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German FinTech Raisin Eyes US Launch Following Latest Acquisition

PYMNTS

European wealth management FinTech Raisin is planning to roll out in the U.S. Retail consumers increasingly expect convenience in every area of life, and banks today want to meet that demand, not just in terms of online and mobile banking, but also their banks’ available range of products.”. platform,” said Raisin U.S. CEO Paul Knodel.

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Creative Group FinTech Lands $25M To Expand Into 30 Countries

PYMNTS

Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances. The funding will be used to help the company expand to 30 countries by the end of next year.

Groups 151
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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 was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

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AliExpress Russia’s CEO: We’ll Make $10B In Annual Revenues By 2022-2023  

PYMNTS

China’s global technology company specializing in online retail, and its Russian partners have set a goal of $10 billion in annual revenues by 2022-2023, Reuters reported. A Russian Postal Service official said more than 90 percent of foreign shipments are from China, mostly driven by online orders via AliExpress Russia, the report said. “I

Online 140
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KeyBank Acquires SMB Lending Tool Bolstr, Plans to Originate $2.5 Billion in Loans in 5 Years

Bank Innovation

Founded in 2010, Bolstr is a […]. The most recent example of a bank taking note of this area is KeyBank’s acquisition of Bolstr’s SMB-focused digital lending platform, which it announced this week. Terms of the acquisition were not disclosed.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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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. At the peak of the crisis, the delinquency rate was 10 percent in 2010, as underwater mortgages and foreclosures hit the headlines. Now, tighter standards in the wake of Dodd-Frank’s 2010 passage helped get that down to about 4.3 Mortgages ?

Lending 148