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US regulator raises concerns over Apple’s foray into short-term lending | Barclays takes stake in crypto firm Copper | Jack Ma to give up control of Ant

Bussman Advisory

The latest edition of the FinTech Ecosystem Newsletter is here : Interested in FinTech or Digital Assets related Advisory or Workshop? The post US regulator raises concerns over Apple’s foray into short-term lending | Barclays takes stake in crypto firm Copper | Jack Ma to give up control of Ant appeared first on Bussmann Advisory AG.

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Apple sidelines Goldman Sachs & goes in-house for lending | Citigroup plans to hire 4,000 tech staff | Deutsche Bank calls Russia IT staff to Germany

Bussman Advisory

The latest edition of the FinTech Ecosystem Newsletter is here : Interested in FinTech or Digital Assets related Advisory or Workshop? The post Apple sidelines Goldman Sachs & goes in-house for lending | Citigroup plans to hire 4,000 tech staff | Deutsche Bank calls Russia IT staff to Germany appeared first on Bussmann Advisory AG.

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CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans

Abrigo

The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans. Other staff are helping clients with additional needs during the crisis, including deferring loan payments, waiving fees, and hosting virtual financial wellness workshops.

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Goldman Sachs Provides $100M Loan To Konfio

PYMNTS

Goldman Sachs Group is giving a $100 million loan to Konfio, marking the first time the lender’s structured finance, investment and lending business has provided a credit facility to a Latin American FinTech. Konfio’s technology is also able to keep non-performing loans under control, with the company’s delinquency rate at 4.8

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FTC sends 2016 ECOA report to CFPB

CFPB Monitor

In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers. Changing demographics workshop. Interagency fair lending task force. Fintech forum.

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Can Real-Time Data Render Credit Scores Obsolete?

PYMNTS

At a recent workshop, the governor of the State Bank of Pakistan announced that it will pursue the adoption of the National Payment Systems Strategy (NPSS) with the goal of increasing Pakistan’s GDP by 7 percent and boosting job creation in the country. Reducing Reliance On Credit Scores For Lending. Around The Faster Payments Worl d.

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Helping credit unions grow organically: Proper software implementation & integration

Abrigo

The implementation of lending software, like that provided by Sageworks to community banks and credit unions, requires a similar, systematic approach for onboarding. This could include case study preparation, onsite training, web-conferencing, workshops with other institutions and ongoing User Groups.

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