Revolut has operationalised its Lithuania-based European specialised banking license in 10 European markets.
Buy now, pay later business Klarna has chosen Marqeta a
The partnership will allow N26 to offer consumer credit in France; N26 currently has similar features built out in other European markets where users answer a few questions within the app; the app then provides a quote that allows users to adjust the term of the loan or the payback amount; users will not be required to signup through Younited Credit as everything is managed through an API. Source
P2P lenders have been debating the definition of default as many investors seek standardization; Peer-to-Peer Finance Association (P2PFA) members define a default when a loan is 45 days overdue and begin recovery collection at 120 days; non-P2PFA platforms have varying standards that fit with their business models, ranging from two consecutive months to 180 days to three missed payments; in the banking industry banks do not have a standard definition, focusing more on delinquent payment collections than actually labeling a loan in default. Source
The Startupbootcamp FinTech London and PwC have released a new report which finds more companies are investing in artificial intelligence; the report's findings are based on program applicants; findings show that artificial intelligence is significantly impacting customer service solutions; report also provides insight on top trends in fintech including an increasing number of companies focused on B2B and SME solutions. Source
In the UK Revolut has rolled out a peer to peer payments feature called “Near Me” which lets their users...
ESG investment is on the rise as consumers want to make a positive impact with their money. Dubious sustainability scores make this difficult.
BVNK, a London-based crypto-to-fiat banking platform, said on Thursday that it had raised $40 million in a Series A funding round led by Tiger Global.
clients about starting a crypto trading desk; no plans are set yet but the bank is talking to clients, including institutional clients, about opening the desk as more banks explore the emerging market. Source.
Soulbound tokens, with their air of myth and legend, have very real applications that could significantly disrupt the finance sector.