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Fintech

FintechNews RoundupUSA
·Jun. 21, 2019

Credit Union Customers Want Cutting Edge Technology

The latest edition of Credit Union Tracker, a collaboration between PYMNTS and PSCU, found that 60% of credit union customers...
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FintechNews RoundupUSA
·Jan. 26, 2018

Earnest Co-Founder Steps Down

Louis Beryl was co-founder and chief executive of Earnest; he left the company this week; Navient Corp purchased Earnest back in October 2017 for $155 million; Earnest co-founder Ben Hutchinson remains at the company as chief operating officer. Source

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Fintech
·May. 27, 2022

Vicepresidenta de la Fed testifica a favor de las CBDC, “pueden coexistir con las stablecoins”

El mes pasado, el Senado de Estados Unidos confirmó a Brainard como el próximo vicepresidente de la Reserva Federal, sentado junto al presidente Jerome Powell.El reciente colapso de Terra (LUNA) todavía tiene reguladores que buscan sanciones cripto más estrictas después de que la stablecoin perdiera...
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FintechNews RoundupUSA
·Apr. 23, 2019

LendingClub Changes Strategy With Small Business Lending

LendingClub announced today that they will no longer be originating small business loans themselves; instead, they will be creating a...
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Fintech
·Jul. 25, 2022

Voyager: ‘No Customer Will Be Made Whole’ Under FTX Proposal

FTX CEO Sam Bankman-Fried said his firm's offer would give Voyager customers back 100% of the remaining assets, while Voyager’s lawyers argue that it only benefits FTX.
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FintechNews RoundupUSA
·Mar. 2, 2018

SEC Might be Overstepping in ICO Enforcement Blitz

Jason Gottlieb, a partner at Morrison Cohen, told Crowdfund Insider that, in his opinion, “Despite its firm view that most (and maybe all) ICOs were unregistered securities offerings, the courts have not yet decided whether the “coins” or “utility tokens” are truly securities.”; the reports point to the SEC investigating at least 12 ICOs and their gatekeepers; regulators have been increasing their understanding of the space in the last year as the ICO market has taken off. Source.

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Fintech
·Dec. 2, 2021

Square changes corporate name to Block

Square is renaming itself Block as it focuses on technologies such as blockchain and expands beyond its original credit card-reader business.
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Asia/PacFintechNews Roundup
·Jan. 3, 2017

Social Cash Helping Increase Use of WeChat

As of September 2016, WeChat had 768 million active users; the service is owned by Tencent; social cash sent to users through customized red packets or red envelopes has been one factor driving increased usage; WeChat has also been helping fuel a cashless society with 300 million users using WeChat Pay; expanding features and red packet promotional efforts have helped the company report an estimated value of $80 billion which is approximately half of Tencent's market cap.  Source

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FintechNews RoundupUSA
·Apr. 23, 2020

How the 202nd Largest Became Became a Prominent PPP Lender

Union Bank & Trust is a family-owned institution with 900 employees; they are by far a big name in banking,...
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FintechNews RoundupUSA
·Jun. 10, 2019

Uber Pushing Further into Fintech in New York

Uber is working towards offering more financial products hiring dozens of employees in New York; sources say that the team...
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