The bank’s recent tokenization of money market funds with BlackRock dovetails with an institutional DeFi project led by the Monetary Authority of Singapore.
Julius Baer has agreed to sell Wergen & Partner Wealth Management to its management, the Swiss private bank said on Monday.
P2P-Banking.com has released international lending volumes for July; Zopa topped the list with originations of EUR119.6 million ($USD141.9 million) for the month; report includes a number of milestones including cumulative lending of GBP2.5 billion ($3.28 billion) for Zopa and GBP2 billion ($2.63 billion) for RateSetter; the report does not include data from US P2P lending platforms. Source
Jumio and ComplyAdvantage have teamed up to provide a new screening product aimed at banks called JumioScreening; the new product...
In the "Top 10 Disruptive Technologies in Fintech" report, Juniper identifies the emerging technologies that are disrupting and influencing financial services in 2017; the top three include PSD2 and open APIs, regtech, and chatbots; at the top of the list, open APIs are a trend influencing financial services globally and Europe's PSD2 legislation is expected to help accelerate innovation. Source
Just two peer-to-peer lenders have been authorised to offer the recovery loan scheme (RLS). Funding Circle and Assetz Capital are the only two P2P platforms accredited to offer funding under the government-backed scheme, out of 74 approved firms. In contrast, the coronavirus business interruption scheme – which preceded the RLS – included more P2P platforms...
When Kabbage stopped lending in the Spring of 2020, many assumed they would pick up where they left off when they were acquired by American Express. Not quite. Since the deal in August 2020, Kabbage had been repurposed as a checking account service. On Wednesday, however, Kabbage finally announced a return to funding. “Kabbage from...
Kabbage has reported it will open a new office in Ireland; the geographic expansion follows a 50 million euro ($54 million) investment from the Irish Strategic Investment Fund which is managed by the country's National Treasury Management Agency; the Kabbage lending platform is focused on lending to small businesses and the firm expects to help support the Irish small business sector while also creating many high-quality financial services jobs in Ireland. Source
The French startup called Kard is similar to many of the challenger banks today except that they are targeting a...
Karen Mills is a Senior Fellow at the Harvard Business School focused on SME finance, entrepreneurship and competitiveness; she previously served as the Administrator of the US Small Business Administration; in her post on AltFi she discusses why London will remain a global leader in financial innovation despite uncertainty with Brexit. Source