Financial Institutions, Technology, Innovation

Why Traditional Banks Keep Failing At Fintech

K2 Integrity on 3/13/2025

Yet another bank-led fintech venture has shut down within a year of its launch. HSBC’s Zing, a payments app, failed to gain traction beyond its initial market and was discontinued. Despite ambitious plans to expand across two...more

CFPB seeks ideas on using Tech Sprints to encourage regulatory innovation

Ballard Spahr LLP on 9/20/2019

The CFPB has published a notice in the Federal Register seeking ideas on how it can use Tech Sprints to advance regulatory innovation and compliance. Comments are due by November 8, 2019. ...more

Bank for International Settlements to Establish Innovation Hub for Central Bank Financial Technology

A&O Shearman on 7/15/2019

The Bank for International Settlements has announced it will establish an innovation Hub to encourage international collaboration on innovative financial technology for central banks. The Hub's purpose will be to: (i)...more

Comptroller of the Currency Tom Curry Discusses Fintech Charters

Orrick, Herrington & Sutcliffe LLP on 3/8/2017

In his remarks at the LendIt Conference in New York, Comptroller of the Currency Tom Curry discussed the special purpose national bank charters to be granted by the OCC to fintech companies and addressed the various...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 2/23/2017

A review of the Fed minutes released yesterday shows the willingness of some Fed Governors to start rate raising again sooner rather than later....more

OCC Establishes New Third-Party Risk Management Expectations, Including for Bank Relationships With Marketplace Lenders

Troutman Pepper Locke on 2/22/2017

The bulletin requires relationships between banks and marketplace lenders to be treated with the same rigor of due diligence and ongoing oversight as other relationships with third parties. On January 24, the Office of...more