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The Bank-FinTech Tie-Up Evolves

PYMNTS

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. Airwallex Taps Deutsche Bank.

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Xiaomi To Roll Out Consumer Lending In India

PYMNTS

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. For Q2, the company’s FinTech revenues increased 62.7 India is said to be the biggest market for the company outside of China.

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South Korea's Digital Kakao Bank Prepares For IPO

PYMNTS

In addition, Kakao Bank had rapid lending growth, higher net interest margins and more efforts to increase the proportion of low-cost deposits, according to Samsung Securities analyst Kim Jae-woo, quoted by Reuters. Kakao Pay , the FinTech arm of Kakao Corp. The bank benefited from an influx of customers from Kakao Corp.,

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Financial Services Platform SoFi Plans IPO Via SPAC

PYMNTS

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. Users of Samsung’s Money by SoFi will be able to tap discounts for a variety of Samsung products, from Galaxy smartphones to washers, refrigerators and more.

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Ant Financial Acquires Minority Stake In Klarna

PYMNTS

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

PYMNTS

Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. The Samsung Galaxy S7, which put the mobile division at the top of the heap for Samsung – again.

Lending 101
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Q&A: The Next Leg Of Fintech Innovation

CB Insights

After a difficult first quarter, fintech funding rebounded in a big way in Q2’20. Free Download: State of Fintech q2’20. Fintech funding rebounded in Q2’20 but deal activity continues to fall. Below, we answer some of our readers’ most pressing questions from the webinar on the state of fintech. First name.

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