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USA

FintechNews RoundupUSA
·May. 7, 2020

Revolut Eager to Prove it Has Grown Up

Revolut has become one of the hottest fintechs in the world since launching five years ago and the company has...
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FintechNews RoundupUSA
·Aug. 14, 2017

Microsoft Releases Ethereum Based Protocol Coco

The Confidential Consortium framework called Coco is an ethereum-based protocol that organizations can use to process information on the ethereum blockchain; Microsoft Azure's CTO says it can help enterprises scale their operations securely; explaining the benefits of the technology, Coco user, Tom Racette, vice president at Mojix, said: "Being able to run our existing supply chain Dapp code much faster within Coco framework is a great performance improvement that will reduce friction when we talk about enterprise blockchain readiness with our retail customers. Adding data confidentiality support without sacrificing this improvement is what will enable us to lead the digital transformation we are envisioning with smart supply chains." Source

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FintechNews RoundupUSA
·Sep. 19, 2017

Press Releases for September 19, 2017

  • YOUNITED CREDIT raises €40 million to accelerate its european expansion and reinforce its technological leadership
  • ReliaMax Announces New Whole Loan Portfolio Placement Service
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FintechNews RoundupUSA
·Mar. 14, 2018

Lend Academy Article: Credit Analysis and Valuation Methods for Marketplace Lending Loan Portfolios

Lend Academy digs in to the complex topic of valuation with this Q&A piece conducted with Houlihan Lokey. Source

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FintechNews RoundupUSA
·May. 15, 2020

Music Fintech Stem Providing $100 Million in Advances to Musicians

The coronavirus continues to wreak havoc on all areas of the economy; musicians that have relied on live performances for...
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FintechNews RoundupUSA
·Jan. 30, 2018

Lend Academy Article: Why Congress Needs to Act Now to Fix the “Madden Issue”

The new CEO of the Innovative Lending Platform Association has written an op-ed focused on the Madden decision and how it could be fixed by Congress to better serve small businesses. Source

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News RoundupOnline LendingUSA
·Apr. 5, 2017

S&P Global Reports on Q4 2016 MPL Originations

S&P Global Market Intelligence has released data on fourth quarter and 2016 originations for 13 major online lenders; the final quarter of 2016 showed a decrease in loan originations consistent with challenges for the industry in the second half of the year; in the fourth quarter total loan originations were down 15% however loan originations for the year still reported a 15% increase.  Source

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FintechUSA
·Jun. 19, 2020

Can Robinhood Seize the Moment?

Robinhood has quickly become one of the hottest fintechs in the world during the pandemic as they added more than...
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FintechNews RoundupUSA
·Jan. 16, 2018

Wells Fargo Increases Branch Closures As Customers Use Digital More

Wells Fargo has seen customers become more adept at using digital and plans to accelerate their branch closure plans; the company is looking to close more than 800 branches by the end of 2020; “Our vision of satisfying our customers’ financial needs remains unchanged, but how we execute this vision has evolved; this evolution includes developing new ways to more efficiently serve our customers and create a better customer experience,” said CEO Tim Sloan on a conference call as reported by TearSheet; the closures are expected the save the bank about $4bn. Source.

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FintechNews RoundupUSA
·Apr. 2, 2020

Lendio Looks to Hire 200 Small Business Loan Agents

Small business lending marketplace Lendio is looking to hire 200 full time small business loan agents to help meet demand;...
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