FinTech Compliance Expertise

Digital Lending: Trends, Consumer Benefits and Regulatory Implications

The use of digital technology and the Covid-19 pandemic have significantly transformed the lending industry in recent years. We see more financial institutions shift towards digital transformation and adopt advanced and innovative technologies like artificial intelligence (AI) and machine learning. The quest for better customer experience, quicker service, and improved profitability has led to the emergence of digital lending.

Growth in Bank-Fintech Partnerships, Examples and Evolving Models

The stats clearly demonstrate the rapid adoption of bank-fintech partnerships in the financial services industry over the last few years. 

Fintech Partnerships: What Stops Fintech from Leveraging Compliance to Increase Profits?

Fintech partnerships between fintech lending platforms and banks are taking place increasingly lately.

Congress Investigates Fintech Lenders

In many ways, small fintech lenders look and behave more like consumers than corporations. But unlike consumers, they are not protected by disclosure requirements under the Truth in Lending Act.

While lenders are required to comply with anti-discrimination laws like the Equal Credit Opportunity Act, these lenders are not subjected to supervisory exams like those required for community banks and credit unions.