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FinTech Could Be Hurt By Fight Between OCC And States

PYMNTS

The FinTech industry’s future could depend on the outcome of a fight between the Office of the Comptroller of the Currency (OCC) and states, according to a report in TechCrunch. The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices.

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Top News in Payments: Uber Halts Upfront Pricing in CA; Amex Cleared To Operate In China

PYMNTS

Hundreds Of FinTechs Move From UK To EU Ahead Of Brexit. With Brexit approaching, one question worth posing is: What will happen to FinTech? Specifically, what will happen to London’s standing as a FinTech hub?

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Looking Beyond The Card To Drive Commercial Adoption

PYMNTS

Ro Khanna (D-CA) and Anthony Gonzalez (R-OH). Together with expense management FinTech Emburse, Mastercard and Amazon Business will enable joint corporate customers to automate the capture and management of spend data through enhanced functionality like automated receipt generation and expense itemization.

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Blockchain Starts 2017 With A Bang

PYMNTS

356 blockchain-related patents were pursued by companies last November, more than double the number pursued by businesses last January, according to Reed Smith FinTech intellectual property expert Marc Kaufman, reports said last week. trillion in just five years. reports noted.

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NEW REPORT: Is Security Holding Omnichannel Banking Back?

PYMNTS

FinTech security solution provider Deposit Solutions , for one, recently wrapped up a funding round worth $100 million, the second largest round ever received by a German FinTech player. The company’s solutions work to connect “more than 70 banks from 16 countries” to data on more than 30 million consumers. About the Report.

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CA and NY governors propose expansion of state consumer financial protection regimes

CFPB Monitor

The DFPI’s activities would include: Offering services to empower and educate consumers, particularly older Americans, students, military service members, and recent immigrants.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. This bill of “personal financial data rights” is similar to the California Privacy Protection Act that is already in force for banks doing business in CA.