Bitcoin prices surged 10% on Monday as sanctions were imposed on Russian institutions including its banks — in response to Russia's invasion of Ukraine.
The controversial cryptocurrency project that Mark Zuckerberg once defended in front of Congress is unraveling after regulatory pressure.
Biometric authentication is becoming increasingly utilized; a few factors could help it become more integrated into mainstream technologies; an American Banker article suggests that devices need to be more compatible, consumers would need to be more accepting, multiple options need to be offered and the recognition needs to be simple; big strides have been made in 2016 however barriers to mainstream use still remain. Source
After hitting profitability last year, MarketFinance is continuing to target unicorn status.
Capital One spent 81 percent more on marketing in Q4 2018 than it did in Q4 2017 and Discover’s marketing...
Quontic punches above its weight 13 years after launching as a community bank on Long Island, and it recently launched in the metaverse.
MarketInvoice inked another bank deal with Varengold Bank AG for £45mn ($60mn) in debt funding; according to AltFi MarketInvoice's capacity to take on institutional money has increased four fold since 2014; MarketInvoice have funded over 70,000 invoices and lent out over £1.5bn ($2bn). Source.
UK based invoice financing fintech MarketInvoice has raised a fresh $72mn in capital, $33mn in equity and a $39mn debt...
AltFi reports on the new deal where Varengold Bank AG will provide £45m annually to the platform; Varengold is a German private bank which was granted a commercial banking license in 2013; MarketInvoice recently signed a similar partnership with Banco BNI Europa earlier this year. Source
The company passed £1bn in 2016 after 5 years and booked another £1bn in just 14 months; part of their success in increasing originations has been due to two new products, confidential invoice discounting and business loans; their larger institutional investor base has also allowed them to fund larger businesses with bigger funding requirements; in 2017 the firm lent £714.2m to businesses. Source