CFPB Monitor

AUGUST 1, 2022

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.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

Jack Henry

JANUARY 10, 2020

The last 10 years have seen the beginning of a technological renaissance in many areas of the industry, affecting the way that both consumers and businesses interact with financial institutions.

Technology 78

Technology User Experience Risk Management Resources 78

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S.

Community 195

Community Lending Maine Resources 195

Gonzobanker

FEBRUARY 23, 2022

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. The winners in BaaS will be outstanding risk managers – not risk eliminators.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. For example, Flinks (disclosed equity funding of US $1.72M) is a financial data aggregator, providing APIs to enable fintech companies to connect with their users’ financial data.

Fintech 93

Fintech Marketing US Technology 93

Gonzobanker

DECEMBER 14, 2023

The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. Last time we checked the Fed’s role was to protect and ensure the safety and soundness of financial institutions. The Monty Python “Biggus Dickus” Award – goes to Sen.

Fintech 195

Fintech Community Regional Technology 195

William Mills

MAY 9, 2018

A TON of really old technology is being used in mortgage lending. In fact, Fiserv recently sold ALL of their mortgage technology to a PE firm. Synapse Financial Technologies, [link] @synapsefi. Today, they understand why something is important and what action to take using company resources. ^WM.

Security 40

Security Samsung Strategy San Jose 40