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Payments Trends to Watch in 2019

In less than 20 years, high speed internet access has become available across the globe, banking transactions can be conducted entirely online and mobile devices have reached ubiquity.

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FDIC to Launch Innovation Office to Help Banks Compete With Fintechs

The FDIC is pivoting to focus on innovation and simplicity in supervision, FDIC Chairman Jelena McWilliams told attendees at the American Bankers Association’s Annual Convention in New York today.

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Moving Toward a Faster Payments Future

The global march toward faster payments is already well under way. Today, 25 countries have faster payments systems in production and an additional 19 are progressing quickly toward them. When the Federal Reserve’s Faster Payments Task Force issued its recommendations in 2017, it outlined a vision for a U.S.

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Payments at the Speed of Now

Those responsible for implementing faster payments on the industry side seem to have taken the faster part literally. In little over one year, from late 2016 to late 2017, three new faster payments solutions went live: NACHA’s same-day ACH functionality, the Zelle P2P network and the Clearing House’s Real-Time Payments service, which was the first new U.S. payments architecture launched […]

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CFPB Joins Foreign Regulators in Global Financial Innovation Network

The Consumer Financial Protection Bureau today announced a new partnership with 11 financial regulators and related organizations around the globe aimed at creating a Global Financial Innovation Network. The network is intended to facilitate interactions between regulators and innovators as they seek scale and ubiquity for new technologies.

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Podcast: U.S. Bank’s ‘Test and Learn’ Approach to Fintech Innovation

As the leader of a 32-person RD team helping U.S. Bank’s business lines implement new technology and scout out the most promising financial innovations, Dominic Venturo is on the front lines of fintech innovation in the banking world.

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