Trending Updates
Most Upvotes
Most Comments
Most Shared Post
Copy link to post
The UK government has announced plans to strengthen regulation around interest-free buy now, pay later (BNPL) credit agreements to protect “millions of people”.
Under the plans, lenders will be required to carry out affordability checks to ensure loans are affordable to customers and rules will be amended to make sure advertisements are “fair, clear and not misleading”.
Lenders offering Buy Now Pay Later services will need to be approved by the Financial Conduct Authority (FCA), borrowers will be able to lodge complaints with the Financial Ombudsman Service (FOS).
“Buy Now Pay Later credit agreements can be a helpful way to manage your finances, allowing people to spread the full cost of a purchase over time,” the government says.
“However, people do not currently have the usual full range of borrower protections when taking out this type of loan and they are rapidly increasing in popularity, resulting in a potential risk of harm to consumers.”
“By holding BNPL to the high standards we expect of other loans and forms of credit, we are protecting consumers and fostering the safe growth of this innovative market in the UK,” says John Glen, economic secretary to the Treasury.
#intelligence8 #affordability3 #intelligence #protections8 #protections7 #protections6 #intelligence7 #buynowpaylater #protections2 #protections5 #protections4 #affordability2 #intelligence0 #affordability1 #affordability0 #affordability9 #protections #affordability7 #complaints #intelligence2 #intelligence6 #bulletins #hmtreasury #affordability6 #affordability5 #secretary #protections1 #intelligence5 #protections0 #affordability8 #intelligence1 #protections3 #agreements #affordability #intelligence9 #intelligence4 #misleading #affordability4 #intelligence3 #affordability7
https://youtu.be/ND0NZ3hcxBU
Under the plans, lenders will be required to carry out affordability checks to ensure loans are affordable to customers and rules will be amended to make sure advertisements are “fair, clear and not misleading”.
Lenders offering Buy Now Pay Later services will need to be approved by the Financial Conduct Authority (FCA), borrowers will be able to lodge complaints with the Financial Ombudsman Service (FOS).
“Buy Now Pay Later credit agreements can be a helpful way to manage your finances, allowing people to spread the full cost of a purchase over time,” the government says.
“However, people do not currently have the usual full range of borrower protections when taking out this type of loan and they are rapidly increasing in popularity, resulting in a potential risk of harm to consumers.”
“By holding BNPL to the high standards we expect of other loans and forms of credit, we are protecting consumers and fostering the safe growth of this innovative market in the UK,” says John Glen, economic secretary to the Treasury.
#intelligence8 #affordability3 #intelligence #protections8 #protections7 #protections6 #intelligence7 #buynowpaylater #protections2 #protections5 #protections4 #affordability2 #intelligence0 #affordability1 #affordability0 #affordability9 #protections #affordability7 #complaints #intelligence2 #intelligence6 #bulletins #hmtreasury #affordability6 #affordability5 #secretary #protections1 #intelligence5 #protections0 #affordability8 #intelligence1 #protections3 #agreements #affordability #intelligence9 #intelligence4 #misleading #affordability4 #intelligence3 #affordability7
https://youtu.be/ND0NZ3hcxBU
We invite members that are ready to take their engagement to the next level finding new clients and expanding their services to the fintech innovation world.
Check out our Master Enabler Program.
Reach out to Angel Lorente if you have questions.
#FinTechConnector #Fintech #FinancialServicesTransformation #Innovation #Networking
Check out our Master Enabler Program.
Reach out to Angel Lorente if you have questions.
#FinTechConnector #Fintech #FinancialServicesTransformation #Innovation #Networking
Cryptocurrency exchange FTX, which recently filed for bankruptcy protection, has fired three of its top executives, including co-founder Gary Wang.
The two other fired executives were Engineering Director, Nishad Singh, and Caroline Ellison, who ran FTX’s trading arm Alameda Research.
The crypto exchange filed for bankruptcy protection last week and former Wall Street trader Sam Bankman-Fried resigned as chief executive after the rival exchange Binance walked away from a proposed acquisition.
The U.S. bankruptcy proceedings involve multiple FTX group companies with more than 100,000, and possibly over 1 million, creditors.
The company had been secretly taking risks with customer funds to prop up a trading firm owned by Bankman-Fried, which led to the company’s collapse.
Several crypto firms have since been bracing for the fallout from the FTX collapse, with many counting their exposure in millions to the beleaguered exchange. Customers and investors, now face losses totaling billions of dollars.
#engineering1 #engineering6 #intelligence #intelligence3 #proceedings2 #cryptocurrency #executives0 #engineering9 #bulletpoint8 #engineering0 #intelligence2 #engineering5 #engineering4 #engineering #bulletpoint0 #proceedings1 #proceedings9 #bulletpoint7 #bulletpoint6 #intelligence9 #intelligence8 #bulletpoint5 #intelligence7 #bankruptcy #protection #intelligence6 #bulletpoint4 #acquistion #proceedings8 #proceedings #intelligence1 #bulletpoint3 #intelligence5 #bulletpoint2 #proceedings0 #bulletpoint1 #contaigion #intelligence4 #engineering8 #bulletpoint9 #proceedings7 #intelligence0 #bulletpoint #proceedings6 #proceedings5 #engineering3 #executives #proceedings4 #engineering7 #proceedings3 #engineering2
https://youtu.be/Dm6i_XyVYN8
The two other fired executives were Engineering Director, Nishad Singh, and Caroline Ellison, who ran FTX’s trading arm Alameda Research.
The crypto exchange filed for bankruptcy protection last week and former Wall Street trader Sam Bankman-Fried resigned as chief executive after the rival exchange Binance walked away from a proposed acquisition.
The U.S. bankruptcy proceedings involve multiple FTX group companies with more than 100,000, and possibly over 1 million, creditors.
The company had been secretly taking risks with customer funds to prop up a trading firm owned by Bankman-Fried, which led to the company’s collapse.
Several crypto firms have since been bracing for the fallout from the FTX collapse, with many counting their exposure in millions to the beleaguered exchange. Customers and investors, now face losses totaling billions of dollars.
#engineering1 #engineering6 #intelligence #intelligence3 #proceedings2 #cryptocurrency #executives0 #engineering9 #bulletpoint8 #engineering0 #intelligence2 #engineering5 #engineering4 #engineering #bulletpoint0 #proceedings1 #proceedings9 #bulletpoint7 #bulletpoint6 #intelligence9 #intelligence8 #bulletpoint5 #intelligence7 #bankruptcy #protection #intelligence6 #bulletpoint4 #acquistion #proceedings8 #proceedings #intelligence1 #bulletpoint3 #intelligence5 #bulletpoint2 #proceedings0 #bulletpoint1 #contaigion #intelligence4 #engineering8 #bulletpoint9 #proceedings7 #intelligence0 #bulletpoint #proceedings6 #proceedings5 #engineering3 #executives #proceedings4 #engineering7 #proceedings3 #engineering2
https://youtu.be/Dm6i_XyVYN8
Trending Updates
Upvoted by Johannes and 11 others
Upvoted by 12
Upvoted by Greg and 8 others
Upvoted by 9
Upvoted by Brian and 4 others
Upvoted by 5
Upvoted by Diego and 7 others
Upvoted by 8
Upvoted by Ridham and 14 others
Upvoted by 15
Upvoted by Stuart and 2 others
Upvoted by 3
Upvoted by Michelle A. and 7 others
Upvoted by 8
:quality(70)/d1t2f78qo6hdah.cloudfront.net/10-01-2022/t_9754387774c64f17897b0689e7633860_name_file_960x540_1600_v4_.jpg)
Upvoted by Alfonso and 8 others
Upvoted by 9
Upvoted by Victor and 7 others
Upvoted by 8
Upvoted by Vikas and 12 others
Upvoted by 13
Master C.
Jan 8, 2023
We are looking for the best of the best from our members to join our Premier Master Enabler Program. Focusing right now on International Expansion and New Market Entry professionals for Europe, Latin America, and the USA. Interested in learning more message Master Connector here or email - masterenabler@fintechconnector.com
Upvoted by Johannes and 11 others
Upvoted by 12
1 comment
Master C.
Aug 9, 2022
Meet our FinTech Connector Switzerland Cruise sponsors on September 9th in Zurich.
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Upvoted by Greg and 8 others
Upvoted by 9
5 comments
Master C.
Jun 17, 2022
As the global economic environment is shifting, now more than ever partnering with the right organizations to increase business opportunities, focus on revenue growth, and drive innovation is critically important.
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
Upvoted by Brian and 4 others
Upvoted by 5
3 comments
Stephen W.
Mar 18, 2022
See our recent WealthTech 2022 report for a range of viewpoints and thinking on the main trends for WealthTech in 2021/2022.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
Upvoted by Diego and 7 others
Upvoted by 8
4 comments
Angel L.
Jan 11, 2023
I wrote an article that highlights the opportunities and challenges of digital transformation in banking and covers points on having a well-thought-out plan, organizational culture, and how to get started with partners that have done it already.
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
Upvoted by Ridham and 14 others
Upvoted by 15
3 comments
Luisa F.
Mar 7, 2024
Hello Fintech Connector Community! I have a bank client looking for fintechs that are interested in bank sponsorship. If you're in the market for a bank sponsor, please message me.
Upvoted by Stuart and 2 others
Upvoted by 3
6 comments
Angel L.
Apr 17, 2022
Another powerful report from FIS on global payments. This is a 156-report that gives you global payments trends, key insights, and other important ecosystem information.
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
Upvoted by Michelle A. and 7 others
Upvoted by 8
5 comments
Master C.
Oct 5, 2022
Great seeing our Mexico Community Partner Sofia Gamboa on El Financiero Factor Fintec speaking with Sergio Loredo about fintech in Mexico.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
Upvoted by Alfonso and 8 others
Upvoted by 9
5 comments
Master C.
May 13, 2022
SWITZERLAND IS CALLING ALL FINTECH CONNECTOR MEMBERS...
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
Upvoted by Victor and 7 others
Upvoted by 8
2 comments
Angel L.
Nov 11, 2022
Great to see how we have come a long way since our Meet Ups at Hurley's in NYC to now travelling the world to connect people, opportunities, and capital. Looking forward to our 2023 FinTech Connector events being announced shortly.
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Upvoted by Vikas and 12 others
Upvoted by 13
1 comment
