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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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AutoRek wins ‘Best CASS Solution’ Award at Goodacre’s Systems in the City FinTech Awards 2022

Bobsguide

Leading fintech company, AutoRek, is delighted to have been recognised at the Systems in the City Financial Technology Awards 2022 in both the ‘Best CASS Solution’ and ‘Best Wealth Management Solution’ categories and are excited to have achieved the accolade ‘Best CASS Solution’ for the third consecutive year.

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Nav Rolls Out Updated Embedded Financing Tool

PYMNTS

Embedded finance, the release noted, refers to the integration of financial service technologies with other provider solutions. Traditional banking isn't built to serve small businesses, and financial technology is quickly filling that gap,” he said, according to the release.

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Why Not All FinTech Providers Are FinTech Firms

PYMNTS

And sometimes, terms get thrown about interchangeably — when, really, they refer to very different things. Such is the case in financial services, where “ FinTech ” is often used to describe financial technology vendors. “A He also weighed in on the role financial technology vendors have to play in the future. “As

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Banking-as-a-service (BaaS) is seeing a burst of M&A and venture activity. How do these embedded fintech providers stack up?

CB Insights

BaaS providers use application programming interfaces (APIs) to enable banks, fintechs, and companies outside of financial services to offer banking and payment products to end users. BaaS is also referred to as embedded finance or embedded fintech.

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AeroPay Introduces Digital Payment Solutions For Cannabis Businesses

PYMNTS

The company calls its strategy “smart bank transfers,” referring to the way the tech can handle the entire cannabis supply chain from grow ops and suppliers to retailers and drivers. Clients will be able to provide customers with a contactless digital option as well.

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Cryptos, Blockchain Listed Among SEC Priorities In 2020

PYMNTS

In reference to financial technology, the OCIE noted in its 2020 priorities list, too, that alternative sources of data increasingly are being used by the investment industry. (for qualification of share sales), and it was alleged the revenues of the crypto company had been inflated.