FINTECH ARTICLES OF THE WEEK 08/28/16 FinTech hubs come together under the auspices SWIFT, an organization that needs innovation to increase security and has a franchise to protect in the long term. Regulators are balancing innovation as well, and the obvious tip of the balance toward plastic payments is not so obvious to a generation that experienced the financial crisis in … [Read more...] about The FinTech Balancing Act
Regulation
Brexit Business
FINTECH ARTICLES OF THE WEEK 07/10/16 It's been a little more than two weeks since the Brexit vote, and it seems to me that the analyses are getting less shrill and more realistic. The links below provide Brexit perspectives on technology in general and financial technology in particular. Meanwhile, banks continue with the trials and tribulations of digital transformation, … [Read more...] about Brexit Business
The Regulators are Rightly Watching
Marketplace lending and distributed database technology got mentions in the "Potential Emerging Threats and Vulnerabilities" section of the U.S. Dept. of the Treasury's Financial Stability Oversight Council's 2016 Annual Report (PDF), released June 21, 2016. I read the section on distributed ledgers as largely positive for the technology's potential, with a note to keep an eye … [Read more...] about The Regulators are Rightly Watching
Banks v. FinTechs?
FINTECH ARTICLES OF THE WEEK 06/12/16 Banking and financial technology continues to meet over the evolving regulatory regime. Regulators are seeking guidance as they work to catch up with the pace of technology. Of particular significance, representatives of central banks learned more about digital currency technologies at the Federal Reserve's annual meeting. See this week's … [Read more...] about Banks v. FinTechs?
FinTech Investigations
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
The Bank Advantage
FINTECH ARTICLES OF THE WEEK 05/08/16 Traditional banking head honchos met in secret to move digital money, one Silicon Valley company looks to create … a bank, and FinTech firms are banding together to brace for the watchful eye of Washington regulators. That's the bank advantage in this week's links. Inside the secret meeting where Wall Street tested digital cash Last … [Read more...] about The Bank Advantage