Remove 2019 Remove Financial Technology Remove Fintech Remove Lending
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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. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

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 FinTech Collaborations and Frameworks Gain Steam in Asia

PYMNTS

In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.”

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London FinTech Raises $4M For ‘Social’ Bank

PYMNTS

A financial technology company called B-Social has raised £3.2 The FinTech is aiming for a bigger U.K. launch in February of 2019. “We We recognise that almost all financial transactions are inherently social,” B-Social CEO Nazim Valimahomed said. “We

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Trends Driving the Financial Services Industry in 2019

Jack Henry

With rapid-fire changes in how we invest, borrow and save; how financial institutions control risk; and how financial institutions (FIs) analyze data and control lending, the financial technology, or fintech, market is bringing significant disruption to the $8.5 financial services industry.

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What SMBs’ Cash-Flow Crisis Means For Fintech

CB Insights

GET THE 102-PAGE State of fintech REPORT. Nearly 50% of 2019 funding was concentrated in 83 mega-rounds ($100M+) totaling $17.2B. Below, we dig into how the financial difficulties that many SMBs face could impact fintech companies (especially B2B fintech startups). LENDING MARKETPLACES CAN SHOWcase THEIR UTILITY.

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Canadian Fintech Market Map

CB Insights

While deals and dollars slowed to Canadian startups in the first half of 2019, early-stage startup activity suggests that there’s more to the story. GET THE ENTIRE 41-PAGE CANADA VC REPORT H1 2019. Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. The 2019 Canadian fintech market map.

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SMB Challenger Banks A Hot Spot With VCs

PYMNTS

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Open Financial Technologies. India’s Open Financial Technologies raised $4.6 Chainalysis also plans to open an office in the U.K

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