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Fintech

Fintech
·Feb. 8, 2022

SoftBank-backed fintech DriveWealth adds crypto, takes on Coinbase

The start-up, founded in 2012 by Cortright, has been an under-the-radar beneficiary of the retail-trading boom.
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Fintech
·Feb. 8, 2022

Facebook pummeling pulls down fintech earnings

The week was red. Paypal, Robinhood, and Lending Club followed the Meta trend: missed earnings, and '22 predictions that spooked investors.
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Fintech
·Feb. 8, 2022

Platforms Make Banks Rethink BNPL Value for SMBs

Sam Graziano, head of Amount Small Business, explains why financial institutions need to rethink how they offer capital to small- to medium-sized businesses.
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Fintech
·Feb. 8, 2022

What is a “junk fee?” CFPB’s inquiry sparks industry backlash

CFPB Director Rohit Chopra launched an inquiry into so-called “junk fees,” with bankers and lenders countering that the fees they charge are related to specific types of work performed and that existing laws already prohibit excessive fees.
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Fintech
·Feb. 8, 2022

US Department of Treasury Reports on Money Laundering in the Art Market, NFTs May Present New Risk

US Department of Treasury Reports on Money Laundering in the Art Market, NFTs May Present New Risk. | Crowdfund Insider: Global Fintech News, including
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Fintech
·Feb. 8, 2022

Regulators Urged to Ban Predatory FinTech Loans

A coalition of advocacy groups wants U.S. regulators, including the FDIC, to look into banks partnering with FinTechs to charge predatory interest rates.
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Fintech
·Feb. 8, 2022

Climate fintech funding 3x higher than all previous years combined

According to CommerzVentures’ second report on climate fintech, venture capital (VC) funding for fintechs driving net-zero economies hit a record high in 2021.
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Fintech
·Feb. 8, 2022

FDIC chair lauds agency’s resolve in final speech

The crisis "unlike any other" that Jelena McWilliams referenced Thursday is COVID-19 — and the regulator's response to it — not the unusual political squabble that spurred her exit.
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Fintech
·Feb. 8, 2022

“The Klarna Card Could Become a Dangerous Piece of Plastic”

Klarna announced the launch of a physical Klarna card in the UK, allowing consumers to pay later for their purchases in physical stores.
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Fintech
·Feb. 8, 2022

Amount acquires Linear Financial Technologies

Amount announced today the acquisition of Linear Financial Technologies (“Linear”), the premier SMB loan and account origination platform.
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