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Fintech

FintechNews Roundup
·Aug. 17, 2017

Taking the High Road, There’s a Lot Less Traffic There by China Rapid Finance’s Zane Wang

Zane Wang shares the contrast of consumer finance in the US and China from 2000 to 2017; in 2000 China had no credit bureau, no decisioning engines but there was a vast market opportunity; this is the opportunity that China Rapid Finance has capitalized on; in recent years there have been many developments in China with more people covered by the credit bureaus and in consumer finance/credit cards; Wang shares the tremendous growth potential that still exists in the Chinese market and their focus on the emerging middle-class mobile active. Source

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FintechNews RoundupUSA
·Apr. 4, 2019

Earnin is Under Investigation by NY Department of Financial Services

Fintech startup Earnin, who bills itself as an early access program for people to get a piece of their paycheck...
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Fintech
·Jun. 24, 2022

Brex says it did a ‘poor job’ explaining its decision to cut off SMBs

Fintech Brex expresses regret over the way it communicated its decision to stop working with SMBs.
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FintechNews RoundupUSA
·Jan. 5, 2018

Roostify Says We are Still in Early Stages of Online Mortgages

Roostify CEO Rajesh Bhat sat down with TearSheet to discuss the online mortgage market and stated we are still in the first quarter of the game; Roostify is an enterprise mortgage origination platform and has secured deals with JPMorgan Chase and Guild Mortgage; topics discussed include why mortgages are so hard to digitize, how banks have addressed the move to digital mortgages and how did Roostify come to be. Source.

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EuropeFintechNews Roundup
·Apr. 4, 2018

Revolut Launches Their Open API

Revolut has launched their open API for customers and they have increased their Revolut for Business service; Banking Technology reports that the company said “account owners can generate sandbox and production keys, and set whitelisted IPs as an “extra layer of security”; accounts allow users to send, hold and exchange up to 25 different currencies. Source.

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Fintech
·Oct. 21, 2021

Financial Health Pulse 2021: two-thirds of the U.S. could benefit from fintech support

The collaborators found there is plenty of room for fintech companies to innovate and improve the lives of Americans, a nation in recovery still facing inequality.
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FintechNews Roundup
·Jan. 19, 2017

Robo Advisor Wealthfront Launching Selling Plan for IPO Trading

Robo advisor Wealthfront has developed a solution that allows employees to trade accumulated shares of initial public offering stock through a platform called Selling Plan; targets employees of newly traded public companies and employees receiving stock options for compensation; employees can use Selling Plan for free to manage shares of their stock.  Source

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FintechNews Roundup
·Mar. 2, 2018

Announcements & Releases for March 2, 2018

  • Vaultbank Exchange Launches in Beta, Opening Security Tokens for Trading
  • Orix invests $60m in Chinese fintech startup
  • TigerWit Raises $5M in Funding
  • VPC and Ranger funds see dividends tick up, but remain below target
  • BondMason offers to step in on Collateral loans
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FintechNews Roundup
·Sep. 22, 2017

Bitcoin Traders in China Find Ways Around the Ban

Chinese regulators have been cracking down on bitcoin recently but traders have found a workaround; traders can use the messaging app WeChat to buy and sell coins; users are not sure how long this will last as the government is keen to shut down as much as they can; traders do believe they can stay ahead of the government by moving from app to app. Source. 

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Fintech
·Feb. 23, 2022

OakNorth works with companies seeking to ease climate change impacts

The trick is in breaking the American economy into many sub-sectors and taking a granular, forward look into the commercial loan book.
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