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Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA). However, the current rules do not address changes in the industry like the advent of mobile banking. In addition, the Federal Reserve did not join the FDIC and OCC on the proposal.

AML 52
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FIS, Fiserv, Infosys In The Running For Robinhood’s Bank Business

PYMNTS

FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobile bank if it receives approval from the Office of the Comptroller of the Currency. It proposes to leverage those same and other innovative technologies to offer banking services in a safe and sound manner to U.S.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% ToneTag is a contactless payments hardware and software provider that can be integrated at both merchant (mobile, point of sale, card readers) and customer (mobile wallet, mobile banking apps) interaction points.