The identity verification and authentication startup, Incode, is backed by General Atlantic, SoftBank and J.P. Morgan
Truework, a fintech company that provides income and employment verification for the nation's largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, today announced it raised $50 million in Series C funding.
San Francisco real estate investment platform Income& has been selected as one of 24 startups to participate in the sixth Plug and Play Fintech Accelerator; the Plug and Play Fintech Accelerator is a 12-week accelerator program that provides for access to Plug and Play's extensive network of leading banks and financial institutions; the Plug and Play Fintech accelerator will support the development of Income&'s Prime-Rated Individual Mortgage-Backed Obligation (PRIMO™) product which is broadening fixed income investment alternatives by providing a product that allows investors to invest in portions of secured mortgage loans. Source
New York City mayor-elect Eric Adams plans to take his first three paychecks in bitcoin, in the politician’s latest move to give Miami a run for its money as one of the country’s top destinations for crypto enthusiasts.
Contactless payments are on the rise as we all practice social distancing and self isolation to stop the spread of...
Dow Jones has released its European Venture Capital Report for the fourth quarter; shows venture capital investment in Europe increasing from the third quarter of 2016 and also from the comparable quarter in 2015; European companies raised approximately 2.93 billion euros ($3.11 billion) from 539 deals in the 4th quarter, a 35% increase from the previous quarter; the number of deals also increased by 9% from the third quarter; the UK was a market leader for investment with 122 deals totaling 754 million euros ($799.35 million). Source
Potentially the answer to the controversy swirling around payday lenders and overdrafts, can this nascent product be regulated appropriately?
In the United Kingdom, Her Majesty’s Treasury will not provide accredited non-bank lenders access to the Bank of England’s capital...
Finance Minister Nirmala Sitharaman noted the moves during the country's annual budget speech to Parliament.
The Securities Exchange Board of India (SEBI) has announced the formation of an advisory committee focused on fintech; development of the advisory committee follows the demonetization of the country's currency and lack of regulation instituted by federal government officials in regards to the P2P lending industry and fintech in general; the advisory committee will include representatives from across the entire fintech sector; a key initiative for the committee will be to mobilize household savings from India's consumers through new risk capital and debt investments. Source