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FintechUSA
·Jun. 3, 2020

Vervent and Finitive Join Forces to Promote Fintech Best Practices

Two highly respected fintech companies have formed a strategic partnership to help develop underserved markets; Vervent and Finitive have experience...
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FintechUSA
·Jun. 3, 2020

Payday Lenders Finding Ways to Reach Desperate Consumers

Payday lending has always had a place in financial services as they do offer credit to those who are shut...
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FintechUSA
·Jun. 3, 2020

Online Lenders Make Attractive Buying Targets for Banks

Online lenders have felt the brunt of the current crisis as many of the platforms operate on a marketplace model...
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FintechUSA
·Jun. 3, 2020

Alibaba Launches Interest Free Financing for U.S. Companies

China’s largest e-commerce company, Alibaba, launched a new interest free offering for U.S. small businesses;“Rather than a low-cost loan, the...
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FintechUSA
·Jun. 3, 2020

Digital Bank Varo Closes $241m Series D

Varo is inching closer to becoming a fully regulated digital bank; they have closed a new funding round, a $241...
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FintechUSA
·Jun. 4, 2020

Payday Lenders Taking Advantage of Consumers During Pandemic

Recent research suggests that payday lenders are marketing directly to consumers who are seeking financial help due to the pandemic;...
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FintechUSA
·Jun. 4, 2020

The Impact of Confusing Paycheck Protection Program Rules

Businesses as well as those who represent lenders shared their thoughts on the government stimulus program to an oversight board...
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FintechUSA
·Jun. 4, 2020

Webull Prepares String of Product Launches to Compete with Robinhood

The volatility in the stock markets has put stock trading apps at the forefront of fintech in recent months; Robinhood...
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FintechUSA
·Jun. 4, 2020

PayPal Participated in Tink’s Last Funding Round

PayPal participated in Tink’s $90 million funding round which was announced back in January; to go along with the investment,...
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FintechUSA
·Jun. 4, 2020

Consumers Spent $11.7 Billion in Bank Overdraft Fees Last Year

According to research from the Center for Responsible Lending in 2019 American consumers spent $11.7 billion in overdraft fees; the...
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