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InstaReM Looks To Apply For Singapore Digital Banking License

PYMNTS

While it gears up to apply for a digital banking license in Singapore, cross-border payments firm InstaReM is reportedly seeking lending business partners. InstaReM , which was started in 2014, is regulated in Singapore, Canada, Hong Kong, Australia, India, Malaysia, the U.S. and the European Union.

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Starling Scores $49 million From Its Investors

PYMNTS

Starling , a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. The latest infusion comes just months after the digital bank raised $74 million from investors. Since its founding in 2014, the company has raised more than $443 million.

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FinTech LendingClub Buys Radius Bank For $185M

PYMNTS

LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. It had a huge initial public offering (IPO) in 2014, with an $8.5

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UK’s Digital Starling Bank Misses SMB Loan Target

PYMNTS

London’s digital bank startup Starling Bank has loaned just 1 percent of the amount it pledged to small and medium-sized businesses (SMB), BM Magazine reported on Monday (Dec. Founded in 2014 by former Allied Irish Banks COO Anne Boden, Starling Bank committed to execute almost £1 billion ($1.3

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Can FinTech Walk The FinTalk?

PYMNTS

Marketplace lending. Digital banks. It’s said to be the answer to the world’s food safety and digital identity problems. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk.

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NCR Acquires Terafina – So What?

Gonzobanker

Digital banking providers answered the demand with digital account opening solutions. The financial terms of Atlanta-based NCR’s deal for Bay area-based Terafina (founded in 2014) were not disclosed. NCR was one of the few remaining digital banking providers that didn’t have its own answer for digital account opening.

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Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.

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