- Braviant Holdings Announces Launch of Chorus Credit Personal Loans
- Kasisto Raises $17M in Series B Funding
- Lion Rock Fintech Raises HK$50M in Funding
- PPDai and Sun Hung Kai & Co Announce Joint Cooperation
- South Korean Banks Drop Crypto Accounts as Government Plans a Ban
- Regions Bank Increases Prime Lending Rate
- Moody's: Some consumer ABS sectors to have weaker collateral performance due to pockets of borrower stress and weaker underwriting
- USAA’s Heather Cox is blurring the lines between business and technology
- Can a BBVA spinoff crack the digital ID code?
- Bitcoin: Electrifying Investment, Lousy Currency
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The lawsuit by the New York Department of Financial Services aimed at blocking the OCC Fintech Charter has been thrown out; Judge Naomi Reice Buchwald stated, "Since the OCC has not reached a final ‘fintech charter decision,’ defendants’ … motion is granted as plaintiff has suffered no injury in fact … and because plaintiff’s claims are not ripe."; it is possible that they could attempt to re-sue once the fintech charter is created. Source
Industry experts such as Matt Harris (Bain Capital Ventures), Dan Ciporin (Canaan Partners Partners), Andy Weissman (Union Square Ventures) and others share what 2018 may look across fintech; perspectives included span payments, lending, Amazon vs. JPMorgan, M&A, asset management and funding. Source
As Europe moves to open banking the US begins testing principles of data sharing between banks and fintechs. Source
Through a partnership with MicroVentures, Indiegogo will allow investors to participate in ICOs; accredited investors will be able to buy Simple Agreements for Future Tokens (SAFTs) where tokens are delivered on a certain date; the first ICO being advertised is the Fan-Controlled Football League. Source
- Wunder Capital's 2017 Year in Review
- ID Finance Raises $8.5m via Exchange-traded Bonds to Support Growth
- RateSetter’s Australian business hits $200m milestone
- Avoka celebrates $12M raise
- State Street backs UK fintech start-up PensionBee
- LendingUSA Secures $60m Credit Facility
- iZettle Grabs $47M Additional Funding, Eyes Market Expansion
- First National Bank Plans Online SMB Lending Portal
- South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'
- Aspiration Taps $47 Million for Conscientious Banking
The statement provides considerations for main street investors and market professionals; investors should be aware of the risks of these types of investments which have less investor protections compared to the traditional securities market; to date no coin offerings have been registered by the SEC; the statement notes, “A change in the structure of a securities offering does not change the fundamental point that when a security is being offered, our securities laws must be followed.” Source
The partnership will allow N26 to offer consumer credit in France; N26 currently has similar features built out in other European markets where users answer a few questions within the app; the app then provides a quote that allows users to adjust the term of the loan or the payback amount; users will not be required to signup through Younited Credit as everything is managed through an API. Source
Barclays, Standard Chartered and BNP Paribas, along with three fintechs and professors from University of Cambridge are expected to announce a new way to leverage blockchain technology at One Planet Summit; the tech would allow the banks to get insight into what borrowers are using environmentally sustainable practices and offer them better lending terms. Source
CarbonX is a peer to peer personal carbon trading company; it was formed in a joint venture between ConsenSys and a co-founding group which includes Don and Alex Tapscott who authored the book Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business and the World; according to Blockchain Daily News, “The company plans to purchase carbon credits, or invest in reduction projects, and re-cast the offsets as ERC20 tokens on an Ethereum-based blockchain, then distribute them through an open-loop style loyalty rewards program.” Source