Fintechs partner with small banks to offer financial services

Fintechs partner with small banks to offer financial services | BIS: Large banks less of a threat to economy | BIS: Banks face more CLO risk than direct exposure implies Created for {EMAIL} | [Web Version]( September 25, 2019 [SIGN UP]( ⋅ [FORWARD]( [] Risk Management and Insurance [] [Fintechs partner with small banks to offer financial services]( Financial technology companies are partnering with small banks to offer financial services, which in turn helps small banks grow. The partnerships eliminate the need for the fintech to have a bank charter of its own and only two fintechs, Social Financial and Square, have applied for industrial loan charters. [Bloomberg (tiered subscription model)]( (9/23) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [BIS: Large banks less of a threat to economy]( Major banks do not pose the same threat to the economy as they did before the financial crisis, the Bank for International Settlements says. Regulatory changes after the crisis have helped the most crucial institutions become more resilient to shocks, according to the BIS. [Bloomberg (tiered subscription model)]( (9/22) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [BIS: Banks face more CLO risk than direct exposure implies]( BNN Bloomberg (Canada) (9/22) [] Cybersecurity [] [Exchange hacks spark more interest in blockchain security]( With recent theft by hackers of cryptocurrency, banks have put more of an emphasis on ramping up their investment in blockchain security, experts say. This comes as more investors are jumping into blockchain security start-ups. [Financial News (UK) (subscription required)]( (9/23) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Government Regulation [] [Bullard: Fed rate cut helped the economy]( Last week's quarter-percentage-point interest rate cut improved economic outlook, said Federal Reserve Bank of St. Louis President James Bullard. The Fed board is considering future rate cuts "meeting-by-meeting" and Bullard said he supports another quarter-percentage-point decrease. [The Wall Street Journal (tiered subscription model)]( (9/23) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Innovation [] [Analysis: Online banks have about 10% of US deposit market]( Online-only banks, including Ally Financial and Capital One, are continuing to grow and hold about 10% of US deposits, according to analysis by Evercore ISI. The 10 largest banks have 48% of US deposits. [Reuters]( (9/23) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Wells Fargo partners with Plaid on data sharing]( PYMNTS (9/19) [] News from Aon [] [Aon launches worldwide partnership with the Ryder Cup]( Beginning in 2020, The Ryder Cup and Aon will introduce a multi-platform partnership that focuses on the risk-reward narrative that is so authentic to the event and includes the introduction of a new award that celebrates the defining moments at the Ryder Cup. Working in conjunction with Ryder Cup broadcast partners NBC, Golf Channel and Sky Sports, Aon will showcase the defining moments of the tournament and give fans an "inside the ropes" look at how captains and players work together to develop a winning strategy that maximizes team performance. [Learn more](. [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [Finding stability amid an evolving terrorist threat]( Nearly two decades on from the devastating 9/11 attacks, the threat of terrorism is still present -- and has evolved. In the US, the response to 9/11 included the Terrorism Risk Insurance Act in 2002 as a financial backstop to protect private markets against losses incurred from terror incidents. To date, the role TRIA has played has been critical to a stable insurance market. [Read more](. [LinkedIn]( [Twitter]( [Facebook]( [Email]( Learn more about Aon Financial Institutions: [Aon Home Page]( | [Aon Financial Institutions]( [Thought Leadership]( | [Media Room]( [] [] Live up to your convictions. You walk in grace or you walk in fear. You can't have it both ways. Carlos Santana, Mexican American guitarist, musician National Hispanic Heritage Month is Sept. 15 to Oct. 15 [LinkedIn]( [Twitter]( [Facebook]( [Email]( About Aon Financial Institutions The Aon Financial Institutions Practice develops risk transfer and consulting solutions for a wide range of businesses including banks, insurance companies, asset managers and diversified investment and finance firms. Our experts draw on deep experience in developing products involving management and professional liability, property and casualty, cyber, operational and enterprise risk management, environmental liability, employee benefits, and transactional solutions. These solutions help clients build a tailored risk management program that empowers results for their organizations. Contact Aon Aon Financial Institutions Jacqueline Quintal | Managing Director Financial Institutions Practice Leader t. 212.441.2339 jacqueline.quintal@aon.com [www.aon.com]( [Linkedin]( [Twitter]( About Aon Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. 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