Search Results for: Financial Innovation Now

Big Tech Lobbying Firm, Financial Innovation Now, Releases Survey on Payment Apps, a “Vital Part of Everyday Life”

Financial Innovation Now (FIN) represents some of the biggest names in tech when it comes to Fintech. These firms include Apple, Amazon, Google, PayPal, Square, and Intuit. Each of these big tech firms have a strong foothold in providing financial services and many observers expect… Read More

Financial Innovation Now, the Group that Represents Amazon, Apple, Google & More, Welcomes OCCs Decision to Move Forward with Fintech Charter

Financial Innovation Now (FIN), the group that represents big techs interest in Fintech, has issued a comment on the decision by the Office of the Comptroller of the Currency (OCC) to move forward with a Fintech CharterĀ following the release of a report on Fintech by… Read More

Financial Innovation Now Lauds Payment Task Force Report, Asks Congress to Move Forward (Faster)

Today the Faster Payments Task Force, created by the Federal Reserve, releasedĀ its final report along with their recommendations on what needs to be accomplished to bring the US up to date in the payments space. Anybody engaged in the payments sector understands that the US… Read More

Financial Innovation Now Submits Recommendations to Senators Crapo & Brown as to How to Boost the Economy

Financial Innovation Now (FIN) has submitted their recommendations to Senators Crapo and Brown, the Chair and Ranking Member on the Senate Banking Committee,Ā as to how best to improve Economic Growth. The proposals follow a public request by the two Senators asking members of the public… Read More

Financial Innovation Now Tells CFPB to Examine, Not Regulate, Consumer Access to Digital Financial Records

The Consumer Financial Protection Bureau (CFPB), launched an inquiry into consumers seeking access to their financial records. Ā At the time of the announcement, CFPB Director Richard Cordray stated; ā€œConsumers should be able to use their financial records and account information and securely share access in… Read More

Financial Innovation Now: We Support the OCC Fintech Charter

Financial Innovation Now (FIN) has sent a letter to the Office of the Comptroller (OCC) of the Currency in support of the OCC’s initiative to support Fintech innovation. FIN is an alliance of big tech including; Apple, Amazon, PayPal, Intuit and Google (Alphabet). As big… Read More

Financial Innovation Now: Big Tech Educates Policy Makers on Benefits of Fintech

Apple, Google, Amazon, PayPal & Intuit Provide the Firepower Behind Fintech Advocacy Group Financial Innovation Now. Back in the fall of 2015, an announcement was made regarding the creation of a new public policy coalition representing some of the largest names in tech: Apple, Google,… Read More

Responsible Financial Innovation Act: Senator Lummis’ Draft Digital Assets Bill is Now Available

“To provide for responsible financial innovation and to bring digital assets fully within the regulatory perimeter.” The long-anticipated legislation crypto regulation proposal emanating from US Senator Cynthia Lummis has now been posted online. First revealed by the Block, the draft legislation aims at clarifying the… Read More

Chinese City of Chengdu, a Major Financial Hub, Now Added to Nation’s Fintech Innovation Pilot Programs

The People’s Bank of China (PBoC), the nationā€™s central bank thatā€™s also tasked with managing monetary policy and the regulation of financial institutions in mainland China, has reportedly added Chengdu, the capital of the Sichuan province, to its list of approved regions for conducting Fintech… Read More

TheĀ Global Financial Innovation Network Now Open for Applications

TheĀ Global Financial Innovation Network (GFIN) is now open for applications. GFIN is a group of 29 international organisations including the Financial Conduct Authority (FCA) as well as the US Consumer Financial Protection Bureau (CFPB), Monetary Authority of Singapore (MAS), Hong Kong Monetary Authority (HKMA) and… Read More

Center for Financial Services Innovation Acknowledges Financial Health Leaders including Fintechs

The Center for Financial Services Innovation (CFSI) has announced its list of 2018 Financial Health Leaders.Ā  CFSI states that these firms are “at the forefront of financial health measurement and show their commitment to consumer financial health.” The list (below) includes a good number of… Read More

GoCardless and Financial Cloud to Enhance Payments with Open Banking

Financial Cloud, a provider of enterprise software solutions, partnered with bank payment company GoCardless to improve payments for financial service providers in the United Kingdom. This collaboration will see GoCardlessā€™ Direct Debit payments and Instant Bank Pay (IBP), its open banking payment feature for “one-off… Read More

BNPL Adoption: FICO and Affirm Release Analysis of Buy Now Pay Later Loans

FICO (NYSE: FICO), global analytics software provider, released key guidance and takeaways from a study that has recently analyzed the impact of including ā€˜Buy Now, Pay Laterā€™ (BNPL) loans in a consumerā€™s FICO Score. FICO conducted the 12-month study in partnership with Affirm (NASDAQ: AFRM),… Read More

Instant Payments : Fintech FIS Introduces FedNow Send Capabilities

FIS (NYSE: FIS), a global financial technology firm, announced it is one of the first providers in the fintech industry “certified” to enable send capabilities for credit transfers in the Federal Reserveā€™s FedNow instant payment service. The addition of send capabilities and real-time alerts will… Read More

Japan’s Financial Market Data Provider JPXI Partners with AI Cloud Data Firm Snowflake

JPX Market Innovation & Research, (JPXI), a provider of Japanā€™s financial market data, and Snowflake, the AI Data Cloud company, announced a partnership in order to disseminate data over Snowflakeā€™s platform. Data provision via Snowflake will enable market participants to get access to JPXIā€™s data… Read More

Formance, an Open Source Financial Infrastructure Provider, Reports $21M Series A Round

Alexander Hamilton Money Dollars USD

Formance, an Open Source financial infrastructure provider, announced the close of a $21 million Series A funding round co-led by PayPal Ventures and Portage, with participation from Y Combinator, Hoxton Ventures, and AXC. This latest milestone reportedly comes on the heels of a “10x increase”… Read More

Arab Financial Services Announces Expansion into UAE

Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler across the MENA region, has announced its expansion into the United Arab Emirates. ThisĀ  follows the acquisition of a Retail Payment Services License ā€“ Category II from the Central Bank of… Read More

Bank of America CEO Acknowledges Potential for Crypto Payments, Calls for Regulatory Clarity

In recent comments, Bank of Americaā€™s (NYSE: BAC) CEO Brian Moynihan expressed the bank’s readiness to support cryptocurrency payments in the future, highlighting the need for clear and robust regulatory frameworks before they can fully embrace crypto transactions for clients. Moynihan said at the World… Read More

Clutch Announces $65M Series B to Assist CUs with Leveraging Financial Technology

ClutchĀ says it is turning credit unions into Fintechs, and with the successful completion of a Series B funding round, is equipped with $65 million toĀ  transform the way credit unions deliver products and services to the members and communities they serve. The Series B investment… Read More

House Financial Services Committee Chairman, Fintech Subcommittee Chair Issue Statement on President Trump’s Executive Orders Relating to Digital Assets, AI

Representative French Hill, Chairman of the House Financial Services Committee, and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil have posted a comment following President Trump signing Executive Orders relating to digital assets and AI. Yesterday, Trump reaffirmed his commitment to supporting… Read More

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