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Fintech boom disrupts business


Finance is the central principle of business and the pillar on which any successful business is built. After all, the goal of capitalism is to create organizations that not only do something useful but ultimately monetize their plans and deliver shareholder value. Many economic ideas exist to help businesses start, grow, measure themselves, and manage

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JG Wentworth Acquires Fintech Lending Platform from Stilt


JG Wentworth is pleased to announce that it has acquired a digital lending platform from Stilt Inc., a personal lending and financial technology company based in San Francisco. Stilt has been backed by leading venture capital firms and has raised $322 million in debt and equity to create a strong end-to-end digital lending and services

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ALLICA BANK RAISES £100M SERIES C IN FUNDING ROUND LED BY TCV


Allica Bank, the leading fintech SME challenger bank, has announced a £100 million Series C funding round led by global growth technology investor, TCV, with participation from existing investors Warwick Capital Partners and Atalaya Capital Management. Allica now joins TCV’s strong portfolio of businesses, which also includes household names like Airbnb, Netflix, and Spotify as

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What Is Financial Inclusion and Why Do We Need It?


The future of finance could be better if it was accessible to the majority of society. Broad-based financial inclusion is the enabler of Sustainable Development Goals, and achieving that goal is of paramount importance today. Digitization spans the globe across different industries and verticals. The financial sector is no exception. We are rapidly moving towards

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KUCOIN ENGAGES MAZARS TO CONDUCT THIRD-PARTY POR VERIFICATION PROCEDURES


KuCoin, one of the largest exchanges worldwide, announced that it has engaged Mazars, a leading international audit, tax and advisory firm, to provide a third-party factual findings report. Mazars will provide greater transparency and reporting on whether their in-scope assets are collateralized to KuCoin’s current and potential consumers. It will also give specifics to demonstrate

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Why Rising US Savings Rate Isn’t Paying Off?


Positive news, yes? Actually, no. The percentage of after-tax income that consumers save personally is known as the personal savings rate. The increment’s 1% increase is an issue. Among 100 people, none spend. Because they may only purchase in certain quantities, they “save.” Their after-tax income that hasn’t been spent rises along with their income.

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OneConnect Announces ADS Ratio Change


OneConnect Financial Technology Limited, a leading provider of technology services to financial institutions in China, announced today that it will change the proportion of American Depositary Shares (“ADS”) that represent equities. ordinary shares from one ADS representing three ordinary shares to one ADS representing thirty shares of common stock. The rate change will take effect

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STRATEGIC RISK ASSOCIATES (SRA) RAISES $12M IN SERIES B FUNDING LED BY EJF CAPITAL, JAM FINTOP AND FINTOP CAPITAL


The closure of a $12 million Series B capital raising was announced today by Strategic Risk Associates (SRA), a top supplier of comprehensive risk and performance management SaaS technology (WatchtowerTM) for the financial services and insurance industries. Along with longtime SRA client, Atlantic Union Bankshares Corporation and other existing investors, this round of funding were

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HUNTINGTON NATIONAL BANK LAUNCHES INVESTCLOUD’S NEW FIND MY ADVISOR EXPERIENCE


InvestCloud, the global leader in financial digital transformation, today announced that Huntington National Bank has launched Advisor Connect, a branded digital experience based on Find My Advisor’s technology. InvestCloud. Huntington is a subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN), a $179 billion regional bank holding company headquartered in Columbus, Ohio. Retirement savings, insurance worries, and