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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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Senate bill would let small businesses use SBA loans to cover fintech fees

Payments Dive

The Financial Technology Association is backing a bill that would clarify that loans made through the Small Business Administration’s flagship lending program can be used to pay for fintech services.

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Six Keys to Meaningful Evaluation of New Financial Technology

Jack Henry

The events of the last 18 months have reinforced the need for banks and credit unions to evaluate their digital delivery channels and to invest in technologies that will help them move forward. And, that was before the pandemic drove institutions to accommodate remote servicing demands in 2020 and 2021.

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Financial Technology Company Cross River Raises $100 Million In Funding

PYMNTS

Cross River, a provider of banking services for financial technology companies, has raised about $100 million in a funding round, according to a report by the company. A large portion of the money — $75 million — was from KKR, a global investment firm.

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The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. sought external financing in 2016 , suggesting these firms simply aren’t interested in lending technologies or accessing, for instance, a loan from an alternative finance provider.

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Four Emerging Trends Driving Financial Technology Through 2020

Jack Henry

The world of financial technologies has bee n experiencing dynamic changes in recent years. As we prepare to enter 2020, it is important to look at how the past 10 years have shaped our industry and highlight emerging trends that are likely to dominate the software development landscape in the next 12 months.

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FIS integrates Lendio's technology

The Paypers

Global financial technology company FIS has integrated Lendio ’s technology to introduce its new SMB Digital Lending solution and support small businesses in accessing funding.