Essential Fintech News - August 2018

 

It’s been a big few weeks for regulatory announcements. The Treasury released the long awaited Fintech report, and the OCC announced their much rumored fintech charter. The states have been vocal with their displeasure about federal oversight. Confused? It’s not just you.

 

As for us, we were happy to see many of the principles that MX lives by come to the forefront in these reports. Transparency, intent and security have always been a core part of our product offerings, and it’s great to see the bar being raised for the industry. As the recommendations make their way through Washington D.C. we hope to see more discussion around the resale of data – a principle that MX is firmly against but that is still widespread in the industry.

 

If you want to get the cliff notes on the 200-page Treasury Report, Ron Shevlin of Cornerstone Advisors does a great job summarizing the highlights and recommendations.

 

 

Research reveals that today's financial marketer must fight on multiple fronts while competing internally for dollars. For instance, if you fail to sell yourself and prove marketing ROI to the C-suite, you won't get the funding you need.

Read more on The Financial Brand (Aug. 8) 

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