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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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Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019.

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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. Navigating the Bank Tech Ecosystems of Today and Tomorrow? Response From The Other Two Big 3 Players.

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Revolut Brings Open Banking To Germany In Deal With TrueLayer

PYMNTS

Earlier this year, the European digital bank had taken on Ireland, France and Italy. In a press release, Revolut said the latest expansion would bring open banking to its users in Germany. Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company.

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Synchrony Acquiring Allegro To Grow Health Financing

PYMNTS

“Throughout its history, Allegro Credit has built a reputation for service excellence and innovation,” CareCredit CEO Beto Casellas said in the announcement. We see an amazing opportunity to amplify our differentiated innovative offerings through Synchrony and CareCredit’s network, reach and scale.

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Charles Potts: Opportunities in the fintech landscape

Independent Banker

A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year. Digital banking solutions remain a primary focus for ICBA, reflected in initiatives such as our renowned ThinkTECH Accelerator program, which we are bringing in-house in 2023.

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NEW DATA: Why 100% Of Mid-Sized FIs Fail To Climb The Innovation Curve

PYMNTS

Mid-sized financial institutions looking to stay competitive could learn a thing or two from both their larger and smaller counterparts. Other key takeaways from the latest Innovation Readiness playbook: The best-performing FIs focus on consumer engagement. gauges where banks are on the road to becoming innovators.