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Fintech

FintechNews RoundupUSA
·Feb. 14, 2019

JP Morgan Creates Digital Token for Payments

The news marks the first time a major US bank has created a cryptocurrency; the bank plans to start trials...
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Fintech
·Jan. 26, 2022

ING spin-out fintech Katana Labs shuts down

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.
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Fintech
·May. 16, 2023

Nubank shares up 10% as neobank reports record revenue in Q1

Nubank, the largest neobank in Latin America, nearly doubled its revenue in the first quarter to $1.6 billion, up 87% year-over-year.
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FintechNews RoundupUSA
·May. 8, 2018

Fannie Mae Launches Pilot to Speed up Mortgage Process with Hybrid Appraisals

Fannie Mae is testing a new program which would have appraisers assess a property without physically visiting it; appraisers will...
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EuropeFintechNews Roundup
·Aug. 3, 2017

ID Finance Partners with Da Vinci Capital for Fintech Fund

ID Finance will collaborate with Yuri Popov and asset manager Da Vinci Capital to launch the FinTech Credit Fund; estimated fund value is $200 million with debt financing focused on fintech and alternative lending; ID Finance is a growing fintech firm with three businesses: MoneyMan, Ammopay and Solva. Source

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FintechNews Roundup
·Apr. 6, 2017

Wells Fargo and Finicity Announce Data Sharing Deal

From the deal, Finicity will gain data sharing access to Wells Fargo's customer data for its clients which include personal financial management providers and online lenders; the deal is one of many currently underway for Wells Fargo and Finicity as well as numerous other market participants; overall, market consensus from American Banker shows less tension between banks and third party providers with companies such as Intuit reporting an increased interest from all parties involved in improving the experience for customers; American Banker also notes that as data sharing becomes more prevalent there's likely to be an evolution of technology that helps facilitate the connectivity.  Source

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Asia/PacFintechNews RoundupOnline Lending
·Jan. 4, 2017

Ning Tang of CreditEase on Business Expansion and P2P Regulation in China

CreditEase was China's first P2P lender, founded in 2006; since its founding the firm has been expanding its services to wealth management and robo advice; Ning Tang, CreditEase founder and CEO, provides his insight on the business and the online lending industry in an interview; highlights how the company plans to expand its business lines through partnerships while also managing regulatory controls.  Source

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FintechNews RoundupUSA
·Jun. 30, 2020

LendIt Fintech Job of the Week: Business Development Analyst – Pagaya

From the LendIt Fintech Jobs Board: Leading tech-enabled asset manager, Pagaya Investments, is seeking a Business Development Analyst to support...
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FintechNews Roundup
·Aug. 3, 2017

CB Insights Discusses Q2 2017 Trends in Fintech

Webinar provided a comprehensive overview of funding for fintechs; gave a fintech investment summary for the US, Europe and Asia; included detailed funding levels for insurtech, wealthtech and blockchain/bitcoin. Source

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Fintech
·Aug. 24, 2022

Save Wealth adds 4.5% savings account

Last week, the Houston-based savings company Save launched the Market Savings program for consumers that targets a 4.45-9.5% annual return.
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