Despite often operating on a nationwide scale, fintech companies rarely meet the stringent requirements for obtaining a national banking charter. Under the current regulatory landscape, these companies must therefore secure...more
The country with the most cashless consumer transactions announced this week that it plans to test its own cryptocurrency “that can work as a complement to cash.” Sweden’s central bank, the Riksbank, stated it will be...more
The financial services industry has seen an explosive growth in Artificial Intelligence (AI) to supplement, and often supplant, existing processes both customer-facing and internal. Given the potential created by rapid...more
Mike Breslin recently moderated a panel at the American Bar Association's Section of Litigation & Solo, Small Firm and General Practice Division CLE Conference that discussed Fintech trends and developments....more
Kilpatrick Townsend’s Michael Breslin recently moderated a panel of leading experts who discussed “What’s Hot in
Financial Technology: Latest and Greatest Developments and Fintech Trends.” The panel gathered at the American...more
We previously reported on Social Finance, Inc.’s application for an industrial loan company (ILC) charter. That is now over, at least for the time being. On Friday, October 13, the online lender announced it is withdrawing...more