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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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BIS Debuts Innovation Hub To Help Central Banks Collaborate

PYMNTS

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. The IT revolution knows no borders and therefore has repercussions in multiple locations simultaneously.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

However, some speakers at the hearing had many positive things to say about the BNPL model and the benefits of innovative new Fintech products in general, crediting them for increasing inclusion in the financial services industry for underserved and low/no credit individuals. According to Kristen E.

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iZettle CEO: Why PayPal’s Fast-Tracking Innovation To Future-Proof SMBs

PYMNTS

Indeed, just as SMBs have fast-tracked their own digitization efforts, their financial technology partners have also found the current climate to be an opportunity to accelerate innovation and roll out new services to support their merchant and consumer users. Innovation On The Fast Track. The Bigger PayPal Picture.

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WEX CEO: Why Being Agile Is As Important As Being Innovative

PYMNTS

Innovation is good, but flexibility and agility count, too — as does striking while it’s hot. DBI) , an employee benefits administrator, by financial technology services company WEX. Those are the trends that are happening the background.” Future Trends.

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SoftBank Reportedly Tapping Into Online Used Car Trend

PYMNTS

Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. Used Vehicle Trends. What’s not guesswork is that innovation has been steadily increasing in this space. The latest evidence of that comes via Japan-based SoftBank.

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Alipay Rides The Payments Licensing Trend In Europe

PYMNTS

There, PSD2 was designed to encourage FinTech and payments innovation. One of the more recent examples comes from London-based financial technology startup Revolut , which is reportedly “the first London-based FinTech to receive a European banking license.”

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