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financial services
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451CFPBStates Step Up Where CFPB Steps Back
Aiming to fill the void resulting from the Consumer Financial Protection Bureau’s retreat from regulation, states are stepping up and going after...
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1.2KPersonnelFiserv Taps Worldpay US CEO To Lead Card Services
Fiserv, a global provider of financial services technology solutions, announced Wednesday (April 11) it has named Kim Crawford Goodman president of card services....
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3.3KInternationalMinister Of State On Ireland’s Post-Brexit Financial Services Landscape
Brexit looms large for Ireland amid trade and border concerns. But opportunity abounds, says minister of state Michael d'arcy, as financial services...
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2.6KB2B PaymentsTide Founder Departs One Year After Launching SMB Services
About a year after U.K. FinTech Tide officially launched, its CEO and founder is stepping down. Reports in TechCrunch on Thursday (March...
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2.9KBlockchainJPMorgan To Spin Off Quorum, Its Blockchain Project
JPMorgan Chase could spin off its main blockchain project, Quorum, after deciding the efforts would be better off in the home of...
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1.7KB2B PaymentsTo Improve Treasury Tech, Target The Developers
The financial services industry’s sudden support for application programming interfaces (APIs) has people talking about the power of data sharing. Certainly regulations...
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2.2KB2B PaymentsBrexit Trade Deal Flop Could Mean $80 Billion Price Tag For Businesses
New analyst estimates say the cost of Brexit without a negotiated trade deal will cost businesses on both sides of negotiations billions...
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1.7KB2B PaymentsBritain, EU Spar Over Rejected FinServ Trade Offer
Britain and the European Union continue to remain deadlocked in their efforts to negotiate a trade deal with financial services agreements included,...
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2.3KB2B PaymentsLack Of Customer Trust May Thwart Open Banking’s $1.4B GDP Bump
The U.K.’s gross domestic product (GDP) is headed for a significant boost thanks to recent Open Banking legislation, according to analysis from...
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2.2KBankingRegulators In No Rush To Change Rules For FinTechs
It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. According to Reuters, traditional...
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2.0KB2B PaymentsAmid Job Gains, Canada’s FinServ Sector Sees Drop In Headcount
Canadian companies added 10,700 new jobs in January, according to new data from ADP, but not every industry benefited from the boost....
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4.0KNewsCryptos And Sandboxes And Streamlined Money Licensing (Oh My!)
Streamlined money transfer applications dominated regulatory news this past week as seven states took the initiative to make it easier for traditional...
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2.1KFraud AttackCybercrimes Cost Financial Service Firms $18M, On Average
Financial services firms, above any other industry, rack up the most in damages following a cyberattack, a new report from Accenture and...
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1.5KB2B PaymentsUK Banks’ Brexit Game Plan: Denied, With No Plan B
The financial services community is one of the most anxious when it comes to navigating the uncertainties of Brexit. U.K. financial institutions...
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5.0KAlternative FinancesThe Wild Ride In Alternative Financing In 2017
A decade ago, the world of financial services saw what was perhaps its greatest sea change in a generation — in 2007,...
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3.1KInvestmentsKasisto Lands $17M, Plans Expansion
Kasisto, the creator of KAI, the conversational artificial intelligence (AI) platform for finance, announced news on Wednesday (Dec. 13) that it raised...
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2.6KMerchant InnovationAffirm Confirms $200M Investment Round
Financial services company Affirm announced Monday it has raised $200 million in Series E funding from a consortium of investors led by...
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4.8KB2B PaymentsAccountants Begin To Heed Advice For Added Advisory Services
Accounting software that boosts automation isn’t taking jobs away from human accountants. But it is altering the profession, with more small businesses...
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3.0KToday In DataToday In Data: Financial Services, Data Management Concerns And Moving Zettabytes
Today in PYMNTS’ data, financial services firms are moving electronic money and data, banks have major concerns about data management, multiple zettabytes...
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3.3KB2B PaymentsAs UK Readies For Open Banking, FinTechs Struggle With SMB Awareness
U.K. financial institutions (FIs) have been advised to comply with the EU’s Revised Payment Service Directive (PSD2) regulations despite Brexit, but the...
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2.6KNewsFiserv Q3 Posts Low Single Digit Payments Growth
Financial services technology firm Fiserv reported results for the third quarter that showed top line growth even as some revenue streams were...
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4.3KB2B PaymentsWhy The Enterprise Struggles With Safeguarding Cloud Apps
After years of doubt, financial professionals are trusting the cloud. Research released last month by Adaptive Insights found 73 percent of surveyed...
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Merchant Innovation
NovoPayment Launches API Platform In Latin America
Earlier this month, NovoPayment, a digital finance and transactions firm, announced news of the launch of its Developer Hub, one of the...
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3.5KB2B PaymentsFinServ Frustration Pushing Entrepreneurs To Try Something New
By now, there’s no denying it: Small businesses (SMBs) aren’t happy with the service they’re getting from large financial institutions (FIs). Only...
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5.5KB2B PaymentsFinServ IT Professionals Grow Worried As Bank Breaches Climb
Of all the sensitive personal data consumers and businesses would rather not see compromised, financial data is surely toward the top of...
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3.0KB2B PaymentsBank Switching, Shifting Strategies Fuel Corporate FinServ Shakeup
Corporate banking is a fluctuating market, and new research from not one, but two reports suggests that businesses are now increasingly shopping...
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2.6KInvestmentsBankBazaar Snags $30 Million Experian Investment
BankBazaar, an Indian company and digital credit marketplace, received $30 million in funding yesterday, according to a news report from TechCrunch. The...
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5.5KPayment MethodsIn Financial Services Innovation, Disruption Isn’t Everything
In payments, innovation doesn’t always have to materialize in disruptive waves, but can come, rather, through incremental evolution. In an interview with...
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6.0KB2B PaymentsRoyal Bank of Canada, Wave Merge SMB Banking And Accounting Tools
Traditional banks and FinTechs are increasingly partnering on an array of financial services, including those for small business lending. The Royal Bank...
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3.4KB2B PaymentsDespite Cybersecurity Standards, FIs Exposed To Third-Party Risks
Bank customers and regulators would likely agree: There’s no excuse for a financial institution to accept lackluster cybersecurity measures. But according to...
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7.0KAPIFI.SPAN: APIs That Pack A B2B Punch
It’s not fair, said FI.SPAN CEO and Co-Founder Lisa Shields, that Bill.com and AvidXchange get to have all the business payments fun...
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2.6KBankingPlaid Launches New Tool For Enterprise Developers
Plaid, the FinTech that assists financial services companies with app development to connect with users’ bank accounts, rolled out a new tool...
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7.3KPayment MethodsCommanders In Chief: For Payments Innovation, Look Beyond The Pipes
It’s been said that change is the only constant in, well, you name it. The aphorism holds especially true for payments, an industry...
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4.1KB2B PaymentsBanks Still Forcing SMBs To Go To Physical Branches, Says Avoka
Banks appear to be finally waking up to the need to innovate. Between the growing number of blockchain consortia, in which banks...
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4.7KInnovationHow To Live Forever In The Financial Services Space
Slow and steady doesn’t win the financial services race. If you’re not ahead, you’re behind, especially if you’re playing on the global...
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2.9KInvestmentsKabbage Receives $250M Strategic Growth Investment From SoftBank
Kabbage Inc., a financial services, technology and data platform serving small businesses globally, has announced the agreement on a $250-million equity investment...
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4.0KB2B PaymentsResearchers Urge Corporates To Let FinServ Bear The Blockchain Disruption
The growing number of banks and FinTechs taking to blockchain technology has caught the attention of the financial services world, with the...
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5.1KStartupsJuvo Raises $40 Million To Expand Into New Markets
Juvo, the San Francisco tech startup that focuses on financial inclusion and helps unbanked consumers in emerging markets improve their standing from...
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1.5KSecurity & FraudCFPB Rails Against Costly Pay-By-Phone Fees
The Consumer Financial Protection Bureau warned companies Monday (July 31) about tricking consumers into expensive pay-by-phone fees. In a press release the...
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4.7KRegulation RoundupTrump’s Fed Nominee Points To Regulatory Revamp
Not all financial services regulation is occurring across the pond, though Brexit and other countries grabbed their share of headlines this past...
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3.6KB2B PaymentsTop Banks Looking To Washington For Growth, Clarity
According to recent reports in the Wall Street Journal, some of the U.S.’s largest banks are looking to Washington, D.C., to push forward regulations that will...
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3.2KToday In DataToday in Data: Investment News Update
Money makes the world go around, and there’s certainly no disputing that issue. Without regular rounds of fundraising, it would probably be...
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2.6KInternationalSub-Saharan Africa Driving Mobile Money Market
More than half the world’s mobile money deployments are coming from a perhaps unexpected source: Sub-Saharan Africa. Yet in a way, that...
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4.0KB2B PaymentsHow Faster Payments Collaboration Breeds Financial Services Competition
Accelerated payments initiatives like the U.K.’s Faster Payments Scheme (FPS) are only valuable when financial institutions and other players can actually access...
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8.5KBlockchainChain CEO On Why B2B Payments Needs Blockchain
The blockchain has a bit of an identity crisis. Everyone who is anyone in financial services knows what it is, and there...
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3.6KB2B PaymentsRegTech And AI Tackle The Maddening Hurdle Of Conflicting Financial Policies
Regulation has historically been a challenge for the financial services space, but considering today’s fast pace of change in both financial services...
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4.2KSafety and SecurityNTechLab’s FindFace Facial Recognition Technology Has Applications In Retail, Public Safety
FindFace started as a futuristic social technology for identifying strangers by scanning their faces with a smartphone camera. Two years later, the facial...
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4.2KB2B PaymentsMeet Finastra, Financial Services FinTech Giant Formed By Misys, D+H Merger
Months after financial services software company Misys canceled its IPO and after Vista Equity Partners, which already owns Misys, agreed to acquire D+H,...
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7.4KBlockchainBlockchain Tracker: Is Retail Ready For Implementation Yet?
Blockchain technology may be used widely in the financial services industry, but that doesn’t necessarily mean it will see a smooth transition...
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6.9KFintech InvestmentsFinancial Services Innovation/Inertia Tug of War
As traditional financial services firms find themselves challenged by FinTech and other upstarts, the choice, when it comes to products, services and...
