Total loans at banks fell by 1.5 percent during the first half of June, according to data compiled by the...
Online lending has been maturing the last few years with more companies reaching scale and some beginning to be profitable; banks have diversified their partnerships with online lenders and in some cases have launched their own online brands; one of the big shifts in the last few years is that banks and fintech companies are not seeing each other as enemies anymore, they can and do exist together through a number of different means. Source.
The IMF report is both right and wrong on cryptocurrencies. Bitcoin and crypto are indeed shaking-up the current world order; but doing so for the better, affirms the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations.
N26 is launching soon in Brazil. We talk with CEO Eduardo Prota to find out how N26 will stand out in the competitive digital banking industry there
In September, Comptroller of the Currency Thomas Curry discussed his proposal for fintech regulation which he said would likely include a fintech charter; on Friday, Thomas Curry is expected to announce his plans for the fintech charter; potential provisions to be included with the fintech charter announcement include receivership powers which would provide support from the government if capital funding fails. Source
Brazil's PayHop announced that it received a R$11.5 (US$2.2) million investment round led by Serasa Experian's investment arm.
The world's central banks are turning towards CBDCs and real-time payments. FIS has launched infrastructure to support them.
China's major bitcoin exchanges halted trading on Friday, January 13 and the platforms are updating their trading terms; some have yet to reopen and others are operating with trading restraints, reports CoinDesk; the changes follow discussions between Chinese bitcoin exchanges and regulator People's Bank of China. Source
South Korean entrepreneur Do Kwon is betting billions on the idea of bitcoin becoming the "reserve currency" of the crypto economy.
Banking Technology took a close look at Citizens Bank in their February issue and found the Boston based bank to...