The New York State Department of Financial Services (NYSDFS) has appointed former Promontory executive Peter Marton as deputy superintendent of...
The agreement for the acquisition of NetPay had been announced in November 2022. FEMSA had owned minority shares in the fintech since 2019.
Fig is an alternative to the predatory loans that are often offered to low-income borrowers; now they are the first...
Fintechs in Mexico draw funding to cater to underbanked SMEs and individuals. Kapital tapped $65 million, while Stori secured $50 million.
After launching as savings product two years ago the app only bank is approaching £1bn ($1.3bn) in deposits; after disclosing in March they were at 17,000 customers and over £500mn ($663mn) they have seen a significant acceleration in growth; they also reported growth in small business loan applications and mortgages. Source.
Singapore is currently evaluating more than twenty applications for five digital banking licenses but many believe those approved will struggle...
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Fundrise is promoting investment in its Fundrise Starter Portfolio; minimum investment is $500 with a 9.25% annual dividend yield and no advisory fees; the Fundrise Starter Portfolio includes investment in the Fundrise Income eREIT and Growth eREIT. Source
Junheng Li, founder of an independent research firm focused on Chinese companies provides an update on lending in China with the recent news of tightening regulation. Source
The San Francisco based blockchain startup has more than 100 institutions using its RippleNet payment network “The technology we have, and the vision we have, is proven," Marcus Treacher, Ripple's global head of strategic accounts tells American Banker. "We've gone from theory to hard-nosed production, and that's a big event.”; the two way protocol allows for banks on both sides of the transaction to verify funds and fees. Source.