Credit Sesame is the latest company to launch a digital banking offering; Sesame Cash aims to leverage data about a...
Personal credit and financial management firm Credit Sesame raised $42mn in equity and venture debt; investors include Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital and SF Capital; the capital will be used for growth, hiring, customer acquisition and to build out their machine learning technologies. Source.
Credit Suisse and Instinet have recently started to settle US stock trades on a distributed ledger from Paxos Trust; this...
Credit Suisse is leading a blockchain project seeking to develop a blockchain-based platform for syndicated loans; Emmanuel Aidoo from Credit Suisse is leading the project which began last fall and is expected to launch in 2018; the platform would involve more efficient processing of syndicated loans which involve multiple lenders providing capital to a corporate borrower; the parties involved believe that a blockchain-based syndicated loan platform could increase deal flow by reducing costs and processing time, making syndicated loans a more attractive investment for lenders. Source
The latest edition of Credit Union Tracker, a collaboration between PYMNTS and PSCU, found that 60% of credit union customers...
CU Ledger is a consortium of credit unions which is now testing out IBM’s Hyperledger Fabric solution; according to Coindesk,...
FIS reports that credit and debit card fraud attempts have increased since the coronavirus hit the US; the dollar volume...
Early wage access startups like DailyPay and Earnin are seeing a big uptick in usage as workers look to gain...
Crop Pro is based in Des Moines and has raised an $8 million Series A round; company provides services and products for farmers including crop insurance; will use the funds to expand its team and speed development of products and services; firm aims to bridge the gap between agricultural and financial technology; Crop Pro is the first agriculture venture-funded insurance provider to be approved by the USDA to offer federal crop insurance to farmers. Source
Railsbank is a leading UK Based open banking/regtech technology services platform and Cross River is a provider of banking services...