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OCC’s New Office of Financial Technology Portends Increased Supervisory Activity

CFPB Monitor

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

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Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019.

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PayMaya to establish its digital bank

The Paypers

Voyager , through its financial technology arm PayMaya , has obtained the approval of the Monetary Board of the Bangko Sentral Pilipinas (BSP) to establish a digital bank.

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Grab-Singtel Ramps Up Hiring For Singapore Bank; Plans 2022 Launch

PYMNTS

A new Singaporean digital bank formed in a joint venture between Grab Holdings Inc. The new digital bank is coming about after the joint venture won one of two licenses for full digital banks awarded last week (Dec. and Singapore Telecommunications Ltd. 4) by the Monetary Authority of Singapore.

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Sunway to apply for digital banking licence

The Paypers

Sunway has announced it plans to apply for an online-only banking licence with undisclosed partners to expand its reach in the financial technology sector.

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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5

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Fintech Avant launches digital banking platform

The Paypers

Avant , a financial technology firm that aims to give middle-income consumers access to the credit they ‘deserve’, has announced the official launch of Avant Banking.