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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

Yet now, said Reuters, the Fed has said there is not enough risk management in place to allow FinTechs full-fledged access to the payment system. There of course needs to be access to the financial infrastructure that underpins offerings and is part of processes as far-flung as settlement of transactions.

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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., Louis Fed economist noted, small businesses “frequently encounter obstacles to accessing capital because banks face challenges in lending to them.”

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