The announcement by the OCC on December 2nd that it will offer FinTech
companies the opportunity for a charter opens a new avenue of competition for
community banks. As the WSJ
points out in its story,
Those FinTech lending companies are a perfect example of
those ready to respond with added services to get new revenues and
relationships. It is time for your
financial institution to provide digital technology to compete, like our
MinuteLender® digital technology for consumers and small business. Contact us today for a demo, or register here for our next webinar on “Digital Lending for Community
Banks,” on December 20th at 2:00 pm EST.
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ReplyDeleteNow most of the banking organizations are continue their competition each other. But at present most of the client choose payday loan because now they are providing different kinds of loan with out lots of difficult requirements. I am also happy for that.
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