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Fintech Act. 22 Jun 2018

Fintech Friday: The U.S. Treasury, sizable fundraising and more…

The rise of fintech platforms has yielded an uptick in banking industry innovation. Newsworthy developments seemingly come in waves, bombarding the news cycle and drowning consumers with vast amounts of information.

As BBVA Compass continues its journey as a leader in the U.S. financial industry’s digital revolution, it pays attention to trends and current events in the world of fintech. In order to also keep consumers up-to-date with latest developments in fintech, will post its weekly Fintech Friday news round-up, giving you the highlights from the week of Fintech news.

Here are this week’s top news items from around the U.S.:

BBVA Compass Highlight: The mobile app is at the top of most banks’ digital strategy. This is especially true for José “Pepe” Olalla, head of business development at BBVA Compass, the U.S. subsidiary of the Spanish bank BBVA S.A. (Source: Bank Innovation)

U.S. Treasury recommendations: A long-awaited report from the U.S. Treasury Department on financial technology will make wide-ranging recommendations about how to modernize regulation at the federal and state levels to promote innovation in financial services, a senior U.S. official said on Thursday. (Source: Reuters)

A $17 million infusion: The crowd lending startup P2Binvestor has secured more than $17 million in funding from more than 20 participants to expand its bank partnership program, the company announced Thursday. (Source: American Banker)

A chabot’s new tricks: Plum, a fintech startup and AI-powered Messenger chatbot, launched an investment tool that lets you choose fund investments based on themes, such as ethical companies or technology. (Source: Tech Crunch)

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