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FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B

PYMNTS

FinTech Stripe is considering a funding round to value it higher than the $36 billion it got on its last round, Bloomberg reports. Bloomberg noted that the company has been taking advantage of the eCommerce interest, starting its own card-issuing service for U.S.

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Metro Bank UK: 2023’s Next Bank Collapse? | Samsung’s Trackable Card Unveiled | UBS Tests Tokenized Fund on Public Blockchain

Bussman Advisory

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Since its establishment in 2010 as a challenger to major UK banks, Metro Bank’s shares have dropped nearly 66% since mid-September.

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Marqeta Expanding Overseas, Sets Up Shop In The UK

PYMNTS

Investing.com , citing a Reuters report, said that the company, which helps other startups issue payment cards, has set its sights on London and has already hired five employees and signed up customers. The startup has created a platform that makes it easier to issue payment cards. The expansion into the U.K. percent in the U.S.

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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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Where are The FinTech Darlings Now?

Jeff For Banks

FinTech, FinTech, FinTech! A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. Firms started in the dorm room that have no employees, just an eager volunteer, no revenue, and no capital need not apply. That's all I'm hearing. It's like global warming. Legit question.

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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

The rise of FinTech offers a bit of a prism through which to view those events. Mortgages and Credit Cards and Student Debt…. At the peak of the crisis, the delinquency rate was 10 percent in 2010, as underwater mortgages and foreclosures hit the headlines. The trigger for the look back has of course has been the Sept.

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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

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