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FinTech Startups Defining the New York FinTech Industry

Let's Talk Payments

New York is one of the hottest FinTech hubs globally and is known to be a notable hub of innovation. For talented entrepreneurs looking to explore New York as the.

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Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

Payroll card provider Global Cash Card has reportedly lost its legal battle against the New York Department of Labor, which had imposed regulations on payroll card companies in an effort to protect employees against unfair fees. ADP Eyes Payroll Card Adoption Jump. Galileo Launches Contractor Pay Card. In a collaboration with U.K.

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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.

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Japan’s Mizuho Launching FinTech Venture

PYMNTS

Earlier this month, Goldman Sachs issued a report in which it said Brazil is seeing a boom in FinTech companies, which will chip away at the traditional financial players in the country’s dominance. Payments, lending and personal finance are three promising segments, as is insurance, Goldman Sachs said in the report.

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More on Comptroller Curry’s remarks at LendIt USA conference

CFPB Monitor

In a recent blog post , Alan Kaplinsky and Scott Pearson wrote about the remarks made by CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry at the LendIt USA conference in New York City earlier this month.