PYMNTS

MAY 30, 2018

And at the same time, if you overregulate, you sort of tamp down that creativity and you discourage the innovation.”. While the Dodd-Frank Act allows the CFPB to implement ways to foster innovation, the agency’s efforts have largely been seen as inadequate. But the U.S.

Fintech 116

Fintech Arizona Illinois Bitcoin 116

Payments Source

MAY 3, 2018

Although there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

Fintech 70

Fintech Regulation Financial Technology Innovation 70

CB Insights

JULY 16, 2017

XL Innovate. HCS went through a major management shakeup in November 2016 when former AIG head of commercial insurance strategy and innovation Greg Wolyniec joined as president and CEO, while AIG president of liability and financial lines Alexander Baugh was named chairman of HCS’ board of directors. Allianz Ventures.

Strategy 28

Strategy Marketing Analytics Innovation 28

Independent Banker

OCTOBER 29, 2014

Meanwhile, a number of other financial technology firms received major funding and rolled out new alliances and products. Reducing technology costs and local market savvy can enable community banks to become equal competitors in the mobile and digital footrace, but they’ll need to begin taking steps soon and planning strategically.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

NOVEMBER 29, 2016

There is neither a shortage of controversial topics in financial services or financial technology nor a shortage of subjects that tend to polarize people. The Problem With PayDay Lending . In any event, the credit union industry is small. The scale isn’t there.”.

Lending 100

Lending Regulation Groups Innovation 100

CFPB Monitor

FEBRUARY 12, 2019

Democratic Congressman Bill Foster, who represents the 11th District of Illinois, has sent a letter to Maxine Waters, Democratic Chairwoman of the House Financial Services Committee, to express his “strong interest in serving as the Chair of the Taskforce on Financial Technology and Innovation that will be convened in the coming weeks.”

Fintech 68

Fintech Illinois Community Financial Technology 68

CFPB Monitor

DECEMBER 12, 2016

The announcement by the Office of Comptroller of Currency that it will allow financial technology (fintech) companies to apply for national bank charters as way of fostering “responsible innovation” has already drawn fire from the New York Department of Financial Services (DFS) and the Conference of State Bank Supervisors (CSBS). .

Innovation 60

Innovation New York Illinois Regulation 60