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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. The company has a few niche U.S. Before the dust settled, SoFi announced the acquisition of Technisys for a mongo $1.1 outsourcer variety.

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Ant’s IPO Journey Faces Regulatory Hill – Is Lending In Crosshairs?

PYMNTS

In language from the Shanghai exchange translated from the Mandarin by CNBC and sent to Ant, the exchange noted, “Your company has also reported significant issues such as the changes in financial technology regulatory environment. That oversight will extend to companies like Ant Group.

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Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

An alternative lending conglomerate based in the U.K. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. just secured more than $97 million through an initial public offering. reports noted.

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The Financial Technologies SMEs Aren’t Using

PYMNTS

sought external financing in 2016 , suggesting these firms simply aren’t interested in lending technologies or accessing, for instance, a loan from an alternative finance provider. 24 percent of SMEs don’t use social media for their businesses , found the latest analysis from B2B ratings and reviews company Clutch.

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Joint Guidance Provided to Banks to Manage Risks Associated With Third-Party Relationships

Perficient

The bank holding company and Federal Reserve member legal entities fall under the Federal Reserve as its primary federal regulator. Such regulations include consumer protection (such as fair lending laws and prohibitions against unfair, deceptive, or abusive practices) and those addressing financial crimes including money laundering.

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The Impact of Technology on Banking: Revolution or Evolution?

Bank Innovation

All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. Industry-leading operators, as well as ambitious startups in the banking scene, […].

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China’s Ant Group Mulling Creation Of New Consumer Loan Unit

PYMNTS

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. China TransInfo Technology Corp.

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