LendingClub announced Q2 2022 results Wednesday, showing a firm resistance in the face of turbulent markets that sent the stock price up after hours.
FT Partners have announced the release of their Q1 2022 Fintech insights report, finding a record year in the making. ...
Deutsche Bank acquired a 12.5% stake in receivables auction platform TrustBills as the company looks to upgrade their core technology system; in September 2016 Deutsche Bank CEO John Cryan reportedly told employees they needed to begin thinking more like a tech startup if they were to keep their positions; the move to acquire TrustBills looks like the beginning of a fintech strategy by the bank; TrustBills is a marketplace for national and international trade receivables and they have begun looking to expand to more markets soon. Source
The Bundesbank along with Deutsche Boerse started a trial project with blockchain to transfer and settle securities and cash in...
Argentina vive una avalancha de capacitaciones en programación, criptomonedas y metaverso. Los sueldos pueden ser altos y en dólares.
Latin America’s leading event for innovation in financial services.
There is no standard for data sharing between banks and fintechs which often results in screen scraping; this leads to concerns around data security and is also an inefficient way to gather data; the Financial Services Information Sharing and Analysis Center released an updated version of their recommendations around data sharing called the Durable Data API specification; this could eventually become the standard adopted by the industry; American Banker compares this to PSD2 in the UK and shares more about the new specification. Source
Brazilian digital bank Nu Holdings slashed the targeted price range for its U.S. stock market flotation by about 18% on Tuesday, as a recent global selloff in technology stocks weighs on year-end initial public offerings.
GoCardless says the funding will be used to speed up its presence in open banking through expanding its products and moving into new markets.
Aviva, Hillhouse Capital and Tencent have announced plans for a new digital insurer, Aviva Hong Kong; Aviva and Hillhouse will own 40% with Tencent owning the remaining 20%; the new platform will focus on selling digital life insurance in Hong Kong and will also offer additional investment products. Source