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Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict Economic Devastation

PYMNTS

Also, banking FinTech Finastra was hacked. Banking FinTech Finastra was hit with a security breach on Friday (March 20) and was forced to shutter key systems and send employees home. Dive into the latest data on what consumers are doing and why. As China’s Banks Encourage Loans, Default Fears Mount.

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Fintech Fundings: 102 Companies Raise $2.0 Billion in July

Fintech Labs Insights

Fintech deals by size from 23 July to 29 July 2016: Elevate. HQ: Fort Worth, Texas. Korea Credit Data. Data-storage solutions for financial markets. The post Fintech Fundings: 102 Companies Raise $2.0 Total dollars raised YTD is $19.3 billion, double the $9.8 Alt-lender. Latest round: $545 million Debt.

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