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News (805)

London Tops NYC in Fintech Investment

London has topped New York with respect to this year's largest fintech fundraising deals. So reports CNBC.

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JPMorgan Invests in Fintechs Aimed at Low-income Americans

JPMorgan Chase & Co is planning to invest $25 million in fintechs geared toward servicing low-income individuals. So reports Reuters.

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Fintech Lending Cuts Deep into Traditional Bank Shares: Report

Competition in the personal lending space is heating up between traditional institutions and fintechs, according to a recently released report from credit reporting agency Experian.

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Pair Busted in Alleged Cryptocurrency Extortion Scheme

U.S. authorities arrested Steven Nerayoff and Michael Hlady for allegedly threatening to destroy a cryptocurrency startup company if they weren’t given millions worth of the digital money. So reports Cointelegraph.

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Female Fintech Founders Get Dedicated Studio in NYC

Early-stage fintech investment company Anthemis teamed up with Barclays, a bank and service provider, to create a Female Innovators Lab based in New York. So reports Fast Company.

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Stripe Pulls in $250M in New Funding, Valuation Hits $35B

On the backs of investments from Sequoia, Andreessen Horowitz General Catalyst and others, Stripe has hit a $35 billion valuation. That makes it one of the most valuable companies in Silicon Valley. So reports CNBC.

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Florida Makes Strong Push to Enter Fintech Sanbox Game

Florida is looking to join the select rank of states sanctioning and facilitating new fintech activity as Gov. Ron DeSantis announced a number of initiatives aimed at encouraging the sector's growth.

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Australian Committee Set to Study Fintech Competitiveness

In an effort to assess and mitigate barriers hampering the growth of its fintech industry, the Australian Senate is empaneling a committee to study the matter. So reports Finextra.

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Leverage Partnerships to Navigate Changing Landscape: Wharton Conference

Partnerships will be crucial to businesses trying to successfully navigate next-gen payment systems and banking, according to attendees at the Fearless in Fintech conference at Wharton San Francisco. So reports ABL Advisor.

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TD Bank, Hydrogen Take Home First Ever Bank + Fintech Award

TD Bank and Hydrogen have been named the first ever winner of Tearsheet’s Bank + Fintech Partnership Award. So reports Tearsheet.

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