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SMB Banking-as-a-Service Ushers In Bank-FinTech Collaboration

PYMNTS

Small business Banking-as-a-Service rises to the top in this week's roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality. StreetShares.

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China’s Central Bank To More Tightly Control Chinese FinTechs

PYMNTS

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth.

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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades.

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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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AFP ‘Troubled’ Over Corporate Treasurers’ Lack Of FinTech Adoption

PYMNTS

Corporate treasurers have said they’re interested in a slew of cutting-edge FinTech solutions that experts believe will disrupt financial business management. These professionals widely agreed that positive disruption is on the horizon as a result of FinTech.

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Formosa, CoolBitX Partner On Crypto-Asset Treasury Management

PYMNTS

Formosa Financial , a treasury management system for organizations to manage their crypto assets, is collaborating with CoolBitX , a blockchain security company, a press release said on Thursday (Dec. The companies have broader plans for their collaboration beyond the storage and management of crypto assets, however.

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Why ABA Invested in NYDIG: Supporting Banks as They Help Customers Access Cryptocurrency

ABA Community Banking

As more customers engage with cryptocurrency, they are increasingly looking to banks to help them safely hold these assets. The post Why ABA Invested in NYDIG: Supporting Banks as They Help Customers Access Cryptocurrency appeared first on ABA Banking Journal. Banks are responding to this new customer demand.