CFPB Monitor

OCTOBER 2, 2019

Paul Watkins, Director of the CFPB’s Office of Innovation, joined Ballard Spahr partners Alan Kaplinsky and James Kim yesterday for a discussion of the CFPB’s final innovation policies. Alan leads the firm’s Consumer Financial Services Group and James is a co-leader of the firm’s inter-disciplinary Fintech Team.

Policies 60

Policies Innovation South Carolina Indiana 60

CFPB Monitor

JUNE 11, 2019

Utah Governor Gary Herbert signed H.B. This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. The sponsor of Utah’s legislation, Rep.

Utah 60

Utah Arizona Regulation Innovation 60

CFPB Monitor

JULY 14, 2022

The California Department of Financial Protection and Innovation (DFPI) has filed its opposition to Opportunity Financial, LLC’s (OppFi) Demurrer to the DFPI’s cross-complaint.

California 78

California Innovation Utah Texas 78

CB Insights

OCTOBER 15, 2021

This round drew participation from Core Innovation Capital, Greylock Capital Management, and Portag3 Ventures. Utah-based Atomic’s payroll APIs connect payroll accounts to third-party apps in order to streamline direct deposit switching and employment/income verification for users. How’s the company performing?

Utah 78

Utah Capital Innovation Fintech 78

PYMNTS

FEBRUARY 6, 2020

She offered a list of other firms engaged in similar practices, such as LoanMart, where auto title loan rates range from 60 percent to 222 percent, and where bank sponsors are based in Utah. Testimony from Diaz and Saunders identified three banks based in Utah tied to such schemes.

Utah 130

Utah National California Regulation 130

PYMNTS

MARCH 19, 2020

Also, Square won a banking license for an industrial bank in Utah. FinTech leader Fiserv has acquired independent software vendor Bypass Mobile, an innovator in the point-of-sale systems arena. In today’s top news, due to the coronavirus, over 3,600 workers have lost their jobs and JPMC has temporarily closed 1,000 branches.

FDIC 130

FDIC Utah Payments Mobile 130

CB Insights

MARCH 13, 2019

Collectively, these startups have raised over $5B, with leading companies such as Butterfly Network (Connecticut, $350M in total disclosed equity funding), Welltok (Colorado, $339M), and InsideSales.com (Utah, $264M). The Innovation Scout. See the full map below. We exclude funding from debt, loans, and lines of credit. Washington.

United States 78

United States Rhode Island Massachusetts Connecticut 78

CFPB Monitor

MAY 19, 2022

The complaint seeks a declaration that the CFL interest rate caps do not apply to Program Loans and an injunction prohibiting the DFPI from enforcing the CFL rate caps against OppFi based on its participation in the Program.

California 78

California Utah United States FDIC 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 148

Fintech Strategy Leadership Lending 148

Bank Innovation

JUNE 15, 2017

It’s not everyday that a fintech applies for a bank charter, so when SoFi did just that it caught our eye. But will this be a big bank? The short answer is no, or not at least for a few years. Buried in SoFi’s application are details on the proposed bank’s staffing size. The bank […].

Fintech 250

Fintech Utah Operations America 250

Fintech Labs Insights

MAY 12, 2021

Naturally, we were excited about it, naming it the biggest innovation of the year. We are calling it the FAB score, standing for Fintech Attention Barometer. The 171 Fintech Unicorns of the 21st Century (April 2021 update). The 171 Fintech Unicorns of the 21st Century (April 2021 update). 1,050,000. SmartBiz Loans.

Atlanta 15

Atlanta Utah DC Detroit 15

Fintech Labs Insights

MAY 12, 2021

Naturally, we were excited about it, naming it the biggest innovation of the year. We are calling it the FAB score, standing for Fintech Attention Barometer. HQ: Salt Lake City, Utah. Related: Watch 12 Fintech Startups Pitch at Startupbootcamp Amsterdam Demo Day (May 2021 update)). 1,050,000. SmartBiz Loans. 1,350,000.

Atlanta 15

Atlanta Utah DC Detroit 15

Fintech Labs Insights

NOVEMBER 19, 2021

Naturally, we were excited about it, naming it the biggest innovation of the year. We are calling it the FAB score, standing for Fintech Attention Barometer. HQ: Salt Lake City, Utah. The 260 Fintech Unicorns of the 21st Century (Oct 2021). So, the capability has existed for 20 years. CAN Capital. Fundera (NerdWallet).

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

Naturally, we were excited about it, naming it the biggest innovation of the year. We are calling it the FAB score, standing for Fintech Attention Barometer. HQ: Salt Lake City, Utah. The 260 Fintech Unicorns of the 21st Century (Oct 2021). So, the capability has existed for 20 years. CAN Capital. Fundera (NerdWallet).

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

Naturally, we were excited about it, naming it the biggest innovation of the year. We are calling it the FAB score, standing for Fintech Attention Barometer. HQ: Salt Lake City, Utah. It was the first time anyone had put a mortgage app online and one of the first online credit apps of any kind ( note 1 ). CAN Capital.

Atlanta 15

Atlanta Utah Miami DC 15

CFPB Monitor

AUGUST 7, 2020

a wholly-owned subsidiary of fintech Varo Money, Inc. The approved application is for a full-service charter, not the OCC’s controversial FinTech charter that is currently the subject of ongoing litigation. team — the first consumer fintech to receive a national bank charter. The water’s fine!”. Varo Bank, N.A.’s

Fintech 78

Fintech FDIC Utah National 78

Fintech Labs Insights

MARCH 20, 2017

And this takes nothing away from the legions of talented fintech developers innovating in places as diverse as Utah and Wisconsin, Missouri and Ohio, Washington state and Georgia. So to help you make the most of FinDEVr NewYork, here are a few notes and things to keep in mind: Who and What?

New York 14

New York New York City Wisconsin Missouri 14

CFPB Monitor

APRIL 19, 2022

At the end of last year, we completed a months-long project in updating and expanding a 2017 White Paper addressing bank-model lending—programs involving partnerships between banks (or savings associations) and fintech or other nonbank companies in the interstate delivery of loans.

California 78

California Innovation Utah United States 78

Fintech Labs Insights

DECEMBER 17, 2015

Around the web: Utah Community Credit Union chooses DNA(R) account processing platform from Fiserv. Tactile Finance CEO Nicole Hamilton earns spot in The Inman Groups Top 101 innovators. On Finovate.com: Mark Shifke Named Green Dot CFO After 8 Month Interim Term. TechEU interviews Klarna CEO, Sebastian Siemiatkowski.

Utah 12

Utah Community Groups Innovation 12

Fintech Labs Insights

JANUARY 26, 2016

MacDonald has roots in the fintech industry; he served as the first CMO of Fiserv ( FinovateFall 2015 demo ) and has held executive positions at Checkpoint ( FinovateFall 2008 demo ) and Qualcomm ( FinovateFall 2009 demo ). MacDonald isn’t the only well-known fintech player MX has recruited.

San Francisco 12

San Francisco Utah User Experience New York 12

Fintech Labs Insights

SEPTEMBER 11, 2015

A division of Finicity Corporation, Finicity Data Services provides API services for fintech developers building account aggregation, cash flow verification, and account ownership verification solutions. ” “Real-time transaction data opens many new doors for fintech innovators,” Thomas said.

System 12

System San Jose San Francisco Utah 12

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation.

Online 98

Online Company Retail Payments 98

Fintech Labs Insights

SEPTEMBER 20, 2016

Founded in 1999 and headquartered in Murray, Utah, Finicity demonstrated its TxPUSH API for fintech apps at FinovateSpring 2015. .” Pictured: Finicity President and co-founder Nick Thomas during his presentation “The Launch of Real-Time Transaction Push” at FinDEVr New York 2016.

New York 12

New York Utah Conference America 12

Fintech Labs Insights

JULY 8, 2016

. “We are excited to combine our intuitive, wide-ranging technology solution with Legg Mason’s diverse investment capabilities, scale and global reach,” Chief Innovation Officer for Financial Guard, Cary Jenkins added.

Utah 15

Utah New York Technology Financial Technology 15

Fintech Labs Insights

AUGUST 1, 2016

MX’s data aggregation and innovative visualization technology provide accurate information in an engaging way that “makes it easy for people to manage their finances,” according to MX founder and CEO Ryan Caldwell, who underscored the technology’s “intuitive, innovative UI.”

Technology 12

Technology San Francisco Nebraska UX 12

Lex Sokolin

SEPTEMBER 23, 2020

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. The start-up is claiming to be EBITDA-positive, thereby reaching an amount of (basic) profitability that many fintech companies lack. No shenanigans.

Capital 52

Capital Software Lending Apple 52

Fintech Labs Insights

SEPTEMBER 6, 2016

Every time we build a Finovate presenter headquarters map, we are reminded how geographically diverse fintech innovation has become. Beyond the United States, familiar international fintech powerhouses like Israel and Canada (eight presenters from the Great White North alone!)

Fintech 12

Fintech New York Wisconsin Utah 12

William Mills

SEPTEMBER 12, 2017

YUKKA Lab AG detects market sentiments and transforms them into innovative tools for the finance and communications industry. A leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services. Innovative AI chat and voice solutions to empower banking customers.

Samsung 69

Samsung Mobile User Experience Google 69

CB Insights

AUGUST 31, 2017

Utah-based lnsideSales.com is a sales acceleration platform that leverages data science to help business development teams close deals. Fintech/Insurance AI. Fidelity Investments and BDC Venture Capital were also among the investors in the round. Sales/CRM AI. Company: InsideSales.com. Company: Lemonade.

California 61

California Capital Company Industry 61

Fintech Labs Insights

APRIL 30, 2015

Register today to see and meet these innovators in person on May 12 and 13 at our upcoming conference in San Jose, California. Finicity helps developers build powerful apps to drive financial software innovation. HQ: Salt Lake City, Utah. Our platform brings innovation to mobile card services. Founded: 2015.

San Jose 12

San Jose Las Vegas California Tucson 12

CFPB Monitor

JUNE 15, 2022

Acknowledging that the legal matters will likely take years to resolve, the legislators implore the FDIC to employ its supervisory, regulatory, and enforcement tools to put a stop to these lending partnerships.

FDIC 78

FDIC California West Virginia North Carolina 78

Gonzobanker

DECEMBER 19, 2016

Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. The FinTech Partner Best Practice Award – Goes to Cambridge Savings Bank and SigFig for their digital investment platform partnership. see [link] ).

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. The FinTech Partner Best Practice Award – Goes to Cambridge Savings Bank and SigFig for their digital investment platform partnership.

Utah 60

Utah System Community Marketing 60

CFPB Monitor

MAY 3, 2019

Flynn Endowed Professor of Law, University of Utah, S.J. Garry Lacy Reeder II, Vice President, Policy and Innovation, Center for Financial Services Innovation. (A Representative Scott has introduced two pieces of legislation in this regard: the Improving Access to Traditional Banking Act of 2019 and the FINTECH Act of 2019.)

Michigan 68

Michigan Policies Utah Lending 68