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June 5, 2021 Share A top Federal Reserve official raised eyebrows in the financial services world last week by saying that the central bank is stepping up development of a plan that could result in the issuance of a digitized version of the U.S. dollar. In doing so, she indicated that the U.S. is joining a growing movement among major economic powers to rethink how money will be exchanged in the future. The U.S. would not be the first country to consider launching what is known as a “central bank digital currency,” or CBDC. China is taking a leading role. But the significance of t...

Innovative Lending Platform Association promoting transparency A representative of one of the founding companies behind the Innovative Lending Platform Association said their efforts are helping consumers make sense of what can be a confusing sea of lending options. OnDeck vice president of external affairs and general counsel Daniel Gorfine said OnDeck, Kabbage and Can Capital came together in partnership with with the Association for Enterprise Opportunity to help small business owners make apples to apples comparisons between a variety of products, each with their own merits and situations...

Financial Risk monitoring co Solidus Labs raises $20m The firm seeks to transform financial risk monitoring, beginning with the new challenges posed by crypto and digital asset markets. Crypto-native risk monitoring and market surveillance company Solidus Labs today announced it has completed a $20 million financing round as part of its series A funding, led by Evolution Equity Partners, with participation of Hanaco Ventures, 645 ventures, FTX and Avon Ventures. This funding round also includes angel investors with vast regulatory, compliance, capital markets and cybersecurity experience such...

Financial Technology Association : Welcomes New Members 05/03/2021 | 11:31am EDT Send by mail : Message : Klarna, Truework, Nium, Sezzle join cross-section of fintech leaders focused on advancing modern, consumer-centric regulation The Financial Technology Association (“FTA”) announced that Klarna, Truework, Nium, and Sezzle have become the newest members of the trade group. With these new members, FTA expands and deepens its broad representation of the fintech industry ranging from leaders in lending and payments to open banking, artificial intelligence (AI) and machine learning (ML), a...

The Financial Technology Association Names Klarna, Truework, Nium & Sezzle As New Members May 3, 2021 @ 1:55 pm By Samantha Hurst Financial Technology Association (FTA), a trade body for the technology-centered financial services industry, announced on Monday that Klarna, Truework, Nium, and Sezzle have become its newest members. As previously reported, FTA said it believes the successful integration of Fintech solutions in the American financial system starts with the adoption of national policies that recognize the importance of responsible innovation and encompass a coherent vision on key ...