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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. Other investors included Menlo Park, California-based TCV and Index Ventures , the global venture capital firm with dual headquarters in San Francisco and London, along with half a dozen others.

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The 2023 GonzoBanker Awards

Gonzobanker

THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. GonzoBanker of the Year (Mid-Size Bank) – goes to David Findlay, CEO of Lakeland Financial. They should have been investing in fintech growth businesses and they had the capital to do it.” Grab some popcorn and watch.

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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Questions directed at Ms.

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Why modernization is important in retail banking

NCR

‘If it ain’t broke, don’t fix it’, so the saying goes, but this approach could be risky as other banks may be embracing the wider changes in financial technology as they look to innovate and grow. “To be innovative, you cannot be afraid to obsolete your own products,” wrote Mr Kalb.

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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

In February, Revolut raised $500 million in a round led by Menlo Park, California-based TCV, one of the largest growth equity firms. Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. It boasts more than 12 million customers.

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Early-Bird Discount Extended for FinDEVr Silicon Valley

Fintech Labs Insights

Financial Apps. Personal Capital. Business Alliance Financial Service. California Bankers Association. Capital One. Financial Samurai. Financial Technology Research Institute. Springleaf Financial. United Capital. Venture Capital Journal. Envestnet Yodlee. Hyperwallet.

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Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Labs Insights

Other than Blackstone’s $820 million bet on what is likely the oldest financial technology company on the planet, NCR founded in 1884 as National Cash Register, just $82 million flowed to the under-100-year-old crowd. ATMs, POS & financial technology. HQ: San Francisco, California. Camino Financial.