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12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018.

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Spa Gone. Now Workers Too. LendingClub Joins Bay Area Exodus

Bank Innovation

s downtown San Francisco headquarters once featured many of the lavish perks booming tech companies use to attract workers and keep them happy once they’re hired: kitchens stocked with snacks, mini-golf, a Foosball table, an in-house spa. Now the online-lending pioneer is cutting back on the amenities, and the workforce too.

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Wells Fargo Discloses It Will Add ‘Open Fintech’ Features to Home Loan Platform

Bank Innovation

will add additional enterprise-level digital capabilities, APIs, and SDKs to its Home Lending platform. The San Francisco-based bank disclosed the plan in a job posting today. Wells Fargo & Co. The additional APIs and SDKs should allow more integrations with other technology services and applications.

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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

Monzo , an online bank out of London, has added loans to its menu of services, the Financial Times reported on Thursday (Aug. can apply for loans as the online bank advances its efforts toward profitability. . He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”.

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LendingClub Shares Fall as it Misses Estimates, Grows Loss

Bank Innovation

EXCLUSIVE— Shares of San Francisco-based online lender, LendingClub, fell as much as 11% yesterday after the company missed profit estimates and more than doubled its losses in its fourth quarter. The lender also grew its originations from last year, though its growth in that area remained flat from 3Q17.

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SME Banking App Seed Readies to Launch iPhone X Compatible Tool

Bank Innovation

This makes sense, since the San Francisco-based digital bank’s mobile app is currently only available on iOS. EXCLUSIVE- SME banking app, Seed, is gearing up to roll out a tool that supports Apple iPhone X’s new Face ID feature, Bank Innovation learned.