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First New Community Bank In Decades Headed To US Market

PYMNTS

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. have emerged to do.

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15 Crowdfunding FinTech Startups for Socially Conscious Investors

Let's Talk Payments

Today, the MEDICI team was discussing the progress of the FinTech ecosystem and the impact it has delivered for the communities around the world. An interesting question that came up: why doesn’t the community talk much about FinTechs that work on charity, especially crowdfunding platforms?

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AI, Security And Loosened Rules: How The US Wants To Boost FinTech

PYMNTS

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. FinTech Growth. Treasury Department. financial technology efforts.

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Bankable Partners With Visa For Global Expansion

PYMNTS

The London headquartered FinTech is launching a New York office, Bankable’s fourth location. as well as leading regional, community and selected global banks organized to support FinTechs,” Mouilleron said. “We hub, where it is planning strategic initiatives across corporations, banks and FinTechs.

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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

Ultimately, that effort was pushed back by a coalition of unions, consumer groups, community banking groups and legislators that did not trust Walmart’s business plan or intentions once they had the license and FDIC deposit insurance in hand.

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Metro Bank UK: 2023’s Next Bank Collapse? | Samsung’s Trackable Card Unveiled | UBS Tests Tokenized Fund on Public Blockchain

Bussman Advisory

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Since its establishment in 2010 as a challenger to major UK banks, Metro Bank’s shares have dropped nearly 66% since mid-September.

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Preparing for Section 1071

Abrigo

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Proposed Rule. Prepare for change to data collection practices. If they don’t?

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