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How regulators besides the OCC can help fintechs

Payments Source

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

FDIC 62
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10 Top Banking Podcasts You Should be Listening to

Abrigo

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry.

Community 195
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Fighting Digital with Digital

Independent Banker

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. FDIC-insured deposits largely solve this problem for banks. Core deposits also come at much lower costs.

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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.

Fintech 78
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Finovate Fall 2016 Live Blog – Day 2

William Mills

An App Store for FinTech applications. This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank. Juvo makes it easy for mobile operators to find them. Download: 10 Reasons Why Fintech Startups Fail White Paper. Check back for new updates throughout the day.

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CFPB gives boost to use of alternative data and machine learning

CFPB Monitor

Earlier this year, the House Financial Services Committee established two task forces , one on financial technology and the other on artificial intelligence. Both task forces held their first meetings in June.

Data 60