Fintech

DOJ antitrust unit considers overhaul of bank merger review process

09/01/20

The division asked for public feedback as it weighs changes "to reflect emerging trends in the banking and financial services sector."

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Plaid launches real-time updates on account activity

09/01/20

Banks that work with the data aggregator will tell it when account updates are ready, so it can refresh fintech (or bank) apps immediately.

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Colo. 'true lender' settlement is path forward for bank-fintech partnerships

08/31/20

The agreement between Colorado authorities, marketplace lenders and banks offers a way to structure partnerships without triggering the wrath of state regulators.

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In a digital world, regulators and innovators need to team up to beat fraud

08/28/20

Close collaboration between leading payment innovators and regulators could help regulators better understand the direction the industry is headed, says Arkose Labs' Vanita Pandey.

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Fintech veterans launch blank-check firm to buy a startup

08/27/20

Betsy Cohen, formerly of The Bancorp Bank, and venture capitalist Ryan Gilbert have created a vehicle to raise hundreds of millions of dollars, purchase a technology company and expand it.

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States entice fintechs by giving them freedom to experiment

08/26/20

Florida and West Virginia recently joined four other states in setting up regulatory sandboxes that allow startups to test products with consumers without obtaining a license.

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Underbanked households would benefit from a regulated blockchain

08/26/20

The OCC’s efforts to bring the technology into the financial mainstream could help people in underserved communities more securely execute payments.

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Why PayPal just deposited $50 million in a small South Carolina bank

08/26/20

"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.

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Kasasa rolls out mortgage offering for credit unions

08/25/20

The product, which is also aimed at community banks, includes a "take-back" option that allows consumers to withdraw extra funds they've paid that go beyond their monthly scheduled mortgage payment.

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The risks and rewards of partnering with Amazon

08/24/20

Banks can capitalize on Amazon’s ambitions by teaming up to launch financial products and services aimed at coveted customer segments. But they should beware the legal and regulatory pitfalls.

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