Fintech Finance

JULY 3, 2024

Paymentology , the leading global issuer-processor, today announces the appointment of Stephen Bowe as Chief Product Officer. With over 15 years of experience in banking and payments Stephen joins Paymentology’s leadership team to build on the company’s success by driving further innovation in the company’s payment products.

Product 74

Product Payment APIs and Integration Cross-Border Payments Cross-Border 74

Fintech News

SEPTEMBER 8, 2024

DBS has announced that Calvin Ong will take over as Head of Consumer Banking Singapore starting from 1 January 2025. Calvin Ong Ong, currently the Head of Investment Products & Advisory at DBS , has been with the bank since 2007, holding various roles in Corporate Treasury and Wealth Management.

Consumer 81

Consumer Advisors Treasury Innovation 81

Fintech Finance

JULY 10, 2024

In a letter sent to customers, Metro Bank have announced they are to remove personal credit cards from their product range. Transactions can be made by all account holders up to 10 September 2024 and authorised transactions between £100 and £30,000 will be covered by Section 75 of the Consumer Credit Act.

Credit Cards 72

Credit Cards Product Disputes Accounts 72

Fintech Finance

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. Typically offered online, these products provide paycheck advances before payday.

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CFPB Rules Product Consumer Financial Protection Bureau (CFPB) 82

The Fintech Times

JULY 13, 2024

With Consumer Duty’s next deadline looming, new research from engagement, data and customer journey platform Moneyhub reveals just how much work firms still have to do before they realise the business and consumer benefits of the Duty.

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Compliance Consumer Regulations Non-Bank 105

Fintech News

JUNE 5, 2024

Currently, most BNPL products are not covered by the National Consumer Credit Act, leaving consumers without the same protections such as affordability checks that apply to credit cards and loans. BNPL providers will need to assess whether their products are suitable and affordable for consumers.

Regulations 86

Regulations BNPL Product Consumer Protection 86

Fintech Finance

SEPTEMBER 12, 2024

Network’s partnership with Lupiya, our newest fintech customer in Zambia, underscores our ability to enable digital financial service providers in all consumer segments and verticals. There’s also a prevailing gender finance gap, with women struggling to access financial products and services from regulated providers.

Product 74

Product Financial Inclusion Debit Card Digital Payments 74

NFCW

JULY 3, 2024

The apparel industry alone will be responsible for issuing more than 62.5bn Digital Product Passports a year by 2030, ABI Research predicts, generating annual revenues of US$1.59bn for suppliers of supporting IT and software.

Product 92

Product Regulatory Compliance Compliance Authentication 92

The Fintech Times

JULY 5, 2024

As the number of people paying for and benefiting from financial advice lessens over time, the lang cat has questioned the success of the FCA’s Consumer Duty regulation, which was introduced to provide better outcomes for consumers. “This is not a criticism of the profession – in fact, it makes complete sense. .

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Consumer Consulting Regulations Research 69

Fintech Finance

SEPTEMBER 4, 2024

Visa today announced that it is applying the company’s infrastructure, technology and capabilities to account-to-account (A2A) payments, giving consumers more control and protection on how they pay via bank transfers. This affects consumers, businesses and the wider UK economy.

Consumer Protection 68

Consumer Protection Consumer Payments Disputes 68

Fintech News

DECEMBER 12, 2023

SingSaver, a personal finance comparison platform in Singapore that is a part of the MoneyHero Group, has recently enhanced its service offerings to include a comprehensive comparison of 43 travel insurance products. The products available for comparison and purchase include those from HL Assurance, MSIG, and Seedly, among others.

Product 85

Product Consumer Finance FinTech 85

The Paypers

MAY 10, 2023

US-based Worldcoin has launched its first consumer product in the form of a wallet app that allows users to transfer crypto tokens via Polygon.

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Product Consumer 36

Finextra

SEPTEMBER 10, 2024

Moneyhub, the market-leading fintech and Open Finance firm, has integrated with Idomoo’s Next Generation Video Platform to further drive consumer engagement with their personal finances for its enterprise clients.

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Product Finance FinTech Consumer 52

The Fintech Times

SEPTEMBER 10, 2024

Consumer and business credit information provider, CRIF has published new findings revealing how users feel about managing their finances, and the role of financial providers across the US and Europe. Beyond fraud , young UK consumers are also more open to sharing their financial data if it means they can access better products and services.

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Service Provider Consumer Crime Product 59

The Fintech Times

AUGUST 14, 2024

A new report from Visa has revealed why generative AI is booming in Singapore and how consumers are using the tech. In its Visa Consumer Payment Attitudes Study, Visa found that consumers are becoming increasingly aware of the potential of generative AI (gen AI). Combating fraud leveraging gen AI is also another great example.

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AI Consumer Fraud Detection Payments 75

Fintech Finance

MARCH 21, 2024

Pockit , the UK fintech providing vital financial services to people whose needs aren’t met by the traditional banking system, has announced the official launch of its Income Advance product, enabled by its partner SteadyPay. The post Pockit Launches Income Advance Product appeared first on Fintech Finance. As of October 2023, 4.2

Product 52

Product Underwriting On-Demand Underserved 52

Tearsheet

APRIL 5, 2024

Expectations for instant gratification permeate many aspects of consumer behavior. This extends beyond products or services to payments, where consumers expect swift, hassle-free processes that align with their fast-paced lifestyles and the convenience of modern technology.

Product 103

Product Payment APIs and Integration Payments Embedded Finance 103

Finextra

MARCH 26, 2024

the first nationally-chartered consumer techbank in the U.S., today announced the introduction of two new products designed to help Americans relieve growing financial pressure. Varo Bank, N.A.,

Product 52

Product Consumer 52

Finextra

FEBRUARY 22, 2024

UK buy now, pay later firm Zilch has expanded its consumer credit offering with the launch of a longer-duration zero-interest payment option designed for bigger ticket purchases abaove £75.

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BNPL Product Consumer Payments 120

The Fintech Times

SEPTEMBER 13, 2024

Consumers are increasingly embracing digital solutions to send remittances to help loved ones living abroad, according to MoneyGram International , the money transfer service provider, which has released the latest instalment of its annual remittance report.

Consumer 59

Consumer Cross-Border Stablecoins Cryptocurrency 59

The Fintech Times

AUGUST 20, 2024

Insurtech Igloo is joining forces with TrueMoney , a Thailand-based e-payment and financial service provider, to make essential insurance products available via the TrueMoney application, enhancing accessibility, affordability and convenience for users.

Underserved 59

Underserved Product Financial Inclusion FinTech 59

The Fintech Times

SEPTEMBER 6, 2024

Return on investment (ROI) is the number one determining factor for Americans when choosing a savings product, followed by interest rate, according to a new report from Plinqit , a platform providing automated savings, data-driven financial wellness content and virtual account management.

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Returns Accounts Consumer Advisors 64

Neopay

JULY 4, 2024

As the one-year mark of the Consumer Duty’s implementation approaches, firms are reminded that the first board reports on Consumer Duty implementation and outcomes are due by 31 July 2024. These reports are critical for assessing and evidencing how firms have provided good outcomes for consumers under the Duty.

Consumer 52

Consumer Risk Assessment Assessments Compliance 52

TechCrunch Fintech

APRIL 17, 2024

Business banking startup Mercury, founded in 2020, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, via its B2B practice. All rights reserved.

Consumer 101

Consumer FinTech B2B Product 101

The Fintech Times

JUNE 20, 2024

Zilch has secured £100million in debt financing from Deutsche Bank to expand its payment services and accelerate product development. The financing will enable the ad-subsidised payments network to grow its business and accelerate its ability to create and launch new products for a broader base of customers.

Product 59

Product Agreements Finance Payment Networks 59

The Fintech Times

JUNE 26, 2024

Changing consumer demands pose the biggest challenge to profitability for two-thirds of subscription businesses over the next decade, according to a new report by Minna Technologies. The post Minna Technologies Finds Subscription Services Lagging Behind Consumer Expectations appeared first on The Fintech Times.

Technology 64

Technology Consumer On-Demand Consulting 64

The Paypers

JULY 22, 2024

The Consumer Financial Protection Bureau (CFPB) has suggested an interpretive rule to ensure that lenders’ legal obligations to disclose the costs of paycheck advance products are met.

Consumer Financial Protection Bureau (CFPB) 41

Consumer Financial Protection Bureau (CFPB) CFPB Rules Product 41

Fintech Review

FEBRUARY 13, 2024

However, this rapid growth brings significant regulatory challenges, primarily in balancing the need for innovation with the imperative of consumer protection. Consumer protection is not just a regulatory requirement : it is a fundamental right that must be safeguarded amidst advancing technology.

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Consumer Protection Innovation Consumer FinTech 105

Fintech Finance

MARCH 14, 2024

“Pay-over-time solutions have been growing in popularity for many years now because consumers want a better way to cover large purchases,” said Bobby Tzekin, CEO at Wisetack. In addition to the new capital lending and pay-over-time solutions, the financial services product suite includes credit cards, payment processing and more.

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Embedded Finance Product Credit Card Payment Processing Finance 89

Fintech Finance

FEBRUARY 22, 2024

Zilch , the ad-subsidised payments network (ASPN), today announces the launch of a new credit payment product, allowing its customers to spread interest-free repayments for larger purchases over three months. The new ‘Pay over 3 months’ product will provide more flexibility to customers and drive up Zilch’s market-leading wallet share.

Regulations 52

Regulations Product CRM Caps 52

Finovate

JUNE 3, 2024

“For more than 25 years, PayPal has been at the forefront of digital commerce, revolutionizing commerce by providing a trusted experience between consumers and merchants around the world. Now, PayPal stablecoin users can send PYUSD on Ethereum or Solana when transferring out to external wallets.

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Stablecoins PayPal Consumer Blockchain 111

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Disputes 71

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 71

The Fintech Times

DECEMBER 9, 2023

Consumer Duty, a set of rules aimed at enhancing consumer protection in the financial services sector, came into force in July 2023. The Financial Conduct Authority’ s (FCA’s) new rules mean that firms selling financial products now have to meet much higher standards.

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Consumer Financial Literacy Regulations AI 111

The Fintech Times

MAY 22, 2024

The Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector, has ruled that buy now, pay later (BNPL) lenders must treat consumers as credit card providers do, ensuring they receive the same key protections. Will BNPL increase the consumer debt burden?

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BNPL Credit Cards Consumer Financial Protection Bureau (CFPB) CFPB 64

Fintech Finance

JULY 15, 2024

Regulatory clarity and consistent standards are critical for providers offering safe, transparent and responsible financial services and even more important for consumers who expect protections when utilizing financial services including Buy Now Pay Later,” said Phil Goldfeder, Chief Executive Officer of AFC.

Consumer Financial Protection Bureau (CFPB) 74

Consumer Financial Protection Bureau (CFPB) CFPB Rules BNPL 74

The Fintech Times

FEBRUARY 15, 2024

Fairer Finance , the consumer group, research agency and consultancy, has launched a ‘Fair Value Report’ tool, enabling financial service firms to assess the value offered by their products by benchmarking them against the wider market.

Product 64

Product Finance Assessments Credit Cards 64