Checkout.com has raised a $150mn series B round which triples their valuation to $5.5bn; the round was led by Coatue,...
Blockchain technology is being applied across a range of industries and the utilities sector is testing its use in a number of different ways; in utilities the use of a centralized ledger has many possibilities; industry professionals are testing the tracking of energy distribution and researching new ways of tracking solar and renewable energy; peer-to-peer energy tracking is also a new concept being tested with blockchain; trading flexibility is another area of research that could help improve industry efficiency; as these solutions evolve, industry standards are being developed to ensure consistent use and compliance and it seems that the large incumbent providers have the greatest advantage in developing new technology solutions. Source
In an evaluation of the mobile banking apps of 24 large banks and fintechs, Chase, Citi, Bank of America, and Capital One came out on top.
Shares fell sharply Friday after the company said spending increased 14% in the fourth quarter and will climb by another 8% in 2022. But CEO Jamie Dimon said the investments in marketing, technology and talent are necessary to ward off threats from traditional banks and upstart fintechs.
Alloy, the recently named unicorn, has expanded its identity decisioning platform to include credit underwriting, with the intention of building comprehensive views of customers in line with their onboarding and transaction monitoring products.
A letter from the Office of the Comptroller of the Currency stated that bank custody services, which have long been...
MoneyMe is an Australian consumer lending fintech focused on the millennial market; Fortress Investment Group led the facility which also included Evans & Partners; Clayton Howes, CEO and Co-Founder of MoneyMe stated, "A capital investment of this magnitude is recognition of the strength and depth of our value proposition, and an indication of the strong potential for Australian fintechs to capture serious wholesale market funding." Source
The LIM Asia Special Situations Master Fund has increased its ownership in the Ranger Direct Lending Fund to 9.2% from 5.48% reported in July; the Ranger Direct Lending Fund is primarily focused on high yield direct lending platforms; it has recently been troubled by its exposure to losses from marketplace lending platform Argon Credit which it invested in indirectly through the Princeton Alternatives Fund. Source
The CEO and Founder of Juvo shares how he plans to bring billions of unbanked people into the financial system for the first time. Source
Charlotte Crosswell arrives with a hard line against the organisation’s past failings.