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Arizona AG announces more fintech sandbox participants

CFPB Monitor

In August 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.” and Sweetbridge NFP, Ltd.,

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Community Banks Debut FinTech Alliance

PYMNTS

Collaboration amid competition has been a hallmark of the financial services space, as traditional financial institutions (FIs) join forces with FinTech startups. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. Guidelines From The UK. and MarketInvoice.

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The Bank Legacy Is Dead: Long Live the Fintech Collision

Gonzobanker

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. Many fintech venture funds are gaining steam in the industry, and AOBA was a fertile ground to attract new investor commitments.

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CFPB, CFTC Develop FinTech Regulatory Sandbox

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory sandbox for FinTech firms. “We We recognize that so often the case is with new technology, there is a needle you have to thread,” he added later. But the U.S.

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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

Scottdale, Arizona was chillier than normal this week, but that didn’t prevent bankers from having heated discussions about 2023 at this year’s Acquired or Be Acquired conference, hosted by Bank Director. Business Experience Catches Consumer In past years digital innovation discussions tended to focus on consumer-focused players (e.g.,

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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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Wyoming creates fintech sandbox

CFPB Monitor

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). Arizona was the first state to create a fintech sandbox and we will soon be publishing a blog post about Utah’s new fintech sandbox.)

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