Consumers across the UK who are using digital financial management tools report being on average “£37.08 better off per month, or £445 better off per year, compared to pre-adoption.” Today, as many as 7.6 million3 Brits are already “using digital financial management tools, meaning this… Read More
Mastercard announced on Tuesday the release of its Mastercard New Payments Index. According to Mastercard, the Index was conducted across 18 markets around the world and revealed that 93% of consumers will consider using at least one “emerging” payment method, such as cryptocurrency, biometrics,… Read More
U.S. fintech Galileo announced on Tuesday it has joined forces with TomoCredit to launch a new credit card specifically for consumers lacking a credit history. The company claims the new card is considered the only credit card that does not require a credit… Read More
One out of eight retail banks will most likely face substantial losses this year due to the Coronavirus (COVID-19) outbreak and associated economic problems, according to Kearney’s European Retail Banking Radar. The consultancy company noted that revenue for retail banks is expected to decline by… Read More
Mastercard announced on Thursday it has formed a global partnership with Samsung in order to enable digital access to consumers and small businesses in emerging markets through its extensible Pay on Demand platform. According to Mastercard, the Pay on Demand platform is designed to accelerate… Read More
Global blockchain payments provider BitPay announced on Tuesday it the rollout of stablecoin payments for merchants and consumers. BitPay reported that it now supports payment acceptance and settlement in any of three popular volatility-free stablecoins, Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos… Read More
Chinese consumer financing platform LexinFintech announced on Monday it has appointed Suining Xiao to its board of directors. According to LexinFintech, Xiao has been appointed as a designee of PAG, an Asia-focused private equity firm, in connection with PAG’s purchase of convertible notes from the… Read More
Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday it is set to launch a new consumer installment financing platform, called “Hexin Installments.” According to Hexindai, the platform will offer carefully curated categories for installment financing, such as electronic products, education, and travel products… Read More
BBVA Compass, the U.S. subsidiary of the global financial services group BBVA, announced on Monday it is now offering near-instantaneous decisioning and potential same day funding for both customers and non-customers with the footprint wide opening of the fully digital BBVA Compass Express Personal Loan. The company… Read More
On Thursday, peer-to-peer lending platform Lending Works released a new report that revealed a large proportion (27%) of its customers didn’t know how much interest they were paying on their debt before taking out a debt consolidation loan with the peer-to-peer lender. Of those respondents that were… Read More
On Tuesday (March 3rd), Florida-based MsGenuity launched a reward-based crowdfunding portal developed solely for the mom and family consumer. The site enables both funding and consumer input into the development of innovative product designs, creative projects and worthy community events. By serving an untapped market,… Read More
CircleUp, a crowdfunding platform for connecting investors with consumer brands, is partnering up with Virgin America in an initiative that hopes to generate some real-world business for consumer-facing brands and products that crowdfund on CircleUp. According to TechCrunch, Virgin America will use CircleUp as a… Read More
Austin-based Vovation.com has launched a new crowdfunding platform with a focus on consumer products. The platform was created by Conley Giles and is billed as “crowdfunding for inventors,” which puts this platform squarely in competition with upstart platforms like HWTrek and Dragon Innovation. Giles explains… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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