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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ). Stripe raised Series I financing.

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CFPB, CFTC Develop FinTech Regulatory Sandbox

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory sandbox for FinTech firms. “We A sandbox provides relief from certain regulatory requirements so FinTech startups can test products and government authorities can offer guidance.

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Democratic Congressman Bill Foster seeks chairmanship of House Financial Services Committee Fintech taskforce

CFPB Monitor

Democratic Congressman Bill Foster, who represents the 11th District of Illinois, has sent a letter to Maxine Waters, Democratic Chairwoman of the House Financial Services Committee, to express his “strong interest in serving as the Chair of the Taskforce on Financial Technology and Innovation that will be convened in the coming weeks.”

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Fintech needs more regulatory 'sandboxes'

Payments Source

Although there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

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Innovation versus consumer protection: emerging battle lines

CFPB Monitor

The announcement by the Office of Comptroller of Currency that it will allow financial technology (fintech) companies to apply for national bank charters as way of fostering “responsible innovation” has already drawn fire from the New York Department of Financial Services (DFS) and the Conference of State Bank Supervisors (CSBS). .

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FinDEVr APIntelligence

Fintech Labs Insights

Are you building new financial technology? Be sure to register now for the only event exclusively for fintech developers, FinDEVr 2015 , Oct 6-7 in San Francisco. Rise in tech investment in the UK credited to companies such as Currency Cloud in London’s fintech sector. PayPal’s Early Valuation Tops $44 Billion.

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

Fintech Labs Insights

Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). HQ: Chicago, Illinois. Bridge Financial Technology. Back-office platform for financial advisors . HQ: Chicago, Illinois. The post Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13 appeared first on Finovate.

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