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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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Hong Kong’s FinTech Strategy

Chris Skinner

So I was intrigued to see Hong Kong issue their FinTech strategy today. Here’s the summary: Financial Technology, more commonly referred to as FinTech, looks set to reshape the financial sector in the coming years and present Hong Kong with both challenges and opportunities.

Strategy 271
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Evaluating New Tech Investments – Let the Purpose Define Your Strategy

Jack Henry

Investments in financial technology have been increasing for years, but the events of the last 18 months have created a new sense of urgency for community banks and credit unions to fine-tune their digital strategies across the spectrum of various fintech investments.

Strategy 148
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5 ways AI and automation can boost fairness in small business lending

BankInovation

With new research finding racial disparities in small business lending, one fintech is examining how artificial intelligence (AI) and automation can help improve fairness and reduce inefficiency that may be present in traditional lending processes.

Lending 97
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Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

An alternative lending conglomerate based in the U.K. Oxygen Finance acquired Satago last year in a deal Ben Jackson, Oxygen CEO, said would enable the companies to “be well-positioned to lead the market in delivering modern, integrated payment and receivable strategies for large buying organizations and their suppliers, SMEs included.”.

Lending 122
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NEW REPORT: How Banks Are Driving API-First Strategies

PYMNTS

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Traditional banks are seeing new FinTech players become more competitive on several fronts, including lending.

Strategy 190
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Why Micro-Lending Is Branching Out In 2018

PYMNTS

Financial technology seems to be leading the startup charge, representing 40 percent of the largest 10 deals of the year so far, collectively worth $100 million. What Branch does have, however, is some direct experience in the world of micro-lending. So why the boom? In addition, Branch does not charge overdraft fees.

Lending 100