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Federal banking agencies issue guide for community banks on conducting due diligence on fintech companies

CFPB Monitor

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Banks are instructed to reference relevant guidance from the agencies that is listed in a footnote.

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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

“This will also allow us to share experiences and information related to FinTech … and reap the benefits of the new innovation in financial technology, enhance payment systems and promote financial inclusion,” said National Bank of Singapore Deputy Governor Neav Chanthana of the partnership.

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Democratic Congressman Bill Foster seeks chairmanship of House Financial Services Committee Fintech taskforce

CFPB Monitor

Democratic Congressman Bill Foster, who represents the 11th District of Illinois, has sent a letter to Maxine Waters, Democratic Chairwoman of the House Financial Services Committee, to express his “strong interest in serving as the Chair of the Taskforce on Financial Technology and Innovation that will be convened in the coming weeks.”

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Fall In! FinovateFall 2015 Presenting Companies Revealed

Fintech Labs Insights

is an enterprise software company selling private, enterprise blockchains for financial services and other enterprises. Buzz Points partners with community banks and credit unions to reward consumers for buying local and banking local. Blockstack.io Dynamics, Inc. Serviced out of offices in Europe, Asia, and the Americas.

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