Ahead of his presentation at LendIt Europe 2017, Richard Peers, Director of the Financial Services Industry at Microsoft discusses fintech with Verdict; provides his perspective on artificial intelligence, blockchain, cloud computing, challenger banks, why London is a great place for startups, and what firms can learn from the Chinese market. Source
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Funding Circle lead originations for the month of September followed by Zopa and RateSetter; many other originators across Europe are included in the list. Source
Validis simplifies the lending process to SMEs; Validis offers a solution that connects directly to SME accounting packages and allows businesses to share their information directly with lenders; they also have built fraud detection tools that analyze the information to spot anomalies, discrepancies and mistakes; the Validis ’Quality Score’ algorithm allows lenders to monitor the financial health of their borrowers. Source
With more than 80% of ICOs doing presales there are concerns over investors who have preferential treatment selling after the ICO; article discusses some of the largest investors in the space including Blockchain Capital, Pantera Capital and Polychain Capital; the possibility of pump and dump schemes has also drawn the attention of regulators. Source
According to the WSJ, Goldman Sachs is considering a new trading operation dedicated to digital currencies; a spokeswoman for Goldman stated, “In response to client interest in digital currencies, we are exploring how best to serve them in this space.”; several banks have been exploring the use of blockchain technology; Jamie Dimon, chief executive of JP Morgan Chase recently spoke out against bitcoin calling it a fraud. Source
Kathryn Petralia, co-founder and head of operations of Kabbage talks about their SoftBank deal, tech partnerships, culture and more. Source
Lend Academy looks at 10 years of data from Lending Club and Prosper; shares data on returns over the time period and where current returns are trending. Source
LendIt Europe 2017 is just one week away and we've compiled a list of the speakers to follow. Source