Chris Skinner

OCTOBER 16, 2017

Things we’re reading today include … City warns transition deal ‘disappearing by the day’ as May heads to Brussels Fintech market moves beyond lending Wi-fi security flaw ‘puts devices at risk of hacks’ Financial regulator warns of growing debt among young people Uncertainty over Brexit transition ‘could put (..)

Lending 177

Lending Regulation Fintech Security 177

Abrigo

NOVEMBER 12, 2016

In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path. Many community banks and credit unions are turning to small business loans as a source of loan growth.

Lending 186

Lending Community Bank Community Analysis 186

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Marketplace lending. Marketplace Lending.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Abrigo

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. The product complies with laws and regulations, particularly those aimed at protecting consumers. Support responsible innovation.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Banks are certainly not playing hide and seek with P2P lending. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

DECEMBER 26, 2018

“The end of this year reflects our efforts and experience of the past few years in actively developing a FinTech-conducive ecosystem in Lithuania. Our regulatory environment and the benefits it offers have been acknowledged by both startups and world-class FinTech companies,” said Board Member Marius Jurgilas, according to Finextra.

Google 217

Google Fintech Lending Payments 217

CFPB Monitor

JULY 17, 2019

As readers of our blog know, our consumer financial services group has been at the forefront of legal developments involving new technologies. Our Banking and Financial Services and Retail industry groups add further depth and specialized knowledge.

Fintech 60

Fintech United States cryptocurrency Groups 60

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 Taking the FinTech Threat Seriously: What Should Banks Be Doing to Compete? Thu, 12/19/2019 - 16:29. by Darryl Knopp.

Fintech 52

Fintech Millennials Lending Tools 52

CFPB Monitor

JANUARY 7, 2019

I am pleased to share with our blog readers that Alan Kaplinsky, who leads our firm’s Consumer Financial Services Group, was recently awarded the National Law Review’s Go-To Thought Leadership Award in Consumer Finance for his work on our blog, Consumer Finance Monitor. We certainly hope that our readers will agree.

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Leadership National Lending Industry 60

FICO

JANUARY 19, 2023

At the same time, regulators are doubling down on their expectations of financial organisations and lenders to ensure they provide continued support to those who are deemed to be vulnerable or in financial difficulty. See all Posts chevron_left Blog Home expand_less Back To Top Related posts Four 2023 U.S.

Lending 52

Lending Strategy Analytics Data 52

Abrigo

DECEMBER 20, 2021

If your CDD program is not intact, now is the time to tighten things up and watch for new regulations. and CDD will be top of regulators' minds for some time. Lending & Credit Risk. How to Establish Quality Fintech Partnerships. CDD is widely considered the fifth pillar of BSA. The world is watching the U.S.,

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Resources Texas Analysis System 195

CFPB Monitor

SEPTEMBER 17, 2018

We will also address the recent statements by HUD and the CFPB signaling an intent to revisit the disparate impact theory, and the implications for fair lending of these efforts. We’ll be talking about how to make sense of breaking developments, avoid risk, and make the most of opportunity.

Lending 60

Lending Apple Google Compliance 60

Lars Markull

JULY 10, 2022

I'm back this week with another Embedded Finance blog post, as promised last week. This means that finance includes not only lending and investing, but also banking. This has been followed by embedded lending, with a few providers already active or about to go live. Thank you for taking the time to read my blog post.

Lending 83

Lending Branding Examples Regulation 83

Abrigo

MARCH 6, 2017

His recent research reports have covered SMB lending, alternative lenders and automating commercial lending. 4) @KarenGMills – Former SBA administrator in the Obama administration, Mills is now a senior fellow at Harvard Business School, writing and Tweeting about small business, lending and fintech. Learn more here.

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social media Lending Community Community Bank 150

BankUnderground

AUGUST 23, 2023

Many BNPL products are exempt from regulation because they do not charge interest on repayments. Typically these products are provided by newer fintech firms, for whom BNPL makes up most or all of their lending. Some other BNPL products are regulated and charge interest on repayments. Who uses BNPL?

Survey 83

Survey Groups Regulation Data 83

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. An App Store for FinTech applications. I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions.

social media 40

social media ATM Mobile Customer Experience 40

FICO

OCTOBER 17, 2022

India and Australia, for instance, have adopted a government-regulated approach. In contrast, other countries, including the Philippines and Hong Kong, have taken a less regulated approach, with regulators setting the ground rules but the industry and financial institutions are defining the APIs and implementing the framework.

Data 52

Data Analytics Lending Ohio 52

CFPB Monitor

FEBRUARY 13, 2017

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. Fintech forum. Interagency fair lending task force. The FTC has authority to enforce the ECOA and Reg B as to nonbank providers within its jurisdiction.

Report 68

Report Big Data Lending Survey 68

Accenture

NOVEMBER 27, 2017

Some themes endure year-after-year, as shown in the table below—real-time payments, cybersecurity, fintechs, blockchain and open APIs. In addition, the standard enables Fintechs to access payment infrastructures, bank innovation and interoperability for cross-border payments. Open APIs was the standout technology at the conference.

Innovation 171

Innovation Conference Fintech blockchain 171

FICO

AUGUST 10, 2022

The removal of the mortgage market affordability test in the UK could pose challenges at a time when affordability is an important lending issue. Last year saw the highest level of mortgage lending the UK has seen since before the global financial crisis. Affordability Assessments and Unrestrained Lending. by Matt Cox.

Lending 52

Lending Fraud Meeting Data 52

Jessica Ellerm

FEBRUARY 25, 2016

On Wednesday Australia’s Prime Minister Malcolm Turnbull and Treasurer Scott Morrison jointly announced the launch of a new fintech advisory panel, bringing together bankers and fintech leaders alike, and tasking its members with the job of making Australia the leading force in financial technology within the APAC region.

Fintech 40

Fintech Lending US Policies 40

William Mills

JUNE 16, 2016

But bigger than that, we began getting caught up in this world of “fintech” long before it became the latest overnight sensation, which – by the way – has actually been more than 10 years in the making. What the heck is fintech and why do we care? 2) The fintech tide still rising. 3) Tighter regulation is happening.

Fintech 40

Fintech Industry User Experience US 40

William Mills

JUNE 16, 2016

But bigger than that, we began getting caught up in this world of “fintech” long before it became the latest overnight sensation, which – by the way – has actually been more than 10 years in the making. What the heck is fintech and why do we care? 2) The fintech tide still rising. 3) Tighter regulation is happening.

Fintech 40

Fintech Industry User Experience US 40

Abrigo

SEPTEMBER 30, 2016

Interest rate margins remain slim, and FinTech companies that compete directly with traditional banks and credit unions seem to pop up overnight. At the same time, the regulations governing financial institutions continue to become increasingly complex and demanding. Invalid applications.

Lending 150

Lending Resources Examples Strategy 150

Lars Markull

NOVEMBER 14, 2019

A few months ago I broke up with my cofounder and stopped working on our idea to build a digital credit card service for SMEs in Europe (see my blog post ). But in the meantime, I am lucky enough to be able to work with different FinTech startups and support them on their open banking journey. Tech infrastructure / Regulation.

Fintech 45

Fintech Regulation Cards Lending 45

Lars Markull

NOVEMBER 14, 2019

A few months ago I broke up with my cofounder and stopped working on our idea to build a digital credit card service for SMEs in Europe (see my blog post ). But in the meantime, I am lucky enough to be able to work with different FinTech startups and support them on their open banking journey.

Fintech 40

Fintech Regulation Cards Lending 40

FICO

JANUARY 31, 2019

In her opening keynote at the Federal Reserve Bank of Philadelphia’s Fintech Conference, “What Are We Learning about Artificial Intelligence in Financial Services?” , Governor Brainard from the Board of Governors of the Federal Reserve System discussed opportunities and uncertainties around the use of these technologies.

Philadelphia 40

Philadelphia Case Study Compliance Lending 40

Fintech Labs Insights

FEBRUARY 14, 2017

What happens when you give fintech nerds a healthy dose of wine and cocktails over the course of 4 hours? You get honest opinions about what is new and next in fintech. At the fintech cocktail club, we played a scientific game of Hot or Not (if you’re younger than 30, think of it as Fintech Tinder ). P2P lending.

Fintech 17

Fintech Trends Lending blockchain 17

Insights on Business

OCTOBER 11, 2018

It’s this digital-agility layer that would connect to the internal core systems as well as provide external APIs to connect various fintech solutions and other financial institutions within an open banking platform approach. Stay tuned for more blogs on Sibos 2018! IBM at Sibos 2018. Visit the IBM booth (#F22) at Sibos.

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Meeting Customer Experience System Guidelines 111

CB Insights

FEBRUARY 1, 2019

GET THE 106-PAGE FINTECH TRENDS REPORT. Download the free report to learn about the biggest trends from fintech in 2018 and ones to watch for 2019. Two that are already seeing lots of activity are payments and lending. Meanwhile, alternative lending is also seeing strong growth, with P2P fintech platforms distributing $1.4B

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Policies Lending Operations Examples 61

FICO

JUNE 22, 2022

There are multiple routes in - from real-time Open Banking data overlaid with AI insights, to personalisation through fintech partnerships. In the meantime, regulators continue to keep a close eye on developments and now expect banks to ensure they always serve financially vulnerable customers in the most appropriate way possible.

Trends 52

Trends Data Customer Experience Analytics 52

FICO

MAY 13, 2019

In the first of my three-part blog series on reinventing the origination process I discussed how digital transformation has reshaped consumers expectation from the companies they do business with – which means that leading financial institutions must transform their customer experience as well if they wish to remain competitive.

Customer Experience 40

Customer Experience Examples Data Analytics 40

Abrigo

JUNE 12, 2023

The money transmitter industry is growing, spiked by advances in fintech and the consumer demand for immediate payment mechanisms. Streamlined compliance : Compliance with varying state regulations significantly burdens money transmitters. alone, handling $6 trillion in payments. alone, handling $6 trillion in payments.

Compliance 195

Compliance Fraud Regulation Guidelines 195

Abrigo

DECEMBER 15, 2016

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. To learn more about opportunities in small business lending, download the whitepaper Tapping Growth Opportunities in the Business Loan Portfolio.

Lending 150

Lending Millennials Study Survey 150

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Those implementing regulations were coming.

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

OCTOBER 29, 2018

federal district court to stop the Office of the Comptroller of the Currency (OCC) from issuing special purpose national bank (SPNB) charters to fintech companies. The new lawsuits were filed in response to the OCC’s July 2018 announcement that it would begin accepting applications for SPNB charters from fintech companies.

Fintech 60

Fintech Regulation New York National 60

Lars Markull

JULY 1, 2020

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. In this fourth and final blog post, we want to put the spotlight on actual use cases of Open Banking: why should entrepreneurs care about this? Verify Identity.

Risk Management 69

Risk Management Data Examples United States 69