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Bump On The Road To National FinTech Charters?

PYMNTS

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. lakh (roughly $1.6 In the U.K.,

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Things worth reading: 26th June 2017

Chris Skinner

The post Things worth reading: 26th June 2017 appeared first on Chris Skinner's blog.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

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Discover Names Roger Hochschild As Chief Executive

PYMNTS

Hochschild, 53, who has been president of the card company since 2004, will retain the title of president, and has been named to the company’s board of directors. He helped lead the direct banking firm through its 2007 spinoff from Morgan Stanley. The firm had $84.2 billion in loan receivables and $39.4

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Visa, MFS Africa Team To Take Mobile Wallets Cross-Border

PYMNTS

Since the rise of M-Pesa in 2007, mobile money wallets have become prevalent across Africa. And while that addition to the market has made many things possible for consumers in formerly cash-locked economies, there has been a persistent problem of limitations for users once they want to transact outside their home environment.

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Where are The FinTech Darlings Now?

Jeff For Banks

FinTech, FinTech, FinTech! A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. So FinTech (six) firms need capital and revenues to grab a foothold in the financial services market. If looking for a FinTech (seven) partner, follow your vendor management procedures.

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10 Banking Channel Metrics That Have Dramatically Changed in 10 Years

Gonzobanker

The introduction of smartphones kick-started the mobile banking revolution, the financial crisis brought on a world of regulatory pain, and the emergence of fintech startups threatens to disrupt, displace and, well, “diss” banks altogether. Only a quarter believe their contact center capabilities are future-ready.