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Banks Say FinTech Innovation, Not Regulation, Is Now Their Fiercest Market Pressure

PYMNTS

The regulatory pressures on banks is not only fierce, it’s also continually changing, forcing financial institutions (FIs) to invest vast resources to stay on top of evolving rules. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up.

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Charles Potts: Growing small business banking

Independent Banker

economy, accounting for 99% of companies with paid employees and 65% of net job creation from 2000 to 2017, according to the Small Business Administration (SBA). Small businesses also lead the way in innovation. Charles Potts ( charles.potts@icba.org ) is ICBA executive vice president and chief innovation officer.

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CFPB issues order terminating Upstart no-action letter

CFPB Monitor

The NAL was essentially a renewal of the no-action letter issued to Upstart in September 2017, which was the first no-action letter issued by the CFPB. The CFPB issued an order last week terminating the no-action letter issued to Upstart Network, Inc. on November 30, 2020 for a 36-month term (NAL).

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Rethinking the Customer Experience: Themes from the 2017 Model Bank Submissions

Celent Banking

The second type is a completely separate brand ring-fenced under a different technology stack, operating under the umbrella of the parent organization but effectively a separate entity. Institutions are acknowledging the valuable and complementary role Fintech can play in providing a modern, innovative customer experience.

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Deploying Spend Management Technology To Rebuild After Disaster Strikes

PYMNTS

The paperwork and delays that employee expenses generate can strain any business’s operations. Barry Floyd, the firm’s chief financial officer, told PYMNTS in a recent interview that the company was particularly busy during 2016 and 2017, when Hurricanes Matthew and Irma hit the company’s home state of Florida.

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Hitachi Capital America Lands Trade Finance Takeover

PYMNTS

based corporate finance operation, is broadening its position in the trade finance landscape through an acquisition of Global Technology Finance , which provides supply chain finance to value-added resellers targeting the technology sector, according to reports in Asset Finance International. Hitachi Capital America , Hitachi’s U.S.-based

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Western Union Completes Relocation Of Headquarters To Denver

PYMNTS

Western Union said the facilities have a range of upgraded features, including advanced conferencing and communication technology, innovation labs and ergonomically designed furniture. “As What’s more, the company announced in 2017 that it would contribute $1 million to local nonprofits in Denver that support education.

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