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OCC’s New Office of Financial Technology Portends Increased Supervisory Activity

CFPB Monitor

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. Fiserv had previously been recommending Finxact as the occasional digital bank core alternative to its traditional DNA, Premier, and Cleartouch core platforms.

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Fintech Deals to Watch: Back to School

Gonzobanker

Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here. Digital Engagement Had Great Attendance and Extracurriculars. Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 184
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Why Not All FinTech Providers Are FinTech Firms

PYMNTS

Every industry has its nomenclature. Such is the case in financial services, where “ FinTech ” is often used to describe financial technology vendors. “A FinTech is a term that’s become synonymous with innovative, agile and digital-first financial services companies,” said Thomas.

Fintech 189
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UK Financial Watchdog Says Wirecard Cooperative But Assets To Stay Frozen 

PYMNTS

The report said firms such as Pockit, the London-based financial technology company that offers an alternative to traditional banks, and U Account, the Sheffield, England digital bank, a subsidiary of subprime lender Morses Club PLC that provides finance to poorer clients, are among those hardest hit. authorities.

Taxes 223
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B2B Neobank Qonto Gets $115M In Series C Round

PYMNTS

Qonto launched its corporate digital banking solution in 2017. At the time, the company said that business customers could access its digital and mobile services for a fee. Challenger banks have been an attractive industry for venture capital activity, as firms continue to pop up and try to disrupt the status quo.

Capital 131
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Finastra named a top global provider in IDC FinTech Rankings

Bobsguide

IDC’s prestigious annual ranking highlights the leading companies in financial technology. Vendors on the elite list are recognized based on 2021 calendar year revenues attributed to financial services and fintech industries, and have demonstrated their commitment to their customers and the industry.

Fintech 74