Italian invoice trading platform Workinvoice has packaged 5 million euros ($5.31 million) worth of receivables financed through its platform in a securitization vehicle; the receivables portfolio was purchased by Italian portfolio manager Factor@Work; the securitization deal represents a new source of capital interest for the invoice receivables market. Source
Pindrop’s Vijay Balasubramaniyan on how top bank call centers are navigating the COVID crisis The Timing Of Apple’s QR Code...
The startup called 2gether is launching a prepaid Visa debit card; the card will allow users to pay with euros...
Banking alternative Revolut is launching international medical and dental insurance for £1 a day; the company is using your phone’s location to automatically turn insurance on and off; there is a limit to the service if you are one to travel for months at a time but you can pay up front for the service annually; the company partners with Thomas Cook Money for their insurance product. Source.
A new report from Numis entitled The State of AI in 2017 explains the potential AI and machine learning for wealth managers; as AltFi reports, “AI enables asset managers to deliver to the mass affluent a degree of personalisation and service quality previously reserved for high net worth clients.”; the technology can also help to improve quality, decrease cost and help to make most of the asset management industry into robo advisors. Source.
Sky News is reporting that UK fintech pioneer, LendInvest, is exploring an IPO on the London Stock Exchange some time...
Bitcoin Exchanges Try to Lure High-Speed Traders like Virtu and Citadel Zopa to boost regulatory clout ahead of Brexit PBoC...
More choice for SMEs looking to borrow and grow.
European deposit marketplace Raisin has passed $6mn in brokered savings deposits; deposits grew by more than $3.5mn in 2017 and they saw their international customer base grow by 20 percent; the company acquired PBF Solutions, passed 100,000 customers, added 12 new partner banks and received more than $49mn in interest income last year; “We are pleased to be able to offer savers throughout Europe an attractive alternative.” said Tamaz Georgadze, CEO and founding member, to AltFi. Source.
Many believe the metaverse to be just another passing fad. At Merge 2022, panelists discussed why this time, it's different.