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Fintech

FintechNews RoundupUSA
·May. 16, 2018

Lend Academy Article: Prosper Reports Q1 2018 Financials

Prosper narrowed their losses for the quarter and reported significant growth in originations. Source...
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FintechNews Roundup
·May. 16, 2018

Announcements & Releases for May 16, 2018

SVB is riding the tech wave to record profits. Can it last? US Regulators Say They Want to Avoid ‘Hindering’...
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EuropeFintechNews Roundup
·May. 15, 2018

Marcus Looks to Expand to Germany after UK Launch

As Marcus looks to launch a UK savings product soon the bank is already eyeing additional European markets; they plan...
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FintechNews Roundup
·May. 15, 2018

DBS Bank Takes on China’s Biggest Fintech Firms

DBS Banks has been in the midst of changing the way the bank operates, culturally and competitively; they now find...
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EuropeFintechNews RoundupUSA
·May. 15, 2018

HSBC Completes Trade Finance Deal on the Blockchain

According to Financial Times, this marks the first commercially viable trade finance deal using the blockchain; the trade was completed...
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FintechNews RoundupUSA
·May. 15, 2018

Vikram Pandit Bets Big on Credit Card Startup

The former Citigroup CEO is investing $100 million in Fair Square Financial LLC through his investment firm called Orogen Group;...
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FintechNews RoundupUSA
·May. 15, 2018

Morgan Stanley Sees Brazil as a Rising Fintech Power

Morgan Stanley recently bought more than $14mn of local subordinated bonds from online lender Geru Tecnologia e Servicos; Brazil has...
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FintechNews RoundupUSA
·May. 15, 2018

Default Rates of Subprime Auto Loans Higher than Financial Crisis

According to data from Fitch Ratings delinquency rates for subprime auto loans are at 5.8 percent, higher than the financial...
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FintechNews RoundupUSA
·May. 15, 2018

Citizens Financial Looks to Launch Online Only Bank

In a bid to boost their deposit base Citizens Financial is planning to launch a online only bank; the new...
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FintechNews Roundup
·May. 15, 2018

Steve Eisman Discusses Online Lending, Current Market Opportunities

Steve Eisman is famous for shorting the subprime housing market prior to the financial crisis; he recently spoke at the...
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