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How Cannabis Can Become A B2B Payments Innovation Influencer

PYMNTS

Credit unions and regional or community banks have stepped in to fill the banking gap, making barriers to accessing much needed financial services lower than ever before for marijuana businesses. As it turns out, other industries can benefit from technology that addresses those same pain points.

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US Finance Crimes Org Calls For Private Sector Innovation

PYMNTS

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

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Grab Launches Microinvestment Solution, Consumer Loans, BNPL Plans

PYMNTS

Grab Financial Group (GFG), a Southeast Asia financial technology (FinTech) and ridesharing company, is expanding its reach with the announcement on Tuesday (Aug. Called “Thrive with Grab,” the strategy is designed to tap into the region’s vast market.

Strategy 137
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Wirecard, Ctrip Roll Out Multi-Currency Card; Missguided Launches ‘Pay Later’ Option

PYMNTS

Digital financial technology company Wirecard and online travel agency Ctrip are rolling out multi-currency Visa cards to Ctrip customers in China, Wirecard said in an announcement. The card will support currencies from Australia, Japan and the U.S., ”

Cards 168
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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

PYMNTS

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.

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Samsung’s Neon, 2020 Trendlines, Faster Payments Top This Week’s News

PYMNTS

JPMorgan Ups Security By Blocking FinTechs From Passwords. Might the coming year be marked by innovation at the point of sale (POS)? The education space needs innovative payment processes. billion records into the last few months of last year, according to Risk Based Security , and they were on track to access 8.5

Payments 108
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Open banking APIs are open for business

Insights on Business

The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. They are the mechanism that banks use to exchange customer data with other parties in a simple and secure way. Other banks in the region tried to build alternative solutions.

Fintech 181