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People’s Bank Of China To Regulate FinTech

PYMNTS

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. China has become an emerging FinTech market due to its expanding middle class, rapid digitization and electronic payments adoption.

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Planning Our COVID-19 Response is Also Planning for the New Normal

Gonzobanker

My neighbor in Phoenix is closing on a house this week and will do so with the only physical meeting in the entire process – offer, loan, title, etc. An early survey of 93 banks done by Fintech Forge showed that 31% of respondents already had back-office employees working from home. being the first open house he went to with his agent.

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Renaud Laplanche’s Second Act

PYMNTS

But in what is shaping up to be Renaud Laplanche’s second act in online lending and FinTech world, it seems as though the executive may be ready to take the wraps off his newly founded online lending startup, Upgrade.

Lending 122
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The 2019 GonzoBanker Awards

Gonzobanker

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. Consumers was the first big credit union to deploy the Phoenix core system and this year was the first big go-live of the Lumin digital banking system. GonzoBankers, 2019 was a year of extremes.

Idaho 148
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D+H Sells to Vista: Vendors and the Chasm of Mistrust

Gonzobanker

D+H (and before, Harland) promised integrated loan and core systems and specialized credit union functionality in the Phoenix EFE core. The Phoenix EFE core has a Microsoft-based architecture with legs. JHA promised several solutions for retail front-end branch and loan systems and a NetTeller/goDough tandem digital banking solution.

Phoenix 60
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D&H Sells to Vista: Vendors and the Chasm of Mistrust

Gonzobanker

D&H (and before, Harland) promised integrated loan and core systems and specialized credit union functionality in the Phoenix EFE core. The Phoenix EFE core has a Microsoft-based architecture with legs. International players like iFlex, Infosys, SAP and Temenos promised robust U.S. Otherwise, GonzoBankers, the joke is on us.

Phoenix 60
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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. That’s enough to send normal people into the fetal position.

Fintech 195