Nethone helps its clients provide security and the strong UX important in the modern economy.
P2PGI entered into an agreement to sell over $1bn worth of US consumer loans; the sale will reduce the funds net asset value (NAV) by less than 1 percent and effect their leverage & hedging requirement; the move is part of a broader strategy the fund laid out in September. Source.
Metro Bank is in talks to acquire one of the largest p2p lenders in the UK in RateSetter; according to...
Yapily announces it has signed an agreement with SCHUFA to acquire finAPI, Germany's leading provider of open banking solutions.
Digital banks have been presenting themselves as a more transparent fairer option than the traditional players; what these newcomers are finding is to scale and reach profitability they will need to figure out a way to lend that doesn’t strike the same tone as customers get from their typical bank; Tandem, Monzo, Starling Bank, Revolut and N26 have all started to roll out lending options in a variety of ways by using a tailored data driven approach; figuring out where the balance lies is the key piece if these banks are truly going to disrupt the banking system. Source.
Banks have been given a deadline of early 2018 to comply with new regulations that will allow for open banking; many industry experts believe this deadline is too tight; to comply, banks would need to completely overhaul their current security infrastructure and banks are not known to rapidly change anything; the UK's big four - Lloyds Banking Group, HSBC, Barclays and Royal Bank of Scotland - control 77% of personal current accounts and 85% of business accounts; these new regulations will allow consumers to control access to their data and give them comparison tools to shop for the best mortgage, credit card or loan. Source
International payments network Swift has created their alternative to blockchain which they believe is a better, more reliable solution; global...
The European Fintech Association (EFA) has launched with six founding members: Funding Circle, Raisin, Finleap, Transferwise, Moneyfarm and N26; these...
In looking for a new CFO the company posted an ad stating that the new officer would help to lead the company through an IPO in 3 to 4 years; Monzo has recently raised capital and talked about global expansion into Asia and the US; the UK based digital bank has also stated they are launching new products in 2018. Source.
Plaid is now working with Microsoft to bring financial data directly into Excel; the new service is called Money in...