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France’s Groupe BPCE Acquires Munich-based Fidor Bank

Fintech Labs Insights

Munich-based Fidor Bank was founded in 2009, and has 350,000 members and 120,000 customers in Germany and the U.K. .” Pictured: Fidor Bank Chief Innovation Officer Patrick Gruban during his presentation at FinDEVr 2016 New York.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Date: May 21, 2009. When Cisco paid almost $600M for Pure Digital in 2009, it probably seemed like a great investment for their consumer products department; Pure Digital’s Flip HD digital camera was a hot seller at the time. After only two years, Google sold Motorola to Lenovo for $2.9B. Cisco and Pure Digital. Price: $590M.

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Traditional Banks v. Alternative Lenders: How Goliath Can Beat David

Banking 2020

The rapid emergence of crowdfunding, alternative lending, and peer-to-peer transactions strongly indicates that small businesses are shifting away from the traditional banking environment. In today’s fast-paced life, this means engaging with them through social media, as well as hosting educational events.

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The 2018 GonzoBanker Awards

Gonzobanker

Timing is everything, and Feiger knew that after tripling the stock price since the 2009 downturn, it was time to get the shareholders a solid payback. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. According to BankRegData, Ally has grown its auto lending portfolio by 68% since 4Q15.

Fintech 101