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Currency Comptroller: New Plan Regulating Marketplace Lending

PYMNTS

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. However, the companies that receive those charters would be held to the same strict safety standards that other federally chartered institutions are obligated to meet and comply with.

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Macro Trends and Millennials: AFT Spring Summit Meeting

William Mills

The Association for Financial Technology (AFT) held its 2016 Spring Summit Meeting in Orlando, Florida this year, and both Kelly Williams and I made the trip to learn more about what’s happening right now in the banking industry as well as what trends to expect in the future.

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How Synchrony Financial Is Upgrading Its AML Strategy

PYMNTS

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.

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FB Touched Base With Fed On Crypto

PYMNTS

Powell added that the Fed meets “with a broad range of financial sector firms all the time on financial technology.”. There’s just a tremendous amount of innovation going on out there,” he said. The funds will be used to pay for the creation of the coin itself, which is set to launch in the first half of next year.

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FinTech Firms On The New FinTech Charter

PYMNTS

Department of the Treasury report on how to encourage more FinTech, payments executives were mulling over the report, wondering if it would lead to any concrete improvements and giving their ideas to PYMNTS about how to best improve payments innovation and entrepreneurship. FinTech Improvements. Additionally, the report calls upon the U.S.

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Singapore’s Big Week In Blockchain Progress

PYMNTS

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.

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3 Reasons Why Fintech is Thriving in Atlanta

William Mills

Metro Atlanta has established itself as a major hub for the fintech (financial technology) industry. According to the American Transaction Processors Coalition, more than 70 percent of all payments on a global scale currently pass through companies headquartered in metro Atlanta, earning the city the moniker “Transaction Alley.”

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