Remove 2014 Remove Financial Technology Remove Operations Remove Regulation
article thumbnail

Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print.

Fintech 474
article thumbnail

Increasing Headwinds in Corporate Banking?

Celent Banking

As expected, corporate banking operating income and customer deposit balances have experienced healthy growth rates over the past 10 years. In 2014, corporate banking was responsible for 33% of overall operating income and 38% of customer deposits across the 20 banks included in this analysis.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FTC sends 2016 ECOA report to CFPB

CFPB Monitor

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers. Fintech forum.

Report 68
article thumbnail

The 2022 GonzoBanker Awards

Gonzobanker

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. THE TECHNOLOGY AWARDS.

Community 216
article thumbnail

LendingClub Settles With SEC, DOJ

PYMNTS

As technology continues to provide more creative means for financial transactions, so, too, must financial technology companies be careful to abide by the rules that ensure stability and fairness in these emerging markets.” LendingClub has agreed to pay a $2 million civil penalty to settle the matter. “As So, Now What?

Lending 135
article thumbnail

3 Strategies Goldman Sachs can use to build a Fintech powerhouse

Lex Sokolin

There are, all of a sudden, a lot of deals being done across financial technology. I would guesstimate a range of around $100 to $150 million, much of which would go to the core operating team. their websites would facilitate a transaction without running afoul of regulations. Wealthtech is one fire, they say now.

article thumbnail

Fintech Trending: P2P, EMV, NFC, NLP… OMG

Fintech Labs Insights

In a $460 million deal, Texas-based ATM operator Cardtronics has acquired Canada-based DirectCash Payments. Regulation. It’s been one year since EMV regulation in the United States was placed into effect. Big handshakes. Cardtronics acquires DirectCash Payments. Happy birthday, U.S. InsurTech Rising.

Trends 12