One of China’s largest online lenders has shelved their IPO because of the regulatory crackdown on online lending; the FT reports that Lufax is waiting until the China Banking Regulatory Commission (CBRC) required online lenders to apply for a license; the current thinking is the government will approve licenses in April, though the time frame could be a bit longer; Lufax wants to ensure they get it right instead of rushing to be first. Source.
Christian Faes is the co-founder of LendInvest and served as the CEO for over a decade; he is now stepping...
The inherent transparency of blockchains or distributed ledger tech (DLT) networks makes crypto-related investigations a lot easier for law enforcement agencies, when compared to financial investigations involving fiat currency. Blockchains or DLT networks serve as a permanent, publicly viewable ledger of almost all crypto transfers,
While speaking on Business Insider’s podcast “Success! How I Did It” Affirm CEO Max Levchin shared the story about how he started PayPal; Levchin moved out to Silicon Valley after starting a business that didn’t succeed and was sleeping on his friend’s floor; he saw Peter Thiel deliver a lecture and stayed after to chat with the then hedge fund manager; they met the next morning for breakfast and Thiel liked one of his two ideas, he decided to invest and that was the company that became PayPal. Source.
CEO Brad Paterson Of Fintech Upstart Splitit On The Future Of E-commerce, Payments, Fintech, And BNPL (By Now, Pay Later)...
Empowering Consumers through Financial Data Control and Permissioning Santander InnoVentures appoints senior adviser to strengthen Silicon Valley foothold Will banks...
CBOE CEO Edward Tilly told the Financial News that recent criticism about bitcoin futures was “uncalled for”; “I think letters like that and cheap shots to our regulator, the CFTC, are uncalled for to make it seem this was an overnight self-certification without the proper amount of CFTC involvement,” explained Mr. Tilly; he explained that the Options Clearing Corporation clears the contracts for the CBOE and was comfortable with their decision of bitcoin. Source.
LoanClear is a servicing company which was spun out of Dynamic Credit; now the company is acquiring Brismo, a provider...
The Treasury Department accuses the firm of laundering more than $7 billion in virtual currency in the past few years.
The Women in Fintech program forms an integral part of Fintech Nexus' goal of forging a vibrant network in the fintech sector.