Digital banking

Digital bank goes for $175 million, or four times revenue

03/08/17

The price Customers Bancorp is getting for its BankMobile unit would exceed the initial estimates of $100 million to $150 million.

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LendingPoint, seeking to expand nationwide, teams with Utah bank

03/07/17

The Kennesaw, Ga.-based firm, which makes online installment loans to borrowers with blemished credit records, currently operates in 14 states

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Merger combines two online lending trade groups

03/06/17

The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces.

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Separating Trump’s regulatory principles order from the sound bites

03/06/17

President Trump’s order on “core principles” for financial regulation is succinct and instructive, but interpreting it is difficult when comparing it to more informal statements from Trump and his aides.

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BBVA increases investment in U.K. digital bank Atom

03/03/17

The Spanish bank said it will continue to be Atom’s main strategic investor and keep two seats on its board.

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Upstart (that's the name) raises $32.5M, seeks to license tech to banks

03/02/17

The San Carlos, Calif., firm is following a similar blueprint as other online lenders — launching with a particular loan product, refining its algorithms, and then seeking to expand into other corners of consumer finance.

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Capital One reports 'minor impacts' from Amazon Web Service problems

03/02/17

Problems with Amazon's cloud computing services caused major disruption across the Web on Tuesday, but Capital One says it cloud strategy kept things smooth there.

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Take the Pokemon Go approach to bank sales

02/28/17

It is a fallacy that customers respond only to monetary rewards. Banks should use psychological rewards to drive digital product sales just as popular mobile apps do.

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Struggling marketplace lender announces funding deal

02/27/17

Prosper Marketplace will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company

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The role venture capitalists can play in pairing banks and fintech

02/27/17

Capital One co-founder Nigel Morris discusses how his venture capital firm, QED Investors, helps banks and fintechs better understand each other.

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