JPMorgan Chase is reportedly in discussions with Lyft about being the lead banker on its pending initial public offering (IPO). CNBC, citing people familiar with the matter, reported that JPMorgan is seen as in the lead to be the underwriter after Goldman Sachs and Morgan Stanley opted not to go after the Lyft IPO, as […]
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For Google, a bit of backtracking. In the wake of controversy over its Chrome browser that dominated headlines this week, the search giant has said it will change some of the ways the web browser operates. Concerns had been raised this week over how the company tracks users via Chrome. As had been reported via The […]
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The year 2018 has been a been a big year for FinTechs, as investor interest has been strong, and consumers have apparently been interested in upgrading their tools and services. Digital commerce continues to grow, with subscription services showing particular strength – and digital payments continue to go contactless, though perhaps not in the ways initially expected. And though the challenges remain […]
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U.S. Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. 25). Following in the path of alternative and marketplace lenders, traditional banks are increasingly digitizing their financing offerings for small firms. The latest to do so is U.S. Bank, which revealed its online lending platform for […]
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Good news for traders across the world; global banks, along with international trading companies, have recently announced the first blockchain-based platform, called Komgo, that will allow financing for trading of commodities ranging from oil to wheat. The platform, which will be developed in partnership with blockchain technology company ConsenSys, will go live later in 2018, […]
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These days, it is fair to say that data makes the world go ’round. Every day, 2.5 quintillion bytes of raw data are produced worldwide, and harnessing the power of that data has built better transportation systems, real estate markets, retail experiences, payment options, banking interactions and security systems, just to name a few. When venture […]
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One card to rule them all: the mantra rings throughout the payments realm, and smacks of some sorcery and swashbuckling movies one may remember. Like a scene out of a Tolkien movie, though, the lure of that mantra has left a lot of bodies in its wake, where peril outweighed promise, where startups burned through cash. […]
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Monero devs have created a patch for a bug that could allow an attacker to burn consumers’ funds and trigger significant damage. The developers of open-source cryptocurrency Monero (XMR) have patched a bug that could allow an attacker to “burn” the funds of an organization’s wallet while only losing network transaction fees, according to an […]
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New data shows that as U.S. credit scores hit their highest point since the Great Recession, Americans are also borrowing more than ever. According to Bloomberg, the average FICO score is now at 704, a new record that marks an eight-year streak of increases. The data shows that part of the boost comes from the […]
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With Salt Lending, you leverage your blockchain assets to secure cash loans, and the application requires no credit check, making it appealing to people who are either limited in funds and credit history, or who may be unbanked. The company has announced a “200% increase in lendable areas.” In the US, they will provide blockchain-backed loans […]
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