News Roundup Archives | Page 339 of 715

Zelle is seeing thousands of signups each day and last year saw $75bn in payments, but fraud has become a bigger problem for the company; fraudsters have used some weaknesses like inconsistent notifications when money is sent or received and the speed of transactions because the full posting happens later; they have also seen spoof emails or texts which trick customers into authorizing transactions to a fraudster, Zelle and the banks say they are working on improving the issues. Source.

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News Roundup

·Apr. 14, 2020

A Firsthand Account of a Paycheck Protection Program Loan Application

Like millions of other businesses here at LendIt Fintech we have been...

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Europe News Roundup Online Lending

·Nov. 2, 2016

Funding Circle Loan Originations Reach a New Monthly High in October

UK marketplace lender, Funding Circle, has reported a record month for loan originations in October; the platform originated £95 million worth of loans in October, reporting its highest ever monthly origination volume; the firm's previous loan origination volume record was set in September with £75.2 million in loans; the small business lender now has total loan originations of £1.62 billion. Source

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Europe News Roundup Online Lending

·Feb. 9, 2017

MarketInvoice Launches MarketInvoice Pro

MarketInvoice has launched a new product for invoice discounting; MarketInvoice Pro provides an open funding line through new technology that will make invoice financing easier and faster for businesses with an ongoing need for funding; to support the new product growth, MarketInvoice recently received a 7.2 million British pound ($9.04 million) investment from MCI Capital and Northzone Partners; with the launch of MarketInvoice Pro the firm plans to double its lending for 2017 with targeted loan originations of 2 billion British pounds ($2.51 billion). Source

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Fintech News Roundup USA

·Feb. 25, 2019