Tagged: timothy li

Office of Comptroller of the Currency Encourages Banks to Issue Small Loans to Consumers

The Office of the Comptroller of the Currency (OCC) issued a Bulletin today encouraging banks to issue small loans to consumers. In past years, banks have shied away from providing credit that was deemed too high risk to pursue and too costly to originate. As… Read More

Amazon. Stop Being Everything to Everybody!

  In two of my previous articles, “The Top Ten Fintech Predictions for 2018” and “Top The Fintech Predictions for 2017”,  I predicted a few things to come including The End of Privacy, Vertical Integration and What’s Your Advantage where I visualized Facebook, Snapchat, Tesla,… Read More

New York State Bill Would Add Another Compliance Hurdle with “Limited Charter” for Online Lenders

The State of New York is may create a new regulatory hurdle, and associated cost, for online lenders. A bill (Senate Bill S8340) sitting in the New York State Senate now, will create a limited state charter for internet lending. Sponsored by New York State… Read More

Fluid Credit Shares Data Points on US College Students

Fluid Credit, a Fintech startup that targets college students and responsible credit, has published “Fluid By The Numbers”, a “power ranking” that looks into thousands of U.S. college students’ credit and spending behavior. Fluid provides interest free credit to students to help build up their… Read More

The Top Ten Fintech Predictions for 2018

Last year, I boldly predicted 10 Fintech movements that will take place as Earth makes another perfect rotation around our Sun. It’s always fun to look back and see how wrong I was, so let’s stump the chump! Here are my original predictions. Let’s score… Read More

Lend360: A New Era in Online Lending

I arrived in Dallas, Texas, the night before 2017’s Lend360. A conference catering to lenders, investors and vendors in the online lending space. It started out as OLA (Online Lenders Alliance) a number of years ago. Next year, Lend360 will take place in Chicago, one… Read More

Singapore Fintech Hub: Dominant for Now As Regulations Count

Singapore has worked hard to gain, and retain, the crown of Asian Fintech Hub and you can guarantee it won’t give it up without a fight. There are several countries that are in the race. Recently both Australia and Hong Kong have staked a claim… Read More

Journal Entry: LangDi FinTech Conference in Shanghai. The Biggest Fintech Meetup In The World!

Familiar Faces This is the second year that I travelled to China for the LangDi FinTech Conference in Shanghai. What a difference a year makes? Last year, the conference had a massive showing of over 1,300 attendees. This year, the conference nearly doubled to 2,400… Read More

Fluid Enters Into Strategic Partnership with Nomad Credit to Serve Over 1 Million International Students

Fluid, a Fintech and Adtech startup based in California, has announced a strategic partnership with Nomad Credit, a financial marketplace serving international students currently or planning to live in the United States. Fluid launched their Fintech App on the Apple App store last month has… Read More

Fluid Expands into 32 States Providing No Interest Credit to Students

Fluid, a Fintech and Adtech startup has expanded its service to US students into 32 different states. The App based lender is available on iTunes allowing up to $500 in credit without any additional interest payments.  The description on iTunes explains it is exclusively designed… Read More

LendIt China July 9th 2017 – Journal Entry: AMTD + LendIt: Fintech, The 4th Industrial Revolution.

Hong Kong AMTD-LendIt Conference officially kicked off today in one of the most metropolitan cities in the world, Hong Kong, China. This town, considered as one of the busiest financial centers of the world is now on the brink of another step in this city’s… Read More

LendIt China Journal July 8th 2017: dv01, LendIt 2017, GoodAI.Capital

After an exhausting flight from LAX to Hong Kong, I was greeted by friendly staff at LendIt China, also known as Lang Di Conference, at one of the busiest airports in the world. The amount of logistics communication from Bo Brustkern, Chairman at Lang Di… Read More

Alibaba Must Acquire Starbucks, WeWork, Airbnb, Uber, Tesla & PayPal

During July 2016, I was part of a delegation of US Fintech executives visiting our counterparts in Hong Kong, Shenzhen, and Shanghai, China. We toured and visited some of the most exciting Fintech platforms in China such as LuFax, CreditEase, Tencent (the creator of WeChat),… Read More

Fintech: Data Standardization is Your Next Competitive Advantage

When I took my first computer science courses in college, my professor often cited the old adage “Garbage in, Garbage out”. Most of the students in the classroom chuckled. For most of us, that was the first time we heard that expression. What he meant… Read More

Here is the Letter House Republicans Sent to OCC Admonishing Thomas Curry About Fintech Charter

  Comptroller of the Currency Thomas Curry recently said the Office of the Comptroller of the Currency will be issuing Fintech Charters. While the hope was the OCC would create a light touch, streamlined approach to empowering Fintech firms to operate across the US without… Read More

The First Fintech Fraud Summit Tackles Tough Issues

The first FinTech Fraud Summit 2017 hosted by E&Y and San Francisco Association of Certified Fraud Examiners took place on March 17th, 2017. Keynotes by Prosper’s President Ron Suber. Financial Technology, or Fintech,  has experienced what can only be described as explosive growth. Fintech is… Read More

The OCC Issues Draft Requirements for a Fintech Charter. Is a Charter for Innovative Financial Firms Dead in the Water?

As expected, the Office of the Comptroller of the Currency has published a draft licensing manual regarding the creation of a Fintech Charter. The draft is a supplement to the agency’s existing Licensing Manual and explains how Fintech firms may apply for special purpose bank charters…. Read More

OCC Fintech Charter: We Need a Government that Embraces Financial Innovation

The Office of Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was created by the National Currency Act of 1863 (154 years ago, 20 years before the automobile was invented by Karl Benz from Germany)…. Read More

Top Ten Fintech Predictions for 2017

The following are my top ten Fintech predictions for the coming year. While 2016 has been a momentous period in Fintech innovation there is more to come. 10 – Sensors Internet of Things (IoT), Wearables, Smart Home and Connected Car will bring massive change to… Read More

Fluid Offers 0% Interest “Social Credit” in New Twist for Online Lending

Total US revolving debt (think credit cards and more) is nearing $1 trillion. This sector of credit is growing rapidly at around 7% a year. Simultaneously, there is an emerging generation of consumers that is highly mobile, technologically savvy, and extremely skeptical of traditional financial… Read More