March 20, 2023 @ 6:50 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) will hold the 42nd Annual Small Business Forum as a virtual event. The event is hosted by the Office of the Advocate for Small Business Capital Formation. During the tenure of Jay Clayton, the Forum was held at various… Read More

March 20, 2023 @ 5:00 pm By JD Alois  |  

In 2020, rules were approved by the European Union to facilitate cross-border online capital formation for issuers raising up to €5 million. For platforms, they must seek approval from the relevant authority in their home member state. While the process has been a bit slow,… Read More

March 20, 2023 @ 4:27 pm By Omar Faridi  |  

SMA Technologies, a provider of automation solutions for financial services and the maker of OpCon Workload Automation & Orchestration, announced an expansion of its relationship with Jack Henry (Nasdaq: JKHY) in order “to include banks after successfully scaling digital business transformation with OpCon for Jack… Read More

March 20, 2023 @ 4:00 pm By JD Alois  |  

As part of the deal to save Credit Suisse from a potential collapse, the agreement that was cut for UBS to take over the bank included a write-down to zero of AT1 (Tier 1) bonds. This means holders will receive nothing for the securities. Following… Read More

March 20, 2023 @ 3:40 pm By Omar Faridi  |  

Engage People, which claims to be the only loyalty network that enables program members to pay with points (PwP) directly at checkout, “reported 22 billion points redeemed and a total of 1.8 million in transactions across its loyalty network in 2022.” As the demand for… Read More

March 20, 2023 @ 12:57 pm By JD Alois  |  

Smart Lenders AM, an asset management company specializing in managing portfolios of loans from established marketplace lenders, online-lending platforms and crowdlending platforms, has issued a statement in light of the ongoing market volatility and strain on the banking sector. Since its launch, Smart Lenders AM… Read More

March 20, 2023 @ 12:44 pm By Omar Faridi  |  

Netradyne, an SaaS provider of artificial intelligence (AI) and edge computing solutions focused on safety and driver coaching for commercial fleets, announced its partnership with Cover Whale Insurance Solutions, Inc., a commercial trucking insurance provider and fast-growing insurtech. The partnership enhances Cover Whale’s Driver Safety… Read More

March 20, 2023 @ 12:27 pm By Omar Faridi  |  

Ceres Imaging, the data analytics company that builds AI-driven solutions to protect yields and advance climate resiliency, has released its Risk Solutions product suite, “designed to power the next generation of risk models for insurers and lenders.” The new product “takes advantage of Ceres’ finely… Read More

March 20, 2023 @ 9:46 am By JD Alois  |  

Boutique Fintech investment bank FT Partners has kicked off a new service: Fintech equity research. Over the years, the number of analysts actively following smaller, publicly listed firms have diminished. While there are various reasons for this decline, in the end equity research now tends… Read More

March 20, 2023 @ 8:44 am By JD Alois  |  

The US Federal Reserve has made the following statement: The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity… Read More

March 20, 2023 @ 8:35 am By JD Alois  |  

Signature Bridge Bank, the new bank created by the Federal Deposit Insurance Corporation (FDIC) after it took over failed Signature Bank, is effectively being acquired by a subsidiary of New York Community Bancorp. According to a statement by the FDIC, substantially all deposits and certain… Read More

March 20, 2023 @ 8:20 am By Omar Faridi  |  

Manchester-based Fintechs, BankiFi and Financielle have announced the joint launch of a new playbook for small-to-medium sized enterprises (SMEs), “giving business owners back their most valuable asset – time.” The new playbook has been designed “to help SMEs, especially those that are female led, to… Read More

March 20, 2023 @ 8:18 am By Omar Faridi  |  

Treasury Prime, the embedded banking software platform, recently announced the launch of OneKey Banking. This “first-of-its-kind” technology enables Treasury Prime customers “the ability to unlock the full potential of the industry’s largest bank network (15+ financial institutions) using instant cross-bank transfers (network transfers).” OneKey Banking… Read More

March 20, 2023 @ 8:14 am By Omar Faridi  |  

Buy Now Pay Later (BNPL) usage continues to grow, but “not all these payment plans are experiencing the same level of customer engagement,” according to an update shared with CI. By the end of 2021, shoppers had “spent more than $20 billion using BNPL, and,… Read More

March 19, 2023 @ 11:27 pm By Omar Faridi  |  

At a time when the UK and US tech sectors were exposed to what can only be described as financial chaos, Payhawk, the spend management solution for domestic and international businesses throughout Europe, the US, and the UK, continued “to show their dedication and support… Read More

March 19, 2023 @ 10:58 pm By Omar Faridi  |  

2023’s figures continue to “exceed expectations,” according to an update from investment platform Bondora. Investments for February via Bondora have “topped €20M for the first time in years, with a total of €20,660,543.” Increasing by 12.2%, loan originations on Bondora “totaled €19,228,733.” This is the… Read More

March 19, 2023 @ 10:56 pm By Omar Faridi  |  

The team at Debitum notes that platform performance in February reveals a solid start of the year. New Loan originator – Flexiadea Polska – assets are “available for investments; increased rates for existing Loan Originators; improvements of the platform (‘About us’ section rebuilt); new deposits… Read More

March 19, 2023 @ 10:55 pm By Omar Faridi  |  

In the latest Insight report, Mintos takes a look at how alternative lending has been gaining momentum. They focus on Southeast Europe (SEE), which in recent years has “seen the emergence of non-bank financial institutions offering accessible and convenient financial services.” Mintos delve into the… Read More

March 19, 2023 @ 10:53 pm By Omar Faridi  |  

Over the past 17 years, European P2P platforms have “attracted more than $11 billion through funding rounds,” according to an update from Robo.cash. Robocash writes in a blog post that most of the money raised “comes towards the mixed sector of business and consumer lending.”… Read More

March 19, 2023 @ 10:51 pm By Omar Faridi  |  

PeerBerry business partners are “repaying EUR 1.7 million of war-affected loans.” Under the Group guarantee mechanism in 13 months of the war, PeerBerry business partners have already “repaid EUR 34.8 million, or 69,3% of the total war-affected obligations towards PeerBerry investors.” Remember that AutoMoney UA… Read More