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Goldman Sachs Provides $100M Loan To Konfio

PYMNTS

In addition, its interest rates are half those charged by traditional banks, said Arana. Konfio’s technology is also able to keep non-performing loans under control, with the company’s delinquency rate at 4.8 percent for the banking industry. “I It also has access to credit from Bank of Nova Scotia.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. The last one, published in Jan 2014, featured 50 innovations (see below).

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Wealth Tech: A Fintech Buzzword Overview

Fintech Labs Insights

While there have been multiple analyses on robo advisors, little has been published regarding the broader wealth tech industry. That means that while robo advisors are a large (and quite popular) piece of the wealth tech puzzle, there are other pieces, as well. While the term robo advisor is commonly used (a Google search produces 2.2

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Personal Capital’s Growth Leads to Additional $25 Million in Funding

Fintech Labs Insights

Above: Personal Capital’s Bill Harris (CEO) and Jim Del Favero (Chief Product Officer) demo at FinovateSpring 2014. That’s double what the company’s valuation was after its Series D funding round closed in 2014 and $200 million shy of competitors’ valuations. Personal Capital has added $1.5

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Finovate Debuts: Finanteq Helps Innovative Banks Succeed in Mobile with SuperWallet

Fintech Labs Insights

Can you imagine spending as much time with your banking app as you do with Facebook or Twitter? Not only can FINANTEQ imagine it, but with its new banking app, SuperWallet , the Polish spin-off from eLeader is doing everything it can to make it happen across Europe and, soon, the U.S. Headquartered in Lublin, Poland.

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LendingClub Settles With SEC, DOJ

PYMNTS

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The SEC Finding. The Rundown on the Run-up to the Decisions.

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.