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Online Lending Monthly News. Here are some of the top stories and trends of May 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]5/1/2020 Twelve days after round one of the PPP loan program ended round two opens to massive pent up demand. (Lend Academy)
5/5/2020 The Do’s and Don’ts of Banking in the Times of Coronavirus. (MonJa blog)
5/7/2020 Facebook’s cryptocurrency Libra Association appoints HSBC’s chief legal officer as first CEO. (AltFi News)
5/8/2020 Fintech Revenues Projected to Increase from $150 Billion in 2018 to $500 Billion in 2030. (Crowdfund Inside)
5/8/2020 PayPal Reports COVID-19 Driven Growth. (Crowdfund Inside)
5/11/2020 Google: The Next Big Fintech Vendor (Forbes)
5/11/2020 Samsung is following Apple and Google into consumer banking. (American Banker)
5/13/2020 Pandemic inspires P2P innovations. (p2p Finance News)
5/13/2020 The World’s Largest Technology Companies in 2020. (Forbes)
5/14/2020 8 Low-Risk Loan Portfolio Strategies For Banks In The Coronavirus Environment. (MonJa)
5/15/2020 How Fintechs are Helping Businesses in Latin America Deal with COVID-19. (Crowdfund Inside)
5/18/2020 It’s “Absolutely Essential” for Smaller Lenders to Work with Fintech Firms, According to Community Banking Executives. (Crowdfund Inside)
5/19/2020 What We Learned from the Leaders in Fintech. (Lend Academy)
5/20/2020 Upstart Making it Easier for Banks to Use AI Underwriting, Comments on COVID-19. (Lend Academy)
5/20/2020 Visa’s digital dollar concept opens a door to central bank currencies. (American Banker)
5/21/2020 GoHenry has introduced the easily degradable card after seeing an increase in demand from eco-conscious kids. (AltFi News)
5/22/2020 Why you should still launch a fintech during a recession. (AltFi News)
5/22/2020 Shopify Launches Debit, POS Credit Tools For Merchants. (Pymnts)
5/26/2020 Yolt expands its open banking API across Italy, France and Spain. (AltFi News)
5/26/2020 Dow Surges 600 Points As Investors Bet On A Coronavirus Vaccine Breakthrough. (Forbes)
5/27/2020 The Future of Fintech In A Coronavirus World. (Lend Academy)
5/27/2020 7 Benefits of Digitalization to a Bank’s Existing Client Base. (MonJa blog)
5/28/2020 Samsung and SoFi outline plan for their own Mastercard. (AltFi News)
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Platform News
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]5/4/2020 Revolut & Chime: Two Digital Bank Founders Talk About Building the Bank of the Future. (Crowdfund Inside)
5/5/2020 RateSetter halves interest rates for the rest of 2020. (AltFi News)
5/14/2020 Starling Bank provides £300m CBILS lending pot to Funding Circle. (AltFi News)
5/28/2020 OnDeck Shares Early Progress in Borrower Behavior. (Lend Academy) [/vc_column_text][/vc_column][/vc_row]