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Does your bank need cyber insurance?

Independent Banker

Cyber insurance today is what property insurance was 50 years ago,” notes Gregory Montana, chief risk officer at FIS. For example, some might exclude the payment in a ransomware attack. This not only delays reimbursement for losses, but can also be a drain on internal resources, notes Montana. Insuring against cyber risks.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

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.

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What’s in it for Me? Real Estate Investment Technology

Fintech Labs Insights

In 2014, things changed significantly for these investors; historically if they didn’t have $40,000 for a down payment on an investment property loan or $4 million to spend on commercial property development, they would be out of luck. Interest payment frequency and the term of the loan vary per investment. Cash flow share.