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Adam Wright joins CA DFPI’s Office of Financial Technology Innovation; meetings available during weekly office hours

CFPB Monitor

AB-1864, which took effect on January 1, 2021 and significantly expanded the powers of the California Department of Financial Protection and Innovation, required the DFPI to establish a “Financial Technology Innovation Office.”. These discussions may include regulatory questions.

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Tencent Gathers Autonomous Tech Team In CA

PYMNTS

We are building a research team for our Auto-drive Team based in Palo Alto, CA,” the company said in job advertisements on LinkedIn, according to Reuters. It will also create a technology committee to help bolster its research and development, as well as foster collaboration and innovation. “If

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Deutsche Boerse goes live with spot crypto trading | Meta is building a giant AI model for videos | X could soon receive payment licenses in NY & CA

Bussman Advisory

Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! More information on www.bussmannadvisory.com.

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Next-Level Robotics Arrives, But Enterprises May Not Be Ready

PYMNTS

age of automation and data sharing, analysts say there is yet another wave ahead, combining smart technologies to make businesses more efficient. Technological innovation waits for no one, though, and the next phase of the automation wave is here, according to NICE Actimize. Industry 4.0

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PayRails Expands Credit Union Collaboration Initiative

PYMNTS

The new additions were Unify Financial Credit Union, from Torrance, CA, Evansville Teachers Federal Credit Union of Evansville, IN, Pen Air Federal Credit Union of Pensacola, FL and Nusenda Credit Union from Albuquerque, NM. Payrailz announced the addition of four new investors to its credit union-sponsored payments CUSO, CU Railz.

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Uber’s Self-Driving Vehicles Get On-Road Permit For CA

PYMNTS

An Uber spokesperson called San Francisco “a great city to gather key learnings for self-driving technology,” due to its complex and changing environment. Uber doesn’t have concrete plans to put the vehicles back on the roads yet, but said it will notify the required authorities if it plans to return to San Francisco.

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

CFPB Monitor

Establishing a new Financial Technology Innovation Office. Licensing and examining new industries “that are current under-regulated”. Protecting consumers through enforcement against unfair, deceptive, or abusive activities. The budget includes a $10.2 million Financial Protection Fund and 44 positions in 2020-21, growing to $19.3

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