Remove 2013 Remove Digital Banking Remove Fintech Remove Lending
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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.

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Interest Rates to Pinch Alt Lenders and Digital Banks

PYMNTS

Welcome to the unchartered territory for the lending landscape – at least for those who were born and came of age in the new Millennium, in the digital age…. Alt Lending Too. The FinTechs take in capital, the capital makes loans, which, though well above benchmark rates, is below credit card rates.

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Can FinTech Walk The FinTalk?

PYMNTS

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Marketplace lending. Digital banks.

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Digital Bank Chime Suffers Outage Affecting 5M Customers

PYMNTS

San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees. “Our payment processor has been experiencing issues today, resulting in our app + website being down,” Chime said in a tweet on Thursday (Oct. Earlier this year, it reached a valuation of $1.5

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The Fintech 250: The Top Fintech Startups Of 2018

CB Insights

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. Please click to enlarge.

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Brazilian Nubank To Launch Credit Card In Mexico

PYMNTS

The FinTech has raised $820 million through seven investment rounds and has almost 22 million Brazilian customers. The company’s CEO, David Vélez, started the bank in 2013, having previously worked at Sequoia Capital as a partner in charge of the company’s investments in Latin America. .

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Fintech Quarterly: A New Report Type

Celent Banking

Fintech is booming. In 2013, according to a report by Accenture and CB Insights , total investment into Fintech was just less than $4 billion. Many are claiming the death of traditional banks, but I´m not sure these claims have merit. Banks will need to adapt to new behavioral patterns and trends in technology.

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