David Lin, Head of Credit at PayU gives his take on expanding credit and how this looks in practice with their investment in Kreditech. Source
As more banks start utilizing new technologies like artificial intelligence and blockchain current employees are beginning to worry about their future; Lyn Hall-Fore, U.S. director of BSA/AML compliance tells American Banker, “We told them, this is to make your job easier and better and give you more capacity to think, but still meet your production quotas”; finding the right balance will be a struggle as banks continue to innovate. Source
SoftBank’s Vision Fund is planning to invest in the British banking startup according to sources; if it goes through it...
This week Isabelle sat down with Ralf Kubli from the Casper Association to talk about tokenization of real world assets.
- Shinnecock Partners Publishes an Investor’s Guide to Fine Art Secured Lending
- Sydney Angels funds QPay $570k to steal millennial students from banks
- Omnichannel and Short-Term Lending
- BBVA-backed fintech launches global bank account
- How blockchain is affecting banking (Bank on It Podcast with LendIt Co-Founder Jason Jones)
The crash in cryptocurrency prices continues to wreak havoc on digital-asset firms.
Latin America's EBANX, a payments Fintech with an international presence, has introduced a brand new positioning and design.
The Monetary Authority of Singapore (MAS) has reported successful use of blockchain in inter-bank payments; the MAS blockchain inter-bank payments project began in November 2016 and was tested in partnership with R3 and a consortium of financial institutions; Deloitte will provide a report on all aspects of the project and its successes; MAS has reported a continuation of blockchain testing, next in fixed income securities trading and settlement at the Singapore Exchange and also in cross border payments using central bank digital currency; the country's active role in blockchain technology testing is also likely to influence the UNCITRAL Working Group IV which meets in April and is leading initiatives around a legal framework for cross border transactions which is likely to be based on blockchain technology. Source
Banking as a service is one of the hottest trends in fintech today with fintechs, service providers and banks all...
JPMorgan Chase announced plans to shut down their digital only bank less than two years after launching and now other...