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Fintech

·Apr. 21, 2022

Currency.com expands into the US

Currency.com, the high-growth global crypto exchange helping everyone connect with the booming world of cryptocurrencies, has today announced it has expanded into the US.

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Europe Fintech News Roundup

·Apr. 15, 2019

Credit Karma Making Big Push in UK Expansion

Credit Karma has had huge success in the US providing free credit scores and recommending products for their users; they...

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Fintech News Roundup USA

·Aug. 4, 2017

LendIt Webinar: Blockchain Technology: Helping to Transform Wealth Management & Insurance

Join LendIt for a webinar about blockchain technology and how it can streamline operations for wealth managers and insurance back office operations; register here for the August 14 webinar at 2:00 PM EST; presenters include Jayant Khadilkar, global head of analytics and technology at Tiger Risk, and Ryan Rugg, business development at R3. Source

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Fintech

·May. 31, 2022

Ripple, FTX on the hunt for acquisition targets as market crashes

Ripple and FTX, told CNBC that they're on the lookout for acquisitions as the cryptocurrency industry hopes to drive growth through buying other firms.

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Fintech News Roundup

·Aug. 14, 2017

Bitcoin Reaches New Highs

Bitcoin's price has been gaining in recent days; CNBC reports on its new high of $3,586.23 on Friday; over the weekend it continued to gain, surpassing $4,000; with the new highs the cryptocurrency’s value has gained over 24% in the past week and tripled in value for the year; its split into bitcoin and bitcoin cash has been a lead catalyst for its recent price gains; an additional upgrade called “segregated witness” is also being supported. Source

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Fintech

·Jan. 25, 2022

U.S. banks close 2,927 branches in 2021, a 38% jump

Wells Fargo, with 267, reported more net closures than any other bank in the U.S., followed by U.S. Bank at 257. However, Huntington Bank saw 16% brick-and-mortar shrinkage, the most for a bank its size, S&P Global found.

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Fintech

·Jan. 18, 2022

Payroll Connectivity Firm Pinwheel Raises $50M

Payroll connectivity API firm Pinwheel says it’s preparing to expand after raising $50 million in a Series B funding round.

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Asia/Pac Fintech News Roundup

·Aug. 15, 2017

China’s QDII Products Reactivated for Asset Managers

China's State Administrative of Foreign Exchange (SAFE) has granted Qualified Domestic Institutional Investor (QDII) quotas of US$89.9 billion to 132 Chinese mainland financial institutions; the new quotas follow positive investment catalysts including a Hong Kong stock market rally; the new quotas give Chinese asset managers broader freedom for investment in foreign fixed income and equities. Source

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Fintech News Roundup

·May. 15, 2018

Steve Eisman Discusses Online Lending, Current Market Opportunities

Steve Eisman is famous for shorting the subprime housing market prior to the financial crisis; he recently spoke at the...

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Fintech News Roundup

·Dec. 18, 2017

Loan Stacking a Problem in China

A new study has found that borrowers in China are taking out loans from multiple platforms; of 61 online lenders in the study, 44% of their customers borrowed from multiple sources; it is difficult to prevent against this since p2p lenders don’t have access to all of the credit data of their borrowers and there is no centralized place for platforms to share data; the study was done by the Beijing Internet Finance Industry Association. Source

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