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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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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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Wells Fargo Head Of Innovation Group To Retire

PYMNTS

Wells Fargo announced on Tuesday (May 22) that Steve Ellis, head of the innovation group, will retire after nearly 31 years with the company. Before that, he started and ran the wholesale internet solutions group, which launched Wells Fargo’s Commercial Electronic Office (CEO) portal in 2000 and CEO Mobile in 2007.

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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. The trigger for the look back has of course has been the Sept. Behind the Numbers .

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Financial Stability Board Calls For Current Crypto Education

PYMNTS

In a letter to finance ministers and G20 central banks, Quarles said they’re in danger of falling further behind as the digital payments sector grows and innovates. FSB members recognize the speed of innovation in the area of digital payments, including so-called ‘stablecoins,’” he said in the letter. “We

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NY Seizes Municipal Credit Union After Embezzlement

PYMNTS

Wong was in charge from 2007 until 2018. As FinTechs and the big banks pour millions of dollars into digital offerings, credit unions are rushing to catch up. The move comes after its ex-Chief Executive Officer Kam Wong pleaded guilty to embezzling funds, reported Reuters.

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Nigeria’s Paga Buys Software Firm Apposit For Global Expansion

PYMNTS

He started working in FinTech after attending Brown University. “I According to the article, “The two teamed up with Simon Solomon in 2007 to co-found Apposit, with a focus on building large-scale enterprise software for Africa.”. “We I put together a team … to build … public financial management systems for the country.

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