PYMNTS
JANUARY 15, 2019
As FinTechs eye growth, and look to gain scale by providing more “mainstream” financial services, might those plans hit a speed bump when it comes to the infrastructure needed to bring products to the masses? I am concerned that FinTech will be the source of the next crisis.”. In Asia, Examining Cross-Border FinTech.
CFPB Monitor
JANUARY 14, 2019
Last July, the OCC announced its decision to accept applications for special purpose national bank (SPNB) charters from fintech companies. According to a Reuters article published today , Federal Reserve officials have expressed reservations about allowing such access to fintech companies. The article quotes the President of the St.
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ABA Community Banking
APRIL 24, 2020
After a career as a nonprofit executive, Midwest BankCentre Chairman and CEO Orvin Kimbrough discusses the unique perspective he brings to his role and how his bank is reaching underserved communities in the St. Louis area. The post CEO Q&A: Opportunity Rising in the Midwest appeared first on ABA Banking Journal.
Abrigo
FEBRUARY 25, 2022
Cornerstone Advisors surveys have found that the percentage of community financial institution executives who see fintech companies like Square and PayPal, which offer business loans, as significant threats has increased from 36% in 2021 to 47% in 2022. In a blog series, “ Adapting to the Digital Age ,” researchers from CSBS, the St.
PYMNTS
JANUARY 28, 2020
Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. CUs Stick Together To Compete With Banks, FinTech Firms. CUs like St. For more on these and other CU news items, download this month’s Tracker.
Fintech Labs Insights
OCTOBER 22, 2020
Today, I watched a 10 impressive demos at DC Fintech Week ( see list at bottom of post ). Finlocker is a St. Louis, MO-based fintech that just landed a fresh $10M (total round size of $20M, the other $10M raised in 2019) to give them a total of $25.4M. Vitals: HQ: St.
PYMNTS
FEBRUARY 24, 2017
First, bitcoin has managed to stay above $1,000 for a record 10 days, leading some to speculate that the cryptocurrency could be developing a new, $1,000 price floor — though it may still be too early to tell. recently announced the placement of three new machines in St. The cryptocurrency’s maximum value, reached on Nov.
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