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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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Lending Club Raises Average Rate to 0.25% for New Loans

Fintech Labs Insights

At BAI’s Global Banking Innovation Awards, the company won accolades for Most Innovative Non-Bank Financial Services Organization. . The company went public in December 2014. The market cap is at $4.32 Lending Club debuted at the first Finovate in 2007.

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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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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. get the REPORT on next generation investors.

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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.