Open Banking has been one of the most talked about topics in fintech over the past couple of years. In a new LendIt Fintech report we wanted to explore where open banking stands today and what the key issues are for banks, fintechs and service providers. The report covers seven key areas of open banking: […]
Today’s News
- Fintechs Still Haven’t Challenged Banking Revenues in the USA new report released today from Accenture shares the progress that fintechs are making across the globe; one of the main takeaways is that fintechs still haven’t away revenues from banks; nineteen percent of financial institutions are new entrants including challenger banks, non-bank payments institutions and big tech companies, but they only represent 3.5% of […]
- New Data Laws in India Threaten U.S. Payments CompaniesNew rules banning the international transfer of data from India based e-commerce users is threatening some of the biggest payments firms in the world; Visa, Mastercard and American Express all tried to lobby for an extension of the October 15th deadline or for the government to consider an alternative plan for mirroring data onshore and […]
- Making the OCC Fintech Charter Work for the StatesBrian Knight outlines the current fight over the OCC fintech charter sharing the beliefs from the OCC and state regulators; the New York Department of Financial Services has already filed its lawsuit against the OCC; Comptroller of the Currency Joseph Otting responded last month to the lawsuit asking why state regulators want to limit consumer […]
LATEST PODCASTS
Podcast 171: Anju Patwardhan of CreditEase Fintech Fund
There are many VC firms investing in fintech today but most are based in the US or Europe. Our next guest on the Lend Academy Podcast runs a different type of fund that has its origins in China. Anju Patwardhan is a Managing Director of the CreditEase Fintech Fund, which has quietly become one of […]
Podcast 170: Dan Quan, Formerly With the CFPB
I have said many times that regulators have a difficult job. They are not built for the fast changing world in which we live and they often struggle to deal with innovation, particularly in finance. Our next guest on the Lend Academy Podcast has been at the front lines of this struggle. Dan Quan arrived […]
Podcast 169: Jennifer Tescher of CFSI
We have come a long way in the past decade when it comes to innovation in financial services. But how is fintech truly improving the financial health of the average American? Not as much as it should be. Changing this situation is the mission of our next guest on the Lend Academy Podcast. Jennifer Tescher […]