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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

The amount was disclosed in the Annual Work Program, which had been devised by the European Securities and Market authority at the end of last month. community banks and small business lending. Government Accountability Office has said that there has been growth in small business lending, as measured across 2001 to 2017. .

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First New Community Bank In Decades Headed To US Market

PYMNTS

“The bank’s focus is to create financial equality throughout the communities served, by combining the latest technological advancements with community banking values,” MOXY said in its announcement last year before the FDIC’s recent approval. Reports in FinTech Futures on Wednesday (Jan. have emerged to do. .

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Funding Xchange secured $10.3 million as it prepares to launch its lending-in-a-box offering, according to Asset Finance International. Bancorp in 2001 in a $2.1 Venture Capital Funding. Cardlay, based in the U.K., Also in the U.K.,

Strategy 109
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The old borrow short, lend long strategy. The dot-com bubble recession began in March 2001 and lasted only 8 months. percent of all jobs in 2001 to 11.3 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. High-tech employment fell from 12.1 Good times.

FDIC 78
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Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

iTunes dominated after its 2001 release by putting two things in one place that had never existed before: a digital MP3 player that actually worked, properly paired with a store that made accessing music for a small fee much easier than trying to pirate it. The shuttering comes as JPMorgan has spent heavily on technology, with $11.5

Apple 122
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

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A Decline in Personal Savings

TrustBank

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52