article thumbnail

OCC’s New Office of Financial Technology Portends Increased Supervisory Activity

CFPB Monitor

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

article thumbnail

Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. Navigating the Bank Tech Ecosystems of Today and Tomorrow?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Bitcoin Daily: Speedy Crypto Exchange Launched By Former Morgan Stanley Developers; Starling Bank Co-founder Joins Winklevoss’ Gemini Trust

PYMNTS

A group of former software developers from Morgan Stanley have created a cryptocurrency derivatives exchange that will reportedly execute trades in less than a millisecond for both retail and institutional investors. digital bank Starling Bank , to help it launch its European expansion. These things will just take time.”.

Bitcoin 131
article thumbnail

Canadian Fintech Market Map

CB Insights

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. This subcategory includes companies enabling the trading, storing, and/ or usage of cryptocurrencies, but excludes companies working on cryptoassets unrelated to financial services (e.g.

Fintech 93
article thumbnail

FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. Revolut is an app-based consumer bank account that allows customers to send and receive money and use built-in budgeting tools. Last week, Revolut, which recently debuted in the U.S.

article thumbnail

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

Digital bank. Bridge Financial Technology. Back-office platform for financial advisors . Tags: Consumer, payments, cryptocurrency, bitcoin, blockchain, remittances. Latest round: $3.4 million Series A. Total raised: $11.8 HQ: Glenwood, Maryland. Source: FT Partners. Latest round: $3.4 Total raised: $34.8

Company 12
article thumbnail

3 Strategies Goldman Sachs can use to build a Fintech powerhouse

Lex Sokolin

There are, all of a sudden, a lot of deals being done across financial technology. We have the world’s best investment bank and institutional capital markets business, but something doesn’t feel right. The world is changing, prices are collapsing, and people are going on about mobile apps and cryptocurrencies.