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FHFA announces Office of Financial Technology

CFPB Monitor

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

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NY Fed Creates FinTech Advisory Group

PYMNTS

The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1. Members will participate on a rotational basis.”.

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Fintechs seek US government funds to help make business loans

Bank Innovation

Financial-technology firms including PayPal Holdings Inc. Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc., government funding. and to permit the firms to […].

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StanChart Deepens China Focus With Innovation Lab Launch

PYMNTS

bank Standard Chartered is expanding its network of innovation labs with the launch of an eXellerator lab in Shanghai, reports said this week. The latest lab will aim to promote collaboration between the bank’s employees, corporate clients and FinTech partners to develop new financial services for businesses.

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Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety

PYMNTS

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. Regulation Throws FinTech Off-Guard.

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Sign of fintechs' evolution: Two new D.C. trade groups

Payments Source

The American Fintech Council and the Financial Technology Association say they’ll promote responsible innovation, fair access to financial services and more. Their dozens of members include some of the biggest names in fintech. ]].

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Yolande Piazza Officially Head of Citi Fintech

Bank Innovation

Citi Group named long-time executive Yolande Piazza the head of Citi Fintech today. Piazza, a 30-year financial technology veteran, who has been serving Citi in a variety of roles since 1988, will lead the group’s efforts in mobile, payments, and general fintech innovation.

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