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Bottomline CEO: How FinTech Gets Creative To Extend Coronavirus Relief

PYMNTS

While some firms are adjusting the assembly lines of their manufacturing warehouses to produce much needed personal protective equipment, FinTechs have found themselves in a different position to provide valuable assistance. How are they going to receive loan documentation? Easing The PPP Loan Burden. By fax or paper?

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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder

PYMNTS

OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. OneConnect is the financial arm for Ping An Insurance, the largest insurer in China.

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Why P2P Could Soon Play A Leading Role In Middle East FinTech

PYMNTS

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. But that’s not all. “We

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UK Financial Watchdog Says Wirecard Cooperative But Assets To Stay Frozen 

PYMNTS

A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported. Wirecard said over the weekend it would continue to operate in all but one of its European locations as the court considers the company’s insolvency request.

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Treasury report on bank/fintech relationships includes recommendations for CFPB supervision of non-bank installment lenders and data aggregators

CFPB Monitor

That Order directed the Secretary of the Treasury to issue a report assessing how the entry of large technology firms and other non-banks into consumer finance markets has affected competition.

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Digital Currency Eyes Wholesale — Not Retail — Payments Down Under

PYMNTS

The document states that the RBA (and its Innovation Lab) has been focusing on the digital dollar being used as way to facilitate payments between banks as they settle balances and conduct wholesale activities between themselves. Consider the fact that, as the paper noted, there seems to be uncertainty about demand for a CBDC.

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State Bank Regulators Launch Single-Exam Plan for Multistate Money Transmitters in wake of OCC’s Payments Charter Proposal

CFPB Monitor

The CSBS announcement explains that each exam will be led by one state overseeing a group of examiners sourced from across the country, and posits “…this exam protocol will enable states to fine tune a risk-based approach to each company’s operations.”