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Tech Center: Los Angeles On The Brink Of Becoming Tech Power Player

PYMNTS

However, Los Angeles has been coming into its own over the last decade or so. In this week’s Tech Center tracker, Shivani Siroya, CEO of Tala , spoke with PYMNTS on how the Los Angeles area is becoming a center for tech. Los Angeles County had an estimated population of 10 million in 2015.

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What 2019 Holds for Bank-Fintech Partnerships

Bank Innovation

Ben Savage, partner at the Los Angeles-based Clocktower Technology Ventures, told Bank Innovation that the flourishing fintech ecosystem holds both risks and opportunities for banks, […]. There are startups that want to destroy banks and startups that want banks to buy their software.

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Media Focused Fintech FastPay Picks Up AnchorOps in a Bolt-On Deal

Bank Innovation

Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment solutions provider for media buyers. Terms of the transaction were not disclosed.

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California Court Denies DFPI’s Motion for Preliminary Injunction Against OppFi

CFPB Monitor

In a lengthy (65-page) order , the California Superior Court in Los Angeles has issued an extremely important decision upholding the legitimacy of bank-model online lending by denying a motion for preliminary injunction filed by the California Department of Financial Protection and Innovation (DFPI) that sought to force fintech Opportunity Financial (..)

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In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

FIs and FinTechs are promoting social distancing by providing online card applications and virtual payment cards to help customers avoid using cash or visiting bank branches. The Next-Gen Debit Tracker® explores how the COVID-19 outbreak is impacting commerce and banking, as well as accelerating uptake of digital services and payment tools.

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The Newest Neobank is for the 62+ Crowd

Gonzobanker

For neobanks, funding is plummeting and the path to profitability is about as formidable as crossing the 101 Highway in Los Angeles by foot. It’s more important than ever that financial health innovators actively seek to understand and design for this segment of prospective fintech users.” Elder abuse is a pressing issue.

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Report: Data Key To Credit Union Member Retention

PYMNTS

One of the largest factors that sets credit unions (CUs) apart from large banks and FinTech providers is their emphasis on member relations. The merger is the latest in a series of CU consolidations in the Los Angeles area, which has resulted in the number of CUs in the area dropping by nearly 60 percent since 2000.

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