Nuggets has been chosen by the UK government and the Mayor of London to embark on two trade missions to China this year. The missions are a way to build new business opportunities between Britain and China. Source.
PeerIQ’s weekly newsletter discusses the big banks which reported Q4 2018 earnings last week; volatility had an effect on trading...
Amazon is fast becoming the financial services company of the future; they now have their hands in payments, cash, small business lending, consumer credit and more; partnerships with companies like USAA and Capital One who use Amazon's Alexa digital assistant have emerged; this all shows the threat Amazon poses to traditional banking giants, though there has been no indication they want to become a bank themselves; JPMorgan Chase has started using Amazon's cloud-based AWS service to build a hybrid private-public cloud strategy; AWS sales increased 42% on a year-over-year basis to $4.1 billion for the second quarter; banks are starting to become technology firms and technology firms are helping to change the way banks operate. Source
Genesis Publishes Q4 Report on Digital Assets: Crypto Lending Tops $50 Billion. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain
Some of biggest bitcoin miners in China have reportedly been looking to set up operations in other Asian countries; there has been conflicting reports out of China is the last week as to what the country is doing when it comes to mining operations; the PBOC has not made official comments yet and the mining overall doesn’t look to slow down as other countries can fill the role of China. Source.
Business Insider Intelligence has released a report covering all aspects of the fintech market; says annual financing globally for fintech reached $15 billion in August which is likely to surpass the total of $19 billion financed in 2015; Chinese fintech investments and insurtech have been catalysts for growth in 2016; robo advisors and blockchain are also two of the market's rapidly growing, emerging technologies. Source
"Crypto is certainly here to stay as an asset class," Robinhood CEO Vlad Tenev added in discussing the company's crypto wallet.
Minterest follows a disciplined approach in developing its decentralized finance lending protocol, one born from its founder's experience.
BBVA Compass says there is plenty of room in the market for the bank to wade into online unsecured consumer loans; Shayan Khwaja, BBVA Compass' executive director of consumer lending, told American Banker, “We’ve seen the asset class grow, and fintech has shined a light on how we can take this value proposition to the consumers. The general population is fairly savvy with digital products. They’re not just used to it, but they’re demanding it.”; the move follows Barclays and PNC who have recently launched into the same market; analysts are not as bullish on the moving citing fraud concerns and the recent spike in personal loan losses.
Earnin operates in the earned wage access space; they are going the B2B route, partnering with employers to offer benefits...