FinTech Connector

Over 800 Innovators in our community are interested in asset tokenization and blockchain: builders and creators around the world. A community since 2017. Basic membership is complimentary for Innovators and Enablers. Join FinTech Connector: members.fintechconnector.com… #Fintech

Selling AI agents to banks in Hong Kong? The HKMA's new ART framework for AI in banking comes with an upcoming paper exploring a registry of material AI agents and intervention mechanisms. Fintech vendors: be ready to show who owns each agent and how to stop it. #AI #Fintech

California's AB 2116 could require fintech lending marketplaces and embedded-lending platforms that refer small businesses to lenders to get a license from Jan 1, 2028, per Ballard Spahr. Map your model, then find partners: members.fintechconnector.com… #Lending #Fintech

The OCC assessed a $750 million penalty against Bank of America, N.A., the largest in OCC history, citing deficient transaction monitoring, late SARs and failures to escalate. FinCEN assessed $1.2 billion, crediting it. Could you show how an alert becomes a SAR? #AML #Fintech

Enablers on FinTech Connector are open to working with founders: Advisory and strategy Board roles Working for a fintech Investing Innovators, take a look: members.fintechconnector.com… #Fintech

Valon says two of the ten largest US mortgage servicers, ServiceMac and Carrington Mortgage Services, are live on ValonOS, its AI-native operating system. It says one in six outstanding US mortgages is under contract to run on it. Live beats contracted. #AI #mortgages

Thailand's crypto ETF rules took effect Oct 16. At first, funds can track only Bitcoin or Ether, trade only on the Stock Exchange of Thailand and use SEC-regulated custodians. Brokers can't lend on margin to buy them, Cointelegraph reported. A regulated wrapper first. #crypto

Fintech in Ten from FinTech Connector: 1. US banks block outside AI agents from moving money 2. South Africa opens its payments rails to non-banks 3. Japan's megabanks test a joint yen stablecoin All ten, with sources: members.fintechconnector.com… #Fintech

Two maps to draw before you scale in the US: where each flow of funds is licensed or exempt, and which data enters your credit decisions. Connections on our platform can start from either one: members.fintechconnector.com… #fintech

Calcalist reported that Revolut is hiring in Israel for credit, risk, collections, AML and compliance roles as it works toward a license to expand there. No launch date has been announced. Controls before campaigns. #banking

The Texas Department of Banking said an Oct 5 consent order found Set Forth conducted money transmission without a Texas license. Set Forth agreed without admitting violation, then changed its model to qualify for an exemption. Map every flow of funds to a license. #compliance

When written guidance gets shorter, the bank-fintech agreement has to get clearer: who keeps the records, who handles complaints, who runs AML. Connections on our platform between Innovators and Enablers can start from that split: members.fintechconnector.com… #banking

Mexico's Sofipos want to move from issuing to accepting payments at the merchant counter. Expansión reported their association says authorities confirmed they can do acquiring, and the CNBV is updating payment network rules. Acquiring is the next Sofipo test. #payments

Nigeria's Jan 1, 2027 deadline to host payment data in-country "hasn't changed," a Central Bank of Nigeria official said, Arise News reported. The work covers the full data lifecycle, starting with a data audit. Where each payment record lives is now a dated project. #payments

Whether the next check comes from a federal examiner, a state or a bank partner, the evidence you keep is what lets you launch. Connections on our platform can start from that question: who checks your work? members.fintechconnector.com… #compliance

Reuters reported, citing three people, that more than half of the CFPB exams resumed this spring went through an "expedited review." The CFPB did not respond to Reuters. Lighter exams, same rules. Often the strictest reviewer is a bank partner or a state. #compliance

GCash parent Mynt listed on the Philippine Stock Exchange on Oct 20, Manila time, under the ticker GCASH, per the PSE. Our view: a listed wallet answers to a new audience, its shareholders, alongside users and regulators. #fintech

On a new rail, the first participants decide which products get built first. RTP's One Leg Out early adopters are the US case right now. Connections on our platform can start from that question: who is on the rail on day one? members.fintechconnector.com… #payments