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SMBs Accuse Kabbage Of Abruptly Canceling Credit

PYMNTS

Georgia-based Kabbage claims it has provided small business borrowers with over $9 billion in loans as of its 2009 establishment. and OnDeck Capital Inc. Borrowers, who realized the credit lines were halted when they signed onto their accounts, claim the company did not provide them with notice, according to a Bloomberg report.

Georgia 195
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3 Reasons Why Fintech is Thriving in Atlanta

William Mills

Metro Atlanta has established itself as a major hub for the fintech (financial technology) industry. Here are three reasons why the fintech industry is thriving in Atlanta: Incubators and accelerators. Atlanta is home to a host of startup incubators dedicated to creating environments for early-stage fintech companies to grow.

Atlanta 42
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The Russian Connection (To Alt Lending Globally)

PYMNTS

-educated entrepreneurs met while working abroad at Renaissance Capital and Deutsche Bank. As the financial crisis unfolded in 2008, they met to discuss what they saw as the rise of FinTech and the increasing availability of financial software and data. Observing the rise of disruptive companies in Europe and the U.S.,

Lending 105
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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. As was widely reported this past week, seven of them are trying to do so.

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Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Silvergate Capital Corporation (NYSE: SI) Here we are again. Silvergate had $150 million in total revenue over the past twelve months, and has a market capitalization of $4.7 Live Oak Bancshares, Inc.

Capital 78
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Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Labs Insights

It was a quieter week in fintech fundings. 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. HQ: Duluth, Georgia. HQ: National, Maryland.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

Last week , Walmart Pay rolled out in Alabama and Georgia. The venture capital backers are no doubt smiling. . This is no FinTech or payments unicorn, really, but rather a communications play via app software where top line growth of roughly 88 percent is enough to have the Street looking ahead to some type of profit scenario.

Lending 101