article thumbnail

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.

article thumbnail

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. These levels of revenue and EBITDA multiples have never been seen in the history of core banking platforms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

PayMaya to establish its digital bank

The Paypers

Voyager , through its financial technology arm PayMaya , has obtained the approval of the Monetary Board of the Bangko Sentral Pilipinas (BSP) to establish a digital bank.

article thumbnail

Grab-Singtel Ramps Up Hiring For Singapore Bank; Plans 2022 Launch

PYMNTS

A new Singaporean digital bank formed in a joint venture between Grab Holdings Inc. The new digital bank is coming about after the joint venture won one of two licenses for full digital banks awarded last week (Dec. and Singapore Telecommunications Ltd. 4) by the Monetary Authority of Singapore.

article thumbnail

Embedded Fintech Differentiates Your Digital Experience

Jack Henry

Building financial technology can be an expensive undertaking for a bank or credit union. It’s generally reserved for the largest banks in the U.S. that have entire teams dedicated to R&D and building – rather than buying – custom solutions.

Fintech 88
article thumbnail

Sunway to apply for digital banking licence

The Paypers

Sunway has announced it plans to apply for an online-only banking licence with undisclosed partners to expand its reach in the financial technology sector.