The brokerage has struggled to boost revenue and retain customers.
Mauricio Toro habló con BeinCrypto sobre los proyectos que ha desarrollado, el papel de blockchain en Colombia, y su primera colección de NFT...
The U.S. Securities and Exchange Commission launched a mock ICO to help educate investors; the HoweyCoin, named after the Howey...
In our latest guest post, direct response marketing veteran Mike Gunderson discusses the seven ways voice marketing enhances digital banking;...
Sources report that Chinese online property and casualty insurance company Zhong An is planning for an initial public offering (IPO) in China; the firm was founded by Alibaba's Jack Ma, Tencent's Pony Ma and Ma Mingzhe from Ping An Insurance Group of China; a primary product for the firm is e-commerce shipping insurance which accounts for approximately 50% of the business; currently the firm's major shareholders include Ant Financial with 16% and Tencent Holdings Ltd. with 12%; in 2015 it reported a valuation of $8 billion and it currently plans to raise an additional 2 billion yuan ($290 million) to help it prepare for the IPO. Source
RiverBank has launched a fully digital loan application process for advisors and intermediaries in the professional real estate sector.
Amartha is an Indonesian fintech startup focused on using the peer-to-peer business model in rural areas of Indonesia; Amartha originally started as a microfinance institution in 2010, but that business model did not work; they moved to a peer-to-peer model where individual Indonesian investors fund the loans; they focus on small rural villages and to assess borrower risk they blend demographic profiling and psychometric tests to determine the probability of repayment; they currently have 5,000 investors and generate returns of about 15% to 17% structured as a profit-sharing scheme. Source
Raisin allows customers to compare accounts at banks across Europe; Thrive Capital led the latest round with participation from previous investors Ribbit Capital and Index Ventures; funding now totals $64 million; the company has tripled the amount of funds transacted on the platform last year; it now has 27 bank partners and expanded from Germany and Austria to a total of 31 countries. Source
The CEO also details Starling’s plan to ramp up its lending in 2022 and the bank’s boycott of Facebook advertising.
Financial institutions can access a "curated" set of Fintech solutions that can help them reach new customers via launch of AppMarket from Fiserv.