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News (805)

S. Korean 'Sandbox' Gives New Companies 4-year Trial

The South Korean Financial Services Commission recently authorized nine fintechs to operate in the country's “regulatory sandbox.” So reports Cointelegraph.

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XRP Index Headed to NASDAQ, Spikes Price

After the NASDAQ exchange announced it will add Brave New Coin’s XRP Liquid Index, the value of XRP jumped 4% within the hour. So reports CCN.

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SoFi Looks to Qatar Investment Authority with Hopes of Raising $500M

Lending startup SoFi is in negotiations with the Qatar Investment Authority to raise $500 million. So reports Cruchbase News.

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Rakuten Could Get Amazon Thinking Hard About Crypto: EWN

Japan-based Rakuten has been looking to capitalize on the growth of cryptocurrency for years, and it may provide the impetus for online retail giant Amazon to jump in the pool. So reports Ethereum World News.

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Brex and Barclays Partner in $100M Deal

Brex, a fintech offering credit cards to startups, will take in $100 million of debt capital, according to an announcement from the company and the Barclays Investment Bank. So reports PYMNTS.

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BoA ‘Doubling Down’ on Digital, Users Up Year-Over-Year

Bank of America is making a heavy push into digital, hoping momentum there can help offset lower interest income. So reports Forbes.

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Education Sector Plays Support Role As Fintech Grows Across the Globe

Financial Technology, as a rapidly expanding sector of the global economy, has demanded other segments of society and discourse to catch up with its evolution and, ultimately, help sustain it.

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Vullo to Join Fintech Innovation Lab as 'Regulator-in-Residence'

Maria Vullo, former Superintendent of New York’s Department of Financial Services, has been named the Fintech Innovation Lab’s “Regulator-in-Residence.” So reports City & State.

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Lemonade Pulls in $300M in Latest Funding Round Led by Softbank

Homeowners and renters’ insurance company Lemonade pulled in $300 million after striking a deal with Softbank Group and other investors. So reports Forbes.

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BankMobile and Firm Co-founder Recognized at Lendit Awards Dinner

BankMobile, a subsidiary of Customers Bank, was given the title Most Innovative Bank of the Year at the Lendit Fintech 2019 awards dinner. So reports Reading Eagle.

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