Random

Fintech

·Nov. 8, 2016

SuperCharger Fintech Accelerator a Highlight of Hong Kong Fintech Week

Hong Kong Fintech Week began with an announcement from SuperCharger Fintech Accelerator of eight finalists; the companies provide a range of services including solutions for wealth management, regulatory technology, artificial intelligence, cybersecurity and blockchain; the eight companies will participate in a 12-week program which includes access to SuperChargers corporate partners and mentors. Source

Read Full Story

Fintech

·Feb. 8, 2022

What is a “junk fee?” CFPB’s inquiry sparks industry backlash

CFPB Director Rohit Chopra launched an inquiry into so-called “junk fees,” with bankers and lenders countering that the fees they charge are related to specific types of work performed and that existing laws already prohibit excessive fees.

Read Full Story

Net Cash of Mid Sized companies on the rise since pandemic. Image Sourced from ThinCats report

Europe

·Mar. 21, 2022

Europe’s mid-sized businesses mostly weathered COVID-19 storm

Although the final restrictions of the COVID-19 pandemic have almost been lifted, its effect continues to mark the UK SME landscape.

Read Full Story

Europe Fintech News Roundup

·Jan. 19, 2018

Regtech Firm Contego Chosen for Open Banking Verification

The Open Banking Implementation Entity or OBIE chose regtech firm Contego to support OBIE’s identity proofing and verification processes; Nigel Spencer, head of support services at OBIE, tells Banking Technology that Contego delivered a “bespoke solution that combines automated identity checks with the added security of face-to-face verification” and this made the firm “the obvious choice”.; the company can customize their solution and deliver in real time via API. Source.

Read Full Story

Fintech News Roundup USA

·Apr. 17, 2018

Coinbase Acquires Earn and Appoints CTO

Coinbase has acquired Earn, a startup that allows for sending and receiving or digital currency for microtasks; Finovate reports the deal to be worth $100mn and Earn CEO Balaji Srinivasan will now serve as Coinbase’s first CTO. Source.

Read Full Story

Fintech News Roundup

·Feb. 13, 2017

Dutch Payments Company Adyen Reports 80% Increase in Transactions

Adyen reported an 80% increase in 2016 payment transactions with transaction volume of $90 billion; the growth was attributed to partnerships with Uber, Spotify, Airbnb, Booking.com, Facebook, Twitter and LinkedIn; growth is expected to continue in 2017 with contributions from new in-store payment services which it expects to grow to 50% of its business; the firm also says the European Commission's Payment Services Directive 2 (PSD2) will help improve business for Adyen. Source

Read Full Story

Fintech News Roundup

·Apr. 3, 2020

More News for April 3rd, 2020

Visa’s Africa strategy banks on startup partnerships Lending startups are angling for new business from the COVID-19 bailout SMBs Accuse...

Read Full Story

Fintech

·Nov. 30, 2021

Fico ships ‘next gen’ loan origination platform

The pandemic forced many financial institutions around the world to rethink their business strategy to better compete in a digital-first...

Read Full Story

Fintech News Roundup Real Estate USA

·Mar. 23, 2017

Unison Leading the Way for a New Era of Home Ownership Affordability

Lending Times reports on the business model created by Unison to improve the affordability of home ownership in the United States; the firm has developed two main products, a HomeOwner and HomeBuyer product, that are based on an investment model rather than a lending model; as a real estate investor the firm provides capital for borrowers and shares in the gain or loss of the real estate property's value; Unison and other innovative real estate businesses participated in a panel at LendIt USA 2017 titled, "The New Era of Buying & Selling a House" sharing further insight on how fintech innovation is evolving in residential real estate. Source

Read Full Story

Fintech

·Nov. 16, 2021

How Marcus by Goldman Sachs’ pairs direct products with strong partnerships

In 2019, Marcus announced one of the biggest partnerships in the fintech space when it collaborated with Apple to introduce a consumer credit card, the Apple Card. More recently, it bought BNPL provider GreenSky, giving Marcus not only its flexible payments option but also direct access to its...

Read Full Story