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Online Lending Monthly News. Here are some of the top stories and trends of August 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]08/04/2020 The Importance Of Humans In Fintech (Forbes)
08/07/2020 FDIC hatches plan to help fintechs, community banks partner (bankingdive)
08/07/2020 LendingPoint Inks a Deal With eBay to Provide Small Business Loans (Lend Academy)
08/10/2020 What’s next for fintech? Klarna reveals how it has seen changes in consumer behavior under lockdown. (AltFi News)
08/11/2020 Goldman Sachs Takes Another Look at Crypto (Crowdfund Inside)
08/12/2020 Google checking accounts: Why banks want in. (American Banker)
08/13/2020 How did Community Banks and Credit Unions go above and beyond to support local communities during the COVID-19 crisis? (MonJa)
08/14/2020 5 trends shaping the future of fintech (CNBC)
08/14/2020 GM’s Chief Financial Officer Resigns to Join Fintech Startup Stripe (technology)
08/17/2020 How a global lockdown has been somewhat positive for fundraising fintechs (AltFi News)
08/17/2020 BitGo Prime Partners With Clear Hedge Capital For Integrated Solution With Lending, Trading, & Custody of Digital Assets (Crowdfund Inside)
08/19/2020 Curve and Samsung launch collaborative Samsung Pay Card (AltFi News)
08/20/2020 TransferWise and Mastercard deepen partnership (AltFi News)
08/20/2020 Fintech Behalf Selects Former Kabbage Executive as New CEO (Crowdfund Inside)
08/21/2020 Crowdcube launches secondary market for later-stage businesses (p2pfinancenews)
08/24/2020 Sweden-Based Fintech Open Payments Secures €3 Million Through Seed Funding Round Led By Industrifonden (Crowdfund Inside)
08/25/2020 Under lockdown open banking payments surged 800% (AltFi News)
08/26/2020 Is cryptocurrency gaining momentum in the P2P space? (p2pfinancenews)
08/26/2020 How is Covid-19 accelerating the pace of change in finance? (AltFi News)
08/27/2020 States entice fintechs by giving them freedom to experiment. (American Banker)
08/28/2020 Spanish Retail Bank CaixaBank Reveals More Than Two Million Customers Use Smartphones to Sign Online Transactions (Crowdfund Inside)
08/31/2020 PayPal Launches Interest-Free Buy Now Pay Later Installment Solution (Crowdfund Inside)
08/31/2020 PayPal Enters Installment Loan Business Targeting Fintechs Affirm And Afterpay (Forbes)
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Platform News
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]08/04/2020 Revolut launches Open Banking in Italy (AltFi News)
08/06/2020 Lending Club: Loan originations drop 90% during COVID-19 and says “decline is in line with expectations”. (AltFi News)
08/10/2020 SoFi Launches Program to Offer $200 Towards Emergency Savings To Those Who Open An Account With SoFi Money (Crowdfund Inside)
08/11/2020 LendingClub Releases Q2 2020 Earnings (Lend Academy)
08/12/2020 P2P Lender Assetz Capital Unveils Access Account Marketplace (Crowdfund Insider)
08/18/2020 Monzo Plus garners 50,000 users one month after launch (AltFi News)
08/18/2020 American Express is Acquiring Kabbage (Lend Academy)
08/24/2020 Zopa takes first steps in digital banking future with fixed term savings accounts launch (AltFi News)
08/25/2020 OnDeck Subsidiary ODX Offers New Digital Account Services for Online Banking (Crowdfund Inside) [/vc_column_text][/vc_column][/vc_row]