Bloomberg reports on the possibility of ride-sharing companies getting into financial services; Grab is a leading ride-hailing company in Southeast Asia; app users can now start sending credits which are used to pay for rides to other users; by the end of 2017 credits will be able to be used at 1,000 restaurants and retailers, turning Grab into much more of an e-payment platform than just a taxi service; in Indonesia, the 200,000 drivers of Go-Jek can use e-wallets to store their earnings and also spend funds on a variety of services; article also shares innovation in Kenya with M-Pesa as well as China's Alibaba and WeChat. Source

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Fintech News Roundup Real Estate USA

·Apr. 18, 2017

Unison Speaks with Crowdfund Insider

Unison offers a unique solution to help homebuyers purchase their home; company provides up to half of the down payment to purchase a home and stands to benefit if the home value increases; product is available in 13 states with 8 lenders and the company is close to one thousand deals completed with an anticipated three thousand additional deals in 2017; chairman and co-CEO Thomas Sponholtz answers other questions about the platform from Crowdfund Insider. Source

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Fintech News Roundup USA

·Dec. 5, 2017

Acting CFPB Head Backs Congressional Rollback of Payday Lending Rule

Acting CFPB Head Mick Mulvaney said he thought the payday lending rule was too far along for the agency to change but that he supports a congressional rollback; the Congressional Review Act gives Congress 60 days to nullify a regulation; Mr. Mulvaney is currently involved in a dispute over whether or not he can run the agency on an interim basis and he said he anticipates staying for 5 to 7 months. Source.

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Fintech

·Apr. 21, 2023

Salt Labs looks to spice up wealth building for the hourly worker

After helping workers get paid faster at DailyPay, Jason Lee and Rob Law want to help now them build wealth at Salt Labs.

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Europe Fintech News Roundup

·Nov. 1, 2017

Victory Park Capital Continues Exit of Marketplace Lending Exposure

The VPC Speciality Lending investment trust sold it’s exposure to Avant loans and their equity stake as it continues a move out of the sector; the fund has been shifting to a balance sheet strategy for quite some time and this is another indicator of that move; they also sold their equity exposure in Australian point of sale lender zipMoney. Source.

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Fintech

·Nov. 28, 2022

Embedded tax solutions – the next step for super apps?

The annual slog of tax returns is an inevitability. Integrated tax assistance could be a opportunity to reach fintech super app status.

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Europe Fintech News Roundup

·Mar. 24, 2017

Digital Banking Landscape in France

Business Insider provides data on the number of challenger banks by country; this week Carrefour Banque, a subsidiary of Carrefour, that also operates a multinational retailer, shared that they were launching a new current account under the name C-Zam; the retailer operates in 30 countries and has over 1,000 stores in France which puts them in a unique position to acquire customers; other players prevalent in the French market include BNP Paribas which launched Hello Bank in 2013 and ING Direct which launched in 2010; startups Qonto and N26 also operate in Europe. Source

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