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37 Corporate Innovation Labs In Finance

CB Insights

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

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The United States Of Artificial Intelligence Startups

CB Insights

valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). The Innovation Scout. Total Equity Funding ($M).

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California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. According to the DBO’s press release, until the FACA became effective, LoanMart was making state-licensed auto title loans at rates above 100 percent.

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Fintech Policy in the US – Things Are Things Heating Up

FICO

It’s August and it’s hot in Washington DC. Much of the latest buzz has come from the recently released Treasury report which focuses largely on the Trump administration’s outlook for financial innovation. Yet in the nation’s capital, fintech policy may actually be hotter than the temperatures outside. beyond a 12 month horizon).

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What We Learned About Alternative Finance In 2016

PYMNTS

Wells Fargo was just a bank that was really good at getting its customers to sign up for credit cards, and Lending Club and its P2P counterparts were coming to eat mainstream banking’s lunch. They should, however, be commended for lending money. Financial service providers should be vilified for doing wrong. And they are.

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Acting Comptroller discusses crypto risks, including use of bank-like terminology

CFPB Monitor

In remarks at the DC Fintech Week conference on October 11, 2022 and in a keynote address later the same day at a roundtable conducted by the Harvard Law School Program on International Financial Systems, Acting Comptroller of the Currency Michael J. Promises of innovation and inclusion often mask crypto’s promotion of a gold rush vibe…”.

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Yes, I really did just accept an a position on the Consumer Advisory Board of the CFPB! (Consumer Financial Protection Bureau)

Javelin Strategy & Research

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I can’t get enough of innovation and digital strategy. I’ll provide one more example of the elusive win-win innovation.