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Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap

PYMNTS

Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. billion in 2009 to $1.54 million members in 2009 to 119.6 CUs Stick Together To Compete With Banks, FinTech Firms. Total CU assets increased 7.4 trillion in 2019.

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IFC, Citi Launch $800M Fund To Support Trade Finance In Emerging Markets

PYMNTS

By rapidly increasing our capacity to deliver trade finance, IFC and Citi can help businesses maintain their operations during the crisis and speed their recovery when the pandemic eases.”. While disturbing, it presents an opportunity for FinTechs at a time when the market is ripe for banking disruption and digitization.

Marketing 232
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IFC, Citi Launch $8M Fund To Support Trade Finance In Emerging Markets

PYMNTS

By rapidly increasing our capacity to deliver trade finance, IFC and Citi can help businesses maintain their operations during the crisis and speed their recovery when the pandemic eases.”. While disturbing, it presents an opportunity for FinTechs at a time when the market is ripe for banking disruption and digitization.

Marketing 193
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How The Gig Economy Has Evolved Over The Last Decade

PYMNTS

Uber , Lyft , Fiverr , Airbnb , Postmates were the early names in the game, all founded between 2009 and 2011. Closing in on its 10th anniversary, Fiverr recently announced that over $1 billion has been earned by its global community of gig workers in the decade the company has been in operation. Some lasted; some did not.

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FinTech’s Bright Future Marred by Hype

PYMNTS

Unfortunately, “60 Minutes,” famous for investigative journalism, missed the really big story in FinTech. A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest.

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Is blockchain ready to transform the finance industry?

NCR

Blockchain is the technology that allows bitcoin, the digital currency launched in 2009, to function. According to the WEF, blockchain has the potential to “profoundly alter” the way banks conduct their business worldwide, partly by reducing operating costs and making financial services more secure and accessible.

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Fenergo Brings its Client Lifecycle Management Innovations to ABN AMRO

Fintech Labs Insights

“A core part of our business transformation program will involve creating an internal, centralized KYC target operating model that will help us to simultaneously improve the client experience and reduce the cost impact of the regulator KYC activities,” Erftemeijer said.