Tagged: covid-19

Majority of Private Market Funds Pivoted to Handle Challenges from COVID-19 Crisis: Research Report

Banking COVID Safe Social Distancing

Hilary Wiek, CFA, CAIA Lead Analyst, Fund Strategies & Sustainable Investing, notes that when Pitchbook last reported their benchmark returns, performance “was through June 2021.” The research report also mentioned that vaccines “were available, masks were coming off, and many office workers had resumed their… Read More

Fintech iwoca SME Expert Index: 30% Brokers Say Lending Market Returned to Pre-pandemic Levels

Fintech UK

The small business lending market has has reportedly returned to pre-pandemic levels of activity. This, according to nearly a third of brokers (30%) surveyed in iwoca’s latest SME Expert Index. And nearly another third (31%) believe the market will “return within 6 months, based on… Read More

European Marketplace Lender October Provides Updates on French State-Guaranteed Loans

Tuileries Gardens Lions Paris France

European marketplace lender October recently commented on the French state-guaranteed loans. On March 2020, the French State announced an “exceptional package of €300Bn state-guaranteed loans (PGE) to support SMEs during the Covid-19 crisis.” Since the launch of this first state-guaranteed loan via the October platform… Read More

Hong Kong Monetary Authority Announces Enhancements to SME Financing Guarantee Scheme

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The Hong Kong Monetary Authority (HKMA) notes that they have made enhancements to the SME Financing Guarantee Scheme. The Financial Secretary confirmed in the 2022-23 Budget today (23 February) that the application period for the 80% Guarantee Product, the 90% Guarantee Product and the Special… Read More

Financial Health Network: Average Q4 Account Balance Drained By $1,500, 2x 2020 Rate

Worried Benjamin Money

The Financial Health Network this week released Financial Health Pulse Points data from Q4 2021. The analysis shows sample account balances declined by an average of $1,500 over the fourth quarter, double the $750 recorded in the same quarter of 2020. Average fourth quarter account balances… Read More

Payments Trends for 2022 Shared in Latest Galileo Report

Money Coins Cash

Galileo, a Fintech payments company, recently shared a series of predictions for the trends that will shape payments in 2022. The payments space was undoubtedly influenced by the COVID-19 pandemic, with innovation accelerated out of necessity and towards a more human-oriented and connected finance industry…. Read More

Fraud in Call Centers Changing But Still On the Rise in 2022: Pindrop

Stop Fraud 600

Pindrop’s Voice Intelligence and Security Report 2021 provides detailed evidence of how fraudsters have shifted strategies during the COVID-19 pandemic. Prior to 2020 call centers typically saw fraud rates of one out of every 770 calls, but in 2020 the ratio rose to one out… Read More

Fintech Modulr Reveals How Hybrid Working is Changing Corporate Travel Market

Lane Change Ahead

When the COVID-19 crisis struck, working practices changed for many individuals and businesses across the globe. Offices had been closed and corporate travel was at a standstill, as virtual networks began replacing physical networking. Fast forward two years and while lockdowns are easing and conferences… Read More

WealthKernel Introduces Instant Matching Deposits, Supported by ClearBank

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WealthKernel, a provider of digital investment services and infrastructure, has introduced Instant Matching Deposits that are being powered by ClearBank, the Cloud-enabled clearing bank. Instant Matching Deposits enables investors “to instantly fund their accounts and begin trading without waiting days for payments to clear, and… Read More

OurCrowd Financed COVID Treatment is 99% Effective Against the Disease

Stop Coronavirus COVID19

SaNOtize, an OurCrowd portfolio company, has shown to be 99% effective against COVID-19 in a phase three trial, according to a note distributed by OurCrowd. Simultaneously, the treatment has received regulatory approval in India. OurCrowd has participated in the funding of the firm providing access… Read More

ComplyAdvantage Predicts Landmark Year for Fintech Industry Compliance Professionals

2022

The team at ComplyAdvantage has released their new report, titled The State of Financial Crime 2022. ComplyAdvantage’s outlook for 2022: From supply chains in crisis to “high-wire” geopolitical standoffs and the implementation of updated regulatory frameworks, it’s going to be “a landmark year for compliance… Read More

Fintech Paysend Reveals What they Learned After Becoming Remote-First Working Company

Computer Laptop Mac Virtual Remote Digital

The team at Fintech firm Paysend notes that the world of work has changed, and never more so than in the past 2 years. Many businesses are reporting that they are “struggling to cater to changes that come with being Remote.” At Paysend, they made… Read More

MarketFinance Explains Why Investors are Committed to Funding Small Businesses in the United Kingdom

Small Business Baron of Beef Cambridge UK

The team at UK’s MarketFinance notes that investors have continued to commit to funding small businesses in the United Kingdom despite “lingering anxieties” over the COVID-19 pandemic, Brexit and various other factors. MarketFinance VP Capital Markets, Marion Delille, has taken a look into just why –… Read More

European Fintech iwoca Shares Survey Results Revealing that Running Costs are Major Concern for Businesses in 2022

Flaking Peeling Pound UK

European Fintech iwoca notes that as worries or concerns about the economy emerge, almost three in four small business owners are thinking about the potential impact of inflation. iwoca writes in a blog post that businesses are “wary of the impact of this on their… Read More

Fintech Apps Are Becoming Widely-Adopted, so easyMoney Introduces its Own App for Clients

Money Pound iPhone

The team at UK’s investment platform easyMoney notes that the use of Fintech apps is increasing steadily across the globe. That’s why they decided to also launch their own app for their customers. The company wrote in a blog post that half of easyMoney investors… Read More

Fintech Adoption to Continue in 2022 with Financial Inclusion, Green Investments, Online Trading, Remittance Payments As Key Focus Areas

Fintech New York City

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

Southeast Asia’s StashAway, a Digital Wealth Manager, Says they’re Prepared for a Solid 2022

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Stephanie Leung, Group Deputy CEO at Southeast Asia’s StashAway, a digital wealth manager, notes that the COVID-19 outbreak has accelerated three key trends: a new inflation regime, China’s economic recovery, and the Fourth Industrial Revolution. According to Leung’s observations, the Coronavirus pandemic has continued to… Read More

Visa Explains How a Small Loan to SMBs can Make A Meaningful Impact on Supporting Key Business Operations

Farm Loans Lending Borrow Bank

Payments giant Visa (NYSE: V) notes that Sara’s Tamales in Portland, Oregon, is a small business built on a “big dream” — one that seemed quite “far-fetched” before owner Sara Rodriguez introduced her very first tamale cart. “When you don’t have the opportunities, the money… Read More

David Snitkof, Head of Analytics at Ocrolus, a Document Automation Platform for Financial Services, Comments on Automotive Lending Market

David Snitkof edited

David Snitkof, Head of Analytics at Ocrolus, which claims to be the leading document automation platform in financial services, powering the digital lending ecosystem, notes that just over a year ago, he had commented on the state of the automotive lending markets in the US…. Read More

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