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big techChinadigital lendingdigital transformationpaytech
·Jul. 31, 2020

Growth of brand banking, tragedy of OnDeck vs. Kabbage, and the Indian Fintech war between WhatsApp and WeChat

The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention.

Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking.

Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space.

Kabbage and Intuit launched small business bank accounts as extensions of their already deep relationships with SMBs.

And WhatsApp is trialing all sorts of financial services in India just as Chinese fintech super apps are being banned from the country.

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decentralized financeEmbedded Financepaytechphilosophy
·Jun. 29, 2020

Wirecard’s collapse hurts Fintech & Crypto start-ups, like Lehman and Enron burned the economy

This week, we consider the impact of financial infrastructure collapse and who really gets hurt through the lens of Wirecard, Enron, and Lehman Brothers. Yes, there are investors in the entity that will lose value. But there are also clients and counterparties of Wirecard, like Curve, Revolut, and Crypto.com. In the case of Lehman, there was a $40 trillion derivatives notional amount that took twenty years to wind down. We also consider the most recent $500,000 hacking in DeFi of an automated market maker to see if there are common threads to be drawn between the two worlds.

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eCommerceneobankpaytech
·Jun. 5, 2020

Cash App, Venmo, Digital Wallets and Challenger Banks with ARK Invest

Welcome back to the Fintech Blueprint / Rebank podcast series hosted by Will Beeson and Lex Sokolin. Max Friedrich is a fintech analyst a ARK Invest, a public markets investment manager focused on disruptive technologies including autonomous tech, robotics, fintech, genomics and next generation internet. Max recently published a report on digital wallets, including Venmo and Square’s Cash App, which is available for download on ARK’s website. In this conversation, we explain why Cash App has seen exponential growth.

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FintechNews RoundupUSA
·May. 12, 2020

Samsung’s Move into Debit Cards Shows Big Tech in Banking is Here to Stay

Apple, Google and now Samsung have all entered into the financial services space in a bid to provide a better...
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FintechNews RoundupUSA
·May. 8, 2018

Samsung Pay Adds a Cash Back Feature

Samsung Pay has added a cash back option where customers can earn 5 percent cash back when paying with the...
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EuropeFintechUSA
·Jul. 24, 2020

More News for July 24, 2020

CEO Brad Paterson Of Fintech Upstart Splitit On The Future Of E-commerce, Payments, Fintech, And BNPL (By Now, Pay Later)...
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EuropeFintech
·Jun. 24, 2020

Curve Powering Samsung Pay Card in the UK

London-based fintech Curve has been selected by Samsung to power the Samsung Pay Card in the UK; the debit card,...
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FintechNews RoundupUSA
·May. 28, 2020

Samsung and SoFi Officially Unveil Samsung Money by SoFi

We had already known about the partnership between SoFi and Samsung, but today the companies have officially unveiled Samsung Money...
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Peer to Peer Lending
·Jun. 13, 2018

New Technologies and New Customer Experiences Drive Banking Today

The discussion at American Banker’s annual Digital Banking Conference in Austin last week revolved around new technologies like AI and...
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FintechNews RoundupUSA
·Mar. 1, 2018

New Samsung Galaxy S9 could be a Game Changer for Facial Recognition

Samsung’s new Galaxy S9 is marketed as having a better camera and can take clear pictures in low light; the technology could solve one of the bigger facial recognition issues which is poor quality pictures in low lighting; thus far banks have been slow to adopt the new technology as they have yet to be comfortable wit the way it currently works; with Samsung and Apple continuing to improve their cameras and a younger generation of customers increasing, facial recognition will soon be an important piece for all banks. Source.

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