The insurtech industry is expected to grow significantly in 2017; insurtech startups are increasingly seeking to take advantage of a $4.5 trillion industry through new offerings and technological innovation; big data, Internet of Things, mobile technology, artificial intelligence, social networking and blockchain are some of the technologies driving startups in insurtech; Let's Talk Payments provides a list of 101 insurtech companies currently evolving in the insurtech business. Source
The FT is reporting that growth has slowed dramatically in recent years for Amazon’s small business lending operation; citing the...
Members of the Peer-to-Peer Finance Association are approaching £10 billion in lending; Peer2Peer Finance News digs into the companies with...
Financial institutions are experiencing an unacceptable rate of digital account opening abandonment due to slow and broken processes.
UK digital bank startup Monzo has listed a new crowdfunding campaign on Crowdcube and is seeking to raise 2.5 million British pounds ($3.09 million) as part of a broader fundraising for a total of 22 million British pounds ($27.18 million); Business Insider provides details on growth plans outlined in the crowdfunding campaign; Monzo is currently showing a seven year plan to an initial public offering which will include an estimated 75 million British pounds ($92.67 million) in new capital in the next five years; Monzo says it will raise capital again in May 2018 and it expects to report a profit after 2020; the firm has been granted a banking license and will begin offering deposit accounts as well as overdraft lending which it expects to help improve profitability. Source
One of the key components for open banking is being able to access data from other providers around the clock;...
When it comes to laying the groundwork for success in 2019, and beyond, the only New Year’s resolution banks and...
It turns out, like many Central American countries, Guatemala is a hot market for fintech, with a GDP of $77.6 billion in 2020, making it the second-largest economy in Central America and the Caribbean.
This is a guest post from Mike Gunderson, Founder and President of Gunderson Direct Inc.; they currently work with many...
Metamask shares their official guide on what investors should expect when participating in a token sale for the first time; provides tips to ensure understanding of the projects, prerequisites to participate and how to avoid fraud. Source