PYMNTS

NOVEMBER 1, 2018

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. The subject? Trust in Banks.

Fintech 191

Fintech UX Mobile FDIC 191

PYMNTS

OCTOBER 22, 2019

announced that it is partnering with Evolve Bank & Trust , an FDIC-insured financial services organization, to offer a full suite of customizable credit, debit, prepaid and DDA products. Founded in 1925, Evolve Bank & Trust operates retail branches throughout the mid-south and mortgage production offices nationwide.

Fintech 100

Fintech FDIC ATM Cards 100

PYMNTS

JULY 24, 2019

“If you look at where the big banks and brokerages make most of their money, it’s in their retail savings accounts.”. Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter. Betterment is among several FinTech startups that have launched deposit account products. .

Fintech 162

Fintech FDIC National Online 162

Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

San Francisco 186

San Francisco Fintech Innovation Security 186

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. But, as SoFi and now Square have demonstrated, the interest is there, and the FinTechs aren’t going away.

Industry 108

Industry Fintech FDIC Community Bank 108

Abrigo

FEBRUARY 12, 2020

“Macy’s closing 125 stores signals ‘more pain’ for retailers,” ABC News reported Feb. Retailers like Pier 1, Papyrus and Express are closing 1,000 stores. That’s just the beginning,” warned the Chicago Tribune less than a week earlier. CRE a top focus for many bankers. Assess and act on creditworthy CRE borrowers quickly. Learn more.

Lending 195

Lending Trends FDIC Survey 195

PYMNTS

MARCH 19, 2020

FDIC Approves Square for Banking License. The Federal Deposit Insurance Corporation (FDIC) granted Square a banking license to operate a de novo industrial bank in Salt Lake City. Square Financial Services will originate commercial loans to the retailers that use Square for payments. It will keep its drive-through windows open.

FDIC 130

FDIC Utah Payments Mobile 130

CFPB Monitor

NOVEMBER 22, 2022

The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

BankInovation

JULY 17, 2020

Fintechs looking to expand beyond their Bay Area or New York City headquarters have welcomed an unlikely visitor in recent years: Utah Gov. Gary Herbert. “The The governor is a great salesperson,” said Val Hale, executive director for the Utah Governor’s Office of Economic Development.

Utah 83

Utah New York City Fintech California 83

Payments Source

FEBRUARY 12, 2019

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

FDIC 67

FDIC Retail Fintech Lending 67

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

Celent Banking

NOVEMBER 17, 2015

In the US, small business customers get bounced around like Goldilocks—they are too small to be of interest to commercial relationship managers and too complex to be easily understood by retail branch staff. The lack of “just right” solutions for many small business financial problems has been a golden opportunity for FinTech firms.

Report 100

Report FDIC Lending Fintech 100

PYMNTS

JULY 14, 2020

Silicon Valley FinTech Affirm is also a regular in the top 5 this year. percent annual percentage yield (APY), an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,’” a statement said. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

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

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. FinTech customers have no idea they are exposing themselves to identity and financial risk. Illustration by Getty images / Chris Ede. By Kelly Pike. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

OCTOBER 29, 2018

Census Bureau still wants us to believe that 90 percent of retail sales still happen in the physical store. Alexa and Amazon have the majority share of that market and the wind at its back, as it strives to make Alexa that helpful, indispensable assistant across many financial, retail and payments experiences.

Payments 196

Payments Google Apple Innovation 196

CFPB Monitor

OCTOBER 13, 2020

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

Lending 60

Lending Colorado FDIC National 60

CFPB Monitor

JULY 1, 2019

Early last month, Democratic Senators Elizabeth Warren and Doug Jones sent a letter to the CFPB, Federal Reserve, OCC, and FDIC expressing concern that fintech and traditional lenders using algorithms in their underwriting processes may be engaging in unlawful discrimination.

Analytics 84

Analytics FDIC Data California 84

CFPB Monitor

OCTOBER 29, 2020

The final rule provides a bright line test for determining when a bank is the lender for loans made with substantial assistance from a fintech or other non-bank company and/or when the fintech or non-bank company acquired all or a predominant economic interest in the loan.

National 60

National Lending Exercises FDIC 60

Celent Banking

DECEMBER 13, 2016

The FDIC expresses best the sentiment of worldwide regulators: “A bank’s use of third parties does not relinquish responsibility… but holds it to the same extent as if the activity were handled within the institution." " www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

Fintech Labs Insights

MAY 24, 2021

Security features (account freeze, real-time transaction notifications, FDIC insured). Can deposit cash via GreenDot’s “@ the Register” (retailer typically charges up to $4.95 Fintech Winners: Watch 6 Finovate “Best of Show” Startups from 2021. Business debit card with free withdrawals. in Apple store, 4.5

Taxes 15

Taxes United States FDIC ATM 15

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. So, when the community bank’s leadership learned of a fintech that needed a bank partner to launch a credit-building tech product, they were intrigued. By Ed Avis. Methodology. One of the missions of Lead Bank in Lee’s Summit, Mo.,

Community Bank 172

Community Bank Community National Philadelphia 172

Fintech Labs Insights

MAY 24, 2021

Security features (account freeze, real-time transaction notifications, FDIC insured). Can deposit cash via GreenDot’s “@ the Register” (retailer typically charges up to $4.95 Related: Watch 12 Fintech Startups Pitch at Startupbootcamp Amsterdam Demo Day (May 2021 update)). Business debit card with free withdrawals. Top 12 U.S.

Taxes 15

Taxes United States FDIC ATM 15

Gonzobanker

FEBRUARY 7, 2018

Jim McAlpin from Bryan Cave LLP noted that the bulk of regulatory relief would come through a more rational examination process from the Fed, OCC and FDIC – clearly welcome news for those who fell victim to armies of examiners in conference rooms over the past decade. #2: 2: The Bulls. Commercial Real Estate. Sadly, the silence was deafening.

Taxes 76

Taxes Video Analytics Arkansas 76

CB Insights

DECEMBER 4, 2019

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech.

Cards 101

Cards Lending Strategy US 101

Fintech Labs Insights

MAY 8, 2015

Accounts will be dollar-denominated and FDIC-insured. ” Founded in 2012 and headquartered in New York, itBit provides a platform for both institutional and retail traders and investors to buy and sell bitcoin. .” Senator Bill Bradley, and former FASB Chair Robert H.Herz.

New York 12

New York San Jose FDIC Bitcoin 12

Fintech Labs Insights

JULY 9, 2015

Board members—Senator Bill Bradley, former FDIC Chairman Sheila Bair and former FASB Chairman Robert Herz. Accommodates both retail and institutional traders. It also offers tax documentation and FDIC insurance for U.S. . $30 million in funding. Headquartered in New York City. Thousands of users across the globe.

Bitcoin 12

Bitcoin Regulation New York FDIC 12

Fintech Labs Insights

APRIL 17, 2017

Earlier this year, we examined the breakdown of proptech and where its four separate divisions fit into fintech. The company focuses on commercial, retail, and multifamily properties in all major U.S. Recently, however, we seen successful startups looking to lower the barrier to entry for novice real estate investors.

Technology 19

Technology Montana Company Management 19

William Mills

SEPTEMBER 9, 2016

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. Many years later (before the great recession) we had the opportunity to represent Econiq and I’ve always been impressed by their vision for retail banking. Very nice UI.

social media 40

social media ATM Mobile Customer Experience 40