PYMNTS

NOVEMBER 9, 2020

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. Increasingly, open banking will underpin that collaboration. Access for the consumer though means access to that far-flung data is paramount for the banks and third parties.

Consumer Financial Protection Bureau (CFPB) 114

Consumer Financial Protection Bureau (CFPB) Accreditation CFPB TCH 114

Open Banking Excellence

MARCH 15, 2024

A look at four of Australia’s Open Energy use cases While the world has taken Europe’s lead on Open Banking, Australia started with an economy-wide approach informed by the Consumer Data Right (CDR), which implemented economy-wide Open Data. It started with Open Banking, moved onto Open Energy and is now taking aim at other industries too.

Use Case 147

Use Case Non-Bank Consumer Accreditation 147

PYMNTS

FEBRUARY 13, 2020

This new integration means that FIS is the first non-bank payment processor to sync up with PayPal’s Pay with Rewards. The new agreement builds on an existing relationship between FIS and Worldpay for processing card payments for PayPal customers in more than 50 markets around the world,” the release said.

PayPal 99

PayPal Enrollments Non-Bank Processors 99

PYMNTS

SEPTEMBER 27, 2018

Alibaba Group announced Thursday (September 27) that it signed up with Banking Circle to use its infrastructure and global network for digital payments. We are delighted to partner with Banking Circle. Payments are simply payments,” said Anders la Cour, co-founder, and chief executive of Banking Circle, in the same press release.

Cross-Border Payments 73

Cross-Border Payments Cross-Border Non-Bank Payments 73

Fintech Finance

DECEMBER 16, 2024

Mastercard and Jeel a subsidiary of Riyad Bank are joining forces to enable digital and cutting-edge solutions such as AI to drive innovation in Saudi Arabia. Introducing the novel offering to the Kingdom, the collaboration will see the two entities work together to serve all non-banking financial institutions (NBFI) market segments.

Visa 59

Visa Non-Bank SWIFT Payments 59

The Fintech Times

OCTOBER 16, 2024

Etihad Credit Insurance (ECI), the UAE Federal export credit company, and the Multilateral Investment Guarantee Agency (MIGA), an institution of the World Bank Group , have expanded their cooperation and coordination to drive foreign direct investments (FDI), along with co-insurance and reinsurance activities. per cent increase over 2022.

Non-Bank 52

Non-Bank Agreements Economy Addressing 52

Open Banking Excellence

SEPTEMBER 21, 2023

Banks, fintechs, all other financial institutions and their supply chains must take the necessary steps to comply or risk paying a very heavy price both financially and reputationally. Banks and other companies which provide financial services in Europe already have plans in place for their IT security, but we need to go one step further.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

PYMNTS

MARCH 17, 2016

Cumulus Funding, a consumer finance company specializing in providing Income Share Agreements (“ISAs”) to individuals seeking a more flexible consumer finance alternative, has announced a major funding round today (March 17). Over the last 15 years, Continental has developed a deep domain understanding in the non-bank financial market.

Finance 59

Finance Consumer Non-Bank Agreements 59

PYMNTS

JANUARY 25, 2021

The combined company aims to facilitate easier connections between retail and banking customers. A non-bank ATM operator, Cardtronics also offers managed services and payment processing to banks and merchants. With committed financing by Bank of America, NCR is moving to finalize the transaction with cash on hand. .

Advisors 81

Advisors Non-Bank Legal ATM 81

Stax

FEBRUARY 26, 2024

The recurring payment process involves a series of well-coordinated steps, starting with customer authorization and agreement setup. Customer authorization and agreement setup Customers grant businesses the authority to charge their accounts by providing authorization through various means. How Do Recurring Payments Work?

Best Practices 88

Best Practices Payment APIs and Integration Payment Gateways Payments 88

Finextra

MAY 9, 2024

O3 Capital (“O3”), a leading Nigerian fintech and the country’s first non-bank credit card issuer, has announced an agreement with American Express to issue four new American Express credit cards: the O3 American Express Green Card for consumers, the O3 American Express Gold Card for consumers, and the O3 American Express Platinum® Card for consumers; (..)

Card Issuer 52

Card Issuer Credit Cards Non-Bank Issuers 52

VISTA InfoSec

SEPTEMBER 14, 2023

Non-EU businesses monitoring activities such as cookies or other tracking technologies, behavioral advertising, geolocation, and market surveys can be subject to GDPR (Recital 24 of the GDPR). citizen visits Iceland, which is in the EEA, and uses a non-GDPR-protected service. citizen visits France and uses a GDPR-protected service.

Compliance 130

Compliance Privacy Processors Legal 130

PYMNTS

DECEMBER 4, 2018

European Union finance ministers worked out a plan for combating money laundering and also made a deal on major bank reform on Tuesday (Dec. The money laundering plan is a response to highly visible cases of alleged criminal activity at EU banks in countries such as Malta, the Netherlands, Britain, Estonia and others.

Money Laundering 57

Money Laundering Financial Crimes Non-Bank Rules 57

Stax

NOVEMBER 15, 2023

TL;DR Credit card interchange fees are the fees that merchants pay to banks and credit card companies every time they accept credit cards. Interchange fees themselves are non-negotiable and they’re charged whenever a merchant accepts credit card payments. They are therefore non-negotiable.

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

The Fintech Times

FEBRUARY 3, 2024

The fintech will also retain a 45 per cent non-controlling equity stake in Worldpay ; with private equity firm GTCR controlling the remaining 55 per cent. We will maintain a meaningful minority stake in Worldpay and participate on the Worldpay Board, allowing us to benefit from continued growth in its business.”

Agreements 78

Agreements Participant Non-Bank Continuity 78

PYMNTS

JANUARY 11, 2019

The crypto landscape in India, at least when it comes to banking, may be a bit less indecisive. As reported by ccn.com , some Indian banks are inking service agreements that require customers to pledge that they will not use cryptocurrencies for, well, just about anything — stipulations that are baked into new service agreements.

Cryptocurrency 64

Cryptocurrency Non-Bank Agreements ATM 64

The Fintech Times

FEBRUARY 10, 2024

Supermarket Tesco has a struck a £600millon deal to sell its banking operations to Barclays with the bank taking over Tesco’s credit cards, loans and savings accounts. Does it reflect a wider trend of consolidation within the banking sector? Who’s next?

Non-Bank 69

Non-Bank Credit Cards Continuity ATM 69

PYMNTS

NOVEMBER 23, 2018

Danske Bank, Denmark’s largest bank, is being investigated over what has been termed “massive money laundering flows” from Russia and several former Soviet states. The probes are ongoing and relate to transactions tied to the bank’s Estonian branch — and focus on $150 million that made its way through accounts of non-Estonian holders.

Non-Bank 57

Non-Bank Correspondent Bank Money Laundering Correspondent 57

The Fintech Times

JANUARY 17, 2024

” ‘AI has been a game-changer’ Tomas Navickas , CTO and co-founder of digital banking platform myTU , also added: “AI has been a game-changer for our fintech business, going beyond what traditional machine learning offers. The most striking impact for myTU? .

AI 128

AI FinTech Underwriting Due Diligence 128

PYMNTS

FEBRUARY 23, 2020

If E-Trade Financial Corp walks away from its $13 billion deal with Morgan Stanley , the massive bank will come away with a $375 million breakup fee, according to Reuters. After that, those knowledgeable of the market speculated that E-Trade would be next up for a sale, due to the continuing pressures on non-commission trading.

Non-Bank 60

Non-Bank Agreements Acquirers Continuity 60

Fintech News

APRIL 28, 2024

Money20/20 Asia made its debut in Bangkok on April 23, 2024, bringing together key players from across Asia’s financial landscape, including banks, payment providers, startups, retailers, fintech companies, and regulators. Additionally, they can access developer guides on API technology and security protocols.

Payment APIs and Integration 117

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 117

Stax

AUGUST 20, 2024

TL;DR Embedded finance integrates financial services into non-financial business processes, while embedded fintech integrates fintech solutions into the processes of an institution in the finance industry. This is because most embedded finance solutions are provided by traditional banks. However, they’re two different concepts.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

The Fintech Times

APRIL 30, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “Through integrating financial services into their offering, businesses are ensuring a succinct customer experience, whether in retail, automotive, insurance, or banking.

Embedded Finance 109

Embedded Finance Finance Innovation AI 109

Finovate

DECEMBER 3, 2024

has acquired data integration startup UpSwot to enhance its AI Workbench capabilities and expand its applications for banks, fintechs, and wealth management firms. UpSwot was founded in 2019 to bring banks actionable insights derived from their commercial clients’ data. Enterprise AI platform Uptiq.AI “Uptiq.AI

Acquirers 59

Acquirers Gateways CRM AI 59

PYMNTS

JANUARY 26, 2021

Think about major multinational companies, government organizations, airports and banks and the way employees, guests, mail, FedEx, UPS or anyone is allowed to come on the premises, Mashiyev said, and it's evident that a lot of businesses are still signing people in by paper and pen and using what he calls “the caveman solution.”.

Posting 116

Posting Automation Best Practices Compliance 116

PYMNTS

SEPTEMBER 18, 2018

The system is known as FAST, and Minister of Education Ong Ye Kung said part of the impetus is to let non-bank firms have access, while launching a unified payment code known as SGQR that is focused on ePayments. They have to provide two-way payments between eWallets and bank accounts.”. Open Banking, APIs In The UK.

Legal 66

Legal Office of the Comptroller of the Currency FinTech eWallet 66

Neopay

NOVEMBER 27, 2023

The European Council and European Parliament have struck a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers.

Instant Payments 52

Instant Payments Non-Bank Stablecoins IBAN 52

PYMNTS

JANUARY 23, 2019

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. The bank also reported that non-interest expenses increased 10 percent to $4.1 For Q4, the bank said provision for credit losses increased 29 percent to $1.6 billion, an increase of $5.8

Credit Cards 62

Credit Cards Non-Bank Acquirers Issuers 62

The Fintech Times

MAY 9, 2024

Banked , the real-time payments provider, has joined forces with the National Australia Bank (NAB) to accelerate the number of Australian merchants adopting and integrating account-to-account (A2A) payment solutions. “Working together is the secret to success. “Working together is the secret to success.

Payment Solutions 59

Payment Solutions Real Time Payments Non-Bank Payments 59

The Fintech Times

DECEMBER 12, 2023

NexPay , a global education payments, has unveiled new board roles including David Jonhstone as non-executive chair, Rajesh Yohannan, the current CEO of Axi Corp, as a non-executive board director, as well as Clive Wilson to the newly created role of chief risk and governance officer.

FinTech 59

FinTech Financial Crimes Non-Bank Point-of-Sale (POS) 59

Neopay

APRIL 25, 2024

UK Finance has teamed up with law firm Addleshaw Goddard to put together a set of model clauses that bank account providers and PSPs can use in variable recurring payments (VRPs). Financial regulators in the UK have agreed plans for a Phase 1 roll out of non-sweeping VRPs by the third quarter of 2024.

Finance 52

Finance Non-Bank Payments Agreements 52

Stax

MAY 7, 2024

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. to 2.9%) while the non-qualified is the highest.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

PYMNTS

OCTOBER 8, 2018

The International Chamber of Commerce ‘s (ICC’s) Banking Commission is collaborating with bank-owned database Global Credit Data (GCD) to broaden the scope of the ICC’s Trade Register, an announcement revealed Monday (Oct. The Trade Register provides banks with insight into risks in global trade and export finance.

Risk 59

Risk Non-Bank Database Credit Risk 59

The Fintech Times

JANUARY 9, 2024

The platform, which is backed by Lloyds Bank, targets cash flow shortages, a primary cause of delayed payments in the construction sector. He joins Optimum with more than 40 years’ experience within invoice finance and the financial services, including a long stint at Lloyds Banking Group.

FinTech 59

FinTech Non-Bank Cross-Border Payments Embedded Finance 59

Finovate

SEPTEMBER 17, 2024

Mobile banking platform MoneyLion will be adding personalized touches to its consumer-focused products and services thanks to a partnership with TransUnion. Under the agreement, MoneyLion will integrate TransUnion’s data and credit solutions into its hosted enterprise credit-decisioning platform and direct-to-consumer finance tools.

Embedded Finance 64

Embedded Finance Non-Bank Finance Risk 64

PYMNTS

AUGUST 28, 2019

According to PYMNTS’ Credit Union Innovation Index, 65 percent of credit union members said they chose a credit union (CU) as their primary because they trusted it, as opposed to 45 percent of non-CU members who said the same. Open Banking Benefits. Open banking is a solution that can solve security issues and instant payments.

Credit Union 73

Credit Union Instant Payments Non-Bank Near Real-Time 73

PYMNTS

FEBRUARY 9, 2020

International banking group Standard Chartered is partnering with business cloud software firm Infor to digitize the financial supply chain, the companies said in a press release on Thursday (Feb. The strategic agreement launches the Infor Nexus network to the bank’s clients.

Liquidity Management 56

Liquidity Management Agreements Non-Bank Payments 56