PYMNTS

SEPTEMBER 14, 2016

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

Lending 100

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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

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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

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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

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. Airtel runs throughout 18 nations in Africa and South Asia with a mobile network that covers over two billion individuals.

Video 130

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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

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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

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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

PYMNTS

DECEMBER 24, 2020

Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . But as with any nascent payments technology, the bad guys are always lurking – especially with cryptos, where anonymity is prized.

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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.

Fintech 474

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PYMNTS

OCTOBER 16, 2019

The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. The fact is that the financial system … is the most heavily regulated part of the economy. He said that regulation is an important aspect of the field.

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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.

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PYMNTS

SEPTEMBER 14, 2016

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.

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Payments Source

DECEMBER 20, 2018

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

FDIC 62

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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

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PYMNTS

SEPTEMBER 18, 2019

It also will discuss how to deal with potential problems and challenges that come from using digital financial technologies. Germany’s national central bank, the Bundesbank , is also in talks with officials in Berlin about the development of digital currency. On Monday (Sept.

cryptocurrency 135

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PYMNTS

JULY 23, 2019

China’s banking regulator is introducing stricter requirements on banks and insurance institutions that provide supply chain financial solutions in an effort to curb fraud, according to China Daily reports last week. Regulators Step In. for Finance and Development’s Deputy Director Zeng Gang in an interview with China Daily. “How

Fraud 128

Fraud Regulation Report Management 128

Bobsguide

APRIL 30, 2018

National and regional interests have helped to determine the shape of financial regulations in recent years, but politicians and regulators have acknowledged the need to consider the global nature of markets when constructing them. It could be good news for financial technology providers.

Fintech 68

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PYMNTS

JUNE 20, 2019

Facebook, I believe, has made quite broad rounds around the world with regulators, supervisors and lots of people to discuss their plans and that certainly includes us,” Powell said on Wednesday (June 19), according to CNBC. Powell added that the Fed meets “with a broad range of financial sector firms all the time on financial technology.”.

cryptocurrency 108

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PYMNTS

MAY 31, 2016

Investors are worried about the decreasing value of the yuan, and “it seems that China is leading a lot of the movement,” noted Zennon Kapron, founder of financial technology consultancy Kapronasia and author of a book on bitcoin.“People People are protecting their investments [by converting yuan into bitcoin].”.

Bitcoin 100

Bitcoin National Financial Technology Regulation 100

PYMNTS

NOVEMBER 21, 2018

She continued, “Many national payment systems are benefitting from considerable innovation and change,” adding that cross-border payments “totaled 1.8 There is significant room for improvement in the cross-border payments space,” said Scott Hendry, Bank of Canada’s senior special director of financial technology, in another statement.

Payments 123

Payments Innovation National System 123

PYMNTS

OCTOBER 16, 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. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

JANUARY 24, 2018

It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. The China Banking Regulatory Commission (CBRC) reportedly published a paper last week that discusses the regulation of various financial technologies, including blockchain.

blockchain 133

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CFPB Monitor

SEPTEMBER 24, 2020

Given this structure, one concern might be whether covered companies may find themselves subject to significant differences in interpretation of state and federal laws and regulations, depending on which state is leading an exam.

Regulation 60

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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. Such profiles ensure FIs comply with current regulations and AML standards.

Strategy 123

Strategy Innovation Security Fraud 123

CFPB Monitor

MARCH 20, 2017

In Madden , the Second Circuit ruled that a company that purchases loans from a national bank could not charge the same rate of interest on the loan that Section 85 of the National Bank Act allows the national bank to charge. As Alan demonstrates in his article, there is clear OCC and U.S.

Conference 68

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PYMNTS

SEPTEMBER 30, 2016

The small nation made a 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. “It

Fintech 100

Fintech Regional Policies System 100

PYMNTS

JUNE 27, 2019

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.

blockchain 147

blockchain Payments Regional America 147

CFPB Monitor

DECEMBER 22, 2020

Section 29 of the Federal Deposit Insurance Act and FDIC regulations restrict the acceptance of deposits by IDIs that are less than well capitalized from a “deposit broker.” The term “deposit broker” is defined by Section 29 and the FDIC’s implementing regulations (12 C.F.R. Brokered Deposits. Primary Purpose Exception.

FDIC 78

FDIC Capital National Regulation 78

PYMNTS

NOVEMBER 22, 2017

The Monetary Authority of Singapore (MAS) announced this week that its global trade connectivity network (GTCN) initiative, a joint project to streamline cross-border trade between the two nations, will debut in early 2019. The Singapore-Philippines Agreement.

blockchain 134

blockchain Fintech Innovation Report 134

The Paypers

OCTOBER 31, 2016

(The Paypers) The Office of the Comptroller of the Currency (OCC) has released a framework for how it would approach financial technology regulation, ahead of the decision to issue or not a national charter for fintech firms.

Regulation 28

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American Banker

APRIL 18, 2016

Several Democratic senators are calling for the Government Accountability Office to investigate whether financial technology companies are properly regulated.

Regulation 28

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The Paypers

AUGUST 2, 2018

(The Paypers) US Office of the Comptroller of the Currency has announced it would start accepting national charter applications from financial technology companies.

US 28

US Regulation Fintech Financial Technology 28

CFPB Monitor

JULY 13, 2016

First, the OCC seems to recognize that many consumers and small businesses have difficulty obtaining credit, and that efforts to protect borrowers through regulation can actually harm borrowers by reducing credit availability. This appears to be one reason why the OCC wants to encourage financial innovations.

Innovation 60

Innovation Fintech Customer Experience Policies 60

Urs Bolt

OCTOBER 17, 2018

Fintech to facilitate inclusive financial system establishment in China, say experts. He added that China could use Blockchain technologies to decentralize its financial regulations and supervision by allowing private companies to test the ground in so-called regulatory sandboxes. Regulation. HearingTech.

System 28

System Fintech blockchain Innovation 28

Jessica Ellerm

FEBRUARY 25, 2016

On Wednesday Australia’s Prime Minister Malcolm Turnbull and Treasurer Scott Morrison jointly announced the launch of a new fintech advisory panel, bringing together bankers and fintech leaders alike, and tasking its members with the job of making Australia the leading force in financial technology within the APAC region.

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William Mills

SEPTEMBER 9, 2016

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