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Online Lending Monthly News. Here are some of the top stories and trends of July 2020 for online lending investors and industry watchers.
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Industry News
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]7/2/2020 Banks’ $370 Billion Small Business Opportunity (Forbes)
7/6/2020 Crypto Valley Association Issues Guidelines to Protect Digital Assets (Crowdfund Insider)
7/6/2020 The biggest fintech funding rounds in Europe of 2020 so far (Crowdfund Insider)
7/7/2020 How did Community Banks and Credit Unions go above and beyond to support local communities during the COVID-19 crisis? (MonJa blog)
7/7/2020 Starling launches US Dollar account and takes Banking Toolkit out of beta (AltFiNews)
7/8/2020 Square Continues to Rise During Pandemic (WSJ)
7/13/2020 Global Payments Fintech Paysend Tops 2 Million Customers (Crowdfund Insider)
7/14/2020 OCC Introduces Project to Help Underserved US Businesses and Individuals (Crowdfund Insider)
7/14/2020 FinTechs Unite With Common Goal Of Banking-as-a-Service (Pymnts)
7/15/2020 Peer-to-peer lending at an inflection point, says Zopa CEO (AltFi News)
7/15/2020 Point to launch new challenger bank with rewards on debit card purchases (TechCrunch)
7/16/2020 PayPal looks to boost credit business by offering buy now, pay later option (BusinessInsider)
7/20/2020 Starling Bank adds Penfold to marketplace as it bolsters SME offering (AltFi News)
7/21/2020 Goldman Sachs is building an AI-powered digital assistant and checking account for Marcus consumer bank (Business Insider)
7/22/2020 FDIC proposes certification program for fintechs to work with banks (American Banker)
7/23/2020 Mastercard Accelerates Crypto Card Partner Program (TheFintechTimes)
7/23/2020 Is Self-Driving Money Coming To Consumer Fintech? (Forbes)
7/24/2020 OCC allows banks to hold cryptocurrency assets for safekeeping (American Banker)
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Platform News
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]7/1/2020 Lemonade Increases Target Price of IPO (Crowdfund Insider)
7/2/2020 Prosper shares performance update for May 2020 (ProsperLoans)
7/9/2020 Monzo tests open banking payment function (AltFiNews)
7/9/2020 Online SME Lender Funding Circle Posts Update on UK COVID-19 Support Schemes, US PPP Loans (Crowdfund Insider)
7/10/2020 SoFi Applies for a National Bank Charter (Lend Academy)
7/10/2020 Laplanche Plans Upgrade Banking (Crowdfund Insider)
7/13/2020 ThinCats opens up CBILS lending to new customers (AltFi News)
7/16/2020 Revolut teams up with Paxos to launch crypto service in the US (theblock)
7/17/2020 Monzo relaunches its Plus premium offering with Open Banking integrations (AltFi News)
7/27/2020 Revolut confirms $80m top-up of its pre-Covid Series D (AltFi News)
7/28/2020 Curve Appoints Former PayPal Executive Scott Weller As First CFO (Crowdfund Insider)
7/28/2020 Revolut launches price comparison service as it expands product offering even further (AltFi News)
7/29/2020 OnDeck to be acquired by Enova (AltFi News) [/vc_column_text][/vc_column][/vc_row]