The banks that own the peer-to-peer payment network are reportedly considering a retail launch that could fend off rival payment methods — or simply cannibalize the sizable revenue issuers get from credit and debit cards.
Visa/Plaid: check mark A look inside Visa’s shareholder presentation for the $5.3B Plaid deal Mexican fintech, Resuelve tu Deuda, resolves...
Since our inaugural roundup of the Blockchain 50, published in 2019, the billion-dollar companies (minimum, by sales or market value) on our annual list have moved beyond test projects and now rely on “distributed ledger” technology to do serious work.
Financial institutions must scrutinize marketing, branching and lending strategies as Attorney General targets redlining in mortgage credit.
UK based Arrowgrass will offer investors fintech exposure through a new vehicle listed on the AIM Market; the $97mn IPO named TruFin, is the first time investors will have access to one of the country’s p2p platforms in Zopa; “Listing on AIM will allow us to provide further capital to our subsidiaries and scale faster, and take advantage of any developments in the current financial services market,” said Henry Kenner, chief executive officer of TruFin plc, to AltFi. Source.
Amazon has been in the lending business since 2011; after growing quite significantly from 2015 to 2016 they have more...
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In episode 195 of the Lend Academy Podcast the CEO and Co-Founder of LendStreet talks financial health via a new...
The short-term consumer lender has originated over €5bn ($5.8bn) since launching in 2008; the company has focused on markets in Europe and the Americas; the company’s mix of funding sources includes bond issuance and bank deposits from the acquisition of TBI Bank; Moody’s also recently upgraded their corporate rating from a B2 to a B3. Source.
Spanish bank BBVA has acquired Openpay; fintech startup Openpay is a payment service provider that will help to facilitate real-time payments and transfers for BBVA; according to Openpay Co-Founder Roberto Bargagli: "This acquisition shows BBVA's commitment to digital transformation and it is an example of how fintech firms and banks are going to revolutionize the global ecosystem together. We will work with tremendous enthusiasm to take advantage of this huge potential." Source