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Lending FinTech GreenSky Files For IPO

PYMNTS

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). The Wall Street Journal reported that the Atlanta-based company, which enables retailers, health-care providers and home contractors to offer loans to their customers, could go public as soon as this summer.

Lending 116
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Today In Payments: ECB Outlines Use Cases For Digital Euro; Goldman To Pay $2.5B For GM’s Credit Card Business

PYMNTS

The purchase furthers Goldman's push into Main Street lending and gives Goldman access to over one million cardholders, who account for roughly $8.5 The partnership marks the retail giant's foray into privately managed Medicare Advantage plans. Online Auto Sales Are Where the Rubber Meets the Road .

Cards 193
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Kabbage Set To Launch Payment Processing Services

PYMNTS

The Atlanta-based startup will offer tools so that its clients, mostly brick-and-mortar businesses, will be able to accept card payments in-store and online, Kabbage’s President Kathryn Petralia said in an interview, according to Reuters. The monoline businesses have a hard time succeeding long term,” Petralia said. “The

Payments 101
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Ebix Snags India Travel Company Yatra In $337.8M Deal

PYMNTS

India’s largest business travel service provider, Yatra Online, has entered into a definitive merger agreement with Atlanta-based software firm Ebix. Ebix said the deal has an enterprise value of $337.8 Ebix has invested over $650 million in businesses in India.

Company 108
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Now is that period. Develop a more innovative process.

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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 161 $323 21 Branch 357 2015 Minneapolis 222,000 $633 22 Albert 315 2015 LA 1,270,000 $176 23 Current 307 2015 NYC 856,000 $402 24 Greenlight 302 2014 Atlanta 458,000 3.8

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Equifax Still Fights To Regain Trust As Q2 Sales Slump

PYMNTS

the Atlanta-based credit reporting agency, reported lower earnings in the second quarter, mainly due to weakness in its U.S. Information Services [USIS] business, including lower revenue in both its online information solutions and financial marketing services businesses. Equifax Inc., Net income fell 12 percent to $144.8