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Avoiding Over-Regulation: American Fintech Council Warns That FDIC New Act Could Hinder Innovation

The Fintech Times

The new proposal will allegedly strengthen FDIC-insured depository institutions’ (IDI) recordkeeping for custodial deposit accounts with transactional features. It would also preserve beneficial owners’ and depositors’ entitlement to the protections afforded by Federal deposit insurance.

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Why Credit Isn’t Working For Financial Inclusion

PYMNTS

Just a few months ago at PYMNTS’ Innovation Project 2016 , PayPal CEO Dan Schulman told Karen Webster that “financial inclusion is really about financial health.”. Acquiring that financial health means financial institutions are able to not only know, but accurately identify, their customers.

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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

The new infrastructure aims to broaden financial inclusion, digitization transactions, and bolster government revenue. Banks are raising concerns that adoption of the eKrona could lead to mass withdrawals of funds in deposit accounts.

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NCR: How Platforms Enable Banks To Be ‘Digital-First’ Fast

PYMNTS

Profitability remains elusive in the Neobank model — which touts 5 million users, but has yet to see heavy transaction activity across direct deposit accounts. To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform. Trust still matters.”.

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Streamly Snapshot: Micro Life Insurance

Finovate

Enhancing financial inclusion with micro life insurance Photo by Arafat Tarif The post Streamly Snapshot: Micro Life Insurance appeared first on Finovate.

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FICO Fact: How Current is the Data in my FICO Score?

FICO

The UltraFICO Score™ empowers consumers to leverage their checking and savings account data to enhance their score. When the UltraFICO Score™ uses this demand deposit account (DDA) data, it’s current as of the day prior to the score pull. Learn more about the FICO® Score: FICO Financial Inclusion Fact Sheet.

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Mastercard, President & CTO Ed McLaughlin?—?Emerging Technologies in Payments

Wharton Fintech

Our ability to, with financial inclusion, reach and serve people we could never reach before, to create new contextual commerce, to say how in new spaces or new environments that people are exploring can we ensure that they can access the Mastercard network, which helps them build their businesses.

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