Tagged: financial innovation now

June 6, 2022 @ 3:25 pm By JD Alois  |  

Apple (NASDAQ:AAPL), the world’s largest company by market cap and ubiquitous tech firm, announced a buy now – pay later product today alongside a solid portfolio of other updates. During the annual WWDC keynote, Apple executives revealed Apple Pay Later, a new feature of the… Read More

April 11, 2022 @ 4:47 pm By JD Alois  |  

  Last week, on the anniversary of the JOBS Act of 2012, Republican members of the Senate Banking Committee pitched a new legislative initiative to support entrepreneurship, access to capital, and helping retail investors. The JOBS Act of 2012 legalized online capital formation. The JOBS… Read More

March 30, 2022 @ 4:14 pm By JD Alois  |  

A report from earlier today should come as no surprise as it is being predicted that Apple (NASDAQ:APPL) will move deeper into digital financial services or Fintech. According to Bloomberg, a person with knowledge of the matter said that Apple is building its own payments… Read More

February 11, 2020 @ 11:32 am By JD Alois  |  

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

February 15, 2019 @ 3:12 pm By JD Alois  |  

In a relatively obscure filing with the Securities and Exchange Commission, tech behemoth Apple (NASDAQ:AAPL) indicated its participation in blockchain tech. First uncovered by CoinDesk, the specific filing  Form SD (Specialized Disclosure Report) pertains to Apple’s Conflict Minerals Report for the reporting period January 1, 2018,… Read More

July 31, 2018 @ 6:04 pm By JD Alois  |  

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 Charter following the release of a report on Fintech by… Read More

July 31, 2018 @ 12:26 pm By JD Alois  |  

The US Department of the Treasury has published its long anticipated report on Fintech. This is the fourth in a series of reports emanating from Treasury that address emerging innovations in finance. Secretary Steven T. Mnuchin commented on the reports release stating “American innovation is… Read More

November 15, 2017 @ 4:14 pm By JD Alois  |  

The House Financial Services Committee has approved HR 3299 or the “Protecting Consumers’ Access to Credit Act of 2017.” The bill “restores consistency” in lending laws across state boundaries. HR 3299 impacts the case of Midland Funding, LLC v. Madden – an ongoing law suit… Read More

October 18, 2017 @ 2:14 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has published principles for data sharing and aggregation regarding individual consumers. As data become ubiquitous there is a looming concern about who owns or controls personal information. In an age of rampant cybersecurity issues, setting guidelines for what banks… Read More

July 21, 2017 @ 2:35 pm By JD Alois  |  

Today the Faster Payments Task Force, created by the Federal Reserve, released 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

July 13, 2017 @ 2:07 pm By JD Alois  |  

Small businesses are using new financial technologies to grow and prosper, and these benefits offer particular value for small businesses in historically underserved communities and main street America. This forum will explore how new financial technologies are expanding financial access and speeding commerce for small… Read More

April 27, 2017 @ 1:04 pm By JD Alois  |  

ReCode is out with a report that Apple (NASDAQ:AAPL) is expected to push further into the Fintech space by providing a Venmo-like peer to peer money transfer service. Jason Del Rey, writing for ReCode, predicted the new service would be called Apple Cash – thus… Read More

April 14, 2017 @ 8:05 am By JD Alois  |  

Financial Innovation Now (FIN) has submitted their recommendations to Senators Crapo and Brown, the Chair and Ranking Member on the Senate Banking Committee, 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

February 21, 2017 @ 12:45 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB), launched an inquiry into consumers seeking access to their financial records.  At the time of the announcement, CFPB Director Richard Cordray stated; “Consumers should be able to use their financial records and account information and securely share access in… Read More

January 17, 2017 @ 12:32 pm By JD Alois  |  

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

January 2, 2017 @ 4:49 pm By JD Alois  |  

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

November 30, 2016 @ 3:10 pm By JD Alois  |  

Financial Innovation Now (FIN) has published an open letter to the incoming Trump administration. FIN demanded the President-Elect embrace technology when it comes to financial innovation. FIN is a group that represents several very big names in tech. Think Apple, Google, Amazon and more. Tipping… Read More

August 25, 2016 @ 12:11 am By JD Alois  |  

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

August 15, 2016 @ 10:33 am By JD Alois  |  

In November of 2015, a group of well-known tech names banded together to create a new lobbying entity to lobby Capitol Hill on Fintech and financial regulations. Financial Innovation Now is a unique alliance of Apple, Google, Amazon, Intuit and Paypal joining in one specific… Read More

November 3, 2015 @ 8:13 am By JD Alois  |  

The Future of Banking is Online. Tech Titans Want to Lead the Way as Financial Innovation Now Coalition Announced. All financial services are being turned upside down as the relevance of brick and mortar locations and surly customer service representatives is diminishing.  Big tech, including… Read More