LendingClub Founding CEO and Current Upgrade CEO Renaud Laplanche Comments on 10 Year Anniversary of Iconic Fintech IPO

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LendingClub (NYSE:LC) became a public firm in an IPO held on December 11, 2014 – ten years ago today. At that time, the transition of the high-profile Fintech from a private firm to a publicly traded company was heralded as a coming-of-age moment for the… Read More

 

 




Socure’s First-Party Fraud Consortium Achieves Scale, Uniting Industry Participants to Combat $100B Problem

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention announced milestone achievements for its First-Party Fraud Consortium. The consortium seeks to unify firms in order to tackle the multi-industry issue of First-Party Fraud by “pooling data and insights which… Read More

Nigerian Scam Pilfers $2.9 Million from Investors, SEC and DOJ Charge Three for Operating Bogus Websites

The Securities and Exchange Commission (SEC) has filed charges against three Nigerian nationals for scamming investors out of $2.9 million. According to the SEC, the trio impersonated legitimate investment advisors and conning around 28 investors. At the same time, the United States Attorneyā€™s Office for… Read More

Cambridge Centre for Alternative Finance Publishes Report on Wholesale Central Bank Digital Currencies (CBDCs)

The Cambridge Centre for Alternative Finance (CCAF) has published a report onĀ central bank digital currencies (CBDCs), more specifically, wholesale central bank Digital Currencies (wCBDCs), which may limit these digital assets to institutional use. While CBDCs continue to be debated and some jurisdictions are actively experimenting… Read More

Payments: Blink Targets Late Payments for Contractors

Blink Payment says it is targeting late payments for construction contractors by partnering with Business Pilot. The company points to data that indicates that 74% of construction contractors are affected by late payments. The Fintech said it is integrating with the fitting industry enterprise resource… Read More

Financial Technology Association Publishes Fintech Roadmap for Incoming Adminstration

Expectations are high that the Trump Administration will support financial innovation and entrepreneurship. Many Fintechs are elated with his election, as it contrasts to the difficult environment during the Biden Administration. The Financial Technology Association (FTA) has published a “Fintech Policy Roadmap” that the administration… Read More

US Consumers Expected to Spend Nearly $1T This Holiday Season, Assisted by Flexible Payments – Affirm Research

Wayne Pommen, Affirmā€™s (NASDAQ: AFRM) Chief Revenue Officer, noted that the holiday shopping season is here and for retailers, itā€™s “make-or-break time.” Pommen also mentioned in a blog post by Affirm that despite recent inflation and economic uncertainty, retail spending is expected to “stay strong.”… Read More

ECB’s Digital Euro Strategy Panned by SPACE ID

A representative from digital identity platform SPACE ID believes the ECBā€™s [European Central Bank] work on the digital euro leaves plenty to be desired, especially regarding privacy. Alice Shikova made the comments following the release of the ECBā€™s second progress report. ā€œThe ECBā€™s second progress… Read More

Digital Assets: Utila and Twinstake to Enable Institutions with TON Staking Solutions

Utila, the crypto operations platform and enterprise-grade MPC wallet provider, announced a partnership with Twinstake, an “institutional-grade,” non-custodial staking provider to offer TON staking solutions for institutions. This collab empowers institutional investors to participate in TON staking and generate yields on their digital assets. The… Read More

Hacked Hackers Headline Experian’s 2025 Predictions

Hackers targeting hackers, vulnerable data centers, and AI-supported employee theft are among Experianā€™s predictions for the trends that will shape 2025. They are included in Experianā€™s twelfth annualĀ Data Breach Industry Forecast. Today, cyber hacking and its results are not confined to grown-ups. According to the… Read More

Nordic Challenger Bank Lunar Launches Standalone Enterprise Payments Division

Lunar, the Nordic challenger bank, is taking a step to redefine payments for enterprises by over time transitioning its Banking Services division into a new standalone entity within Lunar Group: Moonrise. This move underscores Lunarā€™s commitment to scaling its operations and unlocking the immense potential… Read More




Crypto.com Announces Acquisition of Orion Principals Limited to Support Financial Product Expansion

Crypto.com has announced a further acceleration of its plan to offer traditional financial services products with the acquisition of Orion Principals Limited, which is reportedly regulated by the Abu Dhabi Global Market (ADGM). Orion is an Abu Dhabi-based brokerage firm and is reportedly licensed by… Read More

Cross River Bank CEO Says David Sacksā€™ Nomination as ā€˜AI & Crypto Czarā€™ Could Be Key to Enabling Innovation

Cross River CEO Gilles Gade has applauded David Sacksā€™ nomination, calling it a win for Fintech, crypto, and AI regulation. Gilles Gade, Founder and CEO at Cross River Bank, noted that David Sacksā€™ nomination as ā€˜AI & Crypto Czarā€™ could be a pivotal moment for… Read More

Over 4% of US Attempted E-Commerce Transactions Between Thanksgiving and Cyber Monday Suspected to be Fraudulent – Report

As consumers took advantage of Black Friday and Cyber Monday deals, analysis from TransUnion (NYSE: TRU) found that 4.6% of attempted ecommerce transactions globally were suspected to be Digital Fraud from this Thanksgiving to Cyber Monday. Based on insights from TransUnionā€™s intelligence network, TransUnion found… Read More

Alternative Investments Increasingly Being Adopted By Financial Advisors – Research Study

Five in 10 advisors surveyed now reportedly allocate more than 10% of client portfolios to alternative investments, with nine in 10 or 90% planning to boost allocations over next two years, according to an update shared by CAIS. Nine in 10 financial advisors surveyed (92%)… Read More

Apollo Teams Up with Santander on $370M Infrastructure Portfolio Financing

Apollo (NYSE: APO) and Santander announced that Apollo-managed funds and affiliates have agreed to invest in an approximately $370 million portfolio of infrastructure credit. The transaction was led by Apterra, an affiliate of Apollo founded in 2023 that specializes in “financing solutions for infrastructure projects.”… Read More

Payments Canada Reveals its Public Consultation Supports Proposed Improvements to Bill Payment Framework

Earlier this year, Payments Canada reportedly conducted a public consultation on proposed changes to Rule H6, which provides the framework for processing bill payment remittances via the Automated Clearing Settlement System (ACSS). The proposed changes aim to improve operational efficiency, the ability to embrace technological… Read More

CIMB Cancels Digital Banking Pursuit in the Philippines

CIMB Bank Philippines will not seek a digital banking license from the Bangko Sentral ng Pilipinas (BSP), opting instead to enhance its digital banking capabilities using its existing commercial banking license. The bank believes this approach provides sufficient flexibility to introduce a broader range of… Read More

Commissioners Comment on Enabling Smaller Investor Access to Alternative Assets

The SEC Investor Advisory Committee met today, and one of the topics reviewed was access to alternative assets. More specifically, the fast-growing private securities markets. Private securities in both debt and equity markets have boomed in recent years. Meanwhile, public securities have diminished due to… Read More

Australian Fintech Ecosystem Sees Decline in Independent Active Fintechs Based in the Country – Report

For the second year in a row, the Australian fintech landscape has seen a decline in the number of independent active fintech firms headquartered in Australia, with “a 7% fall between the 2023 and 2024” according to the KPMG Fintech Landscape. As foreshadowed in KPOM’s… Read More

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