Nomad, which offers dollar accounts to Brazilians, will now allow its customers to pay in installments for purchases made abroad.
TD Bank’s Singapore office gave the the bank a preview on what was coming to their other locations and allowed...
Global fraud prevention and identity verification startup Emailage raised $10 million in growth funding; the round included Anthos Capital, with participation from Radian Capital, Wipro Ventures, Mucker Capital and Tallwave Capital; they are looking to increase existing partnerships and accelerate growth in North America, Europe and Latin America markets; the company provides real-time risk intelligence by leveraging the email address as a unique global identifier. Source
Bloomberg reports on Wins Finance Holdings (WINS) which currently has an inception to date return of 3,305% and is trading at $230; the Chinese company has a small business loan and equipment leasing business; the stock is in the Nasdaq Composite and reports the index's highest 12-month return; while the Chinese stock appears to be a little known discovery, its business financials are rather abstract; Bloomberg provides details on the company including information from its public reports which began with its 2015 Nasdaq listing. Source
Hexindai, a Chinese fintech company listed on the Nasdaq last Friday; according to the article Chinese firms are getting pressure from investors who want to cash out; tightening regulations are also a factor; Qudian, another firm went public last month and Rong360 may be the next Chinese fintech company to go public; Oliver Wyman reports that the market size for consumer lending will expand to $620 billion by 2020 with a compound annual growth rate of 49%. Source
The trend isn't the end of relationship banking, but partnering and a niche market focus will be essential, especially as CRE lending slows.
Banks have clearly jumped in on the p2p payments wave as many have embraced Zelle, which launched with a consortium...
A day after LendingClub made big news by laying off 471 people there are rumors circulating all around the industry...
Chinese p2p lending has been put in a stranglehold by the government in the last couple of years as they...
Every software platform that is offering payments – or even considering it – should have a broader vision around the long-term opportunity in financial services. Embedded finance, not embedded payments, is the endgame.