General News

Silicon Valley Clueless? Orchard Says Contrary to Popular Belief ABS Industry Positive Towards Online Lending

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Orchard platform in their weekly report addressed the most recent ABS East conference – a hot Wall Street gathering on all things securitization. This year opening remarks were delivered by Steve Eisman who was made famous by his depiction in the Hollywood film the Big… Read More

Bondora Launches Refer-A-Friend Offer: Investors Can Earn 5% From the Amount Referrals Lend in First 30 Days of Signing Up

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Bondora, a European peer to peer lender based in Estonia, announced last week the launch of its own refer-a-friend offer. The company stated users may now earn an extra income by introducing their friends to its website. The Bondora team stated anyone who joins with a… Read More

TCS Named Number One on the 2016 IDC Financial Insights FinTech Rankings Top 100

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Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a global IT services, consulting and business solutions organization, announced on Monday it has been named number one of the 2016 IDC Financial Insights FinTech Rankings Top 100. The company stated it earned the top position for… Read More

Kickstarter’s Yancey Strickler Announces The Creative Independent’s Launch

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On Monday, co-founder and CEO of Kickstarter, Yancey Strickler, announced the official launch of the funding portal’s new project, The Creative Independent.  As previously reported, The Creative Independent is described as a “growing” archive of the creative processes and is on a mission to help… Read More

Zoopla Launches “Invest” Channel: Offers Consumers & Would-Be Property Investors the Opportunity to Gain UK Property Market Exposure

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On Monday, Zoopla (LSE:ZPLA) announced the launch of its new  “invest” channel, which reportedly offers consumers and would-be property investors the opportunity to gain exposure to the UK property market. According to the property website, the new channel includes a peer-to-peer lending solution, in partnership with Landbay. It also… Read More

Brief: Crowdfunding Platform Tilt Launches New Hosting Event Feature

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Last week, crowdfunding platform Tilt announced the launch of its new event hosting feature, Ticketing With Tilt. Co-founder and CEO of Tilt, James Beshara, stated Ticketing With Tilt gives users the ability to automatically issue tickets with a QR code, which will quickly check in… Read More

Ripple Announces: Major Banks Team Up to Launch Blockchain Payments Network

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San Francisco fintech company, Ripple, announced on Friday that six major have teamed up to launch a new blockchain network on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada have teamed up to… Read More

Brief: Crowdcube #FundedClub Member Hybrid Air Vehicles Named Nominee of the 2016 Wired Audi Innovation Awards

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  On Friday, Crowdcube alum Hybrid Air Vehicles announced it was nominated for the 2016  Wired Audi Innovation Awards. This award show is designed to highlight and celebrate people (or businesses) achieving extraordinary things. Hybrid Air Vehicles shared the exciting news on Twitter: We’ve been nominated for the #wiredaudiawards… Read More

Here is the Fed Report on Online Lending for Small Businesses; “Through the Eyes of Mom & Pop’s”

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Every now and then the Federal Reserve kicks out some interesting research regarding Fintech and alternative finance. During the waning days of summer of 2015, the Federal Reserve of Cleveland published a report on online lending entitled; “Alternative Lending Through the Eyes of Mom &… Read More

RateSetter Reports: Investors Have Now Pocketed £50M in Interest

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RateSetter, one of the UK’s largest marketplace lenders, reported on Thursday that since its launch in 2010 investors have pocketed more than £50 million in interest, earning an average rate of 4.7%.  According to the lender, investors use its website to lend money to individuals,… Read More

GoFundMe Announces College Scholarship: Seeks to Give 10 College or Post-Graduate Students With $10,000 For Tuition

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On Wednesday, crowdfunding platform GoFundMe announced the launch of its new college scholarship. The new scholarship will present 10 college or post-graduate students with $10,000 that will go towards tuition costs. The funding portal revealed over few years students, teachers and parents have turned to its… Read More

Brief: Experian Forms Partnership With Nav to Provide Transparency & Financial Access to Small Businesses

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This week, Experian and Nav announced they have formed a strategic partnership to provide transparency and financial access to millions of small businesses. The companies will offer businesses owners with the personal and business credit data that lenders use to evaluate them, tools to help improve… Read More

Report: Fintech Collaboration is Key for Investment Banks

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EY, in collaboration with Innovate Finance, has published a report on the need for investment banks to collaborate with Fintech firms and embrace innovation.  Entitled Capital Markets: Innovation and the Fintech Landscape, the authors state that while Fintech may have started with P2P lending, equity… Read More

Brief: Kenya Fintechers Equity Bank & Safaricom Align with PayPal

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Equity Bank and Safaricom, a Kenyan lending platform and a telecom platform, are courting PayPal customers seeking to make transfer account funds more quickly and easily, according to Business Daily Africa.  The agreement signed by Equity Bank means customers can now cash their PayPal accounts in three days instead of the earlier… Read More

Getting a Leg Up: P2P Global Investments & Zopa Work on Europe’s First Securitization of Unsecured Consumer Loans Originated Online

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P2P Global Investments and Zopa have teamed up to work on Europe’s first securitization of unsecured consumer loans originated online, reported Bloomberg. The £138M ($179 million) transaction is backed by 27,137 loans to individuals, according to Moody’s Investors Service, with a weighted average seasoning of 10 months and a maximum loan… Read More

Brief: Thailand Finally Pursues Fintech, Preps Regulatory Sandbox

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Thailand decided to open a fintech regulatory sandbox, with the central bank set to invite firms to participate early next year, according to a release. The sandbox will enable developers working on lending, payment and money-transfer services and products to experiment for up to a year. An… Read More

“Super Troopers 2” Roster Continues to Grow: Hayes MacArthur, Tyler Labine, & Will Sasso joins Cast (Video)

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On Wednesday, Broken Lizard, the production studio behind the anticipated comedy Super Troopers 2,  announced Hayes MacArthur, Tyler Labine, and Will Sasso has joined the Indiegogo-funded film’s cast. This news comes just days after Rob Lowe and Emmanuelle Chriqui were named as castmates. While the film’s plot is… Read More

Big Indiegogo Announcement: Users May Now Use Apple Pay on the Web

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On Wednesday, Indiegogo announced it now supports Apple Pay on the web. Backers may use Apple Pay in the Safari web browser on iPhone, iPad, and Mac to back campaigns on the global crowdfunding platform. This news comes nearly two years after Indiegogo incorporated the… Read More