Fintech Thoughts

An Open Letter to Innovators: Apple’s NFC Decision and the Power of Persistence
FinTech, Touchless Payments, Mobile Payments, NFC, Apple, Google, Consumer Protection, Digital Innovation, Regulatory Challenges, Market Competition, Global Payments, Privacy and Security, Banking and Finance, Technology Law and Policy, CFPB, P2P Payments, Open Banking, Payments, Banking as a Service, BaaS, Card Issuing, Credit Cards, Prepaid Cards PayTech Labs FinTech, Touchless Payments, Mobile Payments, NFC, Apple, Google, Consumer Protection, Digital Innovation, Regulatory Challenges, Market Competition, Global Payments, Privacy and Security, Banking and Finance, Technology Law and Policy, CFPB, P2P Payments, Open Banking, Payments, Banking as a Service, BaaS, Card Issuing, Credit Cards, Prepaid Cards PayTech Labs

An Open Letter to Innovators: Apple’s NFC Decision and the Power of Persistence

In a world driven by ideas and innovation, moments like these are what we live for. After over a decade of advocacy and perseverance, Apple has finally opened up its iPhone’s NFC chip to developers—a decision that could reshape the future of mobile payments. As someone who’s been pushing for this change for years, often labeled as "crazy" or out of touch, this is a powerful reminder that our ideas matter. It’s a victory for innovation, competition, and consumer choice.

To all the builders and dreamers out there: this is your moment. The doors to a new era of innovation have opened—now it’s time to walk through them.

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AML Enforcement Actions and the Importance of Holistic KYC Programs in the Fintech Sector
PayTech Labs, Product-Led Growth Model, Product Development, Product Innovation, Technology Trends, Financial Services, SaaS, FinTech, SaaS Platform, Banking and Finance, Compliance, Compliance/Regulatory, BaaS, Banking PayTech Labs PayTech Labs, Product-Led Growth Model, Product Development, Product Innovation, Technology Trends, Financial Services, SaaS, FinTech, SaaS Platform, Banking and Finance, Compliance, Compliance/Regulatory, BaaS, Banking PayTech Labs

AML Enforcement Actions and the Importance of Holistic KYC Programs in the Fintech Sector

Explore the critical role of holistic KYC programs in modern finance. This article delves into the challenges and regulatory pressures banks face, especially in the era of Operation Choke Point 2.0. Understand how fragmented compliance processes can lead to significant enforcement actions and why integrated AML measures are essential for financial institutions. Perfect for compliance professionals and financial executives, this piece offers insights into protecting your institution in a rapidly changing regulatory environment. Don’t miss this essential guide to navigating the complexities of KYC and AML compliance in today’s financial world.

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Embracing Innovation in Compliance: A Manifesto for the Future of Fintech
Digital Payment Systems, Adoption and Regulation, AI, AML/BSA, Artificial Intelligence, BaaS, Banking and Finance, Banking as a Service, Bitcoin, Algorithm and Data Analysis, Credit Cards, Card Issuing, Global Payments, Compliance, Compliance/Regulatory, Business Security Solutions, PayTech Labs Corey Glaze Digital Payment Systems, Adoption and Regulation, AI, AML/BSA, Artificial Intelligence, BaaS, Banking and Finance, Banking as a Service, Bitcoin, Algorithm and Data Analysis, Credit Cards, Card Issuing, Global Payments, Compliance, Compliance/Regulatory, Business Security Solutions, PayTech Labs Corey Glaze

Embracing Innovation in Compliance: A Manifesto for the Future of Fintech

Dive into the pivotal role of compliance in shaping the future of the fintech industry with our latest manifesto. This piece challenges traditional perceptions of compliance as a barrier and reimagines it as a dynamic partner in innovation. Discover how aligning compliance strategies with business goals can unlock new opportunities and drive significant growth. We explore practical insights for transforming compliance from a regulatory necessity to a cornerstone of creative problem-solving and strategic advantage. Read on to see how compliance professionals can adapt, innovate, and thrive in an era where technology and regulation intersect more profoundly than ever.

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Understanding PAN Enumeration Attacks: A Step-by-Step Breakdown
FinTech, Banking and Finance, Compliance, Consumer Protection, Payment Card Security, Digital Payment Systems, Fraud Detection and Prevention, Consumer Protection Tips, Business Security Solutions, Algorithm and Data Analysis, E-commerce Security, Payments, Banking as a Service, BaaS, Card Issuing, Prepaid Cards, Credit Cards Corey Glaze FinTech, Banking and Finance, Compliance, Consumer Protection, Payment Card Security, Digital Payment Systems, Fraud Detection and Prevention, Consumer Protection Tips, Business Security Solutions, Algorithm and Data Analysis, E-commerce Security, Payments, Banking as a Service, BaaS, Card Issuing, Prepaid Cards, Credit Cards Corey Glaze

Understanding PAN Enumeration Attacks: A Step-by-Step Breakdown

PAN Enumeration attacks are a complex threat in the digital transaction space. Understanding their methodology is key to developing effective countermeasures, requiring vigilance from both consumers and businesses. As technology evolves, so too must our strategies to combat these sophisticated forms of fraud.

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CFPB Challenges Apple’s NFC Monopoly: A Push for Competition and Consumer Choice (UPDATED 8.15.24)
FinTech, Touchless Payments, Mobile Payments, NFC, Apple, Google, Consumer Protection, Digital Innovation, Regulatory Challenges, Market Competition, Global Payments, Privacy and Security, Banking and Finance, Technology Law and Policy, CFPB, P2P Payments, Open Banking, Payments, Banking as a Service, BaaS, Card Issuing, Credit Cards, Prepaid Cards, Fraud Detection and Prevention Corey Glaze FinTech, Touchless Payments, Mobile Payments, NFC, Apple, Google, Consumer Protection, Digital Innovation, Regulatory Challenges, Market Competition, Global Payments, Privacy and Security, Banking and Finance, Technology Law and Policy, CFPB, P2P Payments, Open Banking, Payments, Banking as a Service, BaaS, Card Issuing, Credit Cards, Prepaid Cards, Fraud Detection and Prevention Corey Glaze

CFPB Challenges Apple’s NFC Monopoly: A Push for Competition and Consumer Choice (UPDATED 8.15.24)

The Consumer Financial Protection Bureau (CFPB) has raised concerns about Apple's exclusive control over NFC technology in iOS devices, questioning its impact on competition and innovation in the mobile payment industry. Critics argue that Apple's monopoly limits consumer choices and hinders the growth of open banking. The issue has gained global attention, with entities like the European Commission also challenging Apple's restrictive NFC policies.

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