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Bump On The Road To National FinTech Charters?

PYMNTS

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. In the U.K.,

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Building the Collaboration Muscle: Optimizing the Bank / Fintech Relationship

Celent Banking

And Fintechs have come around to the realization that it’s going to be the rare beast that can compete head-on with incumbent financial institutions – most will fare better by figuring a way to cooperate with them instead. When they get together, some weaknesses of fintechs are mitigated (e.g., slowness and risk aversion).

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Why Credit Unions Crush Loyalty

PYMNTS

The inaugural edition — based on input from 3,813 consumers, 102 CU executives and 49 FinTech executives — examines over 190 data points on how CUs pursue innovations related to data security, fraud and anti-money laundering. As they pursue their innovation goals, many CUs are working with FinTech firms. In fact, 81.3 In addition, 80.6

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Scale Matters … But Smart Matters More

Gonzobanker

At Cornerstone, we wave the flag not for being a scaled bank but becoming a Smarter Bank —a dynamic organization that puts a traditional bank, a fintech and a top-talent workplace in a blender and comes out with a modern organization that is differentiated, hyper-efficient, nimble, data-driven and opportunistic.

Tools 152
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APIs Raising Tough Questions About FinServ Innovation, Competition And Data Privacy

PYMNTS

And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . How can banks stay competitive while still cooperating with FinTechs?

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Banks Should Make 2024 a True ‘Year of Digital’

Gonzobanker

Faced with competition from national banks, challenger banks and fintechs, financial institutions are working to take a portion of matters into their own hands, bringing in strong digital product management, user experience, development and integration capabilities. This is an area where speed-to-market competition will be important. #3.

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How Open Banking Will Test Banks’ Data Security Strategies

PYMNTS

The data security risks linked to data sharing and bank-FinTech interconnectivity are complex and, in some ways, the full threat of the issue has yet to reveal itself. With consumers now exercising their ownership and control of data, more information is being shared between banks and FinTech apps. What happens?

Security 194