Tagged: coronavirus

May 5, 2020 @ 12:44 pm By Samantha Hurst  |  

Getsafe, a Germany-based insurtech startup, is reportedly delaying expansion into other European markets due to the COVID-19 pandemic. This news comes just a few months after Getsafe announced its expansion into the UK. As previously reported, Getsafe claims it is looking to reinvent insurtech and is… Read More

May 5, 2020 @ 11:42 am By JD Alois  |  

  Mintos, a top marketplace for debt investors in Europe, has recently conducted research amongst their audience seeking to gain insight into the impact of the COVID-19 pandemic. According to Mintos, the majority of crowdlending investors (65%) remain optimistic even in light of the ongoing… Read More

May 5, 2020 @ 11:18 am By Samantha Hurst  |  

SpotOn Transact, Inc (SpotOn), a software and payments company, announced on Tuesday it has formed a new partnership with fintech unicorn SoFi to provide financial products to small businesses during the COVID-19 pandemic. According to SpotOn, the collaboration will help small businesses by bypassing the… Read More

May 5, 2020 @ 7:56 am By Omar Faridi  |  

  Touch-free shopping and contactless payments are being increasingly adopted by consumers across the globe, in order to prevent the further spread of the deadly Coronavirus. Many consumers have been trying to avoid ATMs that require users to manually enter their PINs, according to a… Read More

May 4, 2020 @ 9:33 pm By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has made it quite difficult for the United States Congress to conduct meetings and deliberate. Lawmakers have offered suggestions regarding how to keep things going during the ongoing crisis. As mentioned in a Senate memo posted on April 30, 2020, blockchain-based… Read More

May 4, 2020 @ 7:30 pm By Omar Faridi  |  

  Governments throughout the world have been asking people to stay at home, as the world struggles to cope with the highly contagious Coronavirus. Countries across the globe have enforced nationwide lockdowns in order to prevent the further spread of COVID-19. Many people are now… Read More

May 4, 2020 @ 4:50 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Monday its funding affiliate was approved as a lender for the SBA Paycheck Protection Program (PPP) established under the recently-enacted CARES Act. Biz2Credit reported that this makes it one of the few fintechs that has been approved by… Read More

May 4, 2020 @ 12:15 pm By JD Alois  |  

OurCrowd portfolio company Kryon has announced a solution in collaboration with the Information Systems and Digital Division at Clalit Health Services, the largest health service organization in Israel. Kryon’s solution automates a critical process of uploading COVID-19 test results. In Israel, each lab is performing… Read More

May 4, 2020 @ 10:02 am By Omar Faridi  |  

As major financial institutions explore different strategies to cope with the COVID-19 crisis, a survey of UK financial services employees reveals that 66% think their company must do more to help them work productively from their homes. Large banks are currently trying to adapt to… Read More

May 4, 2020 @ 9:51 am By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Monday it is making changes to its provision fund as well as reducing interest rates. This course of action was caused by the COVID-19 pandemic. According to RateSetter, investors will receive only 50% of their interest with the other… Read More

May 4, 2020 @ 7:35 am By Omar Faridi  |  

Mobile and online banking users have increased significantly due to the COVID-19 pandemic. This, as banks across the globe have taken measures to limit or restrict in-person visits to physical branches, in order to prevent the further spread of the Coronavirus. A recent J.D. Power… Read More

May 3, 2020 @ 7:30 pm By JD Alois  |  

Bounce Back Loans: Bower Up to £50,000 For the first 12 months of the loan the interest is paid by the UK government, then 2.5% interest per year afterward Repayments are deferred for 12 months Following the Chancellor of the Exchequer’s announcement on 27 April,… Read More

May 3, 2020 @ 8:40 am By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has dramatically affected cash transactions in the United Kingdom, as ATM withdrawals dropped by 60% during the lockdown period. Approximately 75% of UK residents confirmed that they’re not handling physical currency notes nearly as much as they were before the ongoing… Read More

May 2, 2020 @ 2:14 pm By JD Alois  |  

The COVID-19 pandemic has hammered the real estate market. Landlords are not being paid rent. Hotels are empty and developments have been put on hold. Corresponginly, the Coronavirus has hit real estate crowdfunding marketplaces as the overall economy sinks. RealtyMogul, one of the best known… Read More

May 2, 2020 @ 12:30 pm By Omar Faridi  |  

UK-based Yapily, an established enterprise connectivity platform, has confirmed that it will be teaming up with Fintech firm Ordo, in order to launch a new payments service. The payments platform was officially launched last month. It allows users to issue invoices in a  simple, quick… Read More

May 1, 2020 @ 10:22 pm By Omar Faridi  |  

Bengaluru-based Digital Bank RazorPay reports that there has been a significant increase in the number of digital payments, following the Coronavirus (COVID-19) outbreak. RazorPay notes in its recent report that only a month into the nationwide lockdown in India, there has been a noticeable shift… Read More

May 1, 2020 @ 9:56 pm By Omar Faridi  |  

The Gulf Cooperation Council (GCC), an intergovernmental political and economic union consisting of the Arab states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is expected to experience a significant increase in the use of Fintech platforms and services. The anticipated… Read More

April 30, 2020 @ 4:30 pm By JD Alois  |  

  The Paycheck Protection Program (PPP), part of the CARES Act, has emerged as an exceptionally popular policy program by the US government in its efforts to support a faltering economy. In brief, the PPP provides a loan for 2.5X times monthly payroll for struggling… Read More

April 29, 2020 @ 10:58 pm By JD Alois  |  

At the end of last month, the Australian Senate Select Committee on Financial Technology and Regulatory Technology submitted a request for input as to the impact of the COVID-19 pandemic on the Fintech sector. The committee said that it is “keenly aware” to the impact… Read More

April 29, 2020 @ 8:43 pm By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has created major social-economic challenges for individuals and businesses throughout the world. The pandemic has led to an increase in the use of Fintech-focused services, which has helped some companies generate more revenue during these difficult times. However, the crisis has… Read More