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Deutsche Boerse goes live with spot crypto trading | Meta is building a giant AI model for videos | X could soon receive payment licenses in NY & CA

Bussman Advisory

The latest edition of the FinTech Ecosystem Newsletter is here : Join our Community Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. More information on www.bussmannadvisory.com.

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Adam Wright joins CA DFPI’s Office of Financial Technology Innovation; meetings available during weekly office hours

CFPB Monitor

AB-1864, which took effect on January 1, 2021 and significantly expanded the powers of the California Department of Financial Protection and Innovation, required the DFPI to establish a “Financial Technology Innovation Office.”. These discussions may include regulatory questions.

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FinTech Could Be Hurt By Fight Between OCC And States

PYMNTS

The FinTech industry’s future could depend on the outcome of a fight between the Office of the Comptroller of the Currency (OCC) and states, according to a report in TechCrunch. The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices.

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CA Dept. of Financial Protection and Innovation signs MOUs with five earned wage access companies

CFPB Monitor

Since the California Consumer Financial Protection Law (CCFPL) became effective on January 1, the state’s Department of Financial Protection and Innovation (DFPI) has wasted no time in asserting its expanded jurisdiction over consumer financial services providers. (The

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Looking Beyond The Card To Drive Commercial Adoption

PYMNTS

In this week's Commercial Card Innovation Tracker, PYMNTS rounds up the latest innovations that showcase how industry players are looking beyond the card itself — and toward API integrations and value-added features — to encourage corporate card use. Ro Khanna (D-CA) and Anthony Gonzalez (R-OH). Brex Broadens Partnership Base.

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CA and NY governors propose expansion of state consumer financial protection regimes

CFPB Monitor

Establishing a new Financial Technology Innovation Office. Licensing and examining new industries “that are current under-regulated”. Protecting consumers through enforcement against unfair, deceptive, or abusive activities. The budget includes a $10.2 million Financial Protection Fund and 44 positions in 2020-21, growing to $19.3

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Top 10 Fintech Accelerators & Incubators for 2023

Fintech Labs Insights

Rewind to 2019 and there were more than 50 fintech/insurtech accelerators. And only 7 of those are fintech market specialists. Here is our curated list of accelerators actively looking for fintech startups. Ranked more or less by their total portfolio of fintech graduates.