Frank Rotman, a founding partner at QED Investors, pens the popular Fintech Junkie blog and in his latest article he...
Focusing just on the payments space, there are many folks making forecasts for 2022. Here are the highlights. The Financial Brand lists seven major trends for 2022: The ‘P2P’ Wars Will Continue Unabated Despite All the New Stuff, Cards (and Cash) Roll On BNPL: The Payments Wild Card It’s A Wallet! …
The Financial Times’ Lex column explains that the P2P market in the UK can learn a great deal from the 2016 experience in the US; as lenders continue growing and look to achieve scale they should be careful to not overdo it; while troubles have occurred in the UK they have not reached the same level and lenders need to be sure to preserve credit quality. Source.
LendingClub announced today that they will no longer be originating small business loans themselves; instead, they will be creating a...
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We spoke with the seasoned fintech investor about his latest bet on Tabs, which just announced its $55M Series B...
US fintech Square reported $16.4 billion in gross payment volume, a 32% gain from 2Q16, as the company attracted larger sellers and increased product usage through cross selling; revenue was $552 million, increasing 26% from 2Q16; earnings per share were $0.07, increasing from $0.02 in 2Q16; the firm's lending business, Square Capital, reported a 68% year over year increase in loan volume for the quarter. Source
Oil blockchain platform signs up most North Sea traders How Mastercard’s FinTech And Data Science Increase Opportunities For Women And...
New fintech startup Lightyear today announces the launch of Lightyear Profiles, a way for investors to share high-level details about their portfolio with friends.
The Monetary Authority of Singapore (MAS) has reported successful use of blockchain in inter-bank payments; the MAS blockchain inter-bank payments project began in November 2016 and was tested in partnership with R3 and a consortium of financial institutions; Deloitte will provide a report on all aspects of the project and its successes; MAS has reported a continuation of blockchain testing, next in fixed income securities trading and settlement at the Singapore Exchange and also in cross border payments using central bank digital currency; the country's active role in blockchain technology testing is also likely to influence the UNCITRAL Working Group IV which meets in April and is leading initiatives around a legal framework for cross border transactions which is likely to be based on blockchain technology. Source
The fintech ecosystem in Latin America and the Caribbean has doubled in size in the past three years, with trends showing signs of maturity.