Posts Tagged ‘Fintech’
Paytm Launches PayPay; Stripe Enhances Security: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Read MoreOCC Charter Moves Forward, Questions Remain
Last week, the Office of the Comptroller of the Currency (OCC) announced it would begin accepting applications from fintech companies for a special purpose national bank charter.
Read MorePaytm Digitizes Small Towns, Encouraging Innovation in the U.K.: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Read MoreIndia and Singapore Collaborating to Expand FinTech in Region
The government of India – known for its support of digital payments – is expanding the country’s electronic payment platforms beyond its borders.
Read MoreUber Sells Assets to Rival Grab, Applies for Dutch Payments License
After weeks of media speculation, Grab announced this week that it has acquired Uber’s Southeast Asia (SEA) operations.
Read MoreApp Data to Drive Risk Assessment for New Grab Fintech Platform
Grab – the Singapore-based company that started out as a ride-hailing app and became a payments platform – is expanding further into financial services.
Read MoreGoogle Launches Google Pay; NMI Acquires Creditcall: News Roundup
Google has launched its new Google Pay app, and NMI is expanding its omnichannel capabilities for ISVs and others with its acquisition of Creditcall. And in other news, Indian ecommerce leader Flipkart challenges Amazon with talks of a Walmart investment while the U.K.’s FCA reveals plans for a global regulatory sandbox.
Read MoreNew York’s OCC Fintech Charter Lawsuit is Dismissed
As previously reported, last December saw the first public announcement from the Office of the Comptroller of the Currency (OCC) regarding the intent to begin accepting special purpose bank charter applications from fintech organizations. And since then, the response has been a mixed one. Most recently, a New York Department of Financial Services (DFS) lawsuit has been dismissed based largely on a “perceived lack of threat to the DFS’ own regulatory powers.”
Read MoreNews Roundup: Wirecard to Acquire Citi APAC Merchant Portfolio
In a roundup of news from this week, Wirecard acquires Citi’s merchant portfolio, Square sees a significant increase in chip cards, and PerformLine launches merchant monitoring.
Read MoreFirst Look at the OCC Special Purpose Charter: Good or Bad for Fintech Companies?
On Friday, the OCC announced it will begin accepting applications for special purpose national bank charters from financial technology firms. Reception of this news has been generally positive, with industry organizations such as the Electronic Transactions Association and American Bankers Association issuing statements in support of such a charter.
But the early take on the news from industry insiders indicates that it is a mixed bag for individual companies. Applying for the charter may be either a smart move or a bad idea, depending on who you are and why you want it.
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