

Chinese regulators want billionaire Jack Ma to share consumer-credit data collected from his financial technology company Ant Group , which he's largely resisted doing for years, The Wall Street Journal (WSJ) reports. Ma has little room to bargain at this point after the drubbing his empire has taken in recent months.

Groups 150

Groups Data Regulation Financial Technology 150

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. China TransInfo Technology Corp.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

JULY 1, 2020

A group of big European banks is planning to challenge Visa ’s and Mastercard ’s positions as the world’s two largest payment processing networks, Electronic Payments International reported. . The launch, first reported by Les Échos, is expected to be revealed by the 24 banks as early as Thursday (July 2). .

System 327

System Payments Cards Groups 327

Payments Source

MARCH 12, 2021

Simon Hu has unexpectedly resigned as chief executive officer of Ant Group Co., adding fresh turmoil to the financial technology giant as it grapples with Chinese government demands to overhaul its business.

Groups 118

Groups Financial Technology Technology Fintech 118

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

JANUARY 26, 2021

So, payments provider Ant Group ’s much-heralded initial public offering (IPO) could be back on? While Ant calls itself a financial technology company (FinTech), China’s financial regulators are starting to view it as being more like a bank. Ant is a spinoff from Chinese billionaire Jack Ma’s Alibaba Group.

Regulation 238

Regulation Groups Online Financial Technology 238

Bank Innovation

JANUARY 17, 2018

London bank Standard Chartered has created an investment unit for financial technologies and innovation, the bank reported today. Under the heading ‘SC Ventures,’ the unit will focus on the bank’s existing “minority investments in fintech,” as reported by Reuters, while also searching for new fintech investments.

Fintech 249

Fintech Financial Technology Innovation Report 249

CFPB Monitor

JANUARY 22, 2024

On January 11, 2024, the House Financial Services Committee announced the formation of a bipartisan Working Group on Artificial Intelligence (“AI”). The working group is to be led by the Chairman of the Digital Assets Financial Technology and Inclusion Subcommittee, French Hill, along with the Subcommittee ranking member Stephen Lynch.

Groups 88

Groups Financial Technology Technology 88

Payments Source

JANUARY 20, 2021

China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group and its biggest rival Tencent Holdings.

Online 154

Online Payments Financial Technology Groups 154

Bank Innovation

MARCH 9, 2017

Citi Group named long-time executive Yolande Piazza the head of Citi Fintech today. Piazza, a 30-year financial technology veteran, who has been serving Citi in a variety of roles since 1988, will lead the group’s efforts in mobile, payments, and general fintech innovation.

Fintech 170

Fintech Financial Technology Innovation Mobile 170

PYMNTS

JUNE 9, 2019

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe. The meeting also resulted in the Group of 20 finance ministers announcing they will work together to create common rules to close corporate tax loopholes.

Industry 190

Industry Big Data Fintech Taxes 190

Payments Dive

MARCH 4, 2016

The company has already signed two cooperation agreements — one with international customer interaction solutions provider NF Innova and one with Hungary-based financial technology company E-Group.

Mobile 150

Mobile Fintech Financial Technology Groups 150

PYMNTS

JANUARY 24, 2020

The crypto could be a joint effort between private firms and the government, which would help Japan tap into worldwide shifts in financial technology, as the Parliamentary Vice Minister for Foreign Affairs Norihiro Nakayama told Reuters. The first step would be to look into the idea of issuing a digital yen,” Nakayama said.

cryptocurrency 252

cryptocurrency Financial Technology Report Groups 252

PYMNTS

OCTOBER 23, 2018

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

Bitcoin 191

Bitcoin blockchain Groups System 191

PYMNTS

NOVEMBER 8, 2018

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). USD) a year into financial technology companies. has been a hotbed of FinTech startups.

Guidelines 192

Guidelines Fintech Retail Financial Technology 192

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

NOVEMBER 3, 2020

For Ant Group, for Alibaba, and for the biggest IPO ever, it’s a case of hurry up and wait. In language from the Shanghai exchange translated from the Mandarin by CNBC and sent to Ant, the exchange noted, “Your company has also reported significant issues such as the changes in financial technology regulatory environment.

Lending 199

Lending Meeting Groups Regulation 199

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. In 2021, the Standish Group reported that 83% of I.T.

Technology 126

Technology Regional Community Bank Community 126

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

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. Ant noted DCBP is the first co-developer service in its technology product portfolio.

Technology 198

Technology Financial Technology Management Capital 198

Chris Skinner

MAY 12, 2017

He is also one of the Top 5 most influential people on BankInfoSecurity’s list of information security leaders, as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal.

Regulation 255

Regulation Capital Fintech Innovation 255

PYMNTS

MAY 26, 2020

To continue its fast international expansion, TIS (Treasury Intelligence Solutions) notched $20 million in additional financing led by Aquiline Technology Growth. It noted that many organizations with the inclusion of Hugo Boss, Adecco Group and Bertelsmann already utilize TIS.

Payments 191

Payments Leadership Technology Management 191

PYMNTS

JANUARY 26, 2020

As SoftBank’s Latin America fund is one of the leading technology investors in the world, the equity infusion will give AlphaCredit the opportunity to “consolidate its place as one of the leading financial technology platforms” in the region, a press release says. It has utilized a number of services including AXS Access, Check!,

Fintech 247

Fintech America Capital Regional 247

PYMNTS

FEBRUARY 16, 2020

Softbank’s move into Latin America is also looking at artificial intelligence (AI) startups that apply the technology to food-related businesses, particularly plant-based food. In 2019, Softbank invested $130 million in Kaszek Ventures and bought a $100 million stake in Valor Capital Group.

Fintech 174

Fintech America Regional Capital 174

CFPB Monitor

DECEMBER 8, 2022

SaverLife is a national non-profit sponsored by some of the nation’s leading financial institutions that uses financial technology to improve the financial health of low- to-moderate income consumers by incentivizing savings through prizes, rewards, expert resources, and gameplay.

Financial Technology 78

Financial Technology Technology Resources National 78

CFPB Monitor

FEBRUARY 28, 2019

All of the meetings are scheduled to take place at the same time, thus suggesting that the groups will hold a combined meeting. The notices indicate that each of the groups “will discuss policy issues related to financial technology and other trends and themes in consumer finance.”. on March 14, 2019.

Meeting 68

Meeting Groups Washington Community Bank 68

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

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.

Innovation 100

Innovation Technology Regulation Fraud 100

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

NOVEMBER 14, 2017

has been notably slower — four years ago the Fed began officially turning to banks, financial technology companies, businesses and consumer groups to encourage to find ways to speed payments. Bancorp, JPMorgan Chase & Co, Citigroup, PNC Financial Services Group and SunTrust Banks — in the next month.

Payments 193

Payments Boston System New York 193

Payments Source

SEPTEMBER 17, 2020

Ant Group was dealt another blow by more regulations to contain risks in the country’s burgeoning online lending industry as Jack Ma’s financial technology giant prepares for its initial public offering.

Lending 118

Lending Financial Technology Regulation Groups 118

PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets. .”

Payments 294

Payments blockchain System Bitcoin 294

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

FEBRUARY 16, 2020

The shares were from the company’s technology holdings, according to Rakuten, and the sheer amount of them raised concerns among analysts about overvaluation in the sector. Though it saw some gains in the financial technology business, it had losses when it came to ride-hailing investments, like the one it had in Spain’s Cabify.

social media 169

social media Policies Operations Financial Technology 169

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

JUNE 29, 2020

The report said firms such as Pockit, the London-based financial technology company that offers an alternative to traditional banks, and U Account, the Sheffield, England digital bank, a subsidiary of subprime lender Morses Club PLC that provides finance to poorer clients, are among those hardest hit. authorities.

Taxes 223

Taxes Report Financial Technology Examples 223

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