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

US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition

PYMNTS

billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. Britain’s Competition and Markets Authority already approved the Visa/Plaid deal in August. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3

US 343
Insiders

Sign Up for our Newsletter

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

article thumbnail

US states to proactively regulate fintech market

Bobsguide

State regulators are to take a more hands-on approach to regulating and engaging with financial technology developments, according to Chris Camacho, president and CEO of the Greater Phoenix Economic Council, who was speaking as part of a panel at this year’s Money20/20. “I can’t.

article thumbnail

US Senate Committee Weighs Pros And Cons Of Digital Dollar

PYMNTS

“Big Tech companies have made a lot of big promises about the better society they were going to allow us to build, [but] they have not lived up to them,” Brown told a Senate Banking, Housing and Urban Affairs Committee virtual hearing on the digitization of money and payments.

US 310
article thumbnail

Today In Payments Around The World: UK To Make Firms Pay Small Businesses In 30 Days; Singapore’s Grab Considers US IPO

PYMNTS

Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion. Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. If the firm decides to go ahead, the public offering could be the biggest market debut ever made by a Southeast Asian firm on a foreign exchange.

US 133
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. The 2019 Canadian fintech market map. Startups headquartered in Ontario dominate the table, with over 40 fintech companies from this market map headquartered in the Greater Toronto Area.

Fintech 93
article thumbnail

Fostering the Financial Technology Infrastructure of Tomorrow

Insights on Business

We’re inviting our partners to innovate with us and pioneer new solutions that will benefit the financial services industry at large. Most crucially, we want to democratize access to sophisticated tools in order to foster the creativity of the growing development community.