The collaboration may work because the foundational items necessary for success in SMB lending are akin to those in consumer lending – namely modern digital customer experiences, data aggregation, process automation and risk-based analytics.
Banco anuncia área de ativos digitais e plataforma para transformar ativos do mundo real em tokens no ambiente digital - a chamada tokenização...
A number of new smartphone apps are now available with varying methods for inspiring consumers to save; apps such as Stash, Acorns, Digit, Qapital and Long Game are making it simpler and easier to make incremental savings deposits and investments through automated technology; with these new apps, investors can automate the investment of unused cash and round up purchases, saving extra pennies. Source
The European Commission is developing new legislation that will help fintech companies, in particular crowdfunding sites and online lenders, operate and scale across single market member states; the idea is meant to create a digital single market, removing what some countries add on within their jurisdiction; this move could help propel funding for fintech companies and increase their ability to compete with companies in the US and Asia. Source.
A record number of Americans experienced identity fraud in 2017, that represents an 8 percent increase from 2016; according to a study by Javelin 16.7 million people were hit by identity fraud; the rate of increase for identity fraud has slowed from 2016 but Americans that were notified about a breach also went up 30 percent; fraud prevention has become one of the main topics in fintech and banking as companies look to leverage new technologies like AI and blockchain for solutions. Source.
Deloitte has identified the need for developing auditing standards for blockchain as the technology becomes increasingly tested and utilized across all industries; the firm has checked blockchain protocols and applications against professional auditing standards in a project that audited an internally developed loyalty points blockchain application on a permissioned Ethereum network; the firm is currently seeking to be a market leader in defining how an auditor can provide audited assurance of blockchain applications. Source
People can unlock the power of their IRA and 401K accounts by gaining the ability to purchase private and alternative investments.
ING Bank has come to a 5 year agreement with R3 that will allow the bank to have an unlimited...
- Todd Kushman Joins Victory Park Capital as Head of Capital Markets
- Tamarack Consulting Expands Team with Five Hires
- BB&T commits $50 million for fintech investment
- The Top Ten Fintech Predictions for 2018
- Vanguard vs. Fundrise: Which is the Better Investment Option?
- Zopa Lending Queue: When Will Zopa Re-Open to New Investors?
- Roofstock Announces $7 Million In Additional Funding: Learn How The Startup Makes Property Investing Easier
Credit and debit cards backed by cryptocurrencies are on the verge of going mainstream. Use of Visa and Mastercard's platforms is key.