General News

October 6, 2016 @ 9:08 am By Samantha Hurst  |  

On Thursday, consumer finance technology group, Kreditech, announced it has appointed Michal Panowicz is joining as Chief Product and Information Officer (CPIO).   Kreditech stated Panowicz’s career highlight was a complete digital transformation of the third largest bank in Poland,  mBank, and growing it to one of… Read More

October 6, 2016 @ 7:38 am By JD Alois  |  

The Financial Conduct Authority (FCA) publishes every 6 months the most complained about banks and other financial firms. This is one way to help keep the banks on their toes as this is one area that no firm wants to place first. On a positive… Read More

October 6, 2016 @ 7:31 am By Erin Hobey  |  

TransUnion (NYSE: TRU) announced the launch of its Fraud Prevention Exchange, an industry collaborative designed to combat online fraud at the Lend360 conference. The Fraud Prevention Exchange will leverage the power of collective data and help lenders face challenges brought on by originations fraud, including synthetic identity and loan stacking. TransUnion… Read More

October 6, 2016 @ 7:19 am By Erin Hobey  |  

DreamFunded’s Co-Founder and CEO Manny Fernandez was invited by the Executive Office of The President to the White House to participate in a round table discussion on possible solutions to fund early stage companies in underrepresented communities in the United States. Attending the meeting was United… Read More

October 6, 2016 @ 6:59 am By Erin Hobey  |  

FinTech Forward provides a comprehensive and forward-looking view of the strategic imperatives driving bank technology, both from the vendor and the user perspectives. The program draws on BAI and American Banker’s deep industry expertise, market-leading proprietary research, and strength in live events to produce actionable… Read More

October 6, 2016 @ 6:49 am By Erin Hobey  |  

China’s outstanding P2P loans more than doubled to a record high at the end of September, according to an industry report, underscoring the challenges Chinese authorities face in regulating the exponentially growing sector. P2P loans surged 153.5 percent to 956 billion yuan ($143 billion), according to the official… Read More

October 5, 2016 @ 1:46 pm By Samantha Hurst  |  

On Wednesday, digital payments company Payoneer announced it raised $180 million during a financing round led by TCV with participation from existing investor, Susquehanna Growth Equity. According to Payoneer, TCV committed to purchase shares from existing shareholders, pending regulatory approval and other customary closing conditions with… Read More

October 5, 2016 @ 12:16 pm By Samantha Hurst  |  

Online lending SaaS solution, Cloud Lending Solutions, announced on Wednesday it extended its expanded its leadership by appointing Bob Murphy as its chief revenue officer and Steven Lance as its chief financial officer. According to the company, Murphy is responsible for all revenue generating activities. He has… Read More

October 5, 2016 @ 9:34 am By Samantha Hurst  |  

On Wednesday, Millennium Trust announced its Millennium Alternative Investment Network (MAIN) received recognition at the 2016 WealtManagement.com Industry Awards. As previously reported, Millennium Trust unveiled MAIN earlier this year and stated that it delivers an efficient end-to-end solution for individuals and advisors looking to hold alternative… Read More

October 4, 2016 @ 4:18 pm By JD Alois  |  

The inaugural Crowd Invest Summit continues to expand its roster of participants for the December event in Los Angeles.  The conference organizers previously announced Robert Herjavec, founder of Herjavec Group and star of ABC’s Emmy Award-winning hit Shark Tank, will speak in a Fireside Keynote… Read More

October 4, 2016 @ 3:56 pm By Samantha Hurst  |  

On Tuesday, Indiegogo announced it now accepts credit cards for fixed funding crowdfunding campaigns. This news comes less than two weeks after the funding portal revealed it supports Apple Pay on the web. The Indiegogo team stated: “We know easy and secure payments are important… Read More

October 4, 2016 @ 3:08 pm By JD Alois  |  

A federal court has sided with the Federal Trade Commission (FTC) imposing a record $1.3 billion fine against race car driver Scott A. Tucker and his associates affiliated with AMG Payday Lending. Tucker also faces a criminal trial in New York, according to the Kansas… Read More

October 4, 2016 @ 1:30 pm By Samantha Hurst  |  

On Tuesday, crowdfunding platform GoFundMe announced its GoFundMe Guarantee refund policy, which protects donors from campaign misuse, and ensures all funds raised by campaigns are going towards right person. The funding portal claims that this policy is considered the industry “first and only guarantee.” Sharing details… Read More

October 4, 2016 @ 9:58 am By Samantha Hurst  |  

On Tuesday, fintech lender iwoca announced it secured £21 million during a Series C equity financing round, which was led by Prime Ventures. This new round notably brings iwoca’s total equity funding to £38 million. iwoca stated it has also raised £25 million secured debt… Read More

October 4, 2016 @ 8:22 am By Samantha Hurst  |  

On Tuesday, crowdfunding portal Crowdfunder UK announced it has teamed up with Santander to launch a £200,000 fund, called Changemaker, that is dedicated to social enterprises and community projects across the UK. According to the funding platform, the new fund is open to social enterprises, small… Read More

October 4, 2016 @ 6:21 am By Erin Hobey  |  

Smava, the German marketplace lender, has secured a $34M in a funding round led by Runa Capital, with additional participation from the Scandinavian private equity firm Verdane Capital, mojo.capital and existing investors, reported AltFi News. Runs, an active investor in the alternative finance sector, has also invested in… Read More

October 4, 2016 @ 5:34 am By Erin Hobey  |  

Auckland-based celebrity chef Robert Oliver launched a PledgeMe campaign to equity crowdfund his Pacific-styled fine dining restaurant in Auckland. KP Auckland Limited is seeking to raise between $450,000 and $600,000 which represents 42.9%–50% of the company. Shares are $1 each with a minimum investment of $500…. Read More

October 4, 2016 @ 5:14 am By Erin Hobey  |  

Ken DeGiglio has joined the securities lending platform EquiLend Holdings LLC as its first CIO, according to a release. Effective immediately, DeGiglio is responsible for aligning EquiLend’s technology vision with business strategy and integrating company processes with the appropriate technologies. He is also responsible for all aspects… Read More

October 4, 2016 @ 4:37 am By Erin Hobey  |  

LendIt, the prominent online lending conference dedicated to connecting the global online lending community, today announced the shortlist for its competition PitchIt @ LendIt, which is organized in partnership with Capital One, an information-based lending company. This year’s finalists are Credit Kudos, GIROMATCH, KASKO, Lenderwize Ltd, LendingWell,… Read More

October 3, 2016 @ 10:49 am By Samantha Hurst  |  

Impact Guru, an India-based “full stack crowdfunding solution,” announced on Monday it has formed a partnership with crowdfunding platform, GlobalGiving, to promote the joy of giving during the 2016 Daan Utsav. Impact Guru stated that the companies will t host an online crowdfunding contest during the… Read More