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USA

·May. 6, 2019

Fintech Needs To Stop Tinkering At The Edges Of Big Data

Douglas Merrill, the CEO of ZestFinance, writes in Forbes that more data for making an underwriting decision is usually better;...

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Fintech News Roundup USA

·Mar. 21, 2018

Mike Cagney’s New Venture

Mike Cagney was previously a co-founder of SoFi; after resigning last year he began work on a new startup which involves home improvement financing and HELOCs; the company is called Figure and is live at www.figure.com; according to the website, “Figure is a financial technology company with the mission of leveraging blockchain, AI and advanced analytics to unlock new access points for consumer credit products that can transform the financial lives of our customers. We provide home equity release solutions, including home equity lines of credit, home improvement loans and home buy-lease back offerings for retirement.” Source

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Fintech News Roundup USA

·Jun. 26, 2019

Small Banks Grapple with Vendor Contracts

In the last 5 years HarborOne Bancorp has converted from a credit union to a mutual bank, became 45 percent...

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Fintech News Roundup USA

·Aug. 28, 2017

PitchIt @ LendIt Part 1 of 2

PitchIt 2017 was a competition for fintech startups, in exclusive partnership with global venture capital fund 500 Startups, the world leader in investing in and mentoring early-stage fintech startups; the platform nurtures emerging talent in fintech throughout the competition, provides selected finalists with unparalleled access to industry expertise as well as invaluable exposure and branding; eight finalists present their businesses to a panel of select judges who then ask questions to determine a winner. Source

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Fintech News Roundup USA

·Nov. 1, 2017

Noreika on National Bank Charters

Keith Noreika, the acting Comptroller of the Currency recently signed the first full-service de novo national bank charter since the financial crisis to Winter Park National Bank of Florida; Noreika believes there are still too few new banks and part of the problem is the onerous process; Noreika outlines the lengthy process and discusses his suggested changes in his testimony back in June. Source

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News Roundup Online Lending Real Estate USA

·Jan. 26, 2017

Fundrise Seeks Equity Investment from the Crowd

Fundrise has announced a Regulation A investment offering of Rise Companies Corp. which is the parent company of the investment platform Fundrise, LLC; the campaign is currently in a solicitation phase which its website says has generated interest of over $58 million from more than 4,350 users; the investment offering circular was initially filed with the Securities and Exchange Commission on December 29, 2016; some details from the most recent amended offering circular include the following: offering of one million shares of Class B non-voting common stock, offer and sale of the shares is limited to investors who have purchased investments on the Fundrise platform. Source

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Fintech News Roundup USA

·Jan. 3, 2019

Blockchain to Bear Fruit in 2019

Despite the declines seen in the sector in 2018, many analysts see 2019 as the year blockchain innovation will begin...

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News Roundup Online Lending USA

·Feb. 28, 2017

AutoFi Announces New Financing Partnership with iLendingDIRECT

AutoFi has announced a new partnership to expand its online point-of-sale auto financing solution; AutoFi has now partnered with iLendingDIRECT which includes a network of credit unions; the new partnership builds on a recently announced offering with Ford Credit and also adds to the platform's extensive auto lending network of banks and specialty lenders. Source

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Fintech News Roundup USA

·Jan. 23, 2019