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Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

just secured more than $97 million through an initial public offering. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd., An alternative lending conglomerate based in the U.K. reports noted.

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LendingClub Settles With SEC, DOJ

PYMNTS

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. Attorney Alex Tse. “We

Lending 135
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Getting Mobile Ready

Independent Banker

Meanwhile, a number of other financial technology firms received major funding and rolled out new alliances and products. Epperson, technology consultant. Epperson, a managing director at the global business advisory firm AlixPartners LLP. Ever stand behind anyone trying to use mobile pay? Is Mobile Fully Catching On?

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How close are we really to a cashless society?

NCR

The financial technology media is continually full of facts and figures on how many consumer transactions these days are completed in a cashless manner – with a swipe of a card, by using contactless or online. Over $14 trillion was withdrawn from ATMs in 2014 – up four per cent from the previous year.

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Is a cashless future all that it seems?

NCR

It would therefore seem to be “full steam ahead” with banks and the financial technology industry and media on the benefits of cashless, when reading many of these articles. Twenty-five percent of consumers also raised concerns as they feel more prepared and secure using cash. Faster payments still only account for 2.7%

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120 Fintech Unicorns of the 21st Century: November 2020 Update

Fintech Labs Insights

But we achieved a new milestone surpassing the $1 TRILLION-mark in total valuation among the 120 public and private financial technology companies. New in November: Newborns: Verafin , the Canadian anti-financial crime specialist founded in 2003, is set to be acquired by NASDAQ for US$2.75 Ant Technology. Total = 120.

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Finovate Talks Payment API Security with John Canfield, VP of Risk for WePay

Fintech Labs Insights

As a payments platform, WePay conducts business in a battlefield of daily security concerns. Canfield: Combatting fraud requires extensive risk management, and a cornerstone of risk management is using data to inform controls and decisions. John Canfield demoing WePay’s Veda Risk API at FinovateSpring 2014.