Challenger banks have become one of the hottest trends in fintech with companies raising hundreds of millions of dollars all...
RateSetter is reportedly exploring a sale, merger or additional fundraising due to a current funding squeeze; Sky News reports that...
AltFi Data is the leading public provider of data for the marketplace lending industry; its data platform, AltFi Data Analytics, aggregates data from originators in the UK, Europe and the US; AltFi Data manages indices and publishes analytics reports with support from the data platform; the addition of data from Prosper will make the platform's reporting more robust for the industry. Source
A consortium of banks that include JP Morgan Chase, Goldman Sachs, BNP Paribas, Credit Suisse and Citi trialed a distributed ledger platform that proceeded equity swaps from beginning to end; the AxCore platform by Axoni would allow for payments to process instantly and reduce potential disputes; Greg Schvey, CEO of Axoni, said in a statement reported by CoinDesk, “Equity swap data is infamously complex and difficult to manage, making it a terrific fit for distributed ledger technology.” Source.
In this week’s PeerIQ Industry Update they cover the mixed economic news at the end of 2019 into early 2020;...
PayPal’s CEO Dan Schulman has written an article in the Wall Street Journal; he believes that while technology generally has improved the lives of many, the potential of applying technology to expanding financial services is still unrealized; most people manage their money the same way they did years ago and fees paid by Americans still total $170 billion every year; Schulman believes that collaboration is key to achieving universal financial health. Source
Remittances have always been extremely important to a certain segment of the economy and the process has been dominated by...
Funding Circle’s latest securitization is their second securitization of US loans; The $252 million securitization (Small Business Lending Trust 2020-A...
A new report by 11:FS found that small businesses believe fintechs are doing a better job at meeting their needs;...
Securitization continues to grow for the marketplace lending sector. As they do at this time every quarter PeerIQ released their Securitization Tracker. It showed another strong quarter with $4.3 billion of total issuance. This total was up 34% from Q1 2017 but down slightly from the record total in Q4 2017. Source.