Top Fintech News Stories for August 12, 2020

Here are the most read news stories from our daily newsletter today:

• American Express reportedly in talks to buy Kabbage for $850M
• Building a fintech giant is very expensive
• LendIt Fintech Job of the Week: SVP of Revenue for Climb Credit
• Online payments provider Stripe hires GM CFO
• Biz2Credit’s Latest Small Business Lending Index: Small Business Loan Approval Rates at Banks Increased in July 2020
• Using AI to make secondary market for online consumer loans
• How An Online Lending Hedge Fund Manager Became “Unwound”
• Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services
• Rellevate Enters Early Wage Access Market With A Full Digital Banking Program
• Founded in Seattle, fintech startup Routable raises $12M to streamline business payments