FinTech in Focus
Today the Milken Institute Center for Financial Markets is launching the inaugural edition of FinTech in Focus, a compilation of must-read stories about the role technology plays in the delivery of financial products and services. FinTech in Focus, part of the center’s FinTech program, offers a sampling of the week’s top domestic and international headlines and stories about this innovative, fast-growing sector. Selected articles will cover the four verticals of our program: digital and electronic currencies, digital payment systems, online investment and finance platforms, and big data and machine learning. No need to scour the morning newspapers or websites any longer. It’s all right here.
New OCC Task Force on Banking Innovation
U.S. Office of the Comptroller of the Currency is assembling a team to study innovations in the banking sector and consider the regulatory implications.
Full remarks: Thomas Curry, Comptroller of the Currency
Banks Must 'Adapt or Die' in the Digital World, Study Warns
The number of people using mobile banking services is expected to reach 1.8 billion before the end of the decade, promising significant cost savings and increased revenue for firms that offer them, according to a UBS-KPMG report.
Marketplace Lenders Band Together on Small Business Borrowers Bill of Rights
Their efforts coincide with a recent U.S. Treasury Department marketplace lending forum and Treasury's recent request for information.
Small Business Borrowers’ Bill of Rights
Overstock Unveils Blockchain Trading Platform at Nasdaq Event
The unveiling of tØ at Nasdaq in New York marks the trading platform's formal debut.
Study: U.S. Generates 21% of Card Volume, 48% of Card Fraud
In 2014, U.S. fraud losses equaled 12.75 cents for every $100 in total volume vs. 3.73 cents for all other regions.