American Bankers Association: “Banks Have Always Embraced Innovation”
At a Congressional hearing yesterday on Marketplace Lending that was described as being “educational”, Rob Nichols, of the American Bankers Association, presented testimony and answered questions...
View ArticleBrief: Indian P2P Lender Faircent Taps $1.5M from Brand Capital
India-based P2P lending platform Faircent has raised $1.5 million from Brand Capital, the investment arm of the media conglomerate Bennett Coleman and Co, according to The Economic Times. “The...
View ArticleBrief: Fundation Nabs $100M Credit Facility from Goldman Sachs
Fundation has secured $100 million credit from Goldman Sachs, reported the WSJ. The cash flow will enable the “credit solutions provider” to expand recent partnerships with traditional banks, such as...
View ArticleBank of England Embraces Fintech & Collaboration
“It is hardly possible to overrate the value…of placing human beings in contact with persons dissimilar to themselves, and with modes of thought and action unlike those with which they are...
View ArticleBritish Business Bank Investments Ltd Invests £18M in Praetura Asset Finance
British Business Bank Investments Ltd, the commercial arm of the British Business Bank, today announced an £18M investment in Blackburn and Manchester-based Praetura Asset Finance. The investment,...
View ArticleAction! Producers ItchyFishFilm Launch “Bromley Boys” Syndicate Room Campaign
In just a few days since launching, the UK independent film produced by ItchyFishFilm has secured over £342,000 toward its £640,000 goal to support production for the film. £305,000 has been fronted...
View ArticleWhat’s Cookin’: NZ Celebrity Chef Oliver Syncs with PledgeMe for New Campaign
Auckland-based celebrity chef Robert Oliver launched a PledgeMe campaign to equity crowdfund his Pacific-styled fine dining restaurant in Auckland. KP Auckland Limited is seeking to raise between...
View ArticleProsper Backs Out of Secondary Market for Loans
According to multiple reports, Prosper is shutting down secondary trading for it’s loans eliminating a liquidity path for retail investors. The justification was stated as lack of demand. Bloomberg...
View ArticleFederal Court Calls CFPB Structure Unconstitutional
The Consumer and Financial Protection Bureau (CFPB) has been labeled “unconstitutional” by a federal appeals court. The ruling addressed specifically the agency’s structure and the amount of control...
View ArticleSageworks Links with Greater Hudson to Provide Online Lending
Greater Hudson Bank (OTCQX: GHDS) has partnered with Sageworks, a financial information company that provides lending, credit risk and portfolio risk solutions to banks and credit unions, to provide an...
View ArticlePortag3 Ventures Fintech Fund Aims to Reshape Canadian Fintech
Adam Felesky and Paul Desmarais III today announced the closing of a new fund, Portag3 Ventures (“Portag3”), focused on the fintech sector. Felesky, a co-founder and former CEO of Horizons ETFs, has...
View ArticleSEC Chair Mary Jo White to Testify Before House Financial Services Committee...
Outgoing SEC Chair Mary Jo White will be testifying today (November 15, 2016) before the House Financial Services Committee. White announced her intent to depart the Commission at the end of the...
View ArticleSEC Investor Advisory Committee Schedules Next Meeting for December 8th
The SEC Investor Advisory Committee (IAC) has set the date of its next meeting. IAC will be meeting at SEC HQ on Thursday, December 8, 2016 from 9:30 a.m. until 3:00 p.m. (ET). The meeting is open to...
View ArticleGovernment of Malaysia Invests $22M in US Startup Phunware
Phunware, a U.S. tech startup based in Austin, Texas, raised $22 M earlier this month from Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia. Khazanah is not a...
View ArticleLatvian TWINO Offering European Investors New Opportunity in Russian Consumer...
TWINO Group, a European consumer lender which has been operating since 2009 with its P2P lending platform launching in 2015, provides unsecured consumer loans for private individuals in ten countries,...
View ArticleReport on Zopa: Too Much Investor Demand Curtails Retail Access to P2P Loans
This may be a case of too much of a good thing. The FT is reporting that Zopa has put a halt to retail investors lending money on their peer to peer lending platform. Allegedly, yield hungry investors...
View ArticleRemittance Service Platforms in Singapore Aim to Lower Costs & Increase Access
Economic migrants rely on remittances to ensure that their families are well off at home and to maintain ties to their home countries. Fees imposed by big banks and traditional remittance institutions...
View ArticleIndian Fintecher Indifi Secures $10M in Series B Funding Round Led by Omidyar...
Gurugram, India-based platform for enabling debt-financing for small businesses Indifi has raised $10 Mn in a Series B funding round led by Omidyar Network. Existing investors Accel Partners and Elevar...
View ArticleThe FCA Considers Bringing “Loan based Crowdfunding” Under FSCS Coverage
The Financial Services Compensation Scheme (FSCS) is an important aspect of investor protection in the UK. Similar in function to the US FDIC, certain financial accounts are insured by the government...
View ArticleLemonade to Expand into 46 States as Insurtech Company Gears Up to Challenge...
Insurtech firm Lemonade launched in September as a “full stack insurance carrier” in the state of New York. Today, Lemonade is preparing to offer insurance to 97% of US citizens by filing for licenses...
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