The F-Prime Fintech Index tracks the performance of emerging, publicly traded financial technology companies.
ING Bank has come to a 5 year agreement with R3 that will allow the bank to have an unlimited...
The Reserve Bank of India will begin regulating p2p lending firms; the government of India released a notification on Wednesday; the platforms will be treated as non-banking financial companies (NBFCs); article shares the suggested regulatory framework from a paper released in 2016. Source
Venmo currently accounts for about 39 percent of PayPal’s digital p2p payments business; PayPal and Venmo only charge users a fee when they use their credit cards, though Venmo has started to diversify their offerings to help PayPal’s bottom line; Venmo has expanded Pay with Venmo and started a instant cashout service which both have fees associated with them; they have seen fast adoption with both and the hopes are that a breakthrough year is coming soon. Source.
China’s top ride sharing app Didi Chuxing has made the move into financial services by offering car insurance, personal loans and a...
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“If small and mid-size banks decide not to invest in open banking, the largest banks will be able to both...
UBS has partnered with Amazon to utilize Amazon's Alexa artificial intelligence (AI) for a pilot program with wealth management clients in the UK; Alexa will provide answers on inquiries about wealth management topics and the economy for clients through several devices; the partnership follows a trend toward use of artificial intelligence in the wealth management industry and a deal by UBS with robo adviser SigFig for account services; Alexa's AI capabilities offer a cost efficient way to provide information and standardized advice for wealth management clients. Source
Ping An pushes into Indonesia’s fintech space In strategic shift, TIAA to close dozens of mortgage offices Orca launches industry-wide...
At LendIt Fintech News, we get questions all the time and one of the most frequent is "what is the best way to pitch a story?"
On episode 25 I talk with Duy Vo of Productfy. Productfy is a fast and easy developer-first platform for any company to build, test, and launch financial products.