European deposit marketplace Raisin has passed $6mn in brokered savings deposits; deposits grew by more than $3.5mn in 2017 and they saw their international customer base grow by 20 percent; the company acquired PBF Solutions, passed 100,000 customers, added 12 new partner banks and received more than $49mn in interest income last year; “We are pleased to be able to offer savers throughout Europe an attractive alternative.” said Tamaz Georgadze, CEO and founding member, to AltFi. Source.
Student loan servicer Navient has acquired fintech firm Earnest for $155mn; the motivation behind the deal will pave the way for Navient to enter the lending business; “We’re looking to be the major player in the student loan refi space,” said Navient CEO Jack Remondi in an interview with the WSJ. Source.
The Singapore affiliate of Binance, one of the world's largest cryptocurrency exchanges, said on Monday it will withdraw its local licence application and wind down its digital payment token business in the broadly crypto-friendly city-state.
In our latest guest post Jorrit van Rijswijk of Dynamic Credit digs into all of the European SME support programs...
Central bank digital currencies have taken on more importance in the last few years with China leading the way as...
MAJORITY, a Florida-based mobile banking app for migrants, announced a $37.5-million Series B, including $30 million in equity.
Marqeta’s open API platform provides its customers with access to cloud-based payments infrastructure that enables them to build customized and configurable payment solutions. The platform’s Just-in-Time Funding feature allows crypto wallets to build out card products that can make authorization...
Tuesday, March 22, 2 p.m. EDT What is this webinar about? Long gone are the days of the solo fraudster working from a laptop, handpicking victims. Nowadays, fraud is controlled by organized criminals with vast resources who invest heavily in the technology they use for their attacks. Why would hackers manually test out stolen credit cards one by one when they can set up a program to test thousands of them in minutes? Fraud teams need to understand their enemies […]
Software-as-a-service (SaaS) startup LoanPro announced Tuesday a partnership with Mastercard's open banking solution provider, Fincity.
Even at this preliminary stage, climate change is a risk to financial stability in the U.S., and regulators have underscored the urgency.