China’s Top Financial Authorities Roll Out 11 Financial Reform Measures On May 27th, the Office of the Financial Stability Development Committee of the State Council issued a press release that the Development and Reform Commission, the Ministry of Finance, People’s Bank of China, China Banking… Read More
Vesta, a fraud protection and electronics payments firm based in Lake Oswego, has reportedly sold its majority stake in its business to Goldfinch Partners for $125 million. Seattle-based Goldfinch Partners is a private equity firm established in 2018. Before this recent transaction, Vesta’s ownership was… Read More
Tagged digital payments, electronic payments, fraud protection, goldfinch partners, oregon, ron hynes, united states, us, vesta
UK-based Fintech TransferWise recently allowed users to set up direct debits in Australian dollars (AUD), in order to settle bills and pay for subscriptions across Australia – which can now be done directly from users’ TransferWise accounts. As confirmed by the money transfer service provider,… Read More
Tagged cross-border payments, direct debits, money transfer, pay with transferwies, transferwise, uk, united kingdom, xero, xero pay
Efi Pylarinou, a Fintech and Blockchain Advisor based in Switzerland, notes that funding is “on everybodys’ mind,” which might particularly be true for early-stage startups that have not yet acquired a significant user base. Pylarinou confirms that the valuations of later-stage Fintech companies have… Read More
Tagged fintop capital, india, rtp global, saas, software as a service
UK-based RateSetter, a peer to peer (P2P) lender, notes that its Provision Fund has been designed to assist investors with managing credit risk and to simplify the investment process. As explained by Jonathan Hodge, the chief operating officer at RateSetter, the Provision Fund aims to… Read More
Tagged capital coverage ratio, credit losses, credit risk, interest coverage ratio, michael hoare, p2p lender, p2p lending platform, peer-to-peer lending, provision fund, ratesetter, uk, united kingdom
San Francisco-based Brex, a company focused on developing B2B financial products, recently acquired $150 million in capital, in order to further strengthen its existing balance sheet and help it maintain operations during the COVID-19 outbreak. Now, the company has announced (on May 29) that it… Read More
Tagged brex, coronavirus, covid-19, henrique dubugras, layoffs, pedro franceshi, san francisco, silicon valley
The developers of the Digital Dollar project have published a detailed whitepaper that outlines the steps required for the US to issue its own virtual currency. As confirmed in the paper, the Digital Dollar Project is being developed with the assistance of the Digital Dollar… Read More
Tagged accenture, cftc, commodity futures trading commission, daniel gorfine, digital dollar, distributed ledger technology, dlt, federal reserve, tokenized dollar, us dollar, usd
China Merchants Port, the largest port operator in the country, has teamed up with e-commerce giant, Alibaba Group (NYSE:BABA), and its Fintech-focused subsidiary, Ant Financial. Through the partnership, the companies will work towards developing a blockchain or distributed ledger technology (DLT)-enabled platform, which will aim… Read More
Tagged alibaba group, ant financial, china, china merchants port, distributed ledger technology, dlt, jing xiandong, logistics
Global Impact Fintech (GIFT), a multinational non-profit think tank of government, regulatory, industry, technology and financial technology professionals from over 35 countries (including India and Singapore), continues to expand its presence across the globe. GIFT is a forum that brings together policymakers and Fintech, general… Read More
Tagged financial inclusion, fintech forum, gift, global impact fintech, india, malik khan kotadia, nepal, prahlad giri, sharat chandra, singapore
The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, according to data from Fidelity National Information Services (FIS). The significant increase in mobile-based transactions may be attributed to the… Read More
Tagged brandon larson, consumer behavior, coronavirus, covid-19, digital banking, fis, jamie warder, key bank, maria schuld, north america, Novantas, online banking, united states, us
Fund That Flip Launches New Fund to Meet Increased Demand for Diversified Short-Term Real Estate Investments
NEW YORK, NY, April 22, 2020 -- FundThat Flip, a leading peer-to-peerreal estate lending platform,recently announced the launch of the ...
Fin.do: A Solution at Hand for Support in Uncertain Times
As social distancing forces millionsinto isolation, Fin.do’s instantmoney transfer infrastructure proveskey for people worldwide to continuesupporting their loved ones. With ...
How will COVID-19 affect the Peer to Peer Industry?
The emergence of the COVID-19 virusin China in late 2019 has triggered aglobal health crisis that quicklyspilled over into the world economyas governments across the globe ...
Wisefund Launches Easy Funding Program for COVID 19 Affected European Businesses
At a time when thousands ofbusinesses across the globe faceclosures and severe negative economicimpact due to the outbreak of COVID ...
FFCON20 Rescheduled Due to Coronavirus, Now Taking Place in July
Canada’s Foremost FintechConference Rescheduled to July 8-9,2020 TORONTO — March 5, 2020— The National Crowdfunding& Fintech Association of Canada ...
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