Abrigo

NOVEMBER 12, 2016

In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path. Many community banks and credit unions are turning to small business loans as a source of loan growth.

Lending 186

Lending Community Bank Community Analysis 186

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Paul Watkins, recently named by CFPB Acting Director Mulvaney to serve as Director of the Bureau’s Office of Innovation , was also a speaker at the summit. Office, participated in a panel on data, privacy, and fraud prevention policy.

Policies 60

Policies Lending Data Online 60

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry.

Community 195

Community Lending Maine Resources 195

PYMNTS

SEPTEMBER 25, 2017

The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks. A key driver of that growth is favorable government policies, researchers said, with regulators around the world exploring how to ensure borrower protections without stifling innovation.

Lending 100

Lending Regional Analysis Survey 100

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. author of the report and Florida Atlantic University’s Kaye Family Endowed Professor in Finance.

Lending 116

Lending Florida Report Community Bank 116

CFPB Monitor

AUGUST 9, 2016

While the CFPB has indicated it will be monitoring FinTech innovations, it has not yet held a public event devoted to FinTech or financial innovation. on December 2, 2016. ” Attendance at the conference is by invitation only. The conference’s organizing committee will select papers for presentation.

Conference 60

Conference Innovation Lending Policies 60

PYMNTS

APRIL 30, 2018

Honesty is the best policy. And one that should be every innovator’s anthem: “ Well done is better than well said.”. Marketplace lending. Three things that today seem more like talk than truly transformative innovations. Then, there are the claims being made by innovators about its potential. Marketplace Lending.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 195

Lending St. Louis Community Marketing 195

PYMNTS

NOVEMBER 17, 2016

The FinTech industry is changing quickly, and the European Commission knows it. By creating a financial technology task force, the Commission said it is responding to the effects of digital innovations changing the banking industry. But we need to monitor changes closely to keep our existing rules fit for purpose.” ”

Fintech 100

Fintech Innovation Policies Industry 100

CFPB Monitor

APRIL 22, 2019

This Wednesday April 24th, the Federal Deposit Insurance Corporation and Duke University’s Fuqua School of Business and Innovation and Entrepreneurship Initiative will host a conference titled “ Fintech and the Future of Banking ” in Arlington, Virginia.

FDIC 68

FDIC Conference Arlington Fintech 68

PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

Regulation 349

Regulation National System Industry 349

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

APRIL 29, 2016

In art, form follows function, while in technology, progress follows policy. According to the Financial Times , a position paper that emerged from the Forum states that there is nothing less than an “urgent need” for assurance that innovation will not threaten “systemic stability.” The alternative is to innovate into better margins.

Fintech 100

Fintech Regulation Lending Innovation 100

CFPB Monitor

OCTOBER 10, 2016

titled: “ How to make fintech work for all Americans.” Brookings describes the event as “a conversation about the effects of the fintech boom, with a particular focus on how regulation and public policy can enhance or hinder the industry’s ability to solve some of the more intractable problems facing middle-class.”

Fintech 60

Fintech FDIC Policies Washington 60

CFPB Monitor

FEBRUARY 14, 2019

” In September 2018, the Bureau proposed significant revisions to its “Policy to Encourage Trial Disclosure Programs” which sets forth the Bureau’s standards and procedures for exempting individual companies, on a case-by-case basis, from applicable federal disclosure requirements to allow those companies to test trial disclosures.

Policies 68

Policies Groups Fintech Lending 68

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Regulatory News, of the Global Type.

Washington 101

Washington Regulation Conference Fintech 101

Payments Source

NOVEMBER 12, 2019

It should offer some form of guidance to spur innovation, a former official with the bureau says.

Policies 68

Policies Tools Fintech Innovation 68

PYMNTS

DECEMBER 23, 2019

Its omnipresence is altering how members want to interact with their CUs, though regulatory and compliance issues often mean that members cannot reasonably expect the same lightning-fast interactions they might get from banks and FinTech firms. For more on these and other CU news items, download this month’s Tracker.

Data 131

Data Lending Michigan Regulation 131

PYMNTS

NOVEMBER 23, 2020

Small and medium-sized businesses (SMBs) got their clocks cleaned by the pandemic, and turning to their traditional lending sources, they’ve encountered sclerotic systems and outdated policies not conceived for the needs of the recovering Main Street merchants of 2021. We no longer go to the bank,” Potter told PYMNTS.

Data 143

Data User Experience Fintech Lending 143

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 Taking the FinTech Threat Seriously: What Should Banks Be Doing to Compete? Thu, 12/19/2019 - 16:29. by Darryl Knopp.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

JANUARY 20, 2020

The document states that the RBA (and its Innovation Lab) has been focusing on the digital dollar being used as way to facilitate payments between banks as they settle balances and conduct wholesale activities between themselves. Consider the fact that, as the paper noted, there seems to be uncertainty about demand for a CBDC.

Retail 219

Retail Payments Bitcoin Policies 219

PYMNTS

APRIL 13, 2018

This week’s VC Investment Roundup demonstrates investors’ varied appetite for B2B FinTech. Ripple said it hopes the investment will be used to support innovators that deploy Ripple technology. Take a look at which firms from around the world landed new funds this week, and how they plan to deploy the cash. Artificial Intelligence.

Lending 129

Lending blockchain Capital Software 129

CFPB Monitor

NOVEMBER 12, 2018

In August 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.” Sweetbridge NFP, Ltd.,

Arizona 60

Arizona Fintech blockchain New York 60

PYMNTS

DECEMBER 17, 2018

have already used an alternative lending platform, particularly among younger entrepreneurs. The obvious explanation is that FinTech financing platforms are still too new to the market for small business owners to have even heard of them. .’s In addition to the Open Banking policy, U.K. So far, the effect has been muted.

Policies 195

Policies Data Lending Exercises 195

PYMNTS

DECEMBER 5, 2019

Which has created an opportunity for FinTech players worldwide — but also perhaps a series of unseen risks for Indian consumers. But where banks don’t provide, FinTech innovators rush to fill a vacuum. billion into lending startups. The Less Consumer Friendly Side of FinTech Lending.

Lending 131

Lending Fintech Regulation Report 131

CFPB Monitor

JANUARY 19, 2022

The lawsuit represented the CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies or to uninsured deposit-taking fintechs. The first two lawsuits were dismissed on ripeness grounds. There needs to be less regulatory competition and more coordination.

Technology 78

Technology National FDIC Fintech 78

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 143

Fintech Strategy Leadership Lending 143

Urs Bolt

OCTOBER 17, 2018

Fintech to facilitate inclusive financial system establishment in China, say experts. Leveraged by tremendous customer data, Chinese Fintech companies have an edge over their Western counterparts in innovation applications.”. “It is notable that banks are not leading technology innovations in China.

System 28

System Fintech blockchain Innovation 28

American Banker

MAY 24, 2022

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Innovation 77

Innovation Fintech Policies Compliance 77

PYMNTS

JANUARY 20, 2020

The document states that the RBA (and its Innovation Lab) has been focusing on the digital dollar being used as way to facilitate payments between banks as they settle balances and conduct wholesale activities between themselves. Consider the fact that, as the paper noted, there seems to be uncertainty about demand for a CBDC.

Retail 100

Retail Payments Bitcoin Policies 100

Banking 2020

DECEMBER 3, 2015

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. ”

Innovation 40

Innovation Payments Lending Financial Technology 40

PYMNTS

MARCH 15, 2019

For financial services, and specifically for FinTech , the ripple effects may keep rippling. But then again, capital is being deployed into the sector, with more than $3 billion coming to FinTechs through the first few months of 2019, up 18 percent from last year, as Innovate Finance estimated.

Apple 116

Apple social media Fintech Lending 116

Gonzobanker

AUGUST 7, 2018

Tuesday, July 31, 2018, may go down in history as Fintech Day in the United States. Treasury Department released a 222-page report titled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation , and the OCC announced it would consider charter applications from fintech companies.

Data 60

Data Report Fintech United States 60

CFPB Monitor

JANUARY 12, 2021

Volume I (798 pages) contains a historical and economic overview of consumer finance, covers the key principles guiding federal consumer financial law and policy, and discusses particular topics that the Taskforce considers important to the Bureau’s work. Fintech regulation. The report consists of two volumes. Enforcement.

Report 78

Report Regulation Policies Compliance 78

PYMNTS

MARCH 15, 2019

For financial services, and specifically for FinTech the ripple effects may keep rippling. But then again, capital is being deployed into the sector, with more than $3 billion coming to FinTechs through the first few months of 2019, up 18 percent from last year, as Innovate Finance estimated.

Apple 101

Apple social media Fintech Lending 101

FICO

MAY 16, 2016

In that regard, well-designed regulation protects consumers, fosters inclusionary rather than exclusionary practices and enhances fairness and resilience of the financial system should help rather than hinder fintech’s contribution.”. And that is the danger with many of the scoring models being touted by fintech companies.

Fintech 40

Fintech San Francisco Regulation Lending 40

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. FinTech customers have no idea they are exposing themselves to identity and financial risk. Illustration by Getty images / Chris Ede. By Kelly Pike. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70