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FICO Unveils New Loan Origination Solution
Analytics and decision management technology company FICO launched a loan origination tool called FICO Originations Solution that automates the entire customer journey leveraging the FICO platform....
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MoneyLion Acquires Creator Network and Content Platform MALKA
MoneyLion made a move today that will help it catch the eye of prospective customers and retain its existing ones. The digital bank acquired MALKA, a creator network and content platform, to help it...
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4 Things to Know about the Creator Economy (and How Banks Can Get in)
The modern world has witnessed three major economies. First, there was the industrial economy in which people earned money through physical activity. Then came the consumer economy in which people...
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Agora Data Launches Reducing Rate Line of Credit
Buy Here, Pay Here (BHPH) crowdsourced securitization firm Agora Data is coming out with a new financing tool this week. The Texas-based company is introducing a reducing interest rate line of credit...
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Square Launching Product Photo App for Businesses
Merchant services aggregator and mobile payments company Square is making online merchants’ lives easier with a new launch today. The Square Photo Studio app helps sellers take high-quality pictures...
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KeyBank Acquires Banking-as-a-Service Provider XUP
Ohio-based KeyBank made its sixth acquisition today. The bank purchased Banking-as-a-Service company XUP, a platform that helps banks take control of the merchant experience. Terms of the deal were...
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Klarna Launches Pay Now in U.S., Announces Plan for U.S. Debit Card
While some European fintechs are exiting the U.S. market, consumer payment services firm Klarna is doubling down. The Sweden-based company announced it is adding its Pay Now option to its U.S. payment...
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Column Tax’s New Product Offers Americans Early Access to Tax Refunds
Column Tax, a company that offers tax features as a service, unveiled a new tax product today along with its announcement that it raised $5.1 million in seed funding. The investment, which marks...
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Slice Carves Up $220 Million in Funding
Payment card startup Slice received a $220 million Series B investment today, bringing its total funding to $291 million and boosting its valuation to over $1 billion, unicorn status. This is an...
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3 Things Plaid Found in its Fintech Study
Open finance network Plaid commissioned a survey from Harris Poll earlier this year to provide insights and analysis on fintech’s consumer impact in the U.S. and U.K. This fall, Plaid published a...
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Shinhan Bank Tests Out Stablecoins for Cross-Border Payments
South Korea-based Shinhan Bank recently wrapped up testing the use of stablecoins for cross-border transactions. The bank completed a proof-of-concept issuing and distributing stablecoins with an...
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Coinbase Acquires Unbound Security
Cryptocurrency exchange platform Coinbase acquired Israel-based security company Unbound Security today. Terms of the deal, which Coinbase calls the next phase of its security journey, were not...
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Fundbox Raises $100 Million for Small Business Payment Tools
Small business financial platform Fundbox closed a $100 million Series D funding round this week. With this funding, the California-based company is now a freshly-minted unicorn with a valuation of...
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5 Chapters in the Life of Facebook’s Cryptocurrency
It’s hard to read about David Marcus’ departure from Meta’s cryptocurrency project Diem (formerly Libra) and digital wallet Novi, and not wonder what’s next for the stablecoin. Marcus announced over...
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Signals in Small Business Lending: An Interview with ForwardAI CEO Nick Chandi
Last year, while the pandemic was heating up, banks’ attitudes toward small business lending turned cold. With lockdown measures in place, underwriting became difficult and risk increased across...
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Square Gains More Depth in Rebranding to Block
Merchant services aggregator and mobile payment company Square is rebranding to Block on December 10 and can be found at block.xyz. The new name will refer to the company as a corporate entity, which...
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Facebook Messenger Tests Bill Split Features
Facebook Messenger unveiled today that it will pilot a feature that will allow users to split payments in the Messenger app. Facebook will begin testing the “free and fast way to share the cost of...
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Chime Allows Users to Make Cash Deposits at Walgreens for Free
Walgreens is in the fintech headlines again. Today, the drugstore chain and challenger bank Chime have partnered to allow Chime customers to deposit cash at Walgreens’ brick-and-mortar locations....
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The Battle Among Banks, Fintechs, and Super Apps
As the name implies, super apps are super in nature. They differentiate themselves from traditional apps by offering a much wider variety of services than fintechs typically offer, acting as platforms...
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Klarna Taps GoCardless to Offer Bank Debit Payments
Consumer payment services company Klarna has selected account-to-account (A2A) payments company GoCardless to offer debit bank payments to its U.S. clients. Specifically, Klarna will use GoCardless’...
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