Fintechs Face Difficult Regulatory Realities on Charters

April 25, 2019 at 06:28PM WASHINGTON, D.C. — Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday. Both regulators said proving the necessary capital and profitability have been particularly difficult for […] via Bank Innovation http://bit.ly/2XKMxi2 Continue reading Fintechs Face Difficult Regulatory Realities on Charters

3 Notable Regtech Startups: Apiax, ComplyAdvantage, Ascent

April 02, 2019 at 02:00PM Regulations such as PSD2 and GDPR (General Data Protection Regulation) have put regtech companies at the front and center of the global fintech ecosystem. In fact, a recent report shows that the global regtech market is expected to grow from $4.3 billion last year to $12.3 billion by 2023. With such strong tailwinds behind the […] via Bank Innovation http://bit.ly/2FVa4qn Continue reading 3 Notable Regtech Startups: Apiax, ComplyAdvantage, Ascent