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UK Retail Banks Draft FinTech Alliance Guidelines

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banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). USD) a year into financial technology companies. has been a hotbed of FinTech startups.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

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Those interviewed by the GAO also said that guidelines would be of help in making sure lending is done efficiently. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties. Such alternative data, said the GAO, could pose risk to such lending decisions.

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 FinTech Collaborations and Frameworks Gain Steam in Asia

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As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country. Fujitsu has noted that there has been a shortage of data specialists that can provide credit analysis in the country.

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