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FintechNews RoundupNorth AmericaUSA
·Nov. 21, 2016

ID Authentication Company, Trust Stamp, Raises Capital

Trust Stamp, who focuses their business on identity authentication that leverages artificial intelligence and blockchain technologies, just raised a new round of funding from Second Century Ventures; the amount of the funding has yet to be disclosed; Trust Stamp uses artificial intelligence software to comb through public records and social media data to provide ID verification to real estate professionals who meet new clients; the new funding will help them to continue building out their technology and integrate blockchain into their processes.  Source

 

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FintechNews RoundupUSA
·Feb. 9, 2018

Identity Fraud in the US Hits an All Time High

A record number of Americans experienced identity fraud in 2017, that represents an 8 percent increase from 2016; according to a study by Javelin 16.7 million people were hit by identity fraud; the rate of increase for identity fraud has slowed from 2016 but Americans that were notified about a breach also went up 30 percent; fraud prevention has become one of the main topics in fintech and banking as companies look to leverage new technologies like AI and blockchain for solutions. Source.

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FintechUSA
·Jul. 2, 2020

Identity Fraud is Soaring and How One Lender is Attacking the Problem

Penny Crosman writes in American Banker about the rise in identity fraud in the past year; citing a Javelin Strategy...
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FintechNews RoundupUSA
·Feb. 7, 2018

Identity Fraud Reached All Time High in 2017

According to a 2018 identity fraud study, victims increased 8% to 16.7 million US consumers in 2017; this is a record since Javelin Strategy & Research began tracking data in 2003; as chips in cards have become more prevalent, fraud has continued to move online; the research highlighted the increase in intermediary accounts being created by fraudsters which could include PayPal and Amazon accounts; article shares further data on trends in identity fraud. Source

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FintechNews RoundupUSA
·Jun. 10, 2019

IEX Struggles to Change Markets After Initial Excitement

IEX came on the scene a few years ago with a lot of excitement with CEO Brad Katsuyama gaining fame...
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FintechNews RoundupUSA
·May. 21, 2020

If I Were To Launch a Decentralized Lending Operation, These Would Be My Domain Teams

In part two of the series written about decentralized lending Jason Jones asked John Donovan (co-founder and former Lending Club...
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FintechNews RoundupUSA
·Mar. 7, 2018

Immigrants Helping top Transform Remittances Market

WorldRemit recently entered the U.S. market and already expects it to be their biggest market by year end; remittances sent from the U.S. back to home countries have risen to $66bn from $50bn in the last 5 years; immigrants are becoming more tech savvy and companies like WorldRemit see big potential as apps like WhatsApp have helped move people to use their phones more and more; WorldRemit has been driven in large part by relying on a number of different partners to help set up their expanding network; tax issues are still a big concern and recently receiving the NY approval, a 2 year effort, sets the company up to focus on scale. Source.

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FintechUSA
·Jun. 2, 2020

Improving Financial Services Products for Women

A new study by Cornerstone Advisors and Acxiom examined how the financial lives of women differed from men; the study...
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arc gold
Fintech
·Mar. 21, 2023

In the banking crisis’ wake, Arc launches Arc Gold

Arc were one of the self described first responders of the SVB crisis. They have now launched gold to help startups easily diversify risk.
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News RoundupOnline LendingUSA
·Sep. 1, 2017

In-Depth Details on the Upgrade Loan Platform

SuperMoney reviews the new US consumer lending platform founded by Renaud Laplanche; firm is an online lender focused on personal loans, also offering consumer credit monitoring and education for its customers with benefits for high quality borrowers; SuperMoney outlines the platform's underwriting standards, application process, and pros and cons versus competitors. Source

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