Revolut has become one of the hottest fintechs in the world since launching five years ago and the company has...
The Confidential Consortium framework called Coco is an ethereum-based protocol that organizations can use to process information on the ethereum blockchain; Microsoft Azure's CTO says it can help enterprises scale their operations securely; explaining the benefits of the technology, Coco user, Tom Racette, vice president at Mojix, said: "Being able to run our existing supply chain Dapp code much faster within Coco framework is a great performance improvement that will reduce friction when we talk about enterprise blockchain readiness with our retail customers. Adding data confidentiality support without sacrificing this improvement is what will enable us to lead the digital transformation we are envisioning with smart supply chains." Source
Lend Academy digs in to the complex topic of valuation with this Q&A piece conducted with Houlihan Lokey. Source
The coronavirus continues to wreak havoc on all areas of the economy; musicians that have relied on live performances for...
The new CEO of the Innovative Lending Platform Association has written an op-ed focused on the Madden decision and how it could be fixed by Congress to better serve small businesses. Source
S&P Global Market Intelligence has released data on fourth quarter and 2016 originations for 13 major online lenders; the final quarter of 2016 showed a decrease in loan originations consistent with challenges for the industry in the second half of the year; in the fourth quarter total loan originations were down 15% however loan originations for the year still reported a 15% increase. Source
Robinhood has quickly become one of the hottest fintechs in the world during the pandemic as they added more than...
Wells Fargo has seen customers become more adept at using digital and plans to accelerate their branch closure plans; the company is looking to close more than 800 branches by the end of 2020; “Our vision of satisfying our customers’ financial needs remains unchanged, but how we execute this vision has evolved; this evolution includes developing new ways to more efficiently serve our customers and create a better customer experience,” said CEO Tim Sloan on a conference call as reported by TearSheet; the closures are expected the save the bank about $4bn. Source.
Small business lending marketplace Lendio is looking to hire 200 full time small business loan agents to help meet demand;...