Monese, the leading pan-European fintech, is expanding its offering with the launch of a new Credit Builder service for its customers in the UK.
Lending Times reports on LendIt USA 2017's panel discussion on "The Future of Financing and Vehicle Purchases,"; auto financing is one lending category undergoing transformation with increased lending options online to make the car buying process easier; panelists from AutoFi, AutoGravity, Blinker, RouteOne and DriverUp discussed their solutions. Source
While most banks have some type of financial education strategy, few customers realize it, results of a study by Greenlight reveal.
National Australia Bank's (NAB) venture capital business, NAB Ventures has joined in an investment round raising $24 million for Veem, a foreign exchange startup business; Veem provides business to business cross border payment services with blockchain technology; NAB and NAB Ventures have been actively involved in technology investments also investing in Data Republic, Medipass Solutions and Localz; Australia is also taking a lead role in developing blockchain standards globally; it is active in the development of blockchain standards through the ISO/TC 307 and will host the first international blockchain standards meeting for ISO/TC 307. Source
Starting June 1, Klarna will share data on whether Brits paid off a buy now, pay later loan in time to the credit bureaus TransUnion and Experian.
On a mission to smooth out real-word real estate sales, Propy uses NFTs to close the entire real estate deal online. Up first: Florida.
Condor Capital Management's Ken Schapiro analyzed the market's robo adviser offerings by opening and funding more than a dozen accounts with a similar investment profile; all portfolios included an allocation of 60% equities and 40% fixed income however each followed the robo adviser's suggestions within those two categories; the results showed one year performance ranging from 10.75% to 5.55% with international holdings and bond fund variations significantly affecting the returns. Source
As economic conditions worsen, Nucleus has launched Pulse, providing SMEs with critical insights on their business health.
BOK Financial Implements Partnership With Roostify to Streamline Mortgage Process Lenders to crowdfunding-reliant firms face steep hurdles Banking Giant ING...
Cryptocurrency regulation has been embedded into broader financial technology regulation or postponed in a "wait and see" approach.