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Q4 transactions: Ally, Microsoft team up on gen AI

BankInovation

In 2023, financial institutions continued to look to third-party vendors for innovative solutions to enhance their offerings. based bank and fintech advisory company Cornerstone Advisors of Arizona said U.S. A December report by Scottdale, Ariz.-based

Arizona 66
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Utah’s new regulatory sandbox

CFPB Monitor

This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. Arizona’s program, in contrast, is administered by the Arizona Attorney General.

Utah 60
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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. Paul Watkins, recently named by CFPB Acting Director Mulvaney to serve as Director of the Bureau’s Office of Innovation , was also a speaker at the summit. Questions directed at Ms.