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Klarna creates global ‘Consumer Council’

Bank Innovation

The Sweden-based fintech, founded in 2005 and currently […]. Point-of-sale lender Klarna, which has a banking license in Europe and partners with banks in other markets, is creating a new mechanism to acquire feedback as it evolves its products.

Marketing 221
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Ant Financial Acquires Minority Stake In Klarna

PYMNTS

China’s Ant Financial has acquired a minority stake in the Swedish split payments FinTech Klarna for an undisclosed sum, Klarna announced on Wednesday (March 4). Klarna, Europe’s most valuable FinTech, was founded in 2005 and has financial backers that include the rapper Snoop Dogg, who is also part of the company’s marketing.

Samsung 160
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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’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

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Six Alums Earn a Spot on on CNBC’s Disruptor 50 List

Fintech Labs Insights

The fifth annual list names private companies “whose innovations are changing the world” and meet additional criteria according to CNBC’s methodology. The 50 companies have an aggregate market valuation of $239 billion, and almost 20% of the list consists of fintech companies, six of which are Finovate and/or FinDEVr alums.

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Zopa to Offer Auto Loan Refinancing

Fintech Labs Insights

Similar to traditional auto lending, the ownership of the vehicle remains with Zopa’s lenders until the consumer makes the final payment. With an outstanding team and a deep understanding of technology, it is possible to combine longstanding history and credit excellence with lean, design-led innovation.”.

Lending 14
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Zopa Partners with Equifax, Boosting its Risk Profiling Capabilities

Fintech Labs Insights

” For all the innovative methods for risk profiling – from Big Data to Social Media – the information available from credit reference agencies like Equifax remains as critical for online lenders as it is for offline lenders. Join hundreds of fintech fans in London in February for FinovateEurope 2016. Staff of 150.

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P2P Lender Zopa to Launch Challenger Bank

Fintech Labs Insights

-based Monzo, Atom, Starling, and Tandem, P2P lending company Zopa announced yesterday it has applied for a banking license. Founded in 2005 and a pioneer in P2P lending, Zopa was the first to launch a P2P lending platform in 2007. Note that Zopa’s bank will run alongside its current P2P lending model.

Lending 12