ABN AMRO has reported a net profit of €343m for quarter ended 30 September 2021, a 14% rise compared to €301m for the same period in 2020.
MarketInvoice has reached a 1 billion British pound invoice funding milestone; in the past 14 months it has financed 500 million British pounds of invoices; just recently reaching the 1 billion British pounds funding milestone, it reported invoices funded of 958,029,836 British pounds as of October 31 with a total loan amount of 765,451,443 British pounds; the company has been in business since 2010 with a total of over 20,000 transactions; it currently offers loans of 10,000 British pounds to 3 million British pounds for company invoices. Sources
The UK's parliament has launched a cross-party group of MPs and Lords to cover the crypto and digital assets sector.
UK fintech investment dropped 39 percent for the first half of 2020 to $1.84bn, down from $3bn in the first...
Giles Andrews launched Zopa, the industry's first peer-to-peer lending platform, in 2005; he has now taken on a new role as the chairman of MarketInvoice; MarketInvoice provides P2P financing for small business invoices giving them an alternative source for working capital; Giles Andrews will help the firm scale its business and reach its 2017 goal of 2 billion British pounds ($2.48 billion) in lending. Source
French based DreamQuark is looking to provide an AI solution to banks, asset management firms and insurance companies; the product, Brain, helps financial services companies to make smarter decisions in fraud detection, anti-money laundering and credit scoring; they can also help to better organize data so firms can offer customers tailored products and cut down on false positives so consumers don’t need to call for verification purposes. Source.
Monument, which plans to do mass affluent banking better than its competitors, aims to reach profitability within 24 months of launch.
Stripe announced an open banking product called Financial Connections sparking a testy Twitter tussle with Plaid CEO Zachery Perret.
Bitcoin (BTC) is currently going through one of the worst corrections in its history.
A comprehensive 380-page document was released that explained the policy and future legislation.