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How 5G Will Shake Up Banking and FinTech?

PYMNTS

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Digital Demand.

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Top News In Payments: JPMorgan Blocks FinTechs From Passwords; Ant, Razer Join Rally For Singapore eBank Licenses

PYMNTS

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. JPMorgan Ups Security By Blocking FinTechs From Passwords. Ant, Razer Join Rally For Singapore eBank Licenses.

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FinTechs, AI And The Rise Of SMB Credit In Brazil

PYMNTS

One of the biggest tests for FinTech in the coming years is how well it can serve businesses that don’t have easy or efficient access to credit. FinTech Sandbox. nobli performs its own risk model, handles the back-end legal work and — via the AI algorithm — can offer borrowers choices about what securities to put up. “We

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Nasdaq Debut Gives Poshmark More Than Double Valuation

PYMNTS

In its Securities and Exchange Commission filing , Poshmark said the platform encourages users to tap inspiration from the like-minded people in the digital community “to discover, connect, and curate their network and news feed.” . FinTech installment lender Affirm more than doubled its valuation when it went public earlier this week.

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Singapore’s Credify Raises $1M To Expand Into Southeast Asia

PYMNTS

The company said it works to generate new sources of revenue for organizations while ensuring privacy protection and blockchain-based security. South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. The area is projected to be a $72 billion market for FinTech in 2020, at an CAGR of 72.5

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Where Does Chime Go From Here?

Gonzobanker

While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. Cornerstone’s numbers don’t jive, however, with what some of the other fintechs have reported publicly. Is it ready for an IPO?

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Report: Helping Banks Speed Payments Cross Border And Make A Clean Correspondent Bank Break

PYMNTS

FIs of all sizes are developing new systems to supplant or replace correspondent banking models, with many partnering with FinTechs to do so. Cloud services are boosting cross-border payments, however, with a study projecting that the cloud services market will reach $266.4 billion by the end of this year. About The Tracker.

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