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OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Global Fintech & Digital Assets

The Guidance applies to all OCC-regulated institutions, including national banks, federal savings associations, covered savings associations, and federal branches and agencies of foreign banking organizations. The OCC also highlighted that the Guidance applies to community banks engaging in (or considering engaging in) BNPL lending.

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How Banks Can Overcome 10 Challenges with FedNow Payment Sending and Acceptance

Finovate

Banks connected to the FedNow network range in size from under $500 million to more than $3 trillion in assets. Of the FedNow participants, 78% are community banks and credit unions. Close to 60% of the financial institutions on board with FedNow can receive payments, while only 40% of firms have signed up to send payments.

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A First Look at What’s Coming to the FinDEVr Stage this October

Fintech Labs Insights

Backbase will talk about its Digital Banking Platform and its Open Banking Marketplace. Fueled by a strong, open API strategy, Backbase’s platform gives FI’s the ultimate freedom and flexibility to work with any core and third party vendor, to create a best-of-breed digital banking offering for their clients.

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37 Corporate Innovation Labs In Finance

CB Insights

Working with FCAT, the charity searched for third-party vendors and iterated testing on compliance with legal and regulatory requirements to be able to accept Bitcoin. Intended to mimic the approach of a startup, it aims to find ways to disrupt community banking.