News Roundup Archives | Page 360 of 715

Blockchain consortium R3 and 22 partner banks are working to build a real time cross border payments solution on Corda; the project started last year and the banks are actively providing feedback; this is occurring while R3 and former partner Ripple are involved in a legal dispute over a previous agreement. Source.

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Fintech News Roundup

·Nov. 13, 2017

US Yield Curve Continues to Flatten

Bloomberg reports on flattening US Treasury yields; article shares how the trend could lead to effects on bank earnings, the economy and the factors leading to the flattening. Source

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Fintech News Roundup USA

·May. 11, 2020

PeerIQ Newsletter: LendingClub Earnings; PayPal Resilient to COVID-19; Square 4x Reserve Build

PeerIQ provides their perspective on the jobs report from last week which...

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News Roundup Online Lending USA

·Aug. 1, 2017

Elevate Credit Reports Second Quarter Earnings Results

Elevate Credit reported its second quarter earnings results on Monday, July 31; revenue for the quarter was $150.5 million, increasing 18.7% from the comparable quarter; earnings per share were $0.08, increasing from a loss of -$0.59 in the second quarter of 2016; business highlights noted in the earnings release included over $200 million in total principal outstanding with more than 120,000 open accounts, the launch of Elevate Labs and the introduction of the RISE line of credit product in Kansas. Source

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Europe Fintech News Roundup Regulation

·Nov. 4, 2016

LendingCrowd Gets FCA Approval

The Financial Conduct Authority (FCA) has approved LendingCrowd for full FCA authorization which allows the company to offer investments through IFISAs; the approval follows a £2.75 million Scottish Enterprise investment in the platform's small business loans last week; the FCA's last approval was in October for P2PFA member firm, Lending Works. Source

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Fintech News Roundup USA

·Feb. 10, 2020