Remove 2009 Remove Capital Remove Financial Technology
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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. “We million Series C round in April of 2010.

Lending 135
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What Customer Intimacy Has To Do With Payments

PYMNTS

Back in 2009, the Apple iStore and Facebook Connect had just come out, and a group of friends and I saw these disruptive forces and thought that we could harness them and build a social payments app. BC: As an investment banker, I didn’t find meaning in advising in transactions. Previously, he worked for the U.S.

Payments 100
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3 Strategies Goldman Sachs can use to build a Fintech powerhouse

Lex Sokolin

There are, all of a sudden, a lot of deals being done across financial technology. We have the world’s best investment bank and institutional capital markets business, but something doesn’t feel right. Capital markets and private wealth bets come naturally to the company. Wealthtech is one fire, they say now.

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Fenergo Brings its Client Lifecycle Management Innovations to ABN AMRO

Fintech Labs Insights

Earlier this month Fenergo announced a deal to deploy its Client Lifecycle Management technology with HSBC Group. And in March, the company partnered with BBVA, Spain’s second largest bank and a widely-known, eager adopter of innovative financial technologies.

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WealthForge To Raise $2.5 Million in New Convertible Note Offering

Fintech Labs Insights

million in new capital using the same convertible note strategy the company used last year to raise $2.2 Founded in 2009 and headquartered in Richmond, Virginia, WealthForge demonstrated the WealthForge Network at FinovateSpring 2016. WealthForge will raise $2.5

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

Stated investment focus: Enterprise software, financial technology, insurance technology, innovations in travel, health, and auto verticals. USAA began formally investing in tech startups earlier than a lot of other P&C insurers, having first invested in now-public automotive pricing company TrueCar in 2009.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

USAA began formally investing in tech startups earlier than a lot of other P&C insurers, having first invested in now-public automotive pricing company TrueCar in 2009. USAA does not have a stated investment focus but has thematically focused on AI, financial technology, auto tech and IoT to date, based on a CB Insights analysis.