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FintechUSA
·Jun. 8, 2020

HSBC Allows Customers to use iMessage

HSBC announced Apple Business Chat was added to their suite of customer service channels; companies and their customers can use...
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FintechNews RoundupUSA
·Mar. 1, 2018

Square Looks to Double Down on Cryptocurrencies

“Bitcoin, for us, is not stopping at buying and selling," Square CEO Jack Dorsey told analysts on their earnings call as reported by Business Insider. "We do believe that this is a transformational technology for our industry and we want to learn as quickly as possible."; bitcoin has yet to effect Square’s earnings as they have only recently started crypto payments; they currently include a margin to account for the volatility of bitcoin; shares were down slightly after releasing earnings. Source.

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FintechNews RoundupUSA
·Aug. 24, 2017

Exploring the Potential of a Robo-Advisor IPO

Financial Planning explores the possibility of an IPO from the leaders in the robo-advice market including Betterment, Wealthfront and Personal Capital; the companies continue to raise money but some question the viability of the market; Betterment has over $10 billion in assets under management, Wealthfront has $7.4 billion and Personal Capital has $4.9 billion; the companies have a combined 420,000 clients and 548,000 accounts; article shares statements by each company regarding IPOs and the differences between the platforms. Source

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FintechNews RoundupUSA
·Dec. 12, 2017

Big Banks Invest in Isolation Tech Provider to Protect Against Potential Attack’s

JPMorgan Chase, American Express and HSBC said they are leading a $40mn round into Menlo Security; banks are usually a lot more secretive about security investments but they see a wider industry potential in using isolation technology; the technology can better defend against phishing attacks which account for most breaches as employees click on a fake link that then causes malware to infect the computer; when a user clicks on a link they open a browser that really is a one time instance in the cloud and prevents malware from downloading onto a computer; while some big banks have started using the technology more there has not been a significant rush yet. Source.

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FintechNews RoundupUSA
·Feb. 12, 2020

Visa Invests in Point of Sale Provider ChargeAfter

ChargeAfter operates in the point of sale space, connecting merchants and lenders to provide more options for consumers; the strategic...
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FintechNews RoundupUSA
·Apr. 26, 2018

Lend Academy Article: It’s Official: Kabbage To Acquire Orchard

The tech focused small business lender, Kabbage, has announcement the acquisition of Orchard, the leading loan analytics provider in the...
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FintechNews RoundupUSA
·Jan. 7, 2019

Manatt Fintech’s Top 5 Takeaways of 2018

Brian S. Korn, Leader, Digital Finance and Marketplace Lending, Partner, Manatt Financial Services and Benjamin T. Brickner, Associate, Corporate and...
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News RoundupOnline LendingUSA
·Mar. 2, 2017

LendUp Secures New Financing and Reaches Originations Milestone

LendUp has secured a new $100 million credit facility from Victory Park Capital bringing its total financing to $325 million; the firm has also announced a new lending milestone, with loan originations surpassing $1 billion from more than 3.3 million loans; the firm was launched in 2012 and seeks to support the emerging middle class through lending and financial education.  Source

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News RoundupOnline LendingUSA
·Mar. 10, 2017

Sift Raises $1.5mn for Credit Card Auditing App

The Sift app was designed to increase transparency in credit card spending and provide credit card users with detailed information on fees and alternatives; the app has the capability to analyze 90% of all issued credit cards in the US for hidden benefits, price adjustment refunds, extended warranties, return protection and more; the firm has announced a $1.5 million fundraising round with the launch of the app and has plans to increase its users and expand the app's offerings.  Source

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FintechNews RoundupUSA
·May. 27, 2020

Unintended Consequences of the Bounce Back Loan Scheme

The Bounce Back Loan Scheme has helped to extend billions in capital to businesses who sorely needed it, though there...
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