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TurboTax Bid For Credit Karma Triggers Antitrust Worries

PYMNTS

The Silicon Valley-based Credit Karma, which was founded in 2007, said it has in excess of 100 million users, about twice as many as Intuit. The FinTech startup offers free credit scores, credit card applications, loans and savings accounts. Credit Karma started offering a free tax filing service in 2017.

Taxes 130
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Fintech Trending: The API-ification of Banks

Fintech Labs Insights

Peruse online and hard-copy publications and you’ll find a lot of support for developers: see Citigroup’s launch of its developer hub ; Dwolla’s ( FS 2015 ) shift in focus from consumer app to becoming a platform; and the launch of Monitise’s ( FF 2007 ) FINkit platform. This is the end of the banks vs. startups era.

Trends 30
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The 40 Fintech Graduates from Y Combinator (YC)

Fintech Labs Insights

Fintech (note 1) has been part of YC from the beginning. The first class (Summer 2005) included one fintech startup, TextPayMe, among the eight companies. But as YC grew from 2005 to 2009, the number of fintech companies stayed at roughly 1 per year. Indinero [link] Accounting, taxes & payroll. During the past 4.5

Fintech 26
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2021 GonzoBanker Awards

Gonzobanker

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147
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Consumer Lending: Should Banks Do It?

Jeff For Banks

And there are FinTechs, loan brokers, insurance companies, and investment funds chipping away at them. Mortgage bankers and brokers own a significant share of market (although less than prior to the 2007-08 financial crisis). pre-tax profit as a percent of the portfolio. Mortgage lending is getting away from us. charge-off rate.

Lending 60
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My top five Decentralized Finance predictions for 2020

Lex Sokolin

There’s a lot to say about the overlap of Fintech and blockchain, but let’s find the very edge of the frontier and focus right there. See Staking Rewards and the chart below, and Coinbase for an example of a large Fintech providing the service. It’s like watching Mint.com emerge in 2007. all Fintech unicorns?—?that

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Monitise to Emphasize API, On-Site Solutions in Strategy Shift

Fintech Labs Insights

This month, Monitise and Banco Santander announced their plan to launch a “fintech venture builder” program in the second half of 2015. A long-time Finovate alum, Monitise demoed its technology at the inaugural Finovate in 2007. ” Monitise has had a busy first half of 2015.