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Upstart CEO Girouard: ‘FICO is extremely limited and backward-looking’

Bank Innovation

Dave Girouard, CEO and founder of Upstart, testified before Congress’ Task Force on Financial Technology for its hearing on the use of alternative data in loan underwriting and credit scoring. In 2012, he founded Upstart, a company […].

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This week’s podcast: a conversation with Paul Watkins, Director of the CFPB’s Office of Innovation

CFPB Monitor

Our guest for this week’s podcast is Paul Watkins, Director of the CFPB’s Office of Innovation. The Office has taken over the Bureau’s work that was formerly done under Project Catalyst, the initiative launched by the CFPB in 2012 for facilitating innovation in consumer financial products and services.

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Innovation versus consumer protection: emerging battle lines

CFPB Monitor

The announcement by the Office of Comptroller of Currency that it will allow financial technology (fintech) companies to apply for national bank charters as way of fostering “responsible innovation” has already drawn fire from the New York Department of Financial Services (DFS) and the Conference of State Bank Supervisors (CSBS). .

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Plaid Technologies Scores $44M Off Goldman Sachs-Led Round

PYMNTS

The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Or, said more simply, Plaid provides an API layer that sits between banks and FinTech innovators who want to access bank account information for what they are doing and makes the connection possible.

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Tech Center: Dubai Takes A Front Row Seat To FinTech Growth

PYMNTS

As of 2012, Dubai was the 22nd most expensive city in the world and the most expensive city in the Middle East. Dubai is considered to be a hotbed for financial technology and innovation, not just in the Middle East but globally. 2016, the inflation rate was 0.12 Dubai’s ‘Smart City’ Transformation.

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Fenergo Brings its Client Lifecycle Management Innovations to ABN AMRO

Fintech Labs Insights

“Fenergo is the technology platform that will underpin this initiative.” ” Pictured: Fenergo CEO Mark Murphy demonstrating Deal Manager at FinovateEurope 2012. Earlier this month Fenergo announced a deal to deploy its Client Lifecycle Management technology with HSBC Group.

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William Mills Agency Partners with TrendKite for Advanced Program Analytics, Reporting

William Mills

TrendKite is proud to partner with William Mills Agency, a leader with a well-established reputation in financial technology, public relations, and marketing services,” said Erik Huddleston, CEO, TrendKite. ” The Internet Marketing Association’s IMPACT15 event honors marketing industry innovators and leaders.