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The Bank-FinTech Tie-Up Evolves

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As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. In another bank-FinTech tie-up, J.P.

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Xiaomi To Roll Out Consumer Lending In India

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With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll out a consumer lending business in India. India is said to be the biggest market for the company outside of China. For Q2, the company’s FinTech revenues increased 62.7

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Financial Services Platform SoFi Plans IPO Via SPAC

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billion, with the goal of bringing FinTech businesses to public markets. SoFi partnered with Samsung and Mastercard to launch a new cash management account feature with no fees. Founded in 2011, SoFi has worked to leverage lending after the 2008 financial crisis, focusing on student loan refinancing.

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Ant Financial Acquires Minority Stake In Klarna

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China’s Ant Financial has acquired a minority stake in the Swedish split payments FinTech Klarna for an undisclosed sum, Klarna announced on Wednesday (March 4). Klarna, Europe’s most valuable FinTech, was founded in 2005 and has financial backers that include the rapper Snoop Dogg, who is also part of the company’s marketing.

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Swift Prepaid, Bitty Pair Up For Virtual Merchant Cash Advances

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The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay. “New and growing small businesses often need fast access to capital that supports basic needs like inventory purchases, payroll and marketing,” said Edward Siegel, CEO of Bitty Advance, in a statement.

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Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

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Walmart Pay comes to market with a few built-in advantages: it leverages the Walmart.com app, which is used by 20M+ people roaming around their stores each month, it works on every sort of smartphone out there, and they control the POS in all of their stores, just like Starbucks does. Investor Confidence In Marketplace Lending.

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FSB: Tech Giants Will Shake Up Financial Industry

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Banks are expected to increasingly feel competition from FinTech firms as well, but those relationships will mostly be collaborative and complementary. Many companies have moved into the financial space, including Tencent, Baidu, Google, Samsung, Microsoft, Mercado Libre and Vodafone. It announced on Jan. support Apple Pay.

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