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10 Takeaways From The OCC Conference On Responsible Innovation

South State Correspondent

last week about responsible innovation. It was essentially a 300+ person discussion around the March white paper the OCC produced ( HERE ). We give the OCC props for organizing this first class workshop that brought lawyers, fintech, banks, community activists, consultants and regulators together to exchange ideas.

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OCC to hold forum on financial innovation

CFPB Monitor

In particular, he indicated that while FinTech companies should not have an advantage in the marketplace over banks because they are not complying with same rules, the CFPB would seek to enforce the laws without stifling innovation. on “Supporting Responsible Innovation in the Federal Banking System.” Registration is free.

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Will Apple Bank be the first new American intech Bank?

Chris Skinner

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and what will be involved. See OCC Issues Responsible Innovation Framework.

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America’s troubled regulatory regime laid bare by the OCC

Chris Skinner

In March, the OCC issued the white paper that described in depth the application process to get a national bank charter, and we all thought it would then go ahead without a hitch. FinTech community on edge As it turned out, the proposal caused a firestorm among numerous FinTech industry stakeholders. Think again.

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

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SMB Growth Stumbles Over Technology

PYMNTS

While there’s been talk of an economic slowdown ahead, and declining optimism among the business community, the latest stats on small businesses (SMBs) are quite positive. ” However, as SMBs drive innovation for the U.S. “Small businesses continue to be big contributors to the U.S. Forty-four percent of U.S.

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Connecting The Dots To A Modernized Payments System

PYMNTS

It takes more than just having the latest technology or an innovative idea to make faster payments work. In its latest white paper, INTERAC outlines the principles as follows: Principle #1: Good funds is the better model. It also helps that the banking community in Canada has a long history of a coopetition model.

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