Some of the biggest banks have started to invest greater resources in quantum computing as they hope the technology is...
China was once home to the largest p2p lending market in the world and now it faces extinction; a few...
Since the financial crisis the non-bank lending sector has grown tremendously; while banks still do the lions share of lending...
McKinsey warned Wirecard to take immediate action on controls in their largest business more than a year ago; the consultancy...
Risk management strategies can go a long way in proactively reducing risk to an acceptable level, improving operational efficiency.
Online lenders in China have started to self inspect how they run their companies as the government has been a lot more proactive in oversight than in year’s past; the government fears that borrowers are becoming over indebted and are borrowing to pay back other lenders; some of the top lenders fear the government crackdown could cause other panic and trigger outcomes that would be even worse than a few online lenders shutting down; right now it seems as if lenders are in limbo wondering what the future will hold. Source.
China’s p2p lending market has been under extreme pressure in recent years as the number of platforms has shrunk to...
The Chinese fintech market has primarily been dominated by local giants but global firms have started to build a presence...
On the heels of their most recent fundraising digital only bank Revolut has added former Goldman Sachs Executive Michael Sherwood...
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In this context, founders must decide when and how to invest in risk management infrastructure. Every dollar earmarked for controls comes at the expense of a dollar that could be devoted to what is more commonly thought of as revenue-generating activity.