China’s central bank said they will open up the electronic payments market to foreign companies for the first time; international firms will be required to set up local units, establish infrastructure within China, and store client information within the country; China is one of the biggest and most competitive payments markets in the world; there are currently more than 260 companies with payments licenses and they processed more than $26tn in volume in 2017. Source.
According to a new study by Accenture 40 percent of consumers in the UK trusted banks, up from 29 percent...
The CEO and Chairman of Elevate talks about the challenges of the short term loan space and what makes his company different. Source
Core systems provider Nymbus has created their SmartLaunch product for banks to launch a digital version in as little as...
Mariajosé Gallo, CEO da Imaginamos SAS, incubadora colombiana, falou à EXAME sobre apoio a startups da América Latina e oportunidades em meio a cenário de crise entre empresas maduras...
The card network is working with new partners such as FIS and Moneris to connect banks, fintechs and merchants on its Visa Installments Solution platform. Its goal is to provide access to a broader spectrum of consumers than these companies can reach in one-off deals, CEO Al Kelly said.
FT Partners have announced the release of their Q1 2022 Fintech insights report, finding a record year in the making. ...
The Office of the Comptroller of the Currency (OCC) has shifted back to a softer stance since the Trump administration took office; according to the New York Times the agency is using directives from the interim head to ease back regulations enacted during the Obama administration; the move is part of a wider push to set back financial regulations that some say have hurt banks in recent years. Source.
There is a growing competition brewing in the payments space and Affirm is look to stay near the top as they recently announced the move into financing small ticket purchases; the move comes after Visa and MasterCard made similar announcements; the payments space has become a highly competitive market where customers look for the simplest, most transparent way to make a purchase of any size. Source.
With new data, financial institutions — both digital and traditional — can see which neobanks can claim to be on top in 66 countries.