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FinTech Credit: Not So Clear And Present Danger?

PYMNTS

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. Now, under Kathy Kraninger’s leadership, the CFPB said this requirement should be removed.

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German Savings And Investment FinTech Raisin Looks To Expand Into US

PYMNTS

German FinTech company Raisin, an investment and savings marketplace, is looking to expand its business into the U.S., according to a report by Reuters. The company, which is backed by PayPal, wants to attract customers with higher-yielding deposits from its various banking partners. and Australia.

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OCC’s New Office of Financial Technology Portends Increased Supervisory Activity

CFPB Monitor

Hsu frequently has shared concerns about the need for the OCC to develop in-depth understanding of the technologies banks are adopting, including in the context of bank-fintech partnerships and bank involvement with cryptocurrency products.

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2021 GonzoBanker Awards

Gonzobanker

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.

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Banks Must Up Their Social Media Game to Connect with Digital Natives

Gonzobanker

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. Capitalize on trends – Social media is filled with trends that can translate to marketing opportunities, whether it be memes, pop culture references or news topics.

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Paul Watkins, Director of the CFPB’s Office of Innovation, discusses final innovation policies in Ballard Spahr webinar

CFPB Monitor

Alan leads the firm’s Consumer Financial Services Group and James is a co-leader of the firm’s inter-disciplinary Fintech Team. Last month, the CFPB finalized its proposed revisions to its trial disclosures and no-action letter (NAL) policies and also finalized its proposal to create a new FinTech sandbox policy.

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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

Concerns about successors to today’s executive leadership teams dominated many presentations. Oh wait, this is the new asset size, in terms of $Billions, that people reference for banks …) Deposit Dynamics Deposit funding costs pose a big risk to banks. Five Hundred? (Oh