The agency's departing acting director filed a proposal Monday for a new sandbox that would grant firms a legal safe harbor and "exemptive relief" from enforcement.

The Bank of England is upgrading the U.K.’s Real-Time Gross Settlement system. Separately, the U.K. payments authority is developing a New Payments Architecture that will upgrade Britain’s Faster Payments real-time retail system.

KKR, which has a substantial financial services portfolio, has made a $75 million equity investment in Cross River Bank, part of an overall $100 million capital raise. Cross River will use the funds to expand the technology and compliance infrastructure that it provides to fintech organizations.

JPMorgan Chase is beefing up its technology presence in Israel, joining other global financial firms seeking to benefit from the country's large pool of fintech experts.

Data regulations pressure small banks and credit unions, which could benefit from a pro-innovation regulatory environment, according to Stephen Menon, vice president of product at Finn AI.

The New Jersey bank is offering fintechs ways to stay compliant with consumer protection regulations.

Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.

Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.

Sunrise Banks in Minnesota, which has a mission of helping underserved communities, also provides compliance services to fintechs with a similar mission.

Mirador's digital-lending platform lets banks and credit unions make decisions on loans within 24 hours.

The Chicago bank's new partnership with AutoGravity mirrors others struck this year by JPMorgan Chase and U.S. Bank with providers of mobile apps that bundle the car-buying and lending processes.

Since banks are under constant attack by hackers, the startup XM Cyber is offering them a simulator that seeks to do its virtual worst in order to prevent a real breach.

Banks are generally reluctant to let industry entrants run their infrastructure, and few fintechs dare try. Enfuce, which was founded by local industry veterans, bucks the trend.

The online lender has acquired NextGenVest, which uses AI and text messaging to advise high school and college students about getting loans. CommonBond’s goal is to better understand the distinctly different demographic group rising behind millennials.

The National Credit Union Administration and other federal regulators said in a joint statement that they will take an institution's level of innovation into account in supervising its anti-money-laundering procedures.

The agency's semiannual report on risks in the industry focused heavily on the high volume of commercial loans as well as banks' exposure to nonfinancial corporate debt, which is near a record share of GDP.

The company, which helps banks develop high-tech products and services, has agreed to buy Gro Solutions after recently completing its deal for Cloud Lending.

The federal regulators said in a joint statement that they will take a bank's level of innovation into account in supervising its anti-money-laundering procedures.

Regulatory, data management and poor training can stop a fintech it can even get off the ground, according to Michael Dawson, managing director and CEO of Promontory Asia.

Building alliances with startups is the most affordable route for community banks that want to offer innovative services, but industry officials cautioned that they must be balanced with smart internal investments, too.