US banks closed more than 2,000 bank branches in 2017, an 18 percent increase form the year earlier; Wells Fargo is one of the leading banks as they closed 194 branches and plan to close more than 800 more by 2020; other banks like Citizens Financial is reducing square footage at branches but not closing as many; Banking Technology lists the top 10 banks by branch closures. Source.

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Asia/Pac Fintech News Roundup

·Aug. 15, 2017

China Identifies 17 Tech Hubs for Economic Development

The State Council's "Made in China 2025" initiative is seeking to transform China into a greater innovator of technology; the initiative seeks to capitalize on artificial intelligence, big data analytics and robotics and is being designated as a three-step national guideline; along with the initiative the country's State Council has identified 17 national-level innovation demonstration zones that will be allowed favorable policies in order to bolster their respective geographical strengths and support increased regional innovation. Source

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Fintech News Roundup USA

·Feb. 14, 2019

Supply Chain Vendor Risk Continues to be a Growing Problem

The recent exposure of more than 24 million mortgage documents has brought to light an issue that has plagued financial...

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Fintech News Roundup Online Lending

·Feb. 22, 2017

LendIt Announces Eight Finalists for PitchIt @ LendIt USA 2017

LendIt has announced eight finalists from a pool of approximately 300 applicants for this year's PitchIt @ LendIt USA; finalists will be connected with mentors for competition preparation and ongoing business support; LendIt has partnered with 500 Startups and sponsor Marqeta to host the event; the finalists will present to a panel of judges at LendIt USA 2017 on March 7. Source

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Fintech

·Mar. 16, 2022

Podcast 347: Wendy Cai-Lee of Piermont Bank

Banking-as-a-Service (BaaS) has become quite popular these days with dozens of banks offering different services to fintechs and tech companies. But almost all these banks were not originally conceived this way, they are adding BaaS as a new product offering. Our next guest on the Fintech One-on-One podcast is Wendy Cai-Lee, the CEO and Co-Founder of Piermont Bank. The bank only began operations in 2019 but it is a fully chartered bank that has been built from the ground up […]

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Fintech

·Apr. 29, 2022

LatAm will squander pandemic gains without digital infrastructure push | Financial Times

The Covid tech boom could turn out to be a statistical blip

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Fintech

·Jan. 28, 2022

Robinhood Loses $423 Million in the 4th Quarter, Shares Drop in After Hours Trading

Robinhood Loses $423 Million in the 4th Quarter, Shares Drop in After Hours Trading. | Crowdfund Insider: Global Fintech News, including Crowdfunding,

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