PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

Regulation 349

Regulation National System Industry 349

Abrigo

MAY 5, 2022

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. keep me informed.

Community 195

Community Lending Maine Resources 195

ABA Community Banking

NOVEMBER 20, 2019

Regulators need to understand the pressures that banks face to innovate and support those efforts, FDIC Chairman Jelena McWilliams said today. The post McWilliams: Regulators Need to Support Bank Innovation Efforts appeared first on ABA Banking Journal.

Regulation 45

Regulation Innovation FDIC Community Bank 45

PYMNTS

MARCH 7, 2017

Aiming to back and support FinTech startups focused on the underserved, Accion International and VC Quona Capital raised $141 million in funding. According to a report , the funding came from multiple institutional investors in support of FinTech startups that focus on those who are shutout of traditional banking systems around the globe.

FDIC 100

FDIC Capital Fintech Analytics 100

CFPB Monitor

OCTOBER 10, 2016

titled: “ How to make fintech work for all Americans.” ” Speakers include industry representatives and an FDIC representative. ” Among the questions to be addressed are whether “regulation and policy inhibit innovation and skew benefits toward the well-to-do.”

Fintech 60

Fintech FDIC Policies Washington 60

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

National 215

National blockchain Montana Lending 215

Fintech Labs Insights

JUNE 23, 2023

Rewind to 2019 and there were more than 50 fintech/insurtech accelerators. And only 7 of those are fintech market specialists. Here is our curated list of accelerators actively looking for fintech startups. Ranked more or less by their total portfolio of fintech graduates.

San Francisco 15

San Francisco Fintech Charlotte CA 15

CFPB Monitor

JULY 14, 2022

The California Department of Financial Protection and Innovation (DFPI) has filed its opposition to Opportunity Financial, LLC’s (OppFi) Demurrer to the DFPI’s cross-complaint.

California 78

California Innovation Utah Texas 78

ABA Community Banking

JANUARY 31, 2022

The outgoing FDIC chairman discusses bank innovation, FDITech, post-COVID exams and the agency's COVID response in part one of this interview. The post Podcast: Exit Interview with Jelena McWilliams, Part 1 appeared first on ABA Banking Journal.

FDIC 52

FDIC Innovation Taxes Community Bank 52

CB Insights

JUNE 22, 2018

Former chair of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair spoke at length on cryptocurrencies and the prospect of a “Fedcoin” at the annual CB Insights Future of Fintech conference. FUTURE OF FINTECH 2018. Is a new cryptocurrency underway? Get access to all the slides once the conference ends.

cryptocurrency 32

cryptocurrency FDIC Policies Conference 32

Gonzobanker

FEBRUARY 1, 2024

The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” Joint presentations between bankers and fintechs abounded, showcasing collaborative initiatives. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

Independent Banker

MARCH 31, 2022

based banks, fintechs and more, sits on top of a payments rail operated by Payrailz, a digital payments company based in Glastonbury, Conn. For a community bank to be innovative means you need to make big bets with your depositors’ capital—and that’s something we take very seriously,” Thurlow says. “By The whole package.

Community Bank 91

Community Bank Community Payments Meeting 91

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. Thus, said the agencies, banks should eye technology, and should endeavor to “consider, evaluate, and where appropriate, responsibly implement innovative approaches in this area.”

Compliance 148

Compliance Innovation FDIC Examples 148

PYMNTS

AUGUST 4, 2020

When the story of the coronavirus is written, when it comes to financial services, the key chapters will focus on the pace at which innovation accelerated — and where a range of players came together to create ecosystems, rather than to simply compete in zero-sum, winner-take-all bids for consumers.

Google 298

Google Digital Banking Course Branding 298

American Banker

JANUARY 27, 2020

An outside paper identifies the statutes, regulations and other bureaucratic realities complicating the banking agencies’ efforts to oversee and benefit from rapidly changing technology.

Regulation 94

Regulation Policies Fintech Technology 94

ABA Community Banking

OCTOBER 1, 2019

Highlighting consumer demand for seamless digital delivery of financial services, FDIC Chairman Jelena McWilliams today emphasized the role of core banking technology companies in facilitating digital transformation. The post McWilliams: Core Processors ‘Must Evolve’ appeared first on ABA Banking Journal.

FDIC 45

FDIC Technology Company Big Data 45

PYMNTS

AUGUST 17, 2017

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). For traditional banks, the largest impact of mobile and digital technology has been how it has shifted consumer expectations. “As

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. By Kelly Pike.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

OCTOBER 29, 2018

The day after Halloween marks the 60-day sprint to the end of the year – a year in which the pace of innovation has accelerated materially. The shifts associated with that innovation are beginning to take root, and those impacts are beginning to be felt. million such pieces. Google … and Ad-Supported Search .

Payments 196

Payments Google Apple Innovation 196

American Banker

JUNE 30, 2020

The so-called tech sprint involving 20 companies from across the country is intended to help improve the efficiency of banks' quarterly data submissions to the regulators.

FDIC 35

FDIC Report Regulation Data 35

Insights on Business

MARCH 5, 2019

Several companies have begun applying innovative technologies like artificial intelligence, machine learning and robotic process automation to AML activities and the initial results are very promising. The first part, where appropriate , is about picking the right use cases for application of the technology. What does this mean?

Regulation 70

Regulation Compliance Analysis Innovation 70

CFPB Monitor

SEPTEMBER 9, 2020

Our letter draws on Ballard Spahr’s two-plus decades of experience in representing banks and savings associations (“Banks”) in establishing lending programs (“Bank-Agent Programs”) where a Bank obtains substantial assistance from a fintech or other non-Bank company (an “Agent”) to offer Bank loans to consumers or small businesses.

FDIC 78

FDIC National South Dakota Lending 78

CFPB Monitor

MAY 19, 2022

OppFi’s complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans).

California 78

California Utah United States FDIC 78

Jeff For Banks

MARCH 3, 2018

That's what I thought about while reading a recent Financial Brand post about Innovation in Banking: Killer Ideas? More talk about fintech, dinosaur bankers, and flavors of the month. When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. or Idea Killers? Was I, gulp, a futurist?

Apple 65

Apple Millennials Massachusetts FDIC 65

Fintech Labs Insights

MAY 2, 2023

These are the largest events in the financial services industry geared towards banking technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart banktech and fintech firms. Event Spotlight Tech meets finance in San Francisco 60+ demos. 100+ speakers.

Las Vegas 12

Las Vegas San Francisco San Diego Conference 12

CFPB Monitor

AUGUST 7, 2020

a wholly-owned subsidiary of fintech Varo Money, Inc. The approved application is for a full-service charter, not the OCC’s controversial FinTech charter that is currently the subject of ongoing litigation. team — the first consumer fintech to receive a national bank charter. The water’s fine!”. Varo Bank, N.A.’s

Fintech 78

Fintech FDIC Utah National 78

CFPB Monitor

NOVEMBER 22, 2022

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. The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

NCR

NOVEMBER 15, 2016

Aware of the disruptive changes in how banking products and services are delivered, community banks continue adopting new technologies to keep up with competition and customers’ demand. US community banks have entered a tough race, with large banks and fintechs setting standards for mobile banking. A way to outcompete?

Community Bank 40

Community Bank Community Mobile Rhode Island 40

Fintech Labs Insights

JULY 19, 2016

Leveraging forms automation and management technology from Laser App Software, advisors will be able use their own CRM systems to “pre-onboard” clients to the Max platform. ” MaxMyInterest’s intelligent cash management platform helps savers earn higher yields while maintaining FDIC protection.

FDIC 12

FDIC New York System Software 12

CFPB Monitor

APRIL 19, 2022

OppFi’s complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans).

California 78

California Innovation Utah United States 78

Independent Banker

APRIL 30, 2022

Whether it’s products and services, technology strategies or employee benefits, independent community banks decide on their own terms what’s best for their business and their customers. Dempster says his bank does have the technology to handle mortgage transactions virtually, and some customers prefer that. A: Technology.

Community Bank 172

Community Bank Community Montana Taxes 172

CFPB Monitor

OCTOBER 18, 2022

In remarks at the DC Fintech Week conference on October 11, 2022 and in a keynote address later the same day at a roundtable conducted by the Harvard Law School Program on International Financial Systems, Acting Comptroller of the Currency Michael J. Promises of innovation and inclusion often mask crypto’s promotion of a gold rush vibe…”.

Regulation 78

Regulation FDIC DC System 78

William Mills

SEPTEMBER 9, 2016

An App Store for FinTech applications. From their web site: Based in San Francisco, MarketX was founded by a group of experienced professionals from finance, legal, and technology backgrounds. Auto-financing is ripe for innovation. 10:50 am Moonraft Innovation Labs – [link] – @moonraft. I need to learn more.

social media 40

social media ATM Mobile Customer Experience 40

CFPB Monitor

FEBRUARY 12, 2024

On February 2, 2024, three Republican members of the House Financial Services Committee sent a letter to Federal Deposit Insurance Corporation (“FDIC”) Chair Martin Gruenberg expressing concern regarding what the congressmen perceive to be the FDIC’s attempts to reduce engagement with industry participants on financial technology and innovation.

Innovation 78

Innovation FDIC Regulation Financial Technology 78

American Banker

FEBRUARY 5, 2024

Republican legislators and the American Fintech Council expressed worries recently over how the FDIC has managed its innovation efforts, highlighting the significant changes to an office established to head those efforts.

FDIC 41

FDIC Innovation Fintech Groups 41

CFPB Monitor

FEBRUARY 3, 2020

The leadership and priorities of the CFPB, OCC, FDIC, and FTC have changed under the Trump Administration. The second panel will feature OCC and FDIC representatives. I am again co-chairing the event, as I have for the past 24 years. I will co-moderate both. The first panel will feature a discussion among CFPB and FTC representatives.

New York City 78

New York City San Francisco FDIC Chicago 78

CFPB Monitor

NOVEMBER 9, 2020

At the same time, the improved economy prior to COVID-19, the deregulatory environment at the federal level, and the increase in technological innovation has resulted in new entrants into the consumer financial services industry and the offering of new products by existing industry players.

FDIC 78

FDIC Regulation Leadership Data 78