The launch of the contracts could accelerate the ongoing institutionalization of the crypto market.
The U.S. Securities and Exchange Commission has filed a lawsuit against Canadian messaging app Kik over their $100mn initial coin...
According to a report in Bloomberg online small business lender Kabbage is getting set to acquire Orchard. The companies have not yet confirmed and the cost of a potential deal is also not known. Source.
A new study by a team of computer scientists from Cornell Tech, Carnegie Mellon University, the University of Illinois in...
Mortgages shine in Castlight Financial’s open banking pilot Navigant, Ayasdi, look to machine learning, AI to combat financial crime Goldman...
Addressing an issue of trust in cross-border purchases, pay after delivery removes the financial concern of long delivery times.
The Center for Financial Inclusion (CFI) has released a report discussing financial inclusion partnerships between financial institutions and fintech companies; findings from the report were generated from 24 in-depth interviews with individuals leading financial inclusion in the industry and highlights 14 financial inclusion partnerships identified by CFI as best-case scenarios; the partnership case studies cover four financial inclusion challenges including: access to new market segments, new offerings for existing customers, data management, and deepening customer engagement and product usage. Source
Goldman CFO Marty Chavez said the bank surpassed $2bn in originations, a mark they were looking to reach by year’s end; the portfolio has an average APR of 12 percent, loans have an average length of four years and the typical amount if for $15,000 as reported by Business Insider; the company estimates they will reach $13bn in lending after three years in operation. Source.
Monzo has received a full banking license from the Bank of England's Prudential Regulation Authority and the Financial Conduct Authority; the licensing follows new fundraising that meets the banking capital requirements; it now plans to launch a current account and a current account overdraft product. Source
Yieldstreet Adds Startup Investments in Greycroft Partnership. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.