Fintech

U.S. Treasury: Regulators Should Back Off FinTech, Allow Innovation

The Treasury Department recently released a report urging state and federal regulators to revamp outdated statutes and support technological innovations such as AI, machine learning and blockchain that could make the U.S. financial system more nimble and competitive.

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In FinTech, the Race for Patents (And More)

In technology, innovation, of course, is as critical as oxygen, fueling the next big thing and boosting top and bottom lines. And shoring up that next big thing comes with patent filings, part of the arsenal of protecting intellectual property, shepherding concept to reality.

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Bank of China to Raise Fintech Spending, Pursue Blockchain Projects

The Bank of China’s chief information officer recently shared details on the bank’s blockchain efforts as he unveiled plans to boost fintech spending, according to local news reports.

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Tightening Regulations Makes Fintechs Easy Takeover Targets

Embattled financial technology businesses in China, which have come under tightened regulatory scrutiny, are becoming acquisition targets by mainland banks accelerating their digitalisation drive, according to global management consultancy McKinsey.

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Tech Giants Lead the Way on Fintech Patents, Ahead of Banks

British patent data insights firm Cipher recently released an IP strategy report that provides a look at how many firms are patenting technologies in the hopes of disrupting various industry sectors.

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Checking All the Fintech Partner Checklist Boxes

In the current environment of instant gratification within the digital experience, credit unions are under more pressure than ever to keep up with rising member expectations.

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OCC’s Fintech Charter Is a Mistake

The national fintech charter announced last week by the Office of the Comptroller of the Currency has been positioned by its supporters as a means of encouraging innovation and growth, but instead it brings new risks and market distortions to the U.S. economy.

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Singapore Provides ‘Springboard’ to Asian Markets for FinTech

Singapore’s FinTech scene is booming: Funding for the burgeoning sector in the island country topped nearly a billion dollars in 2017, reaching 983.6 million that year. Hong Kong, by comparison, saw 596.8 million in funding for FinTechs at the time. Singapore overtook Hong Kong in FinTech funding in 2016.

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What Will Blockchain Mean to the FinTech Sector?

Most of you have understood the principle of the blockchain, and the huge spike in interest to the bitcoin cryptocurrency arose at the same time. Bitcoin doesn’t come off the pages of news about the world of fintech. It’s quite rational that the technology attracts massive attention.

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Some States Readying for a Fight Over Federal Government’s FinTech Oversight

Some states are girding for a fight with the Trump White House over plans for the federal government to increase its role in overseeing the FinTech startup market.

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CFPB Joins Foreign Regulators in Global Financial Innovation Network

The Consumer Financial Protection Bureau today announced a new partnership with 11 financial regulators and related organizations around the globe aimed at creating a Global Financial Innovation Network. The network is intended to facilitate interactions between regulators and innovators as they seek scale and ubiquity for new technologies.

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Fintech Firms Are Getting Closer to Being Banks in Everything but Name

There’s no shortage of fintech news, and crypto news in particular practically bumps into you in the hallway. Every week, our finance technology email will sort through the useful and the useless in fintech news and deliver it right to your inbox on Fridays. Sign up here.

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