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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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Hong Kong’s FinTech Strategy

Chris Skinner

It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes. So I was intrigued to see Hong Kong issue their FinTech strategy today.

Strategy 271
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NEW REPORT: How Banks Are Driving API-First Strategies

PYMNTS

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. To read the story, download the latest Tracker. .

Strategy 190
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How Corporates Receive — And Revive — Investment Strategies

PYMNTS

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. However, total investment in these startups — venture capital, in addition to angel, hedge fund and mutual fund investment and more — topped $17.8

Strategy 100
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European fintechs escape troubles afflicting established banks

Bank Innovation

When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. billion in venture capital in the first […]. billion valuation. European fintech companies raised $3.3

Fintech 170
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ACI Worldwide, Mastercard Join Together To Ramp Up Real-Time Payments

PYMNTS

With more countries and regions embarking on the modernization of their payments systems to capitalize on real-time technologies and customer demand, the market opportunity is significant,” said Paul Stoddart , Mastercard president of new payment platforms.

Payments 248
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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”. Brex also announced Katie Biber has been named chief legal officer.

FDIC 166