LendingCrowd will give investors GBP150 ($195) for every GBP2,500 ($3,257) investment they make on the platform through August 31; the offer is open to new and existing investors and can also be obtained through investment in the firm's new IFISA; the Edinburgh-based peer-to-peer lending platform is primarily focused on SME loans and has originated GBP15 million ($19.5 million) in cumulative lending from 182 loans. Source
Digital asset trading infrastructure platform Elwood Technologies has closed a $70 million Series A funding round led by Dawn Capital and Goldman Sachs.
Revolut has launched their open API for customers and they have increased their Revolut for Business service; Banking Technology reports that the company said “account owners can generate sandbox and production keys, and set whitelisted IPs as an “extra layer of security”; accounts allow users to send, hold and exchange up to 25 different currencies. Source.
FinTech Futures speaks with Zirtue co-founder and CEO Dennis Cail about boosting financial inclusion and simplifying relationship-based loans.
According to new statistics released by the UK’s Insolvency Service personal insolvencies rose by 16.2% in 2018, while more than 16,000...
Global warming's associated effects are posing an increased risk to financial institutions worldwide. The Basel Committee has issued guidelines to help mitigation.
Since the financial crisis mergers and acquisitions by banks has reduced substantially. This has been a global trend that may...
RateSetter saw pre tax losses jump to $31mn from $7.1mn due to a bad loan to an advertising company; RateSetter also saw revenues jump by 38 percent as well as increases in customers and borrowers; the bad loan was absorbed by the lender as they explained it fell outside their credit policy and it was unfair to put the losses on their investors. Source.
LendIt Fintech has added a new in-person event in Europe called Merge: Where Banking and Fintech meet Web3.
ComplyAdvantage, a global data technology company today announced the release of a new Anti-Money Laundering Essentials Guide for Startups.