Samir Desai recently chatted with Peer2Peer Finance News; Desai noted that the company started 2020 in a very strong position...
The troubled crypto lender paid down $183 million of its debt to the decentralized exchange Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped.
The report from the European Securities Markets Authority, the European Banking Authority and the European Insurance and Occupational Pensions Authority...
Plaid is now working with Microsoft to bring financial data directly into Excel; the new service is called Money in...
Secretary of Treasury Janet Yellen spoke at American University about the government's role in creating cryptocurrencies or CBDCs.
Money Dashboard integrates with Revolut and Marcus; hires CFO Fifth Third Bank Files Application with Office of the Comptroller of...
The Association of Alternative Business Finance (AABF) has added three new alternative lenders to its membership; new members include Invoice Cycle, Merchant Money and Reward Finance Group; launched in February 2017 the AABF seeks to support UK alternative lending for small businesses. Source
One of the UK’s biggest banks, Lloyd’s Banking Group, is planning to spend $4.2bn on digital transformation over the next 3 years; the bank is looking to go beyond just becoming more efficient as they said they are looking to also make the biggest ever investment in people; the move by Lloyd’s is part of a wider trend in banking where incumbents are investing heavily into digital. Source.
Government officials recently created legislation for P2P lenders in Lithuania; FinBee, a small business lender is the first to have received the license and has officially launched using Madiston's software; according to FinBee CEO Laimonas Noreika: "We were delighted to be the first P2P platform to receive our license to help small businesses borrow to finance their growth. Our technology helped us to achieve this. When we first launched consumer lending, we chose Madiston's software because it was ready to go with what we needed but also gave us the ability to add functionality as we grow. The first step in our expansion plan was to add business lending and the technology was there for us, Madiston has been a supportive partner throughout." Source
French casino and hotel business, Groupe Partouche, has partnered with MeReal Biometrics for use of the company's smart cards; the smart cards from MeReal Biometrics are a featured product at the Web Summit this week; employees of Groupe Partouche will begin using the fingerprint identity cards in select locations and expansion is expected to more locations and guests if successful. Source