The WSJ reports that the hack actually occurred in March instead of May; the breach wasn’t discovered until July 29th and it was announced to the public on September 7th. Source
Competition in the financial services landscape is growing and today’s influx of neobanks and non-bank entrants makes it fiercer than ever. Many of these fintechs are beginning to eat away at traditional financial institutions’ market share for products and services at unprecedented levels and they are doing so by offering first-class end-to-end online customer experiences.
New York-based online banking company Ampla Technologies recently launched a new extended payment terms solution called Ampla Pay Later.
Neon's fundraising comes at a time when the banking sector has seen default rates increase in Brazil.
This week’s PeerIQ Weekly Industry Update covers the Fed raising rates by 25 bps, Affirm’s big fundraising and securitization news; PNC announced their new lending pro cuts through their mobile wallet and anticipate it will outperform branch loans; Equifax completed their first Securitization, a $200mn deal backed by lender fee revenues; PeerIQ does a deep analysis on the Sharpe Ratio which helps to gauge risk-adjusted returns. Source.
México es el segundo país receptor de remesas a nivel global, con poco más de 51 mil 585 millones de dólares.
Ticket Camp, one of Japan's most popular ticket marketplaces, has announced it will accept bitcoin payments starting on August 17; the website's bitcoin payments are processed by one of Japan's largest bitcoin exchanges Coincheck; Japan started to recognize bitcoin as a legal method of payment in April 2017. Source
Superdigital sacó su licencia para expandirse en México. PrimeTime también logró el visto bueno de la CNBV, que está poniendo lupa sobre los solicitantes
The platform grew 104% year over year; its investor base includes banks, pension and infrastructure funds, family offices and private clients; According to the company, LendInvest has the largest institutional funding base of any European Fintech lender on record; the platform offers loans made to professional property investors and developers. Source
The co-founder and co-CEO of Digits, Wayne Change, discusses what is wrong with small business finance tools and why a complete rethink was needed.