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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.

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Ripple Closes $55 Million Venture Capital Round

PYMNTS

“Our mission is to make cross-border payments truly efficient for banks and their customers and, in doing so, lay the foundation for an Internet of Value, where the world moves money as easily as information,” said Ripple CEO and Cofounder Chris Larsen in the press release.

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Brussels To Investigate German Regulator Over Wirecard

PYMNTS

Valdis Dombrovskis , the European Union’s (EU) executive vice-president in charge of financial services policy, said Wirecard’s collapse threatens investor trust in the EU, the newspaper reported. This is certainly something that requires investigation,” Dombrovskis said. “As

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The legacy clock is ticking

Chris Skinner

Chris has been voted one of the most influential people in banking by The Financial Brand. He is also one of the Top 5 most influential people on BankInfoSecurity’s list of information security leaders, as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal.

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Equifax Buys Commercial Credit Data Company Ansonia

PYMNTS

Equifax , the Atlanta-based financial technology company, has purchased Ansonia Credit Data , a commercial credit data firm. Equifax said the addition of Ansonia’s data will complement its commercial databases of SMB loans, leases and credit lines including the Equifax Commercial Financial Network (CFN) and PayNet database.

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Ant Financial Launches Banking As A Service Platform

PYMNTS

Ant Financial Services Group and Jiangsu-based Hoperun Information Technology announced Wednesday (March 7) a new banking product aimed at financial institutions. bPass enables financial firms to tap Ant’s product management, asset management capital verification and full-link pressure test.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Amid that growth, many of those lenders stated they have been using alternative data in tandem with what might be termed “traditional” information as they make credit decisions. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

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