Tagged: fintech

April 11, 2016 @ 2:56 pm By Samantha Hurst  |  

LendingPoint, a fintech direct loan provider, announced on Monday its 2016’s first quarter showed it funded over $15 million in consumer loans and has processed more than 53,000 loan applications. The company reported its recent expansion into states like Ohio and California has resulted in a 100% increase in… Read More

April 11, 2016 @ 12:24 pm By Erin Hobey  |  

Standard Chartered and SuperCharger announced the successful completion of Hong Kong’s first home-grown Financial Technology accelerator programme.  The programme was launched in October 2015 to find top FinTech start-ups to participate in a 12-week structured curriculum which aims to help them grow in Asia. “Standard… Read More

April 11, 2016 @ 11:58 am By Erin Hobey  |  

 Kickfurther, a leading inventory and invoice financing marketplace that connects companies and buyers seeking qualified short-term deal financing, and NSR Invest, a leading peer-to-peer investment management platform, announced a strategic partnership at LendIt USA 2016 to increase data-driven investment capabilities to the Kickfurther platform. “This partnership… Read More

April 11, 2016 @ 11:29 am By Erin Hobey  |  

Online business marketplace lender ThinCats Australia hopes to lend $100 million by the end of 2017 after a much needed debt injection of $10 million by UK fund ESF Capital, the new controlling shareholder of ThinCats UK, reported The Sydney Morning Herald. UK fund ESF Capital took a 74 per cent… Read More

April 11, 2016 @ 10:45 am By Erin Hobey  |  

The P2P lending platform Fellow Finance has announced that its platform is now open for borrowers in Poland. Polish customers may now apply for P2P loans with maturity from 1 to 3 years up to 12 000 PLN. This gives Fellow Finance investors an opportunity to diversify their investments geographically and… Read More

April 11, 2016 @ 7:00 am By Erin Hobey  |  

LendKey, a leading fintech company in the lending ecosystem, announced today the successful underwriting, origination, and deployment of more than $1 billion in lender capital to borrowers.  Private student loan and student refinancing opportunities contributed the lion’s share of deployment to LendKey, as borrowers accessed… Read More

April 7, 2016 @ 12:29 pm By Erin Hobey  |  

UBS has appointed Ben Crystal to a new role as Head of Fintech for Europe, Middle East and Africa, to help coordinate the Swiss bank’s coverage of the growing industry for financial technology, reported Reuters. Fintech has emerged as a large and growing sector in… Read More

April 7, 2016 @ 12:01 pm By Erin Hobey  |  

Resisting Fintech disruption amounts to a loss of $13 billion in aggregated revenues, according to Frost & Sullivan The Australian Banking sector is heavily regulated to prevent monopolies and collapses, and is guided by the Four Pillars Policy of the Australian Government which maintains the viability and separation of… Read More

April 7, 2016 @ 11:20 am By Erin Hobey  |  

Since the inception of online lending, P2P platforms have had to rely on outdated Self-Directed IRA (“SDIRA”) paper-based processes and infrastructure.  P2P platforms have grown increasingly frustrated in their inability to offer retail customers a simple and cost-effective way to purchase notes using 401(k) and… Read More

April 5, 2016 @ 4:05 pm By Samantha Hurst  |  

On Tuesday, payment service provider, PayU, announced it conducted an analysis on ecommerce customs and fintech potential in Latin America, Central/Eastern Europe, India, and Africa at Money20/20 Europe. Findings that are featured in PayU’s report included: High growth of ecommerce in Africa. More than 65%… Read More

April 5, 2016 @ 2:41 pm By Erin Hobey  |  

VendorMach, an SME vendor trust monitoring platform is one of the 10 companies selected to participate in Startupbootcamp Fintech Accelerator in NYC which includes banking partners such as Deutsche Bank, Santander, Rabobank and MasterCard and Thomson Reuters. The program offers insights on US fintech issues for the 2016 cohort… Read More

April 5, 2016 @ 12:15 pm By Erin Hobey  |  

SWIFT, a global member-owned cooperative and a leading global provider of secure financial messaging services, announced that 21 banks have started the pilot for its global payments innovation initiative, intended to improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments. The… Read More

April 5, 2016 @ 11:26 am By Erin Hobey  |  

Santander UK, a subsidiary of Grupo Santander, one of the ten largest banks in the world,  announced its intention to license the Kabbage Platform to power automated SMB lending throughout the United Kingdom. “There is incredible potential to shape the next generation of business lending… Read More

March 31, 2016 @ 10:38 am By Erin Hobey  |  

Stratumn announced that it has raised €600,000 in funding to build and promote its blockchain development platform. The round was led by the French VC firm Otium Venture, and includes Business Angels such as Ledger CEO and Maison du Bitcoin founder Eric Larchevêque, according to the… Read More

March 31, 2016 @ 9:16 am By Erin Hobey  |  

Canada’s growing fintech space saw online lending platform, Lendified Inc., join forces with Vancouver-based Mentio Technologies, a platform specializing in automated cash flow forecasting. For Lendified, which offers online loans to Canadian small business owners, the acquisition marks an expansion into global markets as Mentio’s multi-currency technology serves customers… Read More

March 23, 2016 @ 8:47 am By Samantha Hurst  |  

A new book called The Fintech Book was announced this week. It has been described as the “first” crowd-sourced book on global fintech that features 167 authors worldwide.  KoreConX president, Oscar A. Jofre, was one of the authors in The Fintech Book. He commented: “The Fintech Book was created to be… Read More

March 17, 2016 @ 6:53 am By Erin Hobey  |  

In late December, retail giant Overstock, a publicly traded company managed by maverick CEO Patrick Byrne, received SEC approval to regarding a plan to issues shares using Bitcoin Blockchain.  According to a filing with the SEC, the use of the “technology and distributed ledger technology by the Pro… Read More

March 17, 2016 @ 6:19 am By Erin Hobey  |  

TradeSocio, a fintech company founded in 2014 that aims to enable brokers, banks, and financial institutions to better utilize social trading, marketing automation, analytics and big data, announced its $1.25 million seed funding round led by Octava, a Singapore-based investment holding group, according to a statement…. Read More

March 17, 2016 @ 5:48 am By Erin Hobey  |  

Top banking executives fear that up to a quarter of their business could be at risk from emerging fintech firms, according to research conducted by PwC.  The report notes that information on FinTech is somewhat “dispersed and obscure,” which can make data synthesizing challenging. PwC’s… Read More

March 15, 2016 @ 8:25 am By Erin Hobey  |  

Earlier this month Crowdcube Spain joined the Spanish Association of Fintech and Insurtech (Asociación Española de Fintech e Insurtech) and received the new quality certification from the Catalan Government.  The Association was created with the support of more than 50 companies, with the goal of creating a favorable… Read More