Startups like Propy, ShelterZoom and RealBlocks have begun letting people buy and sell real estate using the blockchain; Eric Piscini, principal, banking and technology consulting at Deloitte tells American Banker, “Maybe banks will be leaner because they won’t need to have as many people as they used to, to manage those processes.”; using blockchain technology can help to make the entire process of buying or selling real estate more efficient; banks will need to focus on other value added services outside of just lending and servicing; the power of blockchain technology is beginning to be felt all across the financial landscape. Source.
Though the company started off as a P2P lender, Lufax has diversified their offerings with great success and now views themselves as a Charles Schwab for the 21st century; as CEO Gregory Gibb says, "The truth is, we started there, but it represents less than 10% of our business volume today. So I think we're really very much an online wealth management platform."; Lufax focuses their business on wealth management, credit-rating services and institutional services where 60% to 70% of its solutions are based on traditional credit-rating metrics, with the remaining 30% to 40% centered on big data. Source
Monzo and Starling Bank saw more than 10,000 customers open accounts through the account switching service in the first few...
Entry into the real estate market is challenging for younger generations. For those who are "crypto native" perhaps there are options.
Alibaba announced it was taking a 33 percent stake in their fintech affiliate Ant Financial; the agreement allows for Alibaba to pick of shares of Ant Financial and also ends the revenue share agreement they had in place; TechCrunch reports the deal was focused on “certain intellectual property rights owned by Alibaba exclusively related to Ant Financial.”; Alibaba saw their shares drop after the announcement and many think this is a prelude to Ant Financial’s IPO. Source.
Mike Baliman runs the London Fintech Podcast and last made an appearance on the Lend Academy Podcast back in 2016;...
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Celcoin wants to make its BaaS service a one-stop-shop for these types of solutions to meet the growing demand in the Brazilian market.
The fintech-turned-bank has bet big on pro football marketing. Sunday’s game at SoFi Stadium should give its customer acquisitions a boost, analysts say.
Budgeting tools from Fifth Third Bancorp, Radius Bank, Simple in partnership with BBVA USA and others are seeing a big...