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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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It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. Executives routinely compare conversions to heart surgery, and the pain threshold must be high for banks to spend precious resources on a technology change-out.

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William Mills Agency Issues Bankers as Buyers Report Which Explores Technology Decisions and Forces Impacting Innovation in 2018

William Mills

William Mills Agency, the largest independent public relations and content marketing firm specializing in the financial industry, released its 15th annual financial services industry report, Bankers As Buyers 2018 today. The report includes industry research about what technology, solutions and services U.S. Compliance.

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Canadian Fintech Market Map

CB Insights

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. For example, Flinks (disclosed equity funding of US $1.72M) is a financial data aggregator, providing APIs to enable fintech companies to connect with their users’ financial data.

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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

Incentive & rewards systems for financial institutions. Payments technology. Bridge Financial Technology. Back-office platform for financial advisors . Financial & time management service for freelancers. Source: Crunchbase. Bridge2Solutions. Latest round: $35 million Series A. Source: Crunchbase.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

If you have a large retail investor base, and no resources to interact with them, then perhaps there some value? ^SR. Helps with mobile onboarding and anti-money laundering compliance. ^SR. We are the global leaders in identity solutions while protecting FI’s and providers from compliance and fraud.” Alec Roth (Sales).

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FinovateSpring 2016 Live Blog – Day 1

William Mills

There is a growing focus on customer experience and related compliance issues. The idea is to popularize the kind of resources that only pro investors have had access to. This product can be offered as white-label, with the look and feel of your financial institution. This is car-title lending updated by fintech. ^SR