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FinTech versus Banks, Round One: PSD2

Chris Skinner

I got a very interesting heads-up yesterday to a campaign the European FinTech start-ups have kicked off to try and stop the big, nasty banks screwing them with their version of PSD2. These legislative acts foster innovation and drive both competition and choice in the market. accountants, Start-ups etc.…)

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The New Lending Fintech Bonanza

Gonzobanker

OnDeck’s fire sale aside, recent deals at nCino, Black Knight and Ellie Mae are a shot in the arm to a market in need of some good news. 2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions. and Thomas H.

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FinTech Veteran Dan Henry Tapped To Lead Green Dot

PYMNTS

Branchless bank and FinTech Green Dot has reported that Dan Henry will step in as its new president and CEO, and will also join the board of directors. Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. billion all-cash sale to TSYS. “I

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Market Map: The Evolution of India’s Growing Fintech Landscape

CB Insights

In 2013, less than $100M was invested in venture capital-backed fintech companies in India. The post Market Map: The Evolution of India’s Growing Fintech Landscape appeared first on CB Insights Research. A lot has changed in 6 years. Want the full post? Become a CB Insights customer.

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BIS Sees Boons, Risks As FinTech Credit Gains Traction

PYMNTS

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. China was the largest market, yet volume has declined in recent periods.

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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. deposits market, and that they have gotten positive feedback that “affirms how ripe the savings space is for just this type of personalization.”. Raisin will license Choice FS’ software to banks in the U.S., This new technological solution means helping U.S.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties.

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