News Roundup Archives | Page 10 of 715

Over 50% of Americans can not afford an unexpected expense of $400; at LendIt USA 2017 we hosted a fireside chat focused on helping Americans save; a key area that companies look at is an individual's spending as a way to help change their behavior to save more; round up from the everyday coffee you buy or set goals through your lifestyle; each way can help individuals to better set aside money when needed, as well as invest for the future; technology today allows for companies to better help individuals who thought they were left out of the investment community; the chat also focused on why they believe as a startup they can help to solve the financial inclusion question as opposed to the incumbent banks; the discussion also touched on the future of their businesses, current partnerships with top consumer brands and potential add ons for their current product offerings. Source

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Europe Fintech News Roundup

·Sep. 22, 2017

Moody’s Analytics Launches Portal to Share Borrowers’ Financials and Credit Rating with Lenders

Moody's new portal called MARQ will automate exchange of financial information between borrowers and lenders; new portal will also generate the MARQ small business credit score; score is based on Moody's RiskCalc models for analyzing private company credit risk.

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Fintech News Roundup

·Nov. 1, 2016

Does the Future of Robo Advisors Include Facebook and Google?

Analysts at asset manager, Bernstein, believe the future is bright for robo advisors; in a recent client memo the firm concluded that BlackRock and Fidelity will eventually incorporate them into their business and technology giants Google and Facebook could be their main competition; though the current disruption from robo advisors is minimal, the largest one has $60 billion AUM as compared to Fidelity with $5.1 trillion AUM, the technology is what will be most useful for the wealth management industry; you have already seen big names like Deutsche Bank and UBS launch robo advisors, while BlackRock and Invesco have made acquisitions of the technology. Source

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Europe News Roundup Online Lending

·Mar. 28, 2017

Russian Digital Finance Company ID Finance Partners with Mintos

ID Finance has partnered with Latvian marketplace lender Mintos to list its MoneyMan loans on the platform's marketplace; current loans will be issued to Spain ranging from EUR 300 ($326) to EUR 1,200 ($1,304) with a repayment period of 30 days to 4 months; ID Finance is the first network originator to offer Spanish listed loans on the Mintos platform providing for enhanced cross-border diversification. Source

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Fintech News Roundup

·Jan. 20, 2017

New Fintech Consortium to Focus on Data Sharing

Fintech industry companies have joined together to form a new industry group, the Consumer Financial Data Rights group; the group will support unrestricted consumer access to consumer data facilitating innovative financial products and services. Source

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Fintech News Roundup USA

·Apr. 3, 2019

OnFido Announces $50 Million Round

The round was led by Softbank Investment and Salesforce Ventures; the company...

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Fintech News Roundup

·Sep. 19, 2017

Qudian Files for US IPO

China-based Qudian said on Monday it has filed with the SEC to raise up to $750 million in an initial public offering, planning to to list on the NYSE under the symbol QD; Qudian plans to use net proceeds for strategic acquisitions and marketing and borrower engagement; Qulian provides small loans and installment-based financing for e-commerce in China. Source

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