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FHFA announces Office of Financial Technology

CFPB Monitor

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. It also solicits feedback on how to maximize stakeholder engagement.

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Finastra named a top global provider in IDC FinTech Rankings

Bobsguide

IDC’s prestigious annual ranking highlights the leading companies in financial technology. Vendors on the elite list are recognized based on 2021 calendar year revenues attributed to financial services and fintech industries, and have demonstrated their commitment to their customers and the industry. “The

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Mindtree and Finastra Partner to Deliver Managed Services Payments Solutions in the Nordics, the UK and Ireland

Bobsguide

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

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Credit Unions Jump On The FI-FinTech Collaboration Train

PYMNTS

However, Trevor Dryer, co-founder and recently former CEO of small business lending technology firm Mirador , said that unlike large banks, credit unions often offer a more localized and personalized approach to servicing their small businesses. That is significantly greater than the 26.8 percent — during the month).

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Small Firms Demand Higher Speed, Lower Costs In Global Payments

PYMNTS

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). Only a few years ago, small businesses lagged in global payments technology uptake. The launch for SMBs certainly reflects the game of catch-up that firms often play, following consumers’ payment and technology adoption habits.

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Vyze Doubled Its Financing Volume Last Year

PYMNTS

Vyze, a cloud-based financial technology company for retailers and manufacturers, announced Wednesday (Jan. 25) that it continues to grow its financing platform that provides consumers with access to capital. In a press release , Vyze said that, as of Jan.

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5 ways AI can improve customer service

Independent Banker

Then, by monitoring AI as it works, banks can see where their customersexperience can improve. There’s incredible value in banks’ data, and they aren’t optimizing it either because of a lack of technology or it’s locked in the core. Here are common issues customers experience that AI could improve. “My