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Fintech

·Apr. 1, 2022

Tomorrowland launches Web3 experience with FTX Europe

The biggest electronic music festival in Europe, Tomorrowland has partnered with FTX Europe, to create new digital Web3 experiences and NFTs.

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Fintech News Roundup USA

·Oct. 18, 2017

Lend Academy Article: Lending Club Sweetens the United Airlines Frequent Flier Promotion

Lending Club has a new deal for investors to earn United miles; last year the initial program awarded 1 mile for every $2 invested; now investors will earn 1 mile for every $1 investors; the program is open to new and existing investors and is valid until January 9, 2018. Source

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Fintech News Roundup USA

·Aug. 8, 2017

Automatic Savings: A Key to Financial Wellness

Over 50% of Americans can not afford an unexpected expense of $400; at LendIt USA 2017 we hosted a fireside chat focused on helping Americans save; a key area that companies look at is an individual's spending as a way to help change their behavior to save more; round up from the everyday coffee you buy or set goals through your lifestyle; each way can help individuals to better set aside money when needed, as well as invest for the future; technology today allows for companies to better help individuals who thought they were left out of the investment community; the chat also focused on why they believe as a startup they can help to solve the financial inclusion question as opposed to the incumbent banks; the discussion also touched on the future of their businesses, current partnerships with top consumer brands and potential add ons for their current product offerings. Source

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Banking

·Sep. 22, 2021

LendIt Fintech & Amount team up on BNPL survey

LendIt Fintech has teamed up with leading fintech firm Amount to put together a survey asking banks and fintechs about launching a BNPL credit product.

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Fintech News Roundup USA

·Apr. 16, 2019

Avant Settles With the FTC for $3.85 Million

Avant will pay $3.85 million to settle with the Federal Trade Commission for allegations that it misled customers who were...

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Fintech News Roundup

·Mar. 6, 2020

More News for March 6th, 2020

OCC proposes eliminating ‘outdated’ licensing rules Is the future of banking not open but closed? P2P Lender Assetz Capital Tops...

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Fintech News Roundup USA

·Mar. 20, 2018

Cash Not Dying Anytime Soon in the U.S.

The share of cash in 2016 accounted for 12.6 percent of GDP and the forecast includes the share being 11.2 percent by 2021; while new forms of payments are being adopted and card payments still used widely, cash will still play an important role; a few of the main reasons for continued cash usage is people prefer to use cash for small transactions, 27 percent of U.S. consumers are unbanked and fraud has become more widespread which can cause people to use cash more. Source.

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Fintech News Roundup USA

·Apr. 28, 2020

Community Banks Will Find a Big SMB Opportunity from the Crisis

The Paycheck Protection Program has highlighted a number of issues in small business banking that could potentially open the door...

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Europe Fintech

·Jul. 28, 2020

Tink Aims to be the Rails and Brains of Open Banking

Sweden’s fintech scene has come a long way in recent years and has proved to be one of Europe’s best...

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Fintech News Roundup USA

·Sep. 27, 2017

Fortress Alum Mike Novogratz Starting $500mn Crypto Fund

Fortress Alum Mike Novogratz is starting a $500mn hedge fund to invest in cryptocurrencies, ICOs and other companies in the blockchain space; he will start the fund with $150mn of his own money and raise the rest from family offices, fund managers and wealthy individuals; “This is going to be the largest bubble of our lifetimes,” Novogratz said to Bloomberg. "You can make a whole lot of money on the way up, and we plan on it.” Source.

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