Regulatory agencies are like companies: when one gets wind of a market, others are quick to follow. Expect increased regulatory scrutiny of FinTech in all its forms this year, as regulators seek to catch up with digital innovation. The first three of this week's links show how how the regulatory sector is taking notice in the wake of the LendingClub drama. New York regulator … [Read more...] about FinTech Investigations
BLOCKCHAIN WATCH 05/29/16
There’s been a lot of chatter surrounding the potential blockchain applications, but many banks are still testing. IntelligentHQ outlines the different applications for blockchain in and outside of finance ranging from smart contracts in the legal sector to payments infrastructure. For a breakdown of blockchain companies, visit the Blockchain Angels’ excellent and comprehensive … [Read more...] about BLOCKCHAIN WATCH 05/29/16
Alternative Lending Drama
FINTECH ARTICLES OF THE WEEK 05/22/16 No surprise that much of this week's FinTech news drew this or that lesson from the difficulties at peer-to-peer lender LendingClub. The market is abuzz with possibilities of lower FinTech investment, closer regulatory scrutiny, and either the need for greater partnerships with banks or a sense that perhaps the banking industry is OK on … [Read more...] about Alternative Lending Drama
BLOCKCHAIN WATCH 05/22/16
"Time to tap the brakes on the blockchain," writes bank payment news service PaymentSource, in its daily email of Wed. May 18. Widespread blockchain adoption will take time, according to an MIT panel. Big banks may be getting excited about blockchain and testing its possibilities but ubiquitous adoption of the technology won’t occur in the near future. “The other piece is that … [Read more...] about BLOCKCHAIN WATCH 05/22/16
Innovation and Misconduct
FINTECH ARTICLES OF THE WEEK 05/15/16 FinTech's spring coming out party took place last week, with two days of demonstrations of the cutting-edge of financial services technologies at Finovate. To see what innovations companies debuted, take a look at a summary of Finovate's Twitter feed and the event live blog from financial public relations firm William Mills. At the same … [Read more...] about Innovation and Misconduct
THE BLOCKCHAIN WATCH 05/15/16
As funding for blockchain technology continues to grow, blockchain companies have turned their attention to banks as customers for their financial services offerings, ranging from moving cash and securities to lending. Even major financial players like JPMorgan Chase and Goldman Sachs have begun testing the software. The growing interest explains why investment in the sector … [Read more...] about THE BLOCKCHAIN WATCH 05/15/16