According to the Wall Street Journal, PayPal and bitcoin have been used for funding Islamic terrorist attacks in Indonesia; the virtual payments were reported to be more difficult to track; the Indonesian Financial Transactions Report and Analysis Center says terrorism financing cases have increased in the country from 12 in 2015 to 25 in 2016. Source
Monja shares a list of online lenders in the real estate space; discusses the pull back in construction financing by traditional banks and the continuing rise overall in the real estate construction sector. Source
When banks pulled back from lending to any small business perceived as risky in the wake of the financial crisis...
According to a new report by the Cleveland Fed online SMB lenders have a net satisfaction rate of 33 percent...
Online SMB lenders believe they are in a unique position to help lend to small businesses during these chaotic times;...
FundersClub is an online venture capital firm investing in startups; it has invested in 217 companies in the past four years with 19 exits; the firm has announced a commitment to disclose quarterly public reports providing more transparency in a historically un-transparent industry; the firm's investments have been successful over the past four years with a comprehensive multiple for returns on realized exits of 1.1. Source
K-Bank has gained authorization to open South Korea's first online bank; firm is an affiliate of Alibaba-owned Ant Financial; Kakao Bank is also involved in the final approval process to open the country's second online bank. Source
According to new research by the global headhunting firm DHR International, fintech companies have only 8% women directors as compared to the top 30 banks in the world who collectively have 22% women directors; while many fintech companies see their culture as more inclusive and diverse, the data shows the opposite; formerly of JPMorgan Chase and now CEO at Digital Asset Holdings, Blythe Masters understands the importance of workplace diversity, "I know what our company would look like if we weren't consciously thinking about this issue — we would only have one female director." Source
Security throughout the DeFi lifecycle remains a real challenge to mainstream adoption, and it is key to the market reaching full potential.
Security throughout the DeFi lifecycle remains a real challenge to mainstream adoption, and it is key to the market reaching full potential.