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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. The post Core Unicorn Deals Rattling the Future of Financial Technology appeared first on Gonzobanker.

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Google Play Store Nixes Payday Loan Apps

PYMNTS

“We expanded our financial services policy to protect people from deceptive and exploitative personal loan terms.”. California and Ohio are among states that have started implementing measures to stop high-interest loans. Among the lenders affected by the new restriction is CURO Financial Technology Corp.

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FTC holding FinTech forum on marketplace lending

CFPB Monitor

On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”

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

CFPB Monitor

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

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Ireland Boosts FinTech Development Efforts

PYMNTS

The government said that, in the wake of Brexit, roughly 100 financial firms have applied to set up shop or expand operations in Ireland. The Times reported late last week that initiatives include a “FinTech foresight” group that will bring together various stakeholders across financial technology and multinational companies.

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Report: Data Key To Credit Union Member Retention

PYMNTS

The scrutiny isn’t stopping mergers, however, as two of the largest CUs in Southern California are set to become one early next year. Ventura County Credit Union will purchase LA Financial Credit Union, giving the combined CU 120,000 members and $1.3 How California Coast Credit Union is Transforming in the Digital Age.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.