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Finance

·Nov. 2, 2016

MasterCard Foundation Expands Consumer Financial Protection Initiative

Announced today, the MasterCard Foundation is partnering with the Center for Financial Inclusion (CFI) at Accion on a $4.4 million initiative to promote more robust consumer financial protection laws around the world; CFI's Smart Campaign has existed since 2009 and has certified the consumer protection practices of 68 financial institutions to-date; the MasterCard Foundation contribution will support involvement of more parties (such as regulators, non-bank financial institutions and fintech platforms) and more countries; a particular focus will be on sub-Saharan Africa. Source

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Europe Finance News Roundup

·Jan. 7, 2019

German Fintech Investments Break Record, Top $1 Billion

Total investments crossed 1.13 billion euros in 2018 according to Barkow Consulting GmbH; investments in the fourth quarter alone were...

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Europe

·Nov. 29, 2022

Soaring inflation could benefit B2B BNPL market

Increased challenges have buffeted an already unstable SME lanscape - Is B2B BNPL a saving grace or could it ultimately worsen conditions?

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Fintech

·Feb. 21, 2023

Innovation investment during a downturn

Challenging conditions have companies cutting funding from product development and workforces - some believe innovation is a better answer.

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Finance

·Oct. 31, 2022

The Credit Suisse Twitter frenzy highlights finance’s trust gap

The market's reaction to Twitter's frenzy could indicate trust issues in the finance sector that fintechs if prepared, could bridge.

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Finance

·Mar. 27, 2023

First Citizens picks through the ruins of SVB

First Citizens Bank has acquired part of the failed SVB, announced the FDIC yesterday.

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Finance News Roundup USA

·Dec. 12, 2016

Banks Cutting Ties with Payday Lenders

Payday lender, Advance America, and its representative association, the Community Financial Services Association of America (CFSA), have filed a motion with the court to halt regulatory pressure on banks to end relationships with payday lenders; the motion follows the decision by U.S. Bancorp and four other banks to end their relationship with Advance America citing regulatory pressure as a factor; regulators say they have done nothing to pressure banks to end relationships with payday lenders; the court motion is part of an ongoing litigation process involved with a court case filed by Advance America and the CFSA in 2014. Source

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Asset based debt financing Venture financing

Fintech

·Oct. 6, 2022

Webinar: Asset-based vs. debt financing

When funding rounds are down and smaller than they used to be, some fintechs switch to asset-based and Venture debt to keep kindling on the burn rate pile.

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Finance News Roundup USA

·Dec. 19, 2017

SoFi Offers Six-Month Grace Period on Refinance Loans

As part of their SoFi ReFi program, SoFi will now offer a six-month grace period for new graduates; typically refinancing student debt has meant that graduates must give up their grace period on loans. Source

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Finance News Roundup Online Lending

·Dec. 21, 2016

Marketplace Lending Securitizations Trending with Market

JPMorgan asset-backed securities (ABS) analysts have highlighted marketplace lending securitizations, noting their growth and trending performance; cite marketplace lending ABS as one of the fastest growing securitization categories, increasing from $3.3 billion in 2013 to $9 billion in 2016; also say performance is better or similar to the broad market's ABS consumer loan securitizations overall with higher returns and lower default rates; additionally, the analysts report that credit characteristics on Avant's securitizations have improved. Source

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