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The diversity of financial technologies

Chris Skinner

I do adjust the … The post The diversity of financial technologies appeared first on Chris Skinner's blog. I was listening to questions at a meeting this week where one of the audience asked if I needed to adjust what I say on my travels, to suit the culture of different countries. I thought about it for a second, and realised that I don’t. Fintech Grid

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SoFi To Buy Galileo Financial Technologies In $1.2B Deal

PYMNTS

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. Galileo CEO Clay Wilkes said in the announcement, “SoFi has built a very strong diversified financial services company focusing on a full suite of financial services.

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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology.

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FHFA announces Office of Financial Technology

CFPB Monitor

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

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How the cloud is revolutionizing financial technology

ATM Marketplace

By utilizing the cloud, financial institutions can not only reduce infrastructure costs, but they can also acquire products and services much quicker than under traditional circumstances

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AutoRek wins in ‘Payments Innovation’ category at Scottish Financial Technology Awards 2022

Bobsguide

Leading fintech company AutoRek is delighted to have been recognised at the Scottish Financial Technology Awards 2022 , held on Thursday, 6 October, where it won in the ‘Payments Innovation’ category.

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Six Keys to Meaningful Evaluation of New Financial Technology

Strategically Speaking

The events of the last 18 months have reinforced the need for banks and credit unions to evaluate their digital delivery channels and to invest in technologies that will help them move forward. Global IT spending in the banking sector during 2021 is estimated to be nearly $300B.

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The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. Clearly, there’s still a long way for SMEs to go before they fully embrace FinTech – and the latest research on the topic reinforces the notion that small businesses aren’t using technology the way some may have hoped.

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Financial Technology Trends and Focus: Moving Forward into 2021

Strategically Speaking

Happy New Year! This familiar wish resonates now more than ever before. Reflecting back on 2020, the community banking and credit union industries should be proud of how this unprecedented pandemic and resulting economic crisis was managed.

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Financial Technology Company Cross River Raises $100 Million In Funding

PYMNTS

Cross River, a provider of banking services for financial technology companies, has raised about $100 million in a funding round, according to a report by the company. Cross River’s client base includes startups and financial services firms, including Affirm, Best Egg, Upstart and RocketLoans as well as financial technology companies like Coinbase and TransferWise. “We

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Four Emerging Trends Driving Financial Technology Through 2020

Strategically Speaking

The world of financial technologies has bee n experiencing dynamic changes in recent years. Commercial Lending Future Ready Financial Technology

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Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019. Out of 151 responses, 28% or 42 people […].

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OCC’s New Office of Financial Technology Portends Increased Supervisory Activity

CFPB Monitor

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

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Fostering the Financial Technology Infrastructure of Tomorrow

Insights on Business

Imagine a scenario in which opacity and complexity have been removed from the financial services industry. To the untrained eye, the infrastructure of the world’s financial institutions is a snarled web of systems hampered by constraints. We’re inviting our partners to innovate with us and pioneer new solutions that will benefit the financial services industry at large. Try it today: IBM Cloud for Financial Services is available today on IBM Cloud: [link].

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Financial technology needs rules of engagement

Payments Source

Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread. Cryptocurrencies Fintech regulations Fintech Bitcoin Payments

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Financial Technologies in Africa: Driving Much More Than Financial Inclusion

Let's Talk Payments

The rapid transition towards financial inclusion that Sub-Saharan Africa has been seeing in the last decade could not have happened without the successful adoption of mobile money. Financial Inclusion Fintech Innovation Insights Mobile Payments Personal Finance Management Asia Europe insights USHowever, mobile money.

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Edward Jones Partners With SixThirty to Support Financial Technology Startups

Let's Talk Payments

LOUIS, MO – April 18, 2017 – Financial services firm Edward Jones today announced a multi-year partnership with SixThirty, a St. Louis-based venture fund that invests in financial technology (FinTech). Fintech News Edward Jones news SixThirty US

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10 Financial Technology Podcasts: Mortgage, Banking and More

William Mills

Here are some of our favorite financial technology podcasts to help you squeeze a little more professional development into your day

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Tencent Financial Technology launches Tenpay Global brand

The Paypers

Tencent Financial Technology has introduced Tenpay Global, a new international brand for its cross-border payment business with new remittance capabilities to Weixin

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Why Asia Will Dominate the World of Financial Technology

Let's Talk Payments

If there is one region to lead the world into the next generation of financial technology innovation, it is Asia. Despite common belief spread by media coverage that the western. Banking Commerce Data Analysis Fintech Funding hub Innovation Insights Popular Asia Europe insights US

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Visa buys stake in Swedish financial technology company Klarna

Payments Source

is buying a stake in Swedish payments technology firm Klarna AB and forming a strategic partnership, as both companies aim to expand outside their core markets. Visa Inc. Online payments Consumer lending Visa

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Onespan Publishes Top Ten Predictions for 2021 Focused on Financial Technology

Banking Exchange

OneSpan, one of the leaders in Financial Technology, released its 2021 Security and Fintech Predictions The Economy Technology Tech Management Outsourcing/Cloud Mobile Online Cards Branch Technology/ATMs Security Feature3 Fintech Financial Research Feature Financial Trends.

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CADFPI announces hiring of Christina Tetreault to lead Office of Financial Technology and Innovation

CFPB Monitor

The California Department of Financial Protection and Innovation announced earlier this month that it has hired Christina Tetreault to lead the new Office of Financial Technology and Innovation. Tetreault most recently served as Manager of Financial Policy for Consumer Reports.

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How Financial Technology Partners can Help with Customer Acquisition Campaigns

FICO

For many of these smaller players a partnership approach can be beneficial by leveraging resources and solutions made available through a technology partner.

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Financial technology – do we really need to rip up the roads?

BankNXT

The advance of technology doesn't mean everything changes for financial services overnight, or does it? Financial technology – do we really need to rip up the roads? Banking Fintech challenger banks Chris Skinner digital trends financial technology innovation startups technologyChris Skinner explains. on BankNXT.

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Nine William Mills Agency Clients Represented in the 2020 Best Places to Work in Financial Technology List

William Mills

William Mills Agency is thrilled to see so many of our clients represented in Arizent (formerly SourceMedia) and Best Companies Group’s annual 2020 Best Places to Work in Financial Technology list.

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Adam Wright joins CA DFPI’s Office of Financial Technology Innovation; meetings available during weekly office hours

CFPB Monitor

AB-1864, which took effect on January 1, 2021 and significantly expanded the powers of the California Department of Financial Protection and Innovation, required the DFPI to establish a “Financial Technology Innovation Office.”.

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Busting Myths and Facing Facts about Financial Technology Integration

ATM Marketplace

Don’t fall prey to some of the most pervasive myths about technological integration in your bank or credit union. Here’s the cold, hard facts

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MoneyTech 2017 to Bring Together Best Minds in the Financial Technology Sector in Day-Long Conference

Let's Talk Payments

MoneyTech 2017, Asia’s premier Financial Technology Summit, will bring together a gamut of thought leaders in a day-long conference to deliver the deepest discussions about the future of digital finance. Fintech News news

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This week’s podcast episode: Using financial technology to improve consumers’ financial health, a conversation with special guest Leigh Phillips, President and CEO of SaverLife and Chair of the CFPB’s Consumer Advisory Board (CAB)

CFPB Monitor

SaverLife is a national non-profit sponsored by some of the nation’s leading financial institutions that uses financial technology to improve the financial health of low- to-moderate income consumers by incentivizing savings through prizes, rewards, expert resources, and gameplay.

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House Financial Services Committee establishes financial technology and artificial intelligence task forces

CFPB Monitor

Last week, the House Financial Services Committee established two task forces , one on financial technology and the other on artificial intelligence. The “Task Force on Financial Technology” will examine the current legal framework for fintech, how fintech is used in lending, and how consumers engage with fintech. Artificial Intelligence Federal CFS Monitor FinTech artificial intelligence house financial services committee

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This week’s podcast: Do we need a National Financial Technology Commission?

CFPB Monitor

In this podcast, we are joined by Tom Vartanian, who leads the Financial Regulation & Technology Institute of George Mason University Antonin Scalia Law School, to discuss his proposal for the President and Congress to establish a National Financial Technology Commission. Regulatory and Enforcement Technology

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Rethinking the middle office: Solving buy-side challenges with financial technology

Bobsguide

Once considered simply a conduit between the front and back office, the middle office is playing a more active part in the investment process for buy-side firms. New regulatory mandates require support for collateral management, risk reporting and commission unbundling. Expansion into new

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Financial Technology & Security Startups: Join the Ultimate Startup Ecosystem

Let's Talk Payments

Plug and Play Tech Center, the world’s largest global technology accelerator and venture fund, is opening applications for for Plug and Play FinTech’s Fourth Batch. Press Release} SUNNYVALE, CA, May 16, Accelerators Fintech Funding news US

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House Financial Services Task Force on Financial Technology to hold Nov. 21 hearing on the role of big data

CFPB Monitor

The Task Force on Financial Technology of the House Financial Services Committee has scheduled a hearing entitled “ Banking on Your Data: The Role of Big Data in Financial Services ” on November 21, 2019. The Task Force is expected to explore, in part, a legal framework for big technology firms that have entered the financial marketplace. Mr. Don Cardinal, Managing Director, Financial Data Exchange (“FDX”).