Fintech

SoFi to buy payments firm Galileo for $1.2 billion

04/07/20

The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.

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Fintech launches portal to let consumers negotiate debt issues with banks

04/07/20

TrueAccord has expanded a platform, originally designed for banks, to assist borrowers hurt by the coronavirus pandemic.

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Challenger bank Revolut hires Silicon Valley bankers to run U.S. unit

04/02/20

The U.K. company has recruited Bruce Wallace, formerly of Silicon Valley Bank, and Ronald Oliveira, who was with AvidBank, to lead its expansion here.

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How the coronavirus response could transform SBA

04/01/20

The pandemic may force the Small Business Administration to rely more on fintechs and digital channels to hasten loan approvals, a shift that could stick.

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Microsoft will launch personal finance app with assist from Plaid

04/01/20

The app, set to roll out this month, will be offered to the 38 million Office 365 users and can connect via the data aggregator Plaid to all bank and card accounts.

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How fintech can save small businesses on the brink

04/01/20

Lenders and government guarantors can use loan technology to bring immediate relief to business owners, former OCC official Jo Ann Barefoot says.

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Why Moven, one of the first challenger banks, is calling it quits

03/27/20

Founder Brett King will now focus on the enterprise software side of the business, which provides mobile banking software to traditional banks.

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Let fintechs make SBA loans

03/27/20

Online lenders can help the agency distribute loans faster as it gets set to deploy emergency funding to small businesses.

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Emergency program gives fintechs a shot at SBA lending

03/26/20

No online lenders are approved for the agency's traditional programs, but they could make loans under the coronavirus stimulus package if they get special approval.

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Fed’s new TALF has a major gap

03/26/20

Many borrowers will suffer unless the program, the central bank's latest response to the coronavirus pandemic, includes consumer loans issued by fintechs.

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