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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

As FinTechs eye growth, and look to gain scale by providing more “mainstream” financial services, might those plans hit a speed bump when it comes to the infrastructure needed to bring products to the masses? I am concerned that FinTech will be the source of the next crisis.”. In Asia, Examining Cross-Border FinTech.

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Fed reported to have reservations about fintech charter

CFPB Monitor

Last July, the OCC announced its decision to accept applications for special purpose national bank (SPNB) charters from fintech companies. According to a Reuters article published today , Federal Reserve officials have expressed reservations about allowing such access to fintech companies. The article quotes the President of the St.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St. Louis Fed : [S]mall-business loans—i.e., Online fintech lenders and merchant cash advance providers are also making up ground. loans less than $1 million—accounted for 12.6%, 11.1%

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). It is unlikely we’ll see that much in 2016, but the fintech sector is vast, and there are fascinating opportunities for newcomers and existing brands alike. Louis, Missouri. Credit risk management.