Tribal Credit's Chief Product officer Arvind Nimbalker said the firm is enjoying a lot of demand for b2b crypto, and they aim to add Defi.
China’s top ride sharing app Didi Chuxing has made the move into financial services by offering car insurance, personal loans and a...
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
Fintech Scotland publishes a roadmap to drive innovation in response to the Kalifa Review's recommendations for national financial inclusion.
The London-based startup that focuses on millennials raised 450,000 British pounds in seed funding from Passion Capital, with participation from Jason Butler; the funds will be used to build out the team and continue product development on Finimize MyLife; the company's Finimize MyLife product is a free online financial advice platform for millennials that provides anyone with a detailed and personalized financial plan guided by research and algorithms. Source
While announcing earnings for Q3 Wells Fargo and Bank of America both revealed how important digital channels are to their bottom line; BofA saw mobile banking users jump 11 percent, mobile usage grew at 19 percent and digital payments grew 9 percent in the past year; Wells Fargo saw digital usage grow 2 percent and digital sessions grow 6 percent; the digital trend shows how much banks businesses are changing. Source.
Credit Suisse is leading a blockchain project seeking to develop a blockchain-based platform for syndicated loans; Emmanuel Aidoo from Credit Suisse is leading the project which began last fall and is expected to launch in 2018; the platform would involve more efficient processing of syndicated loans which involve multiple lenders providing capital to a corporate borrower; the parties involved believe that a blockchain-based syndicated loan platform could increase deal flow by reducing costs and processing time, making syndicated loans a more attractive investment for lenders. Source
Lending Works sold to alternative investment manager Global Fintech Funding Declined during COVID-19, Investors Now Focused on Mature Fintechs like...
This week Isabelle sat down with Stacy Greiner from DailyPay to talk about the earned wage access as an alternative to high cost PayDay loans.
Reuters reports that Quorum is in discussions with ConsenSys on a potential merger according to people familiar with the plans;...