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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. Office of the Comptroller of the Currency for its application for a national bank charter. SoFi was valued at $4.8

Report 269
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American Dream Mega Mall Opens In Mega eCommerce Era

PYMNTS

Even with the mall under pressure due to the rise of online shopping, the American Dream’s first phase will come to life on Friday (Oct. million gallon water park, a beach kept at 87 degrees Fahrenheit year-round, a Sea Life aquarium, a regulation National Hockey League skating rink and an aviary featuring local birds, among other features.

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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. And each January, we ranked all previous recipients into a master list.

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China’s Recommerce Market Heats Up

PYMNTS

The recommerce trend is sweeping not just the nation, but perhaps the world. Alibaba initially launched Xianyu in 2011 under a different name, and it received its current moniker in 2014. Xianyu Versus Zhuan Zhuan: What’s The Difference?

Marketing 100
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The new competitiveness in corporate payments

Accenture

It found that from 2011 to 2017, net interest income for digital leaders shifted away from fee income, down 7 percent, to interest net income, up 7 percent, while the rest saw the exact opposite effect with fee income increasing and net income decreasing. 2 Accenture Research on S&P Capital IQ data. percent between 2014 and 2016.

Payments 150
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Accounting About-Face

Independent Banker

She explained why lawmakers should exempt community banks from Basel III capital rule. As originally proposed, FASB’s impairment proposal would have had disastrous consequences on the ability of community banks to serve local communities across the nation. is ICBA’s vice president of accounting and capital policy. Learn More.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

And products started migrating online. They are/were the business owners, demanders of capital and loans, and significant depositors. There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs. This is why online banks can pay higher interest rates. billion in total assets.