Just seven weeks after crypto exchange Gemini cut approximately 10% of its workforce due to “turbulent market conditions,” the startup has made a second round of layoffs, TechCrunch has learned, and there may be more on the way.
To be onboarded to the platform, creators simply apply for access here to undergo Klarna's validation process.
Fintech industry companies have joined together to form a new industry group, the Consumer Financial Data Rights group; the group will support unrestricted consumer access to consumer data facilitating innovative financial products and services. Source
Cost reduction benefits have been identified for blockchain however revenue benefits are also a factor for banks; banks are increasingly using blockchain solutions to reduce expenses and now banks are also researching ways to utilize blockchain for revenue growth; as blockchain becomes more widely used in the industry it is likely that banks will develop revenue generating products that use the technology; while banks have not greatly been reporting on new blockchain products, potential product development exists with digitizing illiquid assets and building micropayment systems. Source
Callcredit is the second largest consumer credit bureau in the UK and was founded in 2000; the company currently has 1,200 employees; TransUnion currently does business in 33 countries. Source
FundersClub is an online venture capital firm investing in startups; it has invested in 217 companies in the past four years with 19 exits; the firm has announced a commitment to disclose quarterly public reports providing more transparency in a historically un-transparent industry; the firm's investments have been successful over the past four years with a comprehensive multiple for returns on realized exits of 1.1. Source
Nubank executives talk credit strategy in Latam. The fintech has a portfolio of $20 billion comprised of personal and credit card loans.
New York state’s Department of Financial Services has given approval for Gemini to offer custody services and also allow trading...
Currently launched as a pilot, Novi will initially allow users to send money from the US to Guatemala, using the stablecoin digital currency Pax Dollar, which they can hold in a digital wallet and convert into the local currency.
The Hong-Kong based crypto lender has applied for licences in the UK and Luxembourg.