The CEO and Co-Founder of Younited Credit talks banking, technology, Brexit, and his international expansion plans. Source
At IBM's InterConnect conference this week in Las Vegas the company discussed its plans for cloud, artificial intelligence and blockchain, three areas that it will be increasingly focusing on for the future; the IBM Cloud will be the base of the growth strategy with artificial intelligence and blockchain driving a full range of capabilities. Source
BNPL is more critical than ever, especially in healthcare. It's not a "nice to have;" it's a must-have to help Americans access health care.
Singapore-based Dymon Asia Ventures has received investment of $20 million and plans to meet its target fundraising of $50 million over the next 12 months; firm plans to invest in 12 to 15 companies and has already begun investing in five companies which include: blockchain startup Otonomos, financing firm Capital Match, forex-focused 4XLabs, trading platform Spark Systems and marketing service WeConvene; the firm's investment focus will be on business to business companies targeting the growing Southeast Asia internet market; it says it will invest in seed stage funding through Series B funding with investments ranging from $300,000 to $3 million and reserves available for continued investment in follow-on rounds. Source
The fintech reported a loss of $748 million last year and last month announced that it was laying off around 10% of its workforce....
Trade analytics tool provider Katana Labs is closing down. It started its life in 2017 as part of ING and was spun out into a standalone company in 2019.
Speaking at the Financial Investment Initiative event the former founder of PayPal thinks that bitcoin detractors could be underestimating the currency’s potential; as CoinDesk reports, “underestimating [it] especially because ... it's like a reserve form of money, it's like gold, and it's just a store of value. You don't need to use it to make payments."; he has in the past criticized bitcoin and is not bullish on all cryptocurrencies. Source.
SMEs have been buffeted by the winds of COVID19 and heightened inflation, now comes the storm of political instability.
Starting June 1, Klarna will share data on whether Brits paid off a buy now, pay later loan in time to the credit bureaus TransUnion and Experian.
One of the primary reasons to not switch your bank is all the hassle that goers with changing direct deposit...