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Kansas City Fed issues research briefing on buy now, pay later

CFPB Monitor

The Federal Reserve Bank of Kansas City recently issued a research briefing titled “ The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives.”. The briefing compares BNPL to other installment options, such as layaway and credit cards.

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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

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Alexa, Stolen Fingerprints And The Rest Of The Week’s News

PYMNTS

KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with an email scam. Card Replacement: Moment of Truth for Banks. New Scam Targets Direct Deposit. The emails look legitimate, and purportedly come from the company’s CEO, CFO or payroll director. Latest PYMNTS Trackers.

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Envel is the New Simple Bank (Fintech Startup of the Week)

Fintech Labs Insights

On the banking side, the startup is working StoneCastle for deposits and Kansas City-based nbkc bank to power banking services, including a soon-to-be-launched debit card. References: Fintech Futures overview (22 Sep 2020) Envel press release (17 Sep 2020). Related: Changes to The 21st Century Fintech Unicorn List (Sep 2020).

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Fintech Fundings: 19 Companies Raise $1.3 Billion Week Ending Oct 1

Fintech Labs Insights

Fintech circles were abuzz this week as four massive fundings pushing several companies higher up the billion-dollar valuation ladder (yep, I can avoid the U-word if I really try). student loans, the worldwide fintech total surpassed one billion ($1.254 billion to be precise) thanks to Paytm ($675 million), Avant ($325 million) and 17 others.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

It was a blockbuster week in fintech with more than $6 billion in new funds flowing to the sector. Gift cards backed with public company equity. Fingerprint-authenticated payment card. HQ: Leawood, Kansas. Card rewards management. Tags: SMB, small business, merchants, acquiring, payments, mPOS, cards.

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Finovate Alumni News

Fintech Labs Insights

Cachet Financial Services partners with the Central Bank of Kansas City to roll out a reloadable prepaid card program. Prasac, the largest microfinance institution in Cambodia, launches mobile banking services courtesy of TranzWare from Compass Plus. The New York Times features PayActiv. Payworks partners with VBO Tickets.