Wirecard’s long time chief operating officer is said to be on the run according to former colleagues who said he...
Innovate Finance has released a report on fintech investment showing global investment in fintech increasing but decreasing in the UK; global fintech investment increased by 10.9% in 2016 to $17.4 billion; in the UK, fintech investment decreased by 33.7% to $783 million; fintech investment in China and the US accounted for $13.9 billion of the total $17.4 billion. Source
Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies...
JPMorgan Chase finds itself overhauling their digital strategy team as they leaders in the unit have moved on to other...
The SEC's Division of Investment Management has published an investor bulletin including suggestions for investment advisers on meeting disclosure, suitability and compliance obligations under the Investment Advisers Act of 1940; the SEC's Office of Investor Education and Advocacy also published a bulletin for individual investors providing information to consider when investing with robo advisers. Source
If you missed any sessions at LendIt Fintech USA 2019 the audio recordings are now available via Apple Podcasts, Stitcher...
There is a behind the scenes fight brewing between fintechs and banks who are setting setting stricter guidelines on who...
Last year SoftBank’s Vision Fund invested $800 million in Greensill and $440 million in OakNorth; those two deals alone made...
The World Economic Forum has elevated its interest in blockchain technology by forming a working group featuring two dozen prominent executives and innovators; the group meets in Dubai for the first time this week; it will begin with issues of governance of the technology's direction and development protocols; members include the chief economist for the People's Bank of China's research group, the head of the Bank of England's fintech startup accelerator, the former President of Estonia and representatives from startups including BitPesa, Everledger, Ripple and Chain as well as Barclays and Deutsche Bank. Source
Salt Lending has written a blog post sharing the immense amount of interest in their blockchain backed loans; since launching on December 28th, 2017 they have issued $23 million in loans yet there is still demand of over $1.3 billion; the company is working on scaling and automating processes, but is focusing on addressing existing demand before adding new members. Source