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Fintech

·May. 24, 2018

Federal Reserve Report Shows Why Small Businesses Seek Financing

The 2017 Small Business Credit Survey from the Federal Reserve shows that nearly 60 percent of small businesses applied for financing...

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Asia/Pac Fintech News Roundup Real Estate

·Apr. 19, 2017

CreditEase and Tishman Speyer Partner for Global Investment

New York-based commercial real estate developer Tishman Speyer has partnered with CreditEase Wealth Management to invest $1.4 billion in China and other countries within the next three years; according to Tang Ning, CreditEase founder and CEO, the partnership will focus on long-term development, providing clients with globalized and diverse portfolios. Source

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Fintech News Roundup

·May. 15, 2018

DBS Bank Takes on China’s Biggest Fintech Firms

DBS Banks has been in the midst of changing the way the bank operates, culturally and competitively; they now find...

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Fintech News Roundup USA

·Oct. 31, 2017

Lend Academy Article: LendIt USA Returns to San Francisco in 2018

LendIt is returning to the west coast next year for LendIt USA 2018; it will take place on April 9-11 at the Moscone Center; this year we are focusing on three core areas: lending, digital banking and blockchain; new for 2018 is the BlockFin Summit which will take place in a dedicated space within LendIt; it will cover a wide variety of topics including: enterprise blockchain using digital ledger technology, global finance built on AI and blockchain, tokenized VC and investment banking, blockchain infrastructure for markets, trading, and back office, decentralized banking and insurance, and crypto-economics; early bird pricing ends this Friday, November 3.

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Fintech

·Apr. 11, 2022

Solidus Labs releases financial risk hub, HALO

Solidus Labs launches its financial risk assessment platform HALO, assisting in the integration of crypto and DeFi into the financial market.

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Fintech News Roundup USA

·Aug. 25, 2017

Bank of America Merrill Lynch Implementing AI

Bank of America Merrill Lynch says they are implementing HighRadius, an enterprise software AI solution to speed up reconciliation of receivables; they specifically are looking to focus on the bank's largest business clients; HighRadius uses AI, machine learning and optical character recognition to match a payment to a receivable; this will help cut down on some of the labor intensive work and more efficiently be able to send payment reminders to clients; BAML is the latest bank using AI to improve processes and cut cost. Source

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Fintech News Roundup

·Sep. 1, 2017

PBoC Officials Visit San Francisco Federal Reserve Bank and Blockchain Companies

On August 23 and 24, officials from the People's Bank of China and scholars from Peking University arrived in San Francisco and had in-depth discussions with delegates at the Federal Reserve Bank of San Francisco as well as some fintech companies including Coinbase, Prosper, Sofi, Circle and Ripple; discussion topics focused on digital currency, regtech, lending and inclusive finance; Sun Guofeng, the head of the Research Institute of PBoC, and Yao Qian, the head of Digital Currency Research Institute of PBoC, attended the tour; a report on the status quo of US fintech market, regulatory environment and its implications on China will be written after this visit. Source (Chinese)

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Fintech News Roundup Online Lending

·Jan. 5, 2017

Banking and Lending Represent Majority of Fintech Funding Deals in 2016

Data from Financial Technology Partners reports over 1,500 funding deals from over 1,700 investors in 2016; these deals accounted for $36 billion in fintech financing; data by fintech category can be seen in the chart below with banking and lending companies accounting for 29% of the year's total deals; payments, loyalty and ecommerce accounted for 22%; securities, capital markets and wealth management also reported substantial interest from investors with 19% of the deals funded. Source

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