Financial Innovation Now (FIN) represents some of the biggest names in tech when it comes to Fintech. These firms include Apple, Amazon, Google, PayPal, Square, and Intuit. Each of these big tech firms have a strong foothold in providing financial services and many observers expect… Read More
Financial Innovation Now (FIN), the group that represents big techs interest in Fintech, has issued a comment on the decision by the Office of the Comptroller of the Currency (OCC) to move forward with a Fintech CharterĀ following the release of a report on Fintech by… Read More
Today the Faster Payments Task Force, created by the Federal Reserve, releasedĀ its final report along with their recommendations on what needs to be accomplished to bring the US up to date in the payments space. Anybody engaged in the payments sector understands that the US… Read More
Financial Innovation Now (FIN) has submitted their recommendations to Senators Crapo and Brown, the Chair and Ranking Member on the Senate Banking Committee,Ā as to how best to improve Economic Growth. The proposals follow a public request by the two Senators asking members of the public… Read More
The Consumer Financial Protection Bureau (CFPB), launched an inquiry into consumers seeking access to their financial records. Ā At the time of the announcement, CFPB Director Richard Cordray stated; āConsumers should be able to use their financial records and account information and securely share access in… Read More
Financial Innovation Now (FIN) has sent a letter to the Office of the Comptroller (OCC) of the Currency in support of the OCC’s initiative to support Fintech innovation. FIN is an alliance of big tech including; Apple, Amazon, PayPal, Intuit and Google (Alphabet). As big… Read More
Apple, Google, Amazon, PayPal & Intuit Provide the Firepower Behind Fintech Advocacy Group Financial Innovation Now. Back in the fall of 2015, an announcement was made regarding the creation of a new public policy coalition representing some of the largest names in tech: Apple, Google,… Read More
“To provide for responsible financial innovation and to bring digital assets fully within the regulatory perimeter.” The long-anticipated legislation crypto regulation proposal emanating from US Senator Cynthia Lummis has now been posted online. First revealed by the Block, the draft legislation aims at clarifying the… Read More
The People’s Bank of China (PBoC), the nationās central bank thatās also tasked with managing monetary policy and the regulation of financial institutions in mainland China, has reportedly added Chengdu, the capital of the Sichuan province, to its list of approved regions for conducting Fintech… Read More
TheĀ Global Financial Innovation Network (GFIN) is now open for applications. GFIN is a group of 29 international organisations including the Financial Conduct Authority (FCA) as well as the US Consumer Financial Protection Bureau (CFPB), Monetary Authority of Singapore (MAS), Hong Kong Monetary Authority (HKMA) and… Read More
The Center for Financial Services Innovation (CFSI) has announced its list of 2018 Financial Health Leaders.Ā CFSI states that these firms are “at the forefront of financial health measurement and show their commitment to consumer financial health.” The list (below) includes a good number of… Read More
Financial Cloud, a provider of enterprise software solutions, partnered with bank payment company GoCardless to improve payments for financial service providers in the United Kingdom. This collaboration will see GoCardlessā Direct Debit payments and Instant Bank Pay (IBP), its open banking payment feature for “one-off… Read More
FICO (NYSE: FICO), global analytics software provider, released key guidance and takeaways from a study that has recently analyzed the impact of including āBuy Now, Pay Laterā (BNPL) loans in a consumerās FICO Score. FICO conducted the 12-month study in partnership with Affirm (NASDAQ: AFRM),… Read More
FIS (NYSE: FIS), a global financial technology firm, announced it is one of the first providers in the fintech industry “certified” to enable send capabilities for credit transfers in the Federal Reserveās FedNow instant payment service. The addition of send capabilities and real-time alerts will… Read More
JPX Market Innovation & Research, (JPXI), a provider of Japanās financial market data, and Snowflake, the AI Data Cloud company, announced a partnership in order to disseminate data over Snowflakeās platform. Data provision via Snowflake will enable market participants to get access to JPXIās data… Read More
Formance, an Open Source financial infrastructure provider, announced the close of a $21 million Series A funding round co-led by PayPal Ventures and Portage, with participation from Y Combinator, Hoxton Ventures, and AXC. This latest milestone reportedly comes on the heels of a “10x increase”… Read More
Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler across the MENA region, has announced its expansion into the United Arab Emirates. ThisĀ follows the acquisition of a Retail Payment Services License ā Category II from the Central Bank of… Read More
In recent comments, Bank of Americaās (NYSE: BAC) CEO Brian Moynihan expressed the bank’s readiness to support cryptocurrency payments in the future, highlighting the need for clear and robust regulatory frameworks before they can fully embrace crypto transactions for clients. Moynihan said at the World… Read More
ClutchĀ says it is turning credit unions into Fintechs, and with the successful completion of a Series B funding round, is equipped with $65 million toĀ transform the way credit unions deliver products and services to the members and communities they serve. The Series B investment… Read More
Representative French Hill, Chairman of the House Financial Services Committee, and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil have posted a comment following President Trump signing Executive Orders relating to digital assets and AI. Yesterday, Trump reaffirmed his commitment to supporting… Read More
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