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Barclays US Taps Ex-Capital One Exec To Lead Cards And Payments Business

PYMNTS

Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S. For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.

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Barclays Eyes US Expansion

PYMNTS

In addition, sources say that Barclays is putting more capital behind its U.S. credit card operations. housing market during the last recession. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. credit card business. checking account offering.

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SoFi’s $500M Pickup (And The Big Expansion It’s Fueling)

PYMNTS

With that acquisition, SoFi also acquired Zenbanx’s partnership with Delaware-based WSFS Bank and access to the bank’s charter and banking license. To open the month of February, SoFi announced it had acquired online banking startup Zenbanx. Don’t Bank. An “Opportunistic” Round.

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Finovate Alumni News

Fintech Labs Insights

Misys unveils its next generation capital markets trading platform in the cloud, Misys FusionCapital. ING expands its host card emulation (HCE) mobile payment service to all of its customers in the Netherlands. Delaware profiles Global Debt Registry. Join ING in London for FinovateEurope 2016.

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Finance in motion— $1B moved for $0.02

Lex Sokolin

Goldman Sachs entered and dominated personal digital lending, runs a neobank and roboadvisor, bought a large digital wealth footprint in United Capital, launched a credit card in partnership with Apple, and is now looking into cryptocurrency stablecoins ?—?something But when you look at market cap and activity, Tether remains top dog.

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

While the blockchain-related announcements range from the credible to the laughable to the possibly criminal, the analysis overall demonstrates the market’s bullish attitude toward blockchain and crypto. Companies are arranged in descending order of market cap (as of 03/16/18). . Exchange: OTC Markets. Longfin corp.

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Sizzle/Fizzle: In Banking, Truth as Currency

PYMNTS

If you were in the market for a credit card or looking to sell a house, this past week was a good one, as rewards points on the former, and prices for the latter were both up. This comes in the face of JPMorgan slashing its own points offer on Sapphire cards. The future is hazy at best.

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