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Tag Archives: FinTech

Q4 Real Estate Sentiment on the Rise

The quarterly survey of independent title agents and other real estate professionals reports that optimism is up as respondents expressed confidence that transaction volume will grow in the coming year.

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Big Banks and FinTech: Do American Consumers Want Both?

Financial technology (FinTech) is steadily gaining traction in today’s technology-driven market, and according to Blumberg Capital's Annual FinTech Survey, over two-thirds of Americans are looking for banks to provide new fintech solutions. The survey, released Wednesday, examines attitudes of American ...

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Bringing Fintech to the Forefront

The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled “Evaluating the Fintech Landscape” Tuesday where witnesses examined one of the fastest growing industries in the U.S.

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Keeping FinTechs Litigation-Free

With traditional lending systems such as banks not meeting the needs of consumers, fintechs and online lending platforms have become a much more valuable resource for investors and consumers. Fintechs can use non-traditional data to underwriting and lending techniques to assess the credit worthiness of loan applicants using online information gleaned from social media, etc., notably loan applicants that may appear as “credit invisible” to other institutions. However, this "alternative data" brings security risks.

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Fintech Innovation Demands Great Responsibility

Thomas Curry, the federal comptroller of the currency, spoke at a fintech conference Friday, where he extolled the virtues of tech innovation in banking. But he also warned of the need for secure and responsible advancements. To democratize financial services through technology is the goal, but to guard against criminals and terrorists is a necessity.

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State Regulators Sue OCC Over Fintech Charter

When the Office of the Comptroller of the Currency (OCC) released an update to its Licensing Manual, which allows for FinTech companies to receive bank charter, the decision was met with some criticism. On Wednesday, The Conference of State Bank Supervisors (CSBS) announced that it has filed a complaint in the United States District Court for the District of Columbia against the OCC, claiming that the attempt to create a national nonbank charter will harm markets, innovation, and consumers.

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