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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print.

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Increasing Headwinds in Corporate Banking?

Celent Banking

As expected, corporate banking operating income and customer deposit balances have experienced healthy growth rates over the past 10 years. In 2014, corporate banking was responsible for 33% of overall operating income and 38% of customer deposits across the 20 banks included in this analysis.

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FTC sends 2016 ECOA report to CFPB

CFPB Monitor

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers. Fintech forum.

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LendingClub Settles With SEC, DOJ

PYMNTS

As technology continues to provide more creative means for financial transactions, so, too, must financial technology companies be careful to abide by the rules that ensure stability and fairness in these emerging markets.” LendingClub has agreed to pay a $2 million civil penalty to settle the matter. “As So, Now What?

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Fintech Trending: P2P, EMV, NFC, NLP… OMG

Fintech Labs Insights

In a $460 million deal, Texas-based ATM operator Cardtronics has acquired Canada-based DirectCash Payments. Regulation. It’s been one year since EMV regulation in the United States was placed into effect. Big handshakes. Cardtronics acquires DirectCash Payments. Happy birthday, U.S. InsurTech Rising.

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The Periodic Table of Tech In Canada

CB Insights

The startups selected for inclusion in the table below all have at least $1M in funding, and have obtained equity funding since 2014. AR/VR : Augmented/Virtual reality companies include AdHawk Microsystems , which creates eye-tracking technology to solve problems faced by AR/VR manufacturers.

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3 Strategies Goldman Sachs can use to build a Fintech powerhouse

Lex Sokolin

There are, all of a sudden, a lot of deals being done across financial technology. I would guesstimate a range of around $100 to $150 million, much of which would go to the core operating team. their websites would facilitate a transaction without running afoul of regulations. Wealthtech is one fire, they say now.