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Finovate Global Mexico: Banorte’s Digital Bank, Amazon’s BNPL Partnership with Kueski Pay

Finovate

First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The Light Account has a monthly cap of 3,000 UDIS (investment units), which equals approximately 24,000 Mexican pesos. The new digital bank also offers financing products for bineo account holders.

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Top 7 bitcoin payment gateways for merchants

Ikajo

Statista shares that bitcoin’s market capitalization formed 53% of the total cryptocurrencies’ market cap in 2019. NOWPayments This non-custodial crypto payment gateway supports 140+ cryptocurrencies. Bitpay settles payments via FPS, SEPA, ACH, and other bank transfer types. The company has been working since 2014.

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Apple’s Long Strange Trip to A $2T Valuation

PYMNTS

And its market cap will hit $2 trillion if the stock rises about another 5 percent to $467.77 However, Deutsche Bank analyst Jeriel Ong has doubts about the sustainability of Apple’s recent meteoric rise. Apple stock is trading at about $446 as of Tuesday (Aug. 11), giving the company a roughly $1.91 government.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. said U.S. “As Attorney Alex Tse. “We The Response.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Date: April 25, 2014. Ballmer led Microsoft’s purchase of Nokia for over $7B in a deal finalized in 2014. Date: January 13, 2014. In 2014, Google sought to make an entrance into smart homes by acquiring Nest Labs, a four-year-old startup founded by two ex-Apple engineers, Tony Fadell and Matt Rogers. Price: $7.9B.

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

Companies are arranged in descending order of market cap (as of 03/16/18). . “This market cap is not justified,” he said on CNBC’s Fast Money three days after the announcement. Longfin corp. Note: Longfin Corp began trading on NASDAQ on 12/12/17. . 48-hr stock change: 1,717%. Industry: Fintech. Exchange: NASDAQ.