Digital wealth management startup Wealthsimple raised $75mn from the digital investment arm of Germany’s Allianz, Allianz X, along with early...
The Central Bank of Russia has created a working group with experts from the country's crowdfunding platforms in order to develop a regulatory framework for the crowdfunding industry; the working group will develop regulatory proposals for submission to regulators during the regulatory framework development process; the Russian market appears to be taking a proactive approach as the industry is emerging with 500 million rubles (USD 7,748,755) in total liabilities. Source
Technology changes, but consumer needs rarely do. All we want is access to varied, unique inventory and more convenience — commerce technology has...
SoFi reported record earnings and loan volume in the second quarter with revenue of $134 million, adjusted EBITDA of $61.6 million and loan volume of $3.1 billion; in earnings comments, SoFi's CEO, Mike Cagney, was more optimistic about a public offering, mentioning it as a part of a long term plan involved with the search for a new CFO; Cagney also discussed options for offering banking products and said he was optimistic about the approval of the company's application for an industrial loan charter. Source
Regional banks have taken a beating - fintechs' customer centric flexibility may provide an answer to their flawed system.
With Figure in the news this week completing their first securitization using blockchain we thought it would be interesting to...
Trust Stamp, who focuses their business on identity authentication that leverages artificial intelligence and blockchain technologies, just raised a new round of funding from Second Century Ventures; the amount of the funding has yet to be disclosed; Trust Stamp uses artificial intelligence software to comb through public records and social media data to provide ID verification to real estate professionals who meet new clients; the new funding will help them to continue building out their technology and integrate blockchain into their processes. Source
As economic conditions worsen, Nucleus has launched Pulse, providing SMEs with critical insights on their business health.
Nick Ogden has been around fintech longer than just about anyone; he founded Worldpay in 1997, a company that was...
One of the biggest trends within banking and fintech is how will companies figure out how to shift their focus...