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CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms
Compliance management Consumer protection laws Featured

CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms

Sudipto Ghosh
by Sudipto Ghosh0
Companies relying on complex algorithms must provide specific and accurate explanations for denying applications The Consumer Financial Protection Bureau (CFPB) confirmed that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor is......
STASH Introduces Exciting Features for DeFi Along with Digital Banking Facilities Inside The Metaverse
Banking Currency Exchange News

STASH Introduces Exciting Features for DeFi Along with Digital Banking Facilities Inside The Metaverse

Fintech News Desk
by Fintech News Desk0
Blockchain-based solution STASH offers high-yielding auto-staking and compounding features and is developing its own Metaverse that will amongst other things be able to offer digital banking facilities from inside the digital city. STASH has strategically partnered with Asia Digital Bank for digital account services and who will soon be offering a crypto debit......
iMaps Capital Markets Expands Product Portfolio With Actively Managed Certificate for AI Trading Strategy
Capital Markets News Trading

iMaps Capital Markets Expands Product Portfolio With Actively Managed Certificate for AI Trading Strategy

Fintech News Desk
by Fintech News Desk0
With its newly launched Exchange Traded Instrument (ETI), iMaps Capital Markets is pursuing a trading strategy supported by artificial intelligence in order to benefit from developments on the international currency markets iMaps Capital Markets (iMaps), a brand of the European structured products issuer iMaps ETI AG, in cooperation with Aiternativ......
PingPong Enters Partnership With BNP Paribas to Expand Acquiring Service Capabilities
Digital Payments News

PingPong Enters Partnership With BNP Paribas to Expand Acquiring Service Capabilities

Fintech News Desk
by Fintech News Desk0
PingPong Payments, one of the world’s leading end-to-end payment solutions for global cross-border businesses, has entered into a partnership agreement for acquiring services with BNP Paribas, the largest European bank. PingPong Payments is the first cross-border payments company in the industry to support the EU’s DTC (Direct-to-Consumer) market, adding to......
Vise Partners with Paul Hatch’s Vestria Capital to Help Financial Advisors Create Custom Portfolios in Minutes
Finance News

Vise Partners with Paul Hatch’s Vestria Capital to Help Financial Advisors Create Custom Portfolios in Minutes

Fintech News Desk
by Fintech News Desk0
Vise, the technology platform that allows financial advisors to build custom portfolios for their clients in minutes, is partnering with Vestria Capital, a new RIA accelerator led by Paul Hatch that provides flexible capital to growth-oriented firms. A 30-year veteran of the financial advisory industry, Mr. Hatch is the former Vice Chairman......
Formo Holdings – The Next Big Thing in DeFi Investment Solutions
Cryptocurrency DeFi Investment Services News

Formo Holdings – The Next Big Thing in DeFi Investment Solutions

Fintech News Desk
by Fintech News Desk0
Decentralised finance (DeFi), also known as open finance innovation, was a watershed point in the history of finance. With the advent of tokens like Compound and Sushiswap promising significant payouts to crypto traders, it grew to prominence in the summer of 2020. According to DeFi Pulse, the total value locked......
Lendflow Launches Powerful Credit Decisioning Engine to Transform the Embedded Credit Space
Lending News

Lendflow Launches Powerful Credit Decisioning Engine to Transform the Embedded Credit Space

Fintech News Desk
by Fintech News Desk0
The new product launch cements Lendflow as a major player in the embedded finance industry Lendflow, the market leader in embedded lending, announced its new Credit Decisioning Engine that enables Fintechs and Vertical SaaS companies to easily build, embed and launch credit products such as credit cards, buy-now-pay-later, and small......
81% of Frontline Fraud Fighters Say Financial Services Organizations Could be Doing More to Fight Fraud
Finance Investment Services News

81% of Frontline Fraud Fighters Say Financial Services Organizations Could be Doing More to Fight Fraud

Fintech News Desk
by Fintech News Desk0
Survey from ID Insight and About-Fraud Uncovers Fraud Fighters’ Opinions About What Financial Services Companies Can Do – and Invest in – to Support Success New research released finds that frontline fraud fighters believe there’s much more to be done in the multi-billion-dollar battle against fraud, and provides financial services......
CasperLabs to Provide Open, Permissioned Network for Implementation of Government of Telangana Blockchain Initiatives
Blockchain News

CasperLabs to Provide Open, Permissioned Network for Implementation of Government of Telangana Blockchain Initiatives

Fintech News Desk
by Fintech News Desk0
CasperLabs and State of Telangana will work together to promote building applications on the Casper Technology infrastructure CasperLabs, a leading blockchain software company for the enterprise market, announced a partnership with the Indian State of Telangana. Under terms, CasperLabs will develop, set up, and operate the first “open, permissioned network”......
Paddle Integrates Alipay, Google Pay and iDeal, Empowering Software Businesses to Sell and Grow Globally
Digital Payments News

Paddle Acquires ProfitWell to Automate Payments Infrastructure for SaaS Companies

Fintech News Desk
by Fintech News Desk0
Over 30,000 companies including Canva, Autodesk, Masterclass, and Notion use Boston-based ProfitWell’s free subscription financial metrics and automatically optimize their pricing and reduce their cancellations using ProfitWell’s other products Paddle, the complete payments infrastructure for SaaS companies, announces it has acquired ProfitWell, the leading provider of subscription metrics and retention automation......
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