News Roundup Archives | Page 323 of 715

According to a new report from Accenture, nearly half of investment in insurtech startups globally is going towards artificial intelligence (AI) and internet of things (IoT) technology; the report, titled, "The Rise of InsurTech," includes analysis from CB Insights data on 450 insurtech deals over the last three years; the report was released with the launch of Accenture's Fintech Innovation Lab in London, which will include a focus on insurtech. Source

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Asia/Pac Europe Fintech News Roundup USA

·Aug. 4, 2020

More News for August 4, 2020

Volante

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News Roundup Online Lending USA

·Feb. 17, 2017

Lend Academy Article: OnDeck Q4 Earnings Results Review – Announces Layoffs and Focus on Profitability

OnDeck released their Q4 earnings and also announced a reduction of 11% of its staff; the company added $19 million to their loss provision expenses in part due to underperformance seen in 15+ month loans; OnDeck is focused on being adjusted EBITDA positive in 2017 with GAAP profitability in 2018; originations were $632 million for Q4 2016; OnDeck continues to hold more loans on their balance sheet as revenue from loan purchasers remains flat. Source

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Fintech News Roundup

·Apr. 20, 2017

Low Cost Brokerage Provider Loyal3 is Shutting Down

Loyal3 recently announced the service would be shutting down effective May 22, 2017; the company provided commission free investments with a minimum investment of just $10; also offered investors a chance to access some IPOs; Loyal3 is offering several options to investors including moving securities to FolioFirst, transferring shares to another brokerage or selling shares; many people speculate that the shutdown will be a boon to Robinhood's business which offers similar services. Source

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Asia/Pac Fintech News Roundup

·May. 10, 2019