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US Inches Toward Open Banking With CFPB Notice

PYMNTS

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. Plus, the U.S. TrueLayer Launches in Australia.

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Real Innovation Solves Today’s Problems, Not Tomorrow’s

PYMNTS

Innovation happens when you least expect it. Those we call “innovators” are simply the ones who endeavor to solve the problems in front of them by any means necessary. Only later do others look at them and call them “innovators.” PYMNTS: Where do you look for innovative ideas, and why? The conversation is excerpted below.

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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

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. As was widely reported this past week, seven of them are trying to do so.

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CFPB Sets Sights on Data-Security Practices

Fintech Labs Insights

It’s even harder to imagine such an action when the very same agency announced a policy to encourage consumer-friendly financial innovations just a few weeks before imposing the fines. Earlier this month, the CFPB announced a consent order in its “first data security action.” What happened. Recommendations.

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June’s Top 12 Mobile Pay Moments

PYMNTS

On June 9, JPMorgan Chase recently announced that it secured a multi-year deal with Shell to accept Chase Pay at all of its gas stations. Now, as part of its new deal with Shell, it appears Chase is on its way to securing more support for its mobile wallet service that’s likely to be launched into market soon. ” RIP CurrentC.

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Early-Bird Discount Extended for FinDEVr Silicon Valley

Fintech Labs Insights

On October 18 & 19, FinDEVr Silicon Valley will showcase the latest in fintech tools, tech, APIs, platforms, case studies, and tutorials. Speaking topics will span the fintech spectrum with payments, blockchain, investment, big data, finance and wealth management, security, and more. NuData Security. Apex Clearing.

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The top-performing community banks of 2021

Independent Banker

Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. First Community Bank of Tennessee. A: We have been fortunate to develop deep partnerships with some great fintechs. Reynolds points to BankSouth’s focus on innovation as a contributing factor. Allied First Bank, SB. Nebraska State Bank. Fayetteville.