Fintech

Banks, Startups and Trolls to Duke Over Blockchain?

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Reports came out during the holiday season last year of banks quietly stocking up on blockchain patents.  Banks will compete with startups making the same moves.  They will also compete for patents with trolls who suppress innovation. The future of blockchain innovation depends on who… Read More

Credible Raises $10 Million in Series B Funding

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Credible, a multi-lender marketplace for student and personal loans, has closed on a $10 million Series B funding round.  The newest round brings total funding to $23 million to date for the young Fintech firm. The series B funding round was led by Regal Funds… Read More

Fintech Venture Capital Firm Motive Partners Launches & Invests in LMRKTS

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Motive Partners, an investment firm focused exclusively on fintech companies, has officially launched and is seeking to invest, operate and innovate across the financial technology ecosystem. The firm, which now has offices in London and New York City, stated it was launched to address the… Read More

Credit China FinTech Named a Founding Member of the Global Blockchain Business Council

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Credit China FinTech Holdings Limited, an integrated fintech service provider in China, was announced as a founding member of the newly developed organization, Global Blockchain Business Council (GBBC). Credit China FinTech is reportedly one of the 25 founding members of the GBBC and is considered the only… Read More

Onfido News: Now Offers 2 Billion Unbanked Individuals Worldwide with Machine Learning-Based Solution

onfido

Onfido, a global identity verification company, announced this week it is helping to bring financial services to the 2 billion unbanked individuals worldwide with its Machine Learning-based solution. The company stated it plans to use its proprietary technology to verify people’s identification by comparing an identity document… Read More

China: WeiyangX Fintech Review

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Ant Financial Joins UNEP Sustainable Finance Initiative Ant Financial has signed the “Declaration on Environment and Sustainable Development” and joined the United Nations Environment Programme Sustainable Finance Initiative as a full member of the organization. In fact, China Merchants Bank and Industrial and Commercial Bank… Read More

Fintech Startup Destacame Completes Seeds Funding Round: Looks to Expand Access to Credit in Latin America

jorge-camus

Chilean-based fintech startup Destacame announced the closing of its seed round of financing.The round was led by Accion Venture Lab, the seed-stage investment vehicle of Accion. Destacame describes itself as an alternative credit scoring platform that uses alternative data to assess an individual’s creditworthiness. Destacame’s proprietary… Read More

Turf War! New York State Department of Financial Services Tells OCC to Back Off Fintech Charter

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    I expect to see more of these comment letters as battle lines have clearly been drawn regarding the debate on the proposed Office of the Comptroller of the Currency (OCC) Fintech Charter. In brief, the OCC has proposed crafting a Fintech Charter for… Read More

Tradeshift & CNBC Partner For Second Annual Sanctuary at World Economic Forum Annual Meeting

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Business commerce platform Tradeshift announced on Monday it is partnering with CNBC to host the second annual leadership event, Sanctuary, during the World Economic Forum Annual Meeting in Davos. Those reportedly attending the event include leaders of Water.org, Planet, NASA, Ogin, Blockchain, General Motors, and… Read More

Software Publisher Misys Launches White Label Crowdlending Platform

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Today on the Parisian leg of a world tour called Misys Connect Forum, banking software publisher Misys announced the launch of a new addition to its offering of financial software solutions: Misys FusionBanking CrowdLending. The software-as-a-service (SAS) solution aims at enabling retail and corporate banks… Read More

Financial Innovation Now: We Support the OCC Fintech Charter

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Financial Innovation Now (FIN) has sent a letter to the Office of the Comptroller (OCC) of the Currency in support of the OCC’s initiative to support Fintech innovation. FIN is an alliance of big tech including; Apple, Amazon, PayPal, Intuit and Google (Alphabet). As big… Read More

Starburst Labs Secures $6.25 Million During Series A Round; Devotes Funds to Fintech Apps & Growth

Money

Starburst Labs, a maker of web-and-mobile apps for an ecosystem of individual investors, financial advisors, broker-dealers, and financial media brands, has announced it has closed a Series A round of funding totaling $6.25 million.  The company stated it creates, designs, develops, and operates a vertically… Read More

Brief: AutoGravity Inks Partnership with First Investors Financial Services Group

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First Investors Financial Services Group has inked a partnership with digital car financing platform AutoGravity, which will bring the financial institution’s 4,000 dealer partners into AutoGravity’s ecosystem announced the platform. “The world is changing; there is a whole population that really doesn’t do anything unless… Read More

Stable Growth, Multiple Awards: China Rapid Finance Named to Hurun Report

Zane Wang

China Rapid Finance Limited, a large Chinese consumer lending marketplace launched in 2001, added to its recent haul of awards and recognitions by being named to Hurun Report’s “2017 China New Finance Top 50.” CRF’s inclusion on the list reflects the company’s stable growth in consumer… Read More

UK Fintecher Platform Black Rebrands as Sancus Finance Limited

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UK-headquartered Platform Black Limited announced that it has rebranded as Sancus Finance Limited with immediate effect. The move comes as part of a strategic review of operations by Platform Black’s owners, GLI Finance Limited. The strategic review, designed to simplify GLI’s structure, included a transfer of its holdings… Read More

SuperCharger Fintech Accelerator Launches 2.0 Program At Cyberport Fintech Smart Space

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SuperCharger Fintech Accelerator announced the launch of its 2.0 program on January 9th in the newly opened Cyberport FinTech Smart Space. The accelerator welcomed the program’s eight fintech start-ups and scale-up participants, which are Bambu, Clare.ai, Entersoft, FinChat, Foris, KYC Chain, Squirro, and Xnotes Alliance. The companies… Read More

H2 Ventures Receives $2 Million Loan Guarantee From Jobs For NSW to Create 400 New Jobs for 40 Fintech Startups

ben heap

Australia’s startup accelerator H2 Ventures is set to receive a $2 million loan from Jobs for NSW. The funds will reportedly give H2 Ventures access to a $4 million loan from Investec Australia, along with helping the accelerator create 400 jobs for 40 fintech startups in… Read More