The blog post comes from Chris Burniske who shares the early days of cryptoasset valuation, theory behind cryptoasset valuations and valuing a bandwidth token: INET. Source
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There have been many recent launches of digital banks which was a result of regulatory changes in the UK; Metro Bank was the first having launched in 2010, but there are many new names since then; article highlights founders and investors in the space including Eileen Burbidge (Monzo), Sanjeev Gupta (Wyelands Bank), Jonathan Rowland (Redwood Bank), Nick Ogden (ClearBank) and the Pears family (Masthaven Bank). Source
This month the CFPB announced a new rule aimed at payday lenders to prevent debt traps; Lend Academy outlines the new rules put in place and shares perspectives from several organizations in the short term loan space. Source
The article aims to answer whether big banks are still interested enough in potential mortgage loan customers to repeatedly follow-up and whether marketshare has anything to do with follow-ups; author applied for home loans with nine different lenders and shares data on their follow-ups over a two week period; Quicken, Citigroup and loanDepot round out the top three for total number of follow-ups. Source
- Lendio Joins Innovative Lending Platform Association
- SoFi Launches Student Loan Refinancing for Medical Residents
- Chinese Search Giant Baidu Joins Hyperledger Blockchain Consortium
- First Associates Receives FCA Authorization to Service Loans in the United Kingdom
- Lendy has repaid £100m to investors this year
- Great Expectations - Improving the Loan Application Process for Small Business Borrowers (Fundera & Oliver Wyman
Clearbanc provides revenue-based financing to online businesses; a new program launched with Facebook will give Facebook’s 5 million merchants in Canada and the US access to $500,000 in financing; advertisers who have been working with Facebook for 6 months and have positive economics on ad spends will be able to apply through Clearbanc’s Chrged program and connect their Facebook Ad account. Source
Adam Ludwin responds to comments made by Jamie Dimon recently in a lengthy letter; explains his perspective on the market, breaks down his definition of cryptocurrencies and more. Source
Tezos raised $232 million in their initial coin offering; according to sources there is a dispute happening behind the scenes between the two founders (Arthur and Kathleen Breitman) and the president of a Swiss foundation (Johann Gevers); the two founders helped create the foundation to handle the ICO and to develop the Tezos network; the Breitmans made accusations of self-dealing, self-promotion and conflicts of interest against Gevers in a letter to other members of the board; Gevers refutes the claims made by the couple. Source
The partnership is with Bud through first direct and will offer an integrated offering of financial services products and tools across the market; Raman Bhatia stated, “At HSBC we recognise that the sector needs to innovate to meet changing customer needs and we’re investing significantly in digital innovation, including working in partnership with fintechs such as Bud” Source
- Climb Credit Enters Into $130 Million Loan Purchase Agreements
- Blockchain KYC Startup Raises $1.6 Million in Seed Funding
- Amid Brazil’s persistent economic crisis, fintech startup GuiaBolso raises $39 million
- Florida Fintech Finova Financial Secures $102.5 Million In Equity & Credit Facility Funding
- Fundrise Growth eREIT Files to Raise $45.7 Million
- Roostify Unveils New Decision Builder to Improve Pre-Application Consumer Experience and Drive Leads
- Enterprise Ethereum Alliance Adds 48 New Members
- Othera, ?blockchain ?fintech, ?announces ?new ?contract ?with ?U.K.’s ?Lendhaus, ?to ?digitise ?syndicated lending ?of ?commercial ?real ?estate ?on ?their ?blockchain ?platform
- AlphaPoint and Intel Announce TrustedVM Product for Confidential Smart Contracts
- Harvard Partners LLC Announces Investment Interests in Commercial Finance