842 Results from /inclusion
Retired Member
More and more consumers around the world are turning to prepaid for payments. The question you may be asking yourself is, “Why?” For starters, prepaid is convenient, secure, versatile, easy to use, and accepted almost anywhere. In many ways, prepaid cards work like typical debit or credit cards, except they offer the advantages of both without any...
18 December 2019 /payments /inclusion
Tim Duncan Founder/CEO at FinTechCommons.org
Summary: Last week the FDIC announced that it was issuing a new rule that will modify two definitions in the regulations regarding deposits that are facilitated by third parties to banks and other insured depository institutions (“IDIs”). Given that the new OCC “Fintech Bank Charter” is dead in the water, this may be the most important developm...
18 December 2019 /regulation /inclusion Inclusive FinTech
An appropriate time to talk about remittances and their effect on globalisation is right now. According to industry reports remittances have almost overtaken Foreign Direct Investment (FDI) as the largest source of foreign capital inflow in low and middle-income countries. As the number of people living outside their country of birth increased f...
09 December 2019 /inclusion Trends in Financial Services
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
The prohibition of “unfair or deceptive acts and practices” by federal banking regulators is not new. First introduced via the 1938 Wheeler–Lea Act, with a significant expansion in 2004, the concept has long been baked into American lending practices. But the Dodd-Frank Wall Street Reform Act of 2010 saw another significant expansion of the governi...
02 December 2019 /wholesale /inclusion Financial Risk Management
FinTech, shortened from Financial Technology, is a fast-rising industry that improves financial activities like asset and wealth management through technology, hence its name. It is a technologically driven innovation that seeks to challenge the normal methods used in carrying out activities in finance and the delivery of financial services. Some ...
23 November 2019 /inclusion Fintech
Konstantin Rabin Head of Marketing at Kontomatik
China has now publicly voiced its desire to be the leading country in financial technology development and adoption. The president of the republic openly called for the promotion of blockchain technology across the nation and proceeded to block all the negative opinions about blockchain throughout the Chinese cyberspace. But now the Chinese govern...
22 November 2019 /regulation /inclusion Fintech
The European Securities and Markets Authority has introduced a new system that will classify Third Country Central Counterparties according to tiers. The tiers will be assigned to the CCPs according to their roles with a member state. What this means is that if, for example, South Africa continues its crucial fruit trade with the Netherlands, it w...
15 November 2019 /regulation /inclusion MiFID
Marcus Martinez Industry Advisor, Worldwide FSI at Microsoft
The first wave of Open Banking was characterised by a steep learning curve for the nine largest UK banks. The new technology standard created challenges in all organisational aspects. Banks will have to operate differently, increase their focus on collaboration and up-skill their employees to navigate this change. Another key characteristic of thi...
14 November 2019 /inclusion Open Banking
Blockchain, the technology behind cryptocurrency is getting more and more attention from states and companies trying to use the system to serve a larger variety of causes. Blockchains offer the service of moving value from one place to another faster and more transparently by removing the middleman. Blockchain has an enormous potential for simplif...
08 November 2019 /inclusion Blockchain Observations
Very few people had any kind of hope left for Bitcoin to re-emerge from its slumber that we all called the Crypto Winter in 2018. However, 2019 seems to be just as amazing of an investment year as 2017 was when the first peak occurred. Traders who entered positions at the beginning of the year are now enjoying 200% ROI, but those who managed to sna...
07 November 2019 /inclusion Blockchain Observations
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