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Highlights and Recommendations From the Treasury’s Report on Fintech

Tuesday, July 31, 2018 may go down in history as Fintech Day in the US. On that day, the US Treasury Department released a 222-page report titled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation, and the OCC announced it would consider charter applications from fintech companies.

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Millennials Want Non-Financial Products From Banks and Credit Unions

There’s a popular misconception among a lot of people that Millennials hate banks.

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How Banks and Credit Unions Should Select Fintech Partners

It’s amazing what sheep US businesses are. Thirty years ago, in practically every organization in every industry, reengineering business processes was at the top of the list of strategic initiatives. Five years later it was knowledge management. Five years after that everyone had to become–or find a way to launch–a dot-com.

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The Mobile Banking Features Consumers Want (But Don’t Have)

According to the Federal Reserve’s 2016 consumer survey, 43 of mobile phone owners (with a bank account) were mobile banking users, practically double the percentage that the Fed found in its 2012 survey.

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Chase’s Finn Is a Threat to Banks and Credit Unions

After a nine-month test in the St. Louis market, JPMorgan Chase recently took its first step to a national launch of its digital-only bank Finn with a rollout to iOS users.

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