The problems at Celsius appear to have started years before it began freezing customer assets, according to employees and internal documents seen by CNBC.
Oliveira reportedly told staff earlier this week that he would be leaving Revolut in the next few months.
Cryptocurrency exchange Coinbase has been hit with a class action lawsuit that alleges insider trading during their launch of bitcoin cash; the plaintiffs are accusing the exchange of tipping off insiders prior to the official launch; prices of bitcoin cash spiked ahead of the launch and Coinbase did say they would conduct an investigation into the matter, plaintiffs claim the results have yet to be revealed. Source.
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The partnership is with Bud through first direct and will offer an integrated offering of financial services products and tools across the market; Raman Bhatia stated, “At HSBC we recognise that the sector needs to innovate to meet changing customer needs and we’re investing significantly in digital innovation, including working in partnership with fintechs such as Bud” Source
Blockchain technology would help to make data and privacy more secure as those aspects are considered central to the way blockchain technology works; the three main advantages of using blockchain are blocking identity theft, preventing data tampering and stopping distributed denial-of-service (DDoS) attacks; each of these advantages are now beginning to be looked at for solutions in banking, storing government data and protecting consumer information from hacking attacks. Source
Nubank executives talk credit strategy in Latam. The fintech has a portfolio of $20 billion comprised of personal and credit card loans.
Zopa's Chief Product Office Andrew Lawson told investors last week they launched a new credit risk scorecard; the scorecard is meant to better help the platform assess borrowers and what is behind their approval/denial; Zopa has seen higher than expected losses and has also cut down on lending to higher risk customers; Lawson explained how the new model will use traditional credit methodology mixed with data science. Source.
Kafene’s financing platform allows consumers to access funds to purchase appliances, electronics, furniture, and other goods at participating retailers across the U.S. The company’s mission is to extend credit-like services for people to build credit on flexible terms without creating debt, as...
Ebury, the global FinTech specialising in international payments, is preparing to accelerate growth in Latin America following the positive opening...