Sandbox

Consumer Rights Groups Hit Out at CFPB Sandbox Plans

Consumer rights groups in the US have slammed a proposal by the Consumer Financial Protection Bureau to create a regulatory sandbox that would enable fintech firms to bypass red tape.

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The FCA’s Fintech Sandbox Is Already Delivering Value

Since the UK’s Financial Conduct Authority (FCA) launched its regulatory sandbox in 2016, 89 companies have been accepted to test their products and services.

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Want to Join the FCA Sandbox? Better Hire a Legal and Compliance Team First

The Financial Conduct Authority’s innovation sandbox is supposed to make it easier for new entrants to the financial services industry to navigate through the regulatory maze. However, for many participants the process of getting onboard and then finding willing customers to test their ideas on has been far from straightforward.

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Here’s What the CFPB’s Sandbox Should Look Like

The Consumer Financial Protection Bureau is joining a slew of regulatory agencies across the globe to create a fintech regulatory sandbox, and so far the bureau has offered scant details about the effort.

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Why the Next Hot Fintech Might Be Found in a Sandbox

BOSTON – Fintech startups are getting a new launching pad thanks to fresh cooperation between regulators and businesses. Arizona became the first state to launch a so-called fintech sandbox, which gives firms access to a limited number of customers and a lower level of oversight.

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The Role of Regulatory Sandboxes in Fintech Innovation

According to KPMG’s latest The Pulse of Fintech report, 2018 is set to be another record-breaking year for Fintech investment. After only two quarters, it’s already reached 57.9 billion, less than 5 billion shy of 2015’s highs of 62.5 billion. Europe and Asia are particularly hot Fintech areas at the moment. With 26 billion and […]

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EU Guidelines on Fintech to Include ‘Sandbox’ Design Recommendations

The European Union’s banking watchdog said guidelines being drawn up for nurturing cross-border fintech companies will include recommendations for the core design of a sandbox and innovation hub.

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Don’t Be Too Quick to Give Up on Tech

A common response to emerging technology is for bankers to test it. Yet the problem with testing technology is that it is just a test, a false implementation. A test is not designed for reality and it can lead to false results. For example, I remember a U.K.

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Treasury’s Fintech Report to Encourage Sandboxes, Weigh in on Charters

The Treasury Department’s fourth and final report on economic markets will encourage regulators to offer sandboxes to financial technology firms and consider the benefits of fintech charters at the state and national level, a senior official said Thursday.

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Sandboxing Credit Card Innovation at the Point of Sale

Private label credit cards (PLCC) offer consumers an option to branded Mastercard and Visa plastics. You need to keep an eye on the interest rates and be prudent about not carrying the debt over from month to month but you will often find excellent reward opportunities. Mercator recently covered the PLCC industry in this document.

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NEW DATA: Why Top FI Innovators Play in the Sand(box)

Who are the top-performing financial institutions (FIs)? According to recent research from PYMNTS, the industry’s innovation pacesetters are those who devote the most time to developing new features, products and services. They are also the FIs that allocate the majority of their budget and other resources to testing those innovations.

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CFPB Looking to Hop on Fintech Sandbox Bandwagon

The Consumer Financial Protection Bureau is developing a regulatory sandbox for fintech firms, with help from the Commodity Futures Trading Commission, acting CFPB Director Mick Mulvaney said Tuesday.

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