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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. In the introduction to the RFI, the FHFA noted President Biden’s March 2022 executive order.

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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.

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Bitcoin Daily: Bitcoin Rises After Recent Crash; IRS Delivers New Rules For Crypto Investors

PYMNTS

As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. percent rate.

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Fintech to facilitate inclusive financial system in China, say experts

Urs Bolt

Fintech to facilitate inclusive financial system establishment in China, say experts. Leveraged by tremendous customer data, Chinese Fintech companies have an edge over their Western counterparts in innovation applications.”. China could improve its regulatory technologies. Compliance. Cryptocurrencies.

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The Periodic Table of Tech In Canada

CB Insights

The periodic table includes Canada’s only current unicorn company, the social messaging platform Kik Interactive , which launched its own Ethereum-based cryptocurrency in 2017. AR/VR : Augmented/Virtual reality companies include AdHawk Microsystems , which creates eye-tracking technology to solve problems faced by AR/VR manufacturers.

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37 Corporate Innovation Labs In Finance

CB Insights

With recent advances in blockchain, cryptocurrency, contactless payments, and more, finance is primed for disruption. As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs.

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The 2022 GonzoBanker Awards

Gonzobanker

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Let’s see how this new scale allows for big investments in future innovation. His passion for innovation, community, culture, and clients provides a leadership template for all future GonzoBankers. The Smarter Bank Technology Award.

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