Remove Fintech Remove Innovation Remove Lending Remove Wyoming
article thumbnail

GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

Lending 150
article thumbnail

The top-performing community banks of 2021

Independent Banker

Wyoming Bank & Trust. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. A: We have been fortunate to develop deep partnerships with some great fintechs. First Western Federal Savings Bank. Rapid City.

article thumbnail

Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

Instead, it is replacing payday lending as an industry. It doesn’t have an ILC charter from Utah, or a crypto bank charter from Wyoming, or a straight-up bank charter like Varo, nor has it acquired any banks like Lending Club or Jiko. That is a lot of proofs of concepts and Chief Innovation Officer conference travel agendas.

Capital 52