News Roundup Archives | Page 598 of 715

A New York Times article featuring Ryan Feit of SeedInvest identifies some of the high risks involved with equity crowdfund investing; Feit provides some insight on his platform's due diligence process for listing equity crowdfunding campaigns; noted in the chart below, SeedInvest has posted two of the market's top ten investments; according to NextGen, Wefunder has been the source for the equity crowdfunding market's most successful campaigns. Source

NY Times Equity Crowdfunding Chart

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Fintech News Roundup

·May. 3, 2018

Ontario Government to Allocate to P2P Platform

Under the pilot project in partnership with Lending Loop the Ontario government...

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Europe Fintech News Roundup

·Jun. 14, 2019

P2PFA Reveals Detailed Data on Member Loan Books

The UK peer to peer lending trade body, the P2P Finance Association,...

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Fintech News Roundup USA

·Oct. 26, 2017

McKinsey Report Says Banks Should Fear Amazon

In its annual banking report McKinsey & Co. said there is the potential for 40 percent of revenues that could be at risk by 2025 from firms like Amazon entering the space; Asheet Mehta, one of the authors of the McKinsey report, said in an interview reported by American Banker "E-commerce and tech giants are under pressure to keep increasing revenue, and financial services is a large pool they can go after. We're starting to see that." Source.

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Asia/Pac News Roundup Online Lending

·Mar. 16, 2017

Yirendai Appoints Dr. Yichuan Pei as Chief Credit Officer

Yirendai announced the appointment of Dr. Yichuan Pei as chief credit officer; Dr. Pei was recently vice general manager of Ping An Bank in Shanghai; "Dr. Yichuan Pei is a highly regarded credit expert with extensive experience in the financial industry. We warmly welcome him to join our senior management team. With Dr. Pei assuming his roles as chief credit officer, we are very confident to further enhance our market leading capabilities of credit underwriting and risk management," said Ms. Yihan Fang, chief executive officer of Yirendai. Source

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Europe Fintech News Roundup

·Jan. 21, 2019

New Report on Sanboxes and Innovation Hubs in Europe

The report from the European Securities Markets Authority, the European Banking Authority...

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News Roundup

·Sep. 17, 2020

Fitch Upgrades Outlook for Canadian Banks

Fitch Ratings has upgraded its outlook for Canadian banks from negative to stable; cites solid risk management, increasing profits and better than expected capital positioning as factors for the upgrade; says recent regulatory changes, slow GDP growth, high household debt and decreasing home prices are still concerns for 2017. Source

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