The Chinese online lender issued over $2 billion loans in the quarter to over 200,000 borrowers; this represented year over year growth of 95%; 2017 total originations were $6.3 billion across nearly 650,000 borrowers; Revenue in the fourth quarter was $280.5 million and net income was $69 million. Source
Among the many Fintech methods, tools and techniques, AI and blockchain are at the top of the list and represent...
Core systems provider Nymbus has created their SmartLaunch product for banks to launch a digital version in as little as...
In the latest issue of their biweekly loan performance report dv01 shares that total impairments in online lending have fallen...
Bitcoin has increased over 550% this year and many firms are taking an increased interest in the cryptocurrency; CME Group launching futures contracts for bitcoin is just one example; the WSJ looks at what futures contracts for bitcoin will potentially mean for the market. Source
A new report by IHS Markit says the value of blockchain in financial services is set to jump to more...
Finastra, a technology vendor to credit unions and small banks, is adding the Bakkt digital asset app to its platform. This will allow clients' customers to buy, sell and hold digital assets like Bitcoin.
A new report out by Beahurst has recognized crowdfunding platform Seedrs as the most active UK equity investment platform; they...
Intuit's QuickBooks unveiled Wednesday a rebranding of its integrated small business bank account QuickBooks Cash as QuickBooks Checking.
Over $3 billion has been raised this year by initial coin offerings; Tech Crunch shares the current warnings that the market has received from regulators; some market participants report that they have spoken with with the SEC and it is expected that we will hear much more from regulators as we enter 2018. Source