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USA

·Jun. 29, 2020

Lenders Are Having Trouble Figuring Out Who is Creditworthy Today

Lenders today have a credit blind spot; this is because of the provision in the government stimulus package that allows...

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Fintech News Roundup USA

·Jan. 11, 2019

Open Banking Battle a Struggle for Traditional Banks

A recent report commissioned by Pepper, a 100% mobile bank created by Israel’s leading bank Bank Leumi, claims retail banks are seriously...

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Fintech News Roundup USA

·May. 11, 2020

Schwab Buying Motif Technology after Platform Shutdown

Motif, a robo-adviser platform recently announced that they were shutting down; now Charles Schwab is acquiring Motif’s technology and intellectual...

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Fintech News Roundup USA

·Jan. 22, 2019

Fannie Mae Chief Joins Mortgage Startup Blend

Timothy Mayopoulos is the most recent example of a high profile executive moving into fintech; Mayopoulos will serve as President...

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Fintech News Roundup USA

·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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Fintech News Roundup USA

·Oct. 3, 2017

Real-Time Payments Network Given Go Ahead by Justice Department

The US Department of Justice has approved the real-time Payments network after a yearlong antitrust review; the Clearing House, a consortium of the biggest banks in the US, was pleased by the news as they plan to launch their leading system later this year; this is seen as a step in the right direction of helping to modernize the US payments system. Source.

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Fintech News Roundup USA

·Oct. 11, 2017

Lend Academy Article: PeerIQ Releases Marketplace Lending Securitization Tracker Q3 2017

PeerIQ released their third quarter marketplace lending securitization report; total issuance for the quarter was $2.6 billion down from $3 billion in the last quarter; SoFi closed two consumer deals and one student deal; Lending Club and Prosper both issued one deal; College Avenue issued their first ever student loan securitization. Source

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Fintech News Roundup USA

·Jan. 12, 2018

Merrill Lynch Strikes Messaging Partnership

Bank of America Merrill Lynch announced it has partnered with fintech firm CellTrust for messaging to clients; the new service will be focused on client to advisor text messages; the partnership will allow the bank to catalogue all communication with time and date stamps, tracking and logging activity; they plan to launch the new program over the next two months. Source.

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News Roundup Online Lending USA

·Mar. 15, 2017

Video of the Week: Investing in the Future

Scott Sanborn provided the opening keynote presentation at LendIt USA 2017; the appointment of Sanborn has been a critical success factor for Lending Club and the marketplace lending industry; in his presentation he discusses the challenges of 2016 and the significant growth opportunity that still remains ahead; compares the market's potential to the growth of Amazon; provides insight on important factors for growth over the next ten years.