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Mortgage Tech 101: What It Is & Why It’s Taking Off Now

CB Insights

By the end of 2017, nearly $1.8T worth of mortgages will have been originated in the United States this year, according to government-backed mortgage lender Freddie Mac. Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years.

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Meet the 40 Fastest Growing Fintechs in Asia Pacific According to the Financial Times

Fintech News

The World Bank flagged in October 2023 that the region’s burgeoning economies would decelerate to 4.5% It offers a range of services including a white-label payment gateway for banks and institutions, and an all-inclusive payment gateway solution for merchants. #4

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US Backers Rain Money On Savvy Startups 

PYMNTS

investors are still hot to bankroll up-and-coming companies like challenger bank Chime, The Financial Times (FT) reported on Tuesday (Jan. In nine months, the valuation for Silicon Valley’s Chime grew to four times its original size, with investors offering $1.8 Despite headline-grabbing startup debacles, U.S.

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Fastest-Growing Asia Pacific Fintechs, According to the Financial Times (2025)

Fintech News

From bustling megacities to remote villages, digital finance is breaking down barriers, giving millions access to banking, credit, and investment opportunities for the first time. Using a mobility-led approach via the Svamaan App, it streamlines loan origination, management, and collections.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

But money was just the problem: due diligence oversights on Caterpillar’s part and alleged “deliberate, multi-year, coordinated accounting misconduct” at Siwei were uncovered months after the deal closed and Caterpillar took a $580M non-cash goodwill impairment write-down in 2012. Date: October 2011. HP and Autonomy.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

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Retailers Want Fed To Revisit Debit Swipe Fees

PYMNTS

The amendment was passed following lobbying by the merchants and, of course, counter lobbying by the card networks and banks. The Fed ultimately settled on a 21 cent cap plus 0.05% of the transaction for fraud recovery (up from their original proposal of 12 cents). Pre-2011, debit card interchange fees averaged in the 44 cent range.

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