NMI unveils revolutionary embedded payments platform
NMI launches an innovative embedded payments solution, known as NMI Payments, designed to seamlessly integrate within existing applications and payment solutions, providing a modular and flexible approach to payments.
RegTech giant Bugcrowd, led the way in this week's FinTech funding round by securing an impressive nine-figure deal.
RegTech giant Bugcrowd, led the way in this week's FinTech funding round by securing an impressive nine-figure deal.
Episode Six joins forces with Mastercard to revolutionise BNPL offerings in Europe
Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, has been selected to join the Mastercard Engage Programme for its instalments solution in Europe.
Accertify to provide advanced fraud protection for ASDA’s e-commerce platform
ASDA, a leading retail giant in the UK, has teamed up with Accertify, a subsidiary of American Express, known for its comprehensive fraud prevention solutions.
Innovative cybersecurity firm Dapple Security raises $2.3m to pioneer passwordless solutions
Dapple Security, a pioneering cybersecurity startup, has raised $2.3m in a pre-seed funding round, marking a crucial step in its mission to introduce a novel passwordless solution utilising biometrics to combat cyber threats.
KYND, a prominent provider of cyber risk management solutions, has announced a substantial investment to fuel its expansion and further development.
KYND, a prominent provider of cyber risk management solutions, has announced the completion of a substantial investment to fuel its expansion and further development.
Napier
Napier has expanded its offerings with two innovative solutions: Napier Continuum Live and Napier Continuum Flow.
Navigating the complexities of the Consumer Financial Protection Bureau's (CFPB) Section 1071 rule is crucial for financial institutions across the United States. In an enlightening eBook, Fenergo's director of thought leadership, Tracy Moore, demystifies the essentials that businesses must grasp concerning this significant regulatory development. As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1071 has stirred substantial debate and legal scrutiny. Despite ongoing litigation, it's pivotal for financial entities to gear up for the forthcoming adjustments in compliance, staffing, and the financial outlay tied to this mandate. What exactly is Section 1071? Introduced by the CFPB, 12 C.F.R. Part 1002 enacts Section 1071 of the Dodd-Frank Act, marking a stride towards augmented regulatory oversight in the realm of commercial lending, particularly within the small business segment. Effective from March 30, 2023, this rule is tailored to enhance data collection and reporting processes for lenders engaged in small business financing. A vast spectrum of financial establishments, including traditional banks, credit unions, online lenders, and others active in small business lending, falls under its purview. The specificities of the compliance requirements and reporting duties hinge on the scale and scope of an institution's small business lending activities. The enactment of this rule, encapsulated in an extensive 888-page document, necessitates a thorough understanding by financial institutions to align with its stipulations. Fenergo's resource offers a comprehensive exploration of the rule's principal elements, compliance strategies, and the broader context enveloping its introduction, spotlighting the controversies it has incited. As the financial sector stands on the cusp of these regulatory shifts, grasping the nuances of Section 1071 becomes imperative for navigating the future landscape of small business lending. Read the story here.  Keep up with all the latest FinTech news here Copyright © 2024 FinTech Global
Navigating the complexities of the Consumer Financial Protection Bureau's (CFPB) Section 1071 rule is crucial for financial institutions across the United States.
Artie, a pioneering tech firm specialising in real-time database replication, has successfully closed a Seed funding round, securing $3.3m in investment.
Artie, a pioneering tech firm specialising in real-time database replication, has successfully closed a Seed funding round, securing $3.3m in investment.
In recent months open banking has gained serious traction and customers are no longer hesitant to embrace it. With the long-term debate surrounding open banking seemingly settled, a handful of RegTech industry experts gave their views on the growth of the offering.
In recent months open banking has gained serious traction and customers are no longer hesitant to embrace it. With the long-term debate surrounding open banking seemingly settled, a handful of RegTech industry experts gave their views on the growth of the offering.

News Stories

Snowflake

Snowflake integration opens AI risk tools to smaller banks

Valid Systems has launched a data integration on the Snowflake AI Data Cloud, enabling financial institutions to run AI and machine learning models natively...
Experian

Experian adds Akamai to AI agent trust ecosystem

Experian has announced that cybersecurity and edge computing firm Akamai Technologies has joined its Agent Trust partner ecosystem. The partnership centres on Experian's Agent Trust...
iDenfy

iDenfy partnership helps RATO Bank meet KYC demands

RATO Bank has selected RegTech firm iDenfy to power identity verification and anti-money laundering screening within its newly launched mobile banking application. The partnership sees...
HDI Global has partnered with AI-native InsurTech firm mea Platform to deploy AI across its global underwriting and claims operations, as the insurer looks to improve data processing and operational efficiency at scale.

HDI Global partners with mea on insurance AI rollout

HDI Global has partnered with AI-native InsurTech firm mea Platform to deploy AI across its global underwriting and claims operations, as the insurer looks...
Modest week in FinTech with $677m raised in 14 deals

Modest week in FinTech with $677m raised in 14 deals

It was a modest week for FinTech deals and funding, with a total of $677m raised across 14 deals.  It represented a slight downturn on...

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