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FHFA announces Office of Financial Technology

CFPB Monitor

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. In the introduction to the RFI, the FHFA noted President Biden’s March 2022 executive order.

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5 ways AI can improve customer service

Independent Banker

First, with AI’s ability to mimic human intelligence, community banks can quickly process huge amounts of data to ease customer friction. Then, by monitoring AI as it works, banks can see where their customersexperience can improve. Here are common issues customers experience that AI could improve. “My

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William Mills Agency Issues Bankers as Buyers Report Which Explores Technology Decisions and Forces Impacting Innovation in 2018

William Mills

The report includes industry research about what technology, solutions and services U.S. Leading industry analysts, consultants, bankers and financial technology professionals also share commentary and their insights on trends for 2018. Compliance. Branch Technologies. Lending/Risk Technologies.

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The 2022 GonzoBanker Awards

Gonzobanker

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to MoneyLion for lots of obvious inappropriate behavior including violating the Military Lending Act regarding capped lending rates. The Smarter Bank Customer Experience Award. The Appropriate CFPB Target Award.

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Fintech to facilitate inclusive financial system in China, say experts

Urs Bolt

Fintech to facilitate inclusive financial system establishment in China, say experts. They need tech applications to become more customer-oriented. Read about Urs BOLT: China and Switzerland have great potential in financial technology cooperation on the Chinese language on the following link. Compliance.

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The 2023 GonzoBanker Awards

Gonzobanker

The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. Last time we checked the Fed’s role was to protect and ensure the safety and soundness of financial institutions. The Monty Python “Biggus Dickus” Award – goes to Sen.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

Corezoid is advocating for a “process focused” view of bank technology, by use of APIs. This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR Peer lending meets machine learning, with LendingRobot. Gilad Golan (CTO).

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