Tagged: deutsche bank

Deutsche Bank Opens Fintech Innovation Lab in New York City

Deutsche Bank announced on Tuesday the opening of its Fintech innovation lab in New York City. This is the bank’s fourth global lab and it is located in Lower Manhattan’s Fulton Center. The lab will explore new technologies focused in various industries, including artificial intelligence,… Read More

Big News for Prosper: Marketplace Lender Signs Agreement for $5 Billion in Loan Purchases from Consortium of Investors

Prosper Marketplace, one of the leading online lenders in the US, has signed an agreement with a group of institutional investors to purchase up to $5 billion in loans over the next 24 months. The agreement alleviates a challenging situation that has been endured by… Read More

Deutsche Bank Strengthens Innovation Team By Appointing Elly Hardwick as Head of Innovation & Philip Milne as CTO for Innovation

Deutsche Bank announced on Monday it is strengthening its fintech and innovation presence by appointing Elly Hardwick as Head of Innovation and Philip Milne as CTO for Innovation. According to Deutsche Bank, Hardwick will work closely with fintechs and the bank’s business divisions to drive the adoption of… Read More

Update: Zopa’s Janardana & P2P GI’s Champ Comment on Europe’s First Securitization of Unsecured Consumer Loans Originated Online

Last week, P2P Global Investments and Zopa teamed up to work on Europe’s first securitization of unsecured consumer loans originated online. dedicated to investing in loans originated via marketplace platforms, and was arranged by Deutsche Bank. “This is an exciting milestone in Zopa’s journey. The securitisation process has… Read More

Getting a Leg Up: P2P Global Investments & Zopa Work on Europe’s First Securitization of Unsecured Consumer Loans Originated Online

P2P Global Investments and Zopa have teamed up to work on Europe’s first securitization of unsecured consumer loans originated online, reported Bloomberg. The £138M ($179 million) transaction is backed by 27,137 loans to individuals, according to Moody’s Investors Service, with a weighted average seasoning of 10 months and a maximum loan… Read More

Team Utility Settlement Coin Update: UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon Continuing Blockchain Project

 Team “Utility Settlement Coin,” comprised of UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon, has issued a brief update about its use blockchain technology to allow financial markets to complete financial transactions more quickly and smoothly.  In late August,  UBS Head of Strategic Investment & Fintech Innovation Hyder Jaffrey… Read More

Digital Cash: UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon Align to Test Blockchain in “Real-Market”

UBS and Clearmatics have  joined with BNY Mellon, Deutsche Bank, Icap and Santander to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology, according to a statement. “Digital cash is a core component of a future financial market fabric… Read More

Harvard Business School: CrowdWisdom or CrowdMadness?

This study, authored by Ethan Mollick of Wharton and Ramana Nanda of Harvard Business School, has recently been making the rounds.  Entitled; Wisdom or Madness? Comparing Crowds with Expert Evaluation in Funding the Arts, the polemic addresses the question of crowdwisdom or herd mentality.  This has been a… Read More

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