BNPL credit models are growing in Latin America's fintech sector, with major investments recorded even as rising rates deter risk appetite.
WSJ published a story on China’s consumer credit rating ecosystem: the fact that China doesn’t have a widely accepted system to gauge individual’s creditworthiness leads technology giants (Ant Financial, Tencent among others) to developing their own credit-rating systems, but none of these projects has emerged as a single nationwide standard either yet; problems with generating credit scores in the private sector include data accuracy and privacy; the story says the lack of a single accepted standard is holding back the growth of borrowing among rising middle class in China. Source
There has been a lot of bad news for fintech firms when it comes to diversity in the workplace and now a new census from Australia shows that this issue is worldwide; 75 percent of fintech employees are male according to the EY; while speaking at a fintech event Lynda Coker, Founder of CreateCultivate, pointed to some key ideas which could help increase hiring of women and diversify the workplace. Source.
Lama AI, an intermediary SMB lending exchange for banks, announced a $9 million seed round led by Viola Ventures and Hertz Ventures.
PNC, Bank of America, JPMorgan, Wells Fargo and Citi have all introduced automated projections for commercial clients in recent months. Fintechs that cater to small businesses had pioneered the niche.
Recent analysis from London-based Nickel Digital Asset Management reveals 20 listed companies with a market cap north of $1.0 trillion have around $9.6 billion invested in Bitcoin. They originally spent $5.9 billion buying the cryptocurrency. North American corporations dominate the listed company investment in Bitcoin
The European Fintech Association (EFA) has launched with six founding members: Funding Circle, Raisin, Finleap, Transferwise, Moneyfarm and N26; these...
Insurance and insurtech companies are seeking synergies in the industry as technology is evolving; at the Intelligent InsurTech Europe conference this week in London, industry participants discussed the many ways companies are partnering and developing new services; the industry conference revealed many large companies are investing in insurtech through incubators and direct investment; in-house innovation labs are also a prevalent trend occurring with large insurance companies; most large insurance companies are finding it important to partner and invest with insurtech companies in order to stay current with the industry’s evolving landscape. Source
A Forbes reporter shares a story about accompanying Cameron and Tyler Winklevoss on a trip to Starbucks; using a beta...
Mitsubishi UFJ Financial Group is investing over $700 million into the ride hailing company Grab; along with the investment the...