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Zopa P2P Lender To Land 12th-Hour Investment To Become Bank

PYMNTS

Launched in 2005, Zopa is considered one of the world’s first P2P lenders, lending almost £4 billion to consumers in the U.K. Acquiring our banking license is the starting point for Zopa to become a major force in retail banking,” said Jaidev Janardana, Zopa’s chief executive, in a statement last year. -based fund, and its U.K.

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Zopa Secures UK Banking License

PYMNTS

million) from new and existing investors in two funding rounds since applying for the banking license in 2016, and it added several former banking executives to create a board. At the time, Zopa said it raised £60 million ($67.7

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FFIEC issues updated guidance on authentication and access

CFPB Monitor

The Guidance, which replaces previously issued 2005 and 2011 FFIEC guidance, is not intended to serve as a comprehensive framework for identity and access management programs and does not endorse any specific security framework or standard.

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Top 15 Digital & Online Insurance Providers for Small Businesses (SMB): June 2021

Fintech Labs Insights

Enter the digital insurance challengers aiming to fill the gaps through simple online/mobile interfaces. NEW : Looking for digital banks, lenders or corporate charge/credit cards serving small businesses? Check out our latest lists: SMB online lenders (26) | SMB charge/credit cards (15) | SMB challenger banks (10) .

Online 15
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players.

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Fintech’s Third Crisis is Tipping Point to a Digital-Only Future

Fintech Labs Insights

movement in 2005/2006, the financial crisis hit. The recovery : As financial institutions got to the other side in 2010/2011, there was a massive pent-up demand from consumers for digital services, as broadband was now common in most developed markets and the iPhone turned 3 in 2010. Digital Banks for Small Businesses.

Fintech 15
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Green Dot CEO: 20 Years Of Innovating ‘Banking For The Masses’

PYMNTS

By 2005, the firm was profitable and, by 2006, had sold over 2 million cards. That’s when Green Dot made its first major pivot, pulled back all its cards from the Rite Aid shelves and repackaged them with a more adult-oriented target. By 2001, sales were good enough that Streit was able to persuade CVS and Walgreens to get in on the action.