Fintech

What’s Missing From the OCC’s Fintech Charter

The Office of the Comptroller of the Currency recently finalized its controversial decision to authorize a special-purpose fintech charter.

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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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Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change in how these financial upstarts might be both governed and cultivated.

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FinTech Firms on the New FinTech Charter

Getting bogged down in a maze or taking unnecessary risks – the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo, which describes itself as a cloud-based utility that enables payment system interoperability.

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Breaking the Seal? Arizona Attorney General Opens Applications to First Fintech Sandbox

The wild west of Arizona is now officially open to a new kind of fintech company.

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Could Europe Become a Fintech Hub?

A number of technologies and new regulations are poised to disrupt the incumbent financial system. So much so that the emerging field of financial technologies has earned itself the fintech’ portmanteau.

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FinTech Industry in Thailand Holds Unlimited Prospects

Thailand looks set to be one of Southeast Asia’s next Fintech Hubs as digital convergence continues to spread. The emergence of a new generation of fintech startups has spurred development of a “complete payments” ecosystem.

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KPMG Pulse of Fintech Report

Global fintech investment roared ahead at a record pace in the first half of 2018, with US57.9B invested across 875 deals, a significant increase from the US38.1B invested in all of 2017, according to the KPMG Pulse of Fintech report.

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A “Good Start”: U.S. Introduces Office of Innovation and Sandbox for Fintech

Fintech businesses struggling to stay inbounds of government rules may soon receive a dose of much-needed guidance via the Consumer Financial Protection Bureau (CFPB).

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Apple Is Becoming a Formidable Fintech Company

A growing anxiety for bank executives is how and when big tech companies will encroach on their turf. During its quarterly earnings call yesterday, Apple CEO Tim Cook gave some insight into the company’s progress in becoming something of a fintech player: Apple Pay transactions tripled from a year earlier, to more than 1 billion.

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6 Takeaways From the U.S. Treasury’s Fintech Report

The Treasury Department released an extensive report Tuesday detailing how nonbanks, including fintech firms and data aggregators, should be regulated. The report makes more than 80 recommendations to regulators and Congress largely encouraging financial innovation within a regulated space.

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Silicon Valley’s Invasion of Banking Just Got Key U.S. Go-Ahead

The Office of the Comptroller of the Currency invited fintech companies on Tuesday to apply for special national charters, hours after the Treasury Department released a report advocating that step and others to spur innovation. The OCC’s move — potentially letting online lenders, payments firms and certain cryptocurrency ventures operate without relying on a bank — has […]

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