Oldest

Fintech

Fintech News Roundup Online Lending Real Estate

·Mar. 1, 2017

The Evolution of Home Buying: The Rise of Home Ownership Investments and What It Means for Consumers

Innovation in online real estate is creating new funding opportunities for homeowners and Unison is one of the market's leading fintech firms; in their featured blog post they provide a recent white paper titled, "A New Era for Home Buying: The Rise of Home Ownership Investments" and give insight on how home ownership financing is changing; the firm introduced home ownership investing in 2007 and has been working since then to integrate it into the US housing finance system; through Unison, home buyers receive an investment for their home that tracks with the home's value and has no financial obligations until the home is sold. Sponsored Blog Post

Read Full Story

Fintech News Roundup

·Mar. 1, 2017

R3 to Focus on Corda Platform

R3 has reported it will focus on its Corda platform; the firm was developed to create blockchain inspired solutions; in comments regarding Corda, R3 Managing Director Charley Cooper says, "It is heavily inspired by and captures the benefits of blockchain systems, but with design choices that make it able to meet the needs of regulated financial institutions."; R3 refutes any wasted efforts on blockchain research saying it never intended to use blockchain technology directly; Cooper also notes, "We've said from the beginning that while Corda is a distributed ledger platform, it is not a traditional blockchain platform and was never designed to be one." Source

Read Full Story

Europe Fintech News Roundup

·Mar. 1, 2017

UK Government Outlines Plans for Supporting Tech Post-Brexit

The UK's Department for Media, Culture and Sport has published a digital strategy report outlining its plans for the tech sector post-Brexit; the government plans to invest 17.3 million British pounds ($21.27 million) into artificial intelligence and robotics research and also reported a 1 billion British pound ($1.23 billion) program to improve internet connectivity across the UK; it will also create five international tech hubs, host a competition for fintech products and create a forum for communicating with the tech community; all of its efforts are geared towards helping the UK remain competitive in the tech industry. Source

Read Full Story

Fintech News Roundup

·Mar. 1, 2017

FST Biometrics Developing New Biometric Recognition Technology

FST Biometrics has raised $40 million and is developing a solution for facial recognition that detects your identity while you are in motion; the biometric technology presents a new solution for security identification; by detecting your identity it can be used to unlock doors and provide various other types of security access. Source

Read Full Story

Asia/Pac Fintech News Roundup Online Lending

·Mar. 1, 2017

Lufax Achieving Success in China

In business for six years, Lufax has expanded to meet a growing market demand for fintech products in China with a number of factors helping its success; beginning as a P2P lending firm with the support of Ping An the firm has been able to expand its business to wealth management and overall sees an underserved domestic market of over one billion people interested in the firm's solutions; it now has over 25.5 million registered users, RMB390.92 billion ($57 billion) of retail assets and RMB111.65 billion ($16 billion) of loans under management; it has been able to successfully navigate the market challenges with help from Ping An and is now approaching an even more global introduction through its potential initial public offering expected for later this year in Hong Kong which could raise approximately $5 billion for the firm. Source

Read Full Story

Fintech News Roundup Online Lending

·Mar. 2, 2017

LendIt USA 2017 Keynote Speakers

LendIt has announced a list of keynote speakers for LendIt USA 2017 on March 6 and 7; keynote speakers will cover the industry's most important topics and innovations; as fintech regulation and a new presidential administration influence the market, LendIt USA 2017 will also be featuring some of the industry's most influential government officials including Richard Cordray, director of the Consumer Financial Protection Bureau, Thomas Curry, comptroller of the currency for the US Department of the Treasury and Patrick McHenry, US congressman. Source

Read Full Story

Fintech News Roundup

·Mar. 3, 2017

Bond Trading Firm Algomi Reports $10mn Investment from Euronext

Euronext has invested $10 million in Algomi, a London fintech startup with a bond trading platform; the investment builds on a joint venture which includes plans for expanding bond trading capabilities in North America and Asia; Euronext has primarily been focused on stock and derivatives trading in Europe. Source

Read Full Story

Fintech News Roundup

·Mar. 3, 2017

UBS Broadly Launches Its Robo Advisor Service

UBS has broadly launched its robo advisor service SmartWealth after a limited launch in October; the solution presents another robo advisory service offering by an incumbent financial services provider; portfolio fees range from 1% to 2% with an investment threshold of 15,000 British pounds ($18,500); according to data from Business Insider, Vanguard's Personal Advisor Services leads the robo advisor market with assets under management of $41 billion followed by Schwab with $10 billion and Betterment with $6.2 billion. Source

Read Full Story

Fintech News Roundup Online Lending

·Mar. 3, 2017

Lend Academy Article: LendIt PitchIt Finalists, Where are they now?

Lend Academy summarizes the activity of past LendIt PitchIt finalists in their article; a LendIt competition for startup businesses, PitchIt provides finalists the opportunity to present their business in front of a panel of judges and an audience of investors with the goal of receiving new venture capital funding for business growth; since 2015, PitchIt has helped support the success of the many finalists detailed in the Lend Academy article. Source

Read Full Story

Asia/Pac Fintech News Roundup

·Mar. 3, 2017

JD.com Sells Finance Business

China e-commerce business JD.com has announced the sale of its finance business which is focused on payments and investments; company will sell JD Finance for 14.3 billion yuan ($2.1 billion) in cash while also retaining some share in its future profits; with the spinoff of JD Finance, JD.com's business structure will now be similar to the structure of competitor Alibaba who also focuses on e-commerce and has a stake in payments finance business Ant Financial. Source

Read Full Story