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Bank of America, MX and Carolina Fintech Hub are training refugees and nontechies to become developers while at the same time showing corporate citizenship.
February 27
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Figure, the startup headed by Mike Cagney, uses blockchain technology to provide home equity loans in as little as five days. It intends to use the newly raised funds to offer other services, including wealth management.
February 27
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The real value for Apple is in the underlying consumer and spending data. Apple already has a tremendous amount of consumer data via its phones and will gain the ability to pair that with consumer spending, according to Ali Raza, managing principal at Blue Leviathan.
February 27
Blue Leviathan -
The subscription services industry is a booming market that has drawn-in hundreds of startups, millions of dollars in venture capital and changed many aspects of how people shop.
February 27
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With U.S. sanctions in place against Venezuela, banks fear compliance violations; exclusion and cyber attacks the biggest concerns of cash-free society.
February 27
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The deal marks the first time that the retail giant will enable its customers to use fixed-rate loans, rather than credit cards, for big-ticket purchases in its stores and online.
February 27
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The root of the credit reporting sector’s problems may be its dominance by a handful of big firms, lawmakers from both parties said at a hearing.
February 27
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Ronald Rubin, who was a CFPB enforcement attorney, will head an office overseeing nearly 200 state-chartered banks.
February 26
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The Securities and Exchange Commission rejected the banks' arguments that the proposals amounted to shareholder micromanagement and that they have made ample disclosures.
February 26
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The CEO of the nation's biggest bank gave the fintech props for revolutionizing payments and then building off its success to provide a whole range of services to small-business clients.
February 26
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The agency wants to increase the maximum SBA Express loan to $1 million from $350,000 to pump up volume.
February 26
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Lawmakers on the Senate Banking Committee pushed Federal Reserve Chair Jerome Powell for details about how he plans to review the proposed merger between the two regional banks.
February 26
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The root of the credit reporting sector’s problems may be its dominance by a handful of big firms, lawmakers from both parties said at a hearing.
February 26 -
Mobile payments adoption is patchy, but it's getting a higher profile in social media.
February 26
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Amazon, Accenture and Mastercard are using digital identity, blockchain and mobile payments to crack a window into sustainability and inclusion, but they’re also gaining potential retail benefits by capturing consumers who crave information about the origin of products.
February 26
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The foray into digital consumer lending follows a similar move by rival Citigroup.
February 26
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Hong Kong's mobile wallet AlipayHK has expanded to enable cross-border payments for the first time in Japan and other regions of the Greater Bay Area.
February 26
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The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.
February 26
Funding Circle -
The company also said at its investor day that the fourth-quarter slowdown in trading activity has continued into the new year.
February 26
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If confirmed to lead the Federal Housing Finance Agency, Mark Calabria would have a central role in any efforts to reform the government-sponsored enterprises Fannie Mae and Freddie Mac
February 26
