April 3 – Citi Digital has published a new report, entitled; “The March Toward Digital Money: Bringing the Underbanked in from the Cold.”
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March 8 – U.S. Reps. Keith Rothfus, R-Pa., and Jim Himes, D-Conn., reintroduced the Federal Savings Association Charter Flexibility Act, supported by the American Bankers Association. The ABA called the bill “the epitome of sensible regulatory relief,” and said it would give greater flexibility to institutions chartered under the Home Owners Loan Act.
According to the ABA, the legislation will allow a federal savings association to elect to function as, and be regulated like, a national bank without having to change charters or governance structure.
February 20 – Federal regulatory agencies would be required to take risk profiles and business models of institutions into account when crafting regulations, in a new bill introduced by Sen. Mike Rounds, R-S.D., a member of the Senate Banking Committee. Rounds also introduced a bill to defund the Consumer Financial Protection Bureau. (more…)
December 16 – Even Financial, a dedicated supply-side platform for online finance products and services, has increased loan originations by 205 percent quarter over quarter since the beginning of 2016. With more than $1.5 billion in loan requests, the platform has grown to serve over one million customers with its proprietary API and a broad network of consumer portal partners, backed by leading analytics and funnel optimization designed specifically for online finance.
What are your expectations for farm income and/or outputs?
We are in a very challenging time on the farm income side and that is likely to continue at least for a bit as we work through the surplus grain that is out there right now. So, when you look at the next couple of years, it could continue to be difficult for farmers to remain profitable. But long term, I remain very optimistic about the future of agriculture. The world needs the products we produce in agriculture, and even more so as world population grows and the middle class around the world expands. So, we will have challenges and ups and downs, but long term I’m excited about the future of agriculture.
November 28 – A new report published by Allied Market Research titled, “World ATM Market – Opportunity Analysis and Industry Forecast, 2014 – 2020,” forecasts that the world ATM market is expected to garner revenue of $21.9 billion by 2020, registering a CAGR of 7.7% from 2015 to 2020. Integration of wireless communicating devices (smart phones) with ATM machines has reduced ATM frauds arising due to card skimming. This factor has significantly fostered the adoption of smart ATMs, which has consequently fuelled the growth of the world ATM market. According to the Federal Reserve System, the ATM market in developed countries, such as the U.S., the U.K., Canada, and France has attained maturity, while the Reserve Bank of India forecasts a rapid growth of the ATM markets in the emerging countries.
November 16 – Juniper Research has found that Fintech platform revenues to support lending and financing are set to reach $10.5 billion globally by 2020, doubling the $5.2 billion expected this year.
October 18 – New research from leading Fintech analyst, Juniper Research, finds that over 2 billion mobile users will have used their devices for banking purposes by the end of 2021, compared to 1.2 billion this year globally. Growth in mobile banking is being driven by consumer adoption of banking apps the changing way consumers manage their finances.
October 13 – Jack Henry & Associates’ JHA Payment Solutions group has announced the availability of JHA EPS SmartPay Biller Direct℠, an electronic bill, invoice, and payment solution.
September 21 – A new study from Juniper Research has found that the global value of contactless POS (point of sale) terminal transactions, conducted in-store via cards, mobile and wearables, will approach $500 billion annually by 2017; this is up from an estimated $321 billion this year.