LendingClub Corporation (NYSE: LC), announced on Wednesday it is one of 230 companies selected for the 2019 Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women’s equality. According to LendingClub, the index doubled in size from 2018 and includes firms from 10… Read More
Last December Bloomberg added Cryptocurrencies to its globally ubiquitous Terminals. Now, Bloomberg and Galaxy Digital Capital Management LP, a digital asset management firm founded by Michael Novogratz, have launched the Bloomberg Galaxy Crypto Index (BGCI). The index is designed to track the performance of the… Read More
The Luxembourg Finance Minister, Pierre Gramegna, was interviewed by Bloomberg while attending an event in Hong Kong. While the hed indicated the discussion was about Brexit, the more interesting discussion was about Fintech opportunities and cryptocurrencies. Gramegna was queried about possible new regulations on the… Read More
The Bloomberg Terminal is the mainstay of any serious financial service firm. Populated on trading desks around the world, “the Bloomberg”, launched in 1981 long before computers were commonplace. The Terminal is now on over 325,000 work stations globally. And it is not just about… Read More
Orchard Platform, a Fintech company that provides online lending data and insights, has formed a partnership with Bloomberg to make its content available to terminal subscribers. This is an important strategic shift for Orchard as it vastly scales its content and services to a… Read More
A report from Bloomberg this week takes certain online lending platforms to task regarding the fact that some online lenders are not verifying income status. The report also says that even if there are errors in loan applications the loan may still be approved. More… Read More
The Government of Singapore is inviting startups, tech companies, investors, and banks to its inaugural Singapore FinTech Festival between November 14-18. Events will include a Hackcelerator Demo Day, the FinTech Awards, and a speakers expo. Finalists competing in the FinTech Awards had been busy implementing… Read More
Peter Renton, founder of LendIt and online lending industry advocate, has take to the pages of Lend Academy to defend Lending Club (NYSE:LC) following a critical article by BloombergBusinessweek. The Bloomberg article, co-authored by Max Chafkin and Noah Buhayar, hammered Lending Club by questioning the… Read More
loanDepot has announced a new partnership with Orchard Platform – the company that is at the nexus of online lending and institutional participation. loanDepot will now be integrating its performance data into the Orchard U.S. Consumer Marketplace Lending Index and Market Data products. loanDepot states believes… Read More
On Tuesday, Crowdcube announced it was named of UK’s most innovative businesses by Bloomberg in its inaugural Business Innovators List. The equity crowdfunding platform declared in its blog: “Bloomberg unveiled its inaugural Bloomberg Business Innovators list, naming Crowdcube as one of the breakthrough businesses disrupting the… Read More
Japan’s banks are beginning to say konnichiwa with more enthusiasm to Fintech: Mitsubishi UFJ Financial Group Inc., a major Japanese bank, has created a unit to research and develop new financial technologies, according to sources cited in a recent Bloomberg story. A spokesman for Mitsubishi UFJ in Tokyo, Taiki… Read More
Mitsubishi UFJ Financial Group Inc. linked with fintech platform Finatext Ltd to boost investment trust sales by providing information through a smartphone application, reported Bloomberg, the first time Mitsubishi partnered with fintech startup on a new service. The Fundect app, which was developed by as part of a competition run by… Read More
Orchard Platform has inked an agreement to partner with Bloomberg Professional service to provide the Orchard US Consumer Marketplace Lending Index. Orchard is a unique platform. It is the digital pipeline for institutional funds flowing into marketplace lending loans. This exchange of investors and borrowers… Read More
More than 130K students have turned to GoFundMe, seeking crowdfunding to help pay their tuition costs, CNBC reports in the short video embedded below. More than $20M dollars has been raised this year. With the average cost of tuition and fees for private institutions exceeding $31K,… Read More
The first real estate project in New York to be financed notably through crowdfunding, AKA United Nations, will open to guests starting Sept. 10, notes a recent story on BloombergBusiness. The extended-stay hotel-condominium on East 46th Street near Second Avenue cost $95 million to purchase and fix up… Read More
In Germany, investment crowdfunding is doing well–both debt-based and equity-based crowdfunding jumped notably in Q1 2015 versus Q4 of 2014, according to numbers from the German Crowdfunding Network. What of the country’s peer-to-peer lending? Dominik Steinkuehler, co-founder and CEO of Lendico, a multinational P2P lending platform,… Read More
iCrowd Hotels, Inc., a real estate developer and investor with a groundbreaking hospitality strategy focused on the millennial market, announced today the launch of its new crowdfunding platform. The new platform, which is focused on hotel properties across the globe, answers the mounting demand for direct access… Read More
Innovate Finance, the independent membership organisation that represents the voice of Britain’s global fintech sector, is hosting its first global summit on Tuesday, March 9th, 2015 at the Guildhall in London. The major event will explore the impact of fintech on the financial services sector… Read More
Banks Called Out as Lost Decade of SME Finance. Crowdcube co-founder Luke Lang, along with Dexion Capital founder Robin Bowie, hit the studios of UK Bloomberg this past week to do a bit of a critique of the banking industry. The first question asked is… Read More
With only fourteen days until its crowdfunding campaign on Indiegogo, comes to an end, Bluesmart Technologies’ self-titled connected carry-on has raised $883,575 from 3,807 backers. Within the first few days on the global platform, the project received its initial goal of $50,000 and has continued to soak up the… Read More
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