Harmoney is New Zealand’s first and largest p2p lender, launching in 2014; since then they have built up a loan...
The UK’s biggest robo-advisor has seen assets under management grow to over $798mn and customers exceed 25,000 at the end of 2016; however the company also reported a 5 percent increase in losses and a 10 percent increase in operating expenses; building up scale to eventually make money looks to be the biggest challenge for the growing fintech company. Source.
Hedosophia is not a household name, and that is by design. The fund is one of the most secretive investors...
RBS plans to launch a next generation mobile only bank by third quarter 2018; the project is expected to launch with more than one million users from the bank; reports also point to the bank pursuing a marketplace business model which values partnerships over lending as a revenue model; while it looks like it is rumors right now the bank is clearly moving more digital. Source.
The P2P Global Investments Fund has assets under management of GBP833 million ($1.07 billion) and reported an increase of 0.55% in its March NAV; total NAV return for Q1 2017 was 1.18% and the Fund has decreased its discount to 15%; the Fund has been continuously evolving its strategy and is also reviewing its investment manager. Source
An ‘overwhelming’ moment: Behind BofA’s $1B racial justice commitment PNC pledges $1 billion to fight racism Eastern Bank Readying For...
While there is plenty of opportunity for companies considering embedded finance, there are a host of factors to consider before the leap.
The Danish challenger bank has been steadily building its business offering, which now has 15,000 customers.
The world's oldest central bank is now looking to the future; Riksbank is looking to issue a national digital currency as they have seen a 40% drop in use of notes and coins since 2009; they do not view the digital currency as a replacement for notes; the new currency would be viewed as complementary; challenges lie ahead as there is no blueprint for this; Cecilia Skingsley, deputy governor at the Riksbank, told the Financial Times, "This is as revolutionary as the paper note 300 years ago. What does it mean for monetary policy and financial stability? How do we design this: a rechargeable card, an app or another way?" Source
UK-based payment ecosystem, Paysend, has just announced a partnership with the fintech arm of internet and technology company, Tencent. The...