Erin Hobey

Now Available in China: Global Fintecher Payza Reveals New E-Wallet Options

Online payment platform Payza announced that its members in China can now utilize their Payza e-wallets using WeChat, UnionPay, and ePayLinks. Chinese Payza members may also now perform online transactions in Chinese Yuan Renminbi (CYR). The company has offered basic services in China since 2012, however, this is… Read More

Kudimoney Capital Now Offering Uncollateralized Loans in Nigeria

Nigerian Kudi Capital Management Ltd announced the public launch of Kudimoney, a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. Kudimoney aims to differentiate itself from OneFinance, Kiakia, C24, Snapcredit and QuickCheck by offering uncollateralizedloans to individuals within one hour. The company platform counts over 5,000 registered… Read More

Troubled: Canadian Mortgage Lender Home Trust Obtains $2B Loan Facility

Home Capital Group Inc. (TSX: HCG) announced that its subsidiary, Home Trust, has reached a non-binding agreement in principle with a non-disclosed institutional investor for a credit line in the amount of $2 billion. It is expected that a firm commitment will be agreed to later… Read More

Lawsuit Filed Against OCC Fintech Charter: CSBS’ John Ryan Sheds Light on State Regulators vs. OCC

US state regulators have filed a lawsuit against the Office of the Comptroller of the Currency, upping the ante in an increasingly bitter dispute over the federal agency’s plans to offer bank charter status to qualifying fintech firms, according to a release. The complaint, lodged by… Read More

CFPB Orders Servicemember Auto Lender SNAAC to Pay Refunds & Fines

Today, the Consumer Financial Protection Bureau (CFPB) took action against Security National Automotive Acceptance Company (SNAAC), an auto lender with headquarters in Ohio, specializing in loans to servicemembers, for violating a CFPB consent order. In 2015, the CFPB ordered SNAAC to pay penalties for illegal… Read More

Reed and Smyth Return to Kickstarter with Timely EPA Standards Manual Reissue

“Before 1970, the United States was in a radically different place.Our environment, our cities, our people: abused, dirty, and sick after years of neglect. President Nixon decided to change that. In 1970, the United States Environmental Protection Agency was enacted to protect the environment and the… Read More

LendKey Releases Student Loan Refinance Report: Delinquency Rates Dropped

LendKey, a leading lending-as-a-service provider for banks and credit unions, released its Student Loan Refinance Report, its second in a series that highlights borrower trends across banks and credit unions. This latest report focuses on the state of student refinancing including the borrower demographic, their… Read More

India Mobile Payment Buzz: Potential MobiKwik FreeCharge Merger

According to multiple new sources, MobiKwik and FreeCharge are considering an all-stock deal merger. Post-merger, the platform also anticipates an additional $200 million (nearly Rs 1,300 crore) injection from an unnamed Chinese investor. FreeCharge, part of online marketplace Snapdeal, has reportedly been seeking a buyer for some time, having recently… Read More

European Commission to Implement Blockchain and DLT Pilot Project

In the context of the Horizontal Taskforce on Fintech and Distributed Ledger Technologies (DLT), the European Parliament has mandated the European Commission to implement a pilot project in order to build up technical expertise and regulatory capacity. The European Commission intends to launch a call… Read More

Harvard Kennedy School Study Recommends P2P Marketplace Policy Overhaul

The proliferation of P2P marketplace, and most importantly online lending brings a competitive challenge for existing financial institutions that is here to stay. Its meteoric rise has provoked regulators around the world to deliberate on the new models of oversight needed to benefit consumers and… Read More

WISeKey Plans for New Crypto Valley IoT Blockchain Center of Excellence Center

  WISeKey International Holding Ltd (WIHN.SW), a leading Swiss cybersecurity and Blockchain IoT company announced today its intention to establish an IoT Blockchain Center of Excellence Center in the Canton of Zug aiming to deploy a Trusted Blockchain as a Service platform. The Center will… Read More

Flexiti Financial Welcomes Diane Brisebois & Rick Padulo as First Advisory Board Members

Flexiti Financial, POS financing and payment technology provider for retailers, announced that Diane J. Brisebois, President and CEO of the Retail Council of Canada (RCC), and Rick Padulo, Chairman and CEO of Padulo Integrated, a multimedia retail communications company, have joined Flexiti Financial as the first… Read More

No Sour Grapes: Online Marketplace Raisin’s €3 Billion+ in Investments

Only three and a half years after its launch as WeltSparen in Germany, Raisin, the online marketplace for savings products, counts more than €3 billion in investments done on the platform. Raisin secured €60 million in several financing rounds from investors including Index Ventures, Ribbit Capital and Thrive Capital…. Read More

Japanese IB Nomura Opens Fintech Program in Mumbai, PwC, Google, IBM & Amazon Internet Services Join Effort

Japanese investment bank Nomura has set up a fintech program in India, inviting entrepreneurs in Mumbai to build new tools for capital markets. The Voyager partnership aims to give Indian fintech specialists access to Nomura’s resources at the Mumbai innovation centre, enabling them to test their ideas using… Read More

Zuper Update! Zank Closes Second Successful Crowdcube Spain Campaign

P2P crowdlending platform Zank closed its €490,450 Crowdcube Spain funding round, the platform’s second succesful raise with Crowdcube Spain and its third successful round in the company’s history.  201 private investors acquired the 9.89% equity stake in the Barcelona-based startup, including ESADE BAN and the ESADE… Read More

Brief: P2P-Banking Publisher Claus Lehmann Introduces New IFISA Provider Database

Today P2P-Banking launched a new IFISA database which offers investors an easier way to compare IFISA providers offers. UK taxpayers can invest up to 20,000 GBP per year tax-free in ISAs; a person may invest 20,000 GBP this tax year and invest 20,000 GBP in a different ISA next year. The… Read More

BBC: Fintech Provides Better Choices & Services, Enter Monzo, Square (Video)

In this brief video entitled “FinTech How technology is changing the world of finance,” BBC Newsnight spotlights some problems facing SMEs when it comes to collecting payments. Fees overwhelm. Payments delayed. Fintech maverick, Crowdcube campaigner and Monzo CEO Tom Blomfield addresses how lack of competition allows brick… Read More

Warning: GoFundMe Cites Legit Campaign to Benefit Godwin Family, GoFraudMe Indicates Otherwise

Following the devastating murder of 74-year-old Robert Godwin in Cleveland, Ohio, the city’s police chief Calvin Williams warned those wanting to donate funds to the family through the crowdfunding platform GoFundMe to be careful when it comes to scams.  The platform reached out to confirm which… Read More

Straight Forward P2P Lending: CEO Stephen Findlay Comments on BondMason’s New SIPP Service

In response to growing demand from investors in search of better investment returns for their pensions, UK P2P service provider BondMason has launched a new Self-Invested Personal Pension (SIPP) service. “P2P Lending is an increasingly attractive asset-class, however SIPP administrators are rightly concerned with the practical difficulties of monitoring… Read More

Kabbage Co-Founder & Head Fintecher Kathryn Petralia: Power Lending, Predictions & Progress

  “Fintech, online lending, AI and privacy are complicated issues, so we’ve created innovative solutions and approaches that D.C. embraces once they understand them. Our message to Washington is: call us! We have someone to translate tech speak and “bureaucratese” for all of Washington’s questions.”… Read More