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The New Lending Fintech Bonanza

Gonzobanker

2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions. And the industry’s two largest fintech providers, FIS and Fiserv, reported organic revenue declines largely due to economic impact to the payments market. It’s one big sandbox.

Lending 158
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Alan Kaplinsky wins National Law Review Go-To Thought Leadership Award

CFPB Monitor

I am pleased to share with our blog readers that Alan Kaplinsky, who leads our firm’s Consumer Financial Services Group, was recently awarded the National Law Review’s Go-To Thought Leadership Award in Consumer Finance for his work on our blog, Consumer Finance Monitor. We certainly hope that our readers will agree.

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Square Buys Up $50M In Bitcoin

PYMNTS

Square , the FinTech payments company headed by Twitter CEO Jack Dorsey, announced on Thursday (Oct. The company has previously invested in bitcoin “from a product, leadership and legal innovation perspective.”. The company introduced bitcoin trading in 2018 with Cash App, and the following year launched the independent Square Crypto.

Bitcoin 289
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SoFi Founder Mike Cagney Notches Near-$103M For New FinTech

PYMNTS

However, SoFi has begun moving beyond student loan refinancing under the leadership of current CEO Anthony Noto. It uses blockchain technology to record and track information on the loans, which, in most other ways, will be fairly typical home equity line offerings. Annual percentage rates will start at around 5.99

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Accrualify Partners With Visa For New Corporate Card

PYMNTS

By using Visa’s card payment infrastructure and expertise, the company hopes to offer a quality product, according to Terry Angelos , senior vice president and global head of FinTech at Visa. “Our Corporate Card Module now has the global leadership and payment expertise of Visa to put us at the forefront of digital B2B payments.”

Cards 229
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This week’s podcast episode: CFPB Director Rohit Chopra: Do his words speak louder than his actions?

CFPB Monitor

We first share our perspective on Director Chopra’s approach to his leadership role and use of the CFPB’s authority, his priorities, and political dynamics impacting the CFPB.

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The next step in fintech: Collaboration

Insights on Business

For this reason, many predict we are in the ‘golden age of FinTech’ where customer needs and expectations are paramount. Partnerships (banks-fintechs) cannot scale to cause any meaningful change in financial institutions. Get the “Fintech Rising: Creating Synergy in Financial Services” eBook here.

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