Goldman Sachs has decided to begin a trading operation to trade bitcoin, becoming the first major bank to do so;...
Financial Times highlights TransferWise and Funding Circle who are growing their market share in the UK; Transferwise has collected $280 million from investors and Funding Circle has surpassed high-street banks in net new lending; Funding Circle lent £114 million in the three months to September; Samir Desai, co-founder and chief executive of Funding Circle stated, "If I was a big bank, I would be really worried about this..." Source
AxiaFunder is the first UK for-profit litigation funding platform; they are now launching a Seedrs capital raise which is open...
Yave, a mortgage and credit fintech that aims to capture the Mexican mortgage market, won the day after an excellent presentation by co-founder and CEO Bernardo Silva. He said he wanted to break into the slow-moving trad marketplace for mortgages and help brokers put the mortgage right into the sales process.
Acting CFPB Head Mick Mulvaney said he thought the payday lending rule was too far along for the agency to change but that he supports a congressional rollback; the Congressional Review Act gives Congress 60 days to nullify a regulation; Mr. Mulvaney is currently involved in a dispute over whether or not he can run the agency on an interim basis and he said he anticipates staying for 5 to 7 months. Source.
Nubank executives talk credit strategy in Latam. The fintech has a portfolio of $20 billion comprised of personal and credit card loans.
Oakam has originated more than 420,000 loans and over $275mn to customers with little or bad credit; the UK based lender uses credit bureau data and alternative data including network associations, behavioral data and chat data between potential customers and their agents; the combination of the data sources has allowed them to better asses risk to a client base mostly ignored by traditional financial firms. Source.
E*Trade is edging closer to digital asset trading Why People Don’t Switch Banks Anymore What Has Fintech Done, To Make...
Según datos presentados por Vitalik Buterin, basados en el total de la dificultad del terminal y el número de hashes que aún quedan por minar, predice que el 15 de septiembre podría ser la fecha en la que la actualización denominada Merge (Fusión) se lance en Ethereum.
Congress wants to extend PPP, lenders ready to move on Groundfloor Says Q2 was a Record Quarter Broadhaven Ventures’ Michael...