PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.

Fintech 211

Fintech San Francisco National Innovation 211

CFPB Monitor

SEPTEMBER 5, 2018

announced they have been granted preliminary approval by the OCC of their application to form a de novo national bank, which they claim “put[s] Varo on track to become the first all-mobile national bank in the history of the United States.”. Rather than a SPNB charter, Varo is seeking a full-service national bank charter from the OCC.

National 68

National Fintech United States New York 68

PYMNTS

NOVEMBER 14, 2017

to keep pace with nations like the U.K. In other nations, faster payments plans have gotten more traction after banks were ordered by their governments to speed things up — usually after problems with the older, slower system emerged. The upgrade to the system also allows the U.S. Progress in the U.S.

Payments 193

Payments Boston System New York 193

Bank Innovation

JULY 26, 2019

Dave Girouard, CEO and founder of Upstart, testified before Congress’ Task Force on Financial Technology for its hearing on the use of alternative data in loan underwriting and credit scoring. Girouard spent eight years as the president of Google Enterprise, where he presided over Gmail and Google Docs.

Google 210

Google Financial Technology Data Technology 210

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

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

Perficient

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. The same organization will typically have a national bank charter, and the OCC is the primary federal banking regulator for that part of the organization.

Management 221

Management Risk Management Regulation Compliance 221

PYMNTS

NOVEMBER 15, 2018

Maxime de Nanclas, COO and co-founder of Mobeewave, said, “Securing strategic funding from organizations with a proven track record of supporting innovation, especially financial technologies, will enable Mobeewave to continue to grow, [and] develop new product offerings and business partnerships.

Mobile 199

Mobile Fintech Samsung Capital 199

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 has rolled out its service in the U.K. and Sweden, it noted.

Fintech 209

Fintech Payments Oregon Cards 209

PYMNTS

JULY 15, 2020

In regards to the company’s recent filing for a national bank charter, Noto said, “Being a national bank would really be critical strategically. In April, SoFi said it had come to a definitive arrangement to purchase Galileo Financial Technologies. Our company is ready for that next important step and responsibility.

Samsung 162

Samsung National Millennials ATM 162

PYMNTS

JANUARY 20, 2021

Clients of JAGGAER who harness TransferMate for cross-border transactions will be able to reserve a real-time exchange rate before transmitting the funds to a TransferMate account in their own nation or jurisdiction, the announcement stated. TransferMate, in turn, will deliver the money to the recipient in the target nation.

National 142

National America Financial Technology Software 142

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

PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money in India would be reportedly based on Unified Payments Interface (UPI), the real-time payment system of the National Payments Corp. of India (NPCI).

San Francisco 186

San Francisco Fintech Analytics New York 186

CFPB Monitor

NOVEMBER 20, 2019

The Task Force on Financial Technology of the House Financial Services Committee has scheduled a hearing entitled “ Banking on Your Data: The Role of Big Data in Financial Services ” on November 21, 2019. Lauren Saunders, Associate Director, National Consumer Law Center. The scheduled witnesses include: Ms.

Big Data 60

Big Data Financial Technology Data Technology 60

PYMNTS

SEPTEMBER 16, 2019

As a major tourist and business destination, China receives hundreds of millions of travelers every year, which means that the scope of our solutions will also address non-Chinese nationals and enable them to pay with UnionPay nationwide.”. Larry Wang, vice president at UnionPay International, said he was excited about the partnership.

Cards 170

Cards Innovation Financial Technology National 170

PYMNTS

OCTOBER 10, 2019

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. The regulator made the remarks at the Finopolis forum of innovative financial technologies.

cryptocurrency 108

cryptocurrency National Study Comparison 108

PYMNTS

FEBRUARY 16, 2020

Freire added that Argentina, Brazil, Chile, Colombia and Mexico “are in the spotlight,” and there’s no “preset amount by nation.”. 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.

Fintech 174

Fintech America Regional Capital 174

PYMNTS

FEBRUARY 16, 2017

Analysts say easing startups’ access to venture capital follows efforts to ease companies’ access to innovative financial technologies. According to reports, the nation hosts 153 venture capital firms, citing data from Preqin, which have provided $3.5 “Nobody makes any money from these mid-term marks.

Regulation 183

Regulation Capital Fintech Innovation 183

Perficient

DECEMBER 22, 2023

Looking Forward The OCC maintains a technology-neutral stance and supports continuing efforts by national banks and federal savings associations to explore safe and sound uses of new and emerging financial technology such as AI.

Risk Management 221

Risk Management Compliance Fraud Operations 221

PYMNTS

SEPTEMBER 16, 2020

Businesses can also harness flexible application programming interface (API) integrations or file uploads to reduce interruptions to existing procedures in enterprise resource planning software (ERP) and other financial technologies.

Taxes 163

Taxes Compliance Software Resources 163

PYMNTS

JANUARY 19, 2021

Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. Western Union allows for cross-currency, international transfers in 200 nations and territories. Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion. The pricing, scope and timing of the arrangement have not been set.

US 133

US Payments Resources National 133

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate existing legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Fintech 117

Fintech National Regulation Innovation 117

Perficient

JULY 11, 2022

Lauren Saunders, Associate Director of the National Consumer Law Center, said in the hearing that even for products “clothed in shiny fintech garb,” more consumer protection measures need to be in place for BNPL products and asserted that many of their “abusive profit models may be built on late fees from struggling consumers.”.

Fintech 474

Fintech Trends Apple South Dakota 474

PYMNTS

JANUARY 7, 2019

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., In the U.K.,

Cards 168

Cards Groups Payments Regional 168

PYMNTS

MAY 27, 2020

The company said the account is secure and offers rewards for savers with higher interest relative to the national average of transactional accounts. Our partnership with Samsung is really an extension of our ability to reach people to help them achieve financial independence and get their money right,” Noto told the network.

Samsung 131

Samsung San Francisco National Millennials 131

PYMNTS

OCTOBER 9, 2020

Company Co-Founder and Partner Dana Settle told Bloomberg that Greycroft plans to use the fresh funds to invest in retail-oriented businesses, although it's also interested in working with health technology, financial technology and grocery-related businesses. Salesforce Ventures .

San Francisco 196

San Francisco Capital United States Big Data 196

PYMNTS

APRIL 23, 2020

But the expansion, giving rise to the new SoFi Invest will offer “automated investing” and financial education. billion (in cash and stock) to buy Galileo Financial Technologies, which focuses on payments and bank account infrastructure. The 8 Securities deal comes a few weeks after SoFi said it would spend $1.2 As many as 34.2

San Francisco 252

San Francisco Online Fintech Survey 252

PYMNTS

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. The Hubs will initially launch in Basel and Hong Kong, while a third Hub is set for Singapore.

Innovation 155

Innovation Trends Technology America 155

PYMNTS

JUNE 26, 2020

Valdis Dombrovskis , the European Union’s (EU) executive vice-president in charge of financial services policy, said Wirecard’s collapse threatens investor trust in the EU, the newspaper reported.

Regulation 152

Regulation Capital Policies Course 152

PYMNTS

AUGUST 28, 2019

As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country.

Fintech 172

Fintech Analysis Guidelines Data 172

PYMNTS

JANUARY 13, 2021

Plus, the United Kingdom and the European Union are set to begin discussions on financial services sector regulation now that Brexit has been affected. Globe Fintech Innovations of the Philippines, which is Globe Telecom’s financial technology division that runs the GCash digital wallet, has raised $175 million in further venture funding.

Video 130

Video United States Mobile Payments 130

PYMNTS

JANUARY 13, 2021

As it stands, PSCU works with CUs throughout the nation and helps with more than 5.4 Financial technology has become a quickly expanding vertical in the country of almost 100 million, with the COVID-19 health crisis having moved shopping activity online and left consumers seeking contactless payment choices.

Digital Banking 141

Digital Banking ATM Capital Regional 141

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

Fintech 167

Fintech Guidelines Mobile Examples 167

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate exiting legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Fintech 101

Fintech Cyber Security National Regulation 101

PYMNTS

SEPTEMBER 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. The agency regulates, supervises and charters national banks and is an independent bureau within the Treasury. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending.

Lending 100

Lending Regulation Conference Study 100

Payments Source

DECEMBER 13, 2017

Financial technology companies are reinventing every aspect of business finance, starting with payments. Banks have long promised to automate supplier payments for their customers, but have fallen far short, writes Brent Meyers, vice president of national sales for Nvoicepay.

Financial Technology 76

Financial Technology National Payments Technology 76

PYMNTS

MARCH 2, 2020

Fajardo added that the partnership will empower businesses by offering financial services that will help them create a positive economic impact. “As She added that the companies have a common goal of advancing financial inclusion in the country. “We

Innovation 131

Innovation cryptocurrency Financial Technology National 131