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According to Bloomberg, the prevailing vibe at the Paris fintech summit was that there’s plenty of action in banking, lending and payments without messing around with crypto.
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As investors scrutinize the stress to the British economy, Rishi Khosla, the CEO of an online lender called OakNorth, drew guffaws of disbelief when he said his firm had never recorded a default or late payment, thanks to its machine learning capabilities. He might be “not lending enough,” said Olivier Goy, the CEO of October, which originates loans for small businesses, said on a panel the next day.
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