PYMNTS

OCTOBER 21, 2018

JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. CNBC reported that the campus in Palo Alto, California will be home to more than 1,000 employees. Dimon famously called bitcoin, the leading cryptocurrency, a fraud.

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PYMNTS

APRIL 16, 2020

three California technology companies, all wanted a piece of the federal government’s $350 billion loan program, which was designed to keep businesses in the black during the COVID-19 pandemic. . FinTech companies have dramatically expanded the reach of traditional lenders, the paper wrote. PayPal Holdings Inc., Square Inc.

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PYMNTS

MARCH 27, 2020

.” As investors and startups remain on-edge about exactly how this will play out, only a few B2B technology startups announced their own investments this week. companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. Arkose Labs.

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Cards Fintech Capital California 181

CFPB Monitor

JULY 14, 2022

The California Department of Financial Protection and Innovation (DFPI) has filed its opposition to Opportunity Financial, LLC’s (OppFi) Demurrer to the DFPI’s cross-complaint. The DFPI also alleged additional CFL violations by OppFi, including the CFL’s “anti-evasion” provisions.

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Gonzobanker

MARCH 9, 2022

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. billion (~30 times revenue) in stock was part of SoFi’s ambitious vision to become the “AWS of Fintech.”

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PYMNTS

JUNE 29, 2020

The Palo Alto, California startup said the no-fee account is the company’s latest move to build a next-generation banking service that is branchless, automated and optimizes every dollar. Wealthfront , the online investment service firm, has added checking features to its app.

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PYMNTS

JANUARY 11, 2021

A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched, according to a complaint. Mehta is represented in the matter by the California law firm Erickson Kramer Osborne. Robinhood, the lawyers state, hasn't kept up.

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CFPB Monitor

SEPTEMBER 20, 2021

AB-1864, which took effect on January 1, 2021 and significantly expanded the powers of the California Department of Financial Protection and Innovation, required the DFPI to establish a “Financial Technology Innovation Office.”. These discussions may include regulatory questions.

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Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

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CFPB Monitor

SEPTEMBER 8, 2020

We previously wrote about California Governor Newsom’s 2020-2021 Budget and an accompanying trailer bill that would rename the Department of Business Oversight (“DBO”) and significantly increase its ability to oversee financial services providers in the state. California Consumer Financial Protection Law. Register here. the “CFPA”).

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California Innovation Regulation Report 78

CFPB Monitor

MAY 19, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans less than $10,000 but more than $2,500 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate.

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PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Meanwhile, logistics, data analytics, and business travel technologies also won over investors. Below, PYMNTS breaks down the latest in B2B FinTech funding.

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PYMNTS

APRIL 28, 2017

venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 leads the rest of the world in the total value of FinTech investment due to the large amount of funds available to invest in the market, with investors focusing on late-stage, clear front-runner FinTech companies,” said KMPG U.S. “The

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CB Insights

JANUARY 24, 2022

Plaid , an open banking fintech unicorn, has acquired Cognito , an identity verification startup, for $250M in cash and stock. Cognito: California-based Cognito provides business and consumer identity verification and compliance solutions. Plaid: California-based Plaid provides API tools for financial services app developers.

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Technology California Compliance Fintech 63

PYMNTS

JULY 16, 2019

FinTech Lendbuzz has announced Monday (July 15) that it has secured an additional $150 million in debt and equity financing led by 83North, with participation from existing investors. Lendbuzz’s technology allows the company to tap into this market. credit history to help them secure financing for auto loans.

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PYMNTS

FEBRUARY 8, 2019

Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year. 2nd Address.

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Fintech Capital New York City Analysis 188

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. INDUS said it will move forward with the new capital to focus on expansion and expand its staff. Cloud Elements. The firm announced $3.9

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PYMNTS

OCTOBER 26, 2018

With only a few million dollars in combined investments, this week certainly wasn’t the most lucrative for B2B FinTech firms, but the variety and global reach of recent SMB FinTech investments offers a bright spot in an otherwise quiet moment for B2B venture capital. Businesses across Asia, South Africa, the U.K. Nisa Finance.

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TheGuardian

JANUARY 13, 2022

London-based firm founded by Swiss surfing enthusiast Guillaume Pousaz overtakes worth of rival Revolut A London-based online payments company has become Britain’s most valuable private fintech business after its latest fundraising valued it at $40bn (£29bn), handing its surf-loving founder a paper fortune of around $20bn.

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PYMNTS

JULY 19, 2016

Bloomberg reports that the biggest bank in Spain is, in effect, doubling down on its investments in FinTech. As has been the norm for many investment funds, InnoVentures takes minority investments as a conduit of leveraging startup technology into its banking platforms at large.

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PYMNTS

FEBRUARY 16, 2017

The Institute for Money, Technology & Financial Inclusion (IMTFI) at the University of California, Irvine announced Wednesday (Feb. According to UCI, the first report to come out of the center, which is slated for later this year, will look at the drivers of financial technology change, as well as consumer adoption.

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Fintech Financial Technology California Study 108

PYMNTS

MAY 27, 2020

And, they said, traditional players can find competitive strength by linking up with firms that had previously been viewed as foes (that would be FinTechs). HMBradley offers FDIC-insured accounts through Hatch Bank based in California, and rates of about 3 percent on its savings accounts.

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PYMNTS

JANUARY 25, 2019

-based Apruve landed funding for their solutions, signaling continued interest by venture capitalists (VCs) in not only alternative finance, but in FinTech firms looking to address B2B companies’ pain points of delayed and unpaid invoices. The company recently announced $3.2

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Bussman Advisory

MARCH 9, 2024

The latest edition of the FinTech Ecosystem Newsletter is here : Join our Community Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory.

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PYMNTS

JANUARY 7, 2021

In an environment in which connecting small- to medium-sized businesses (SMBs) to vital financial services and products is more imperative than ever, the world of SMB banking and FinTech is fostering an ecosystem of collaboration to expand availability. Lloyds Pilots Satago Technology. Orange Bank Acquires Anytime.

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South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. This bill of “personal financial data rights” is similar to the California Privacy Protection Act that is already in force for banks doing business in CA.

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PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. Plus, the Federal Reserve’s Beige Book report noted that the U.S.

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PYMNTS

JANUARY 27, 2017

is no longer the world’s largest market for FinTech investment, according to the latest report from Citigroup, released this week. Analysts found that, in the first nine months of 2016, China held the top spot for FinTech investment, with funding raised for that period doubling compared to the same period in 2015. France and India.

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CB Insights

JULY 26, 2021

Visa: California-based Visa is a global payments technology firm that enables digital currency transactions across 200 countries for governments, businesses, and banks. The post Visa Acquired This Fintech To Provide Foreign Exchange Solutions For Cross-Border Payments appeared first on CB Insights Research. Want the full post?

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Fintech Payments California Company 68

PYMNTS

JANUARY 9, 2020

In today’s top news, Uber drops upfront pricing in California in response to the state’s new gig economy law, and the central bank in China said it accepted an American Express application to start working in the country. California Gig Decree Prompts Uber To Halt Upfront Pricing.

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CB Insights

NOVEMBER 6, 2019

The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. California.

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PYMNTS

AUGUST 14, 2020

million in combined funding, B2B FinTechs remain resilient in today’s current market. According to reports, the investment marks Stride’s first in the FinTech space, while for ZipLoan, the funding will help the company continue to scale through volatile times. million in Series A funding.

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PYMNTS

JUNE 14, 2019

Factoring may have a negative connotation with some companies, but for investors of France’s Finexkap, the opportunities in invoice financing technology show promise. Reports in Crowdfund Insider this week said Finexcap announced $44 million in funding this week led by Chenavari Investment Managers.

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CB Insights

AUGUST 13, 2021

Robinhood , a financial services company, has acquired Say Technologies , a shareholder communication platform, for $140M. Say Technologies: California-based Say is a technological platform that gives shareholders access to their full ownership stake. WHO ARE THE PARTIES TO THE DEAL?

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CB Insights

OCTOBER 26, 2017

Following our previous mapping of the most well funded startups in each state and most well funded food & beverage startups in each state , we used CB Insights database to identify the most well-funded private fintech startup in each state. FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. California. D3 Technology.

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PYMNTS

MARCH 16, 2018

This week’s B2B FinTech venture capital roundup is all about data, and, as investors showed, there’s more than one way to offer data services for the enterprise. With new funding from American Express Ventures, EverCompliant said it will expand its team and focus on technology development. EverCompliant. Cybersecurity. and Europe.

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CB Insights

SEPTEMBER 13, 2021

Mastercard , a global fintech platform, acquired CipherTrace , a blockchain analytics and cryptocurrency intelligence software provider, for an undisclosed amount. The technology offers services such as blockchain forensics, anti-money laundering, and compliance monitoring, among others. Who are the parties to the deal?

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