This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. But AlphaCredit CEOs and co-founders José Luis Orozco and Augusto Álvarez were happy about the opportunity, saying it would give them the chance to keep providing cutting-edge technology for fast, easy and flexible service.
Here’s the summary: FinancialTechnology, more commonly referred to as FinTech, looks set to reshape the financial sector in the coming years and present Hong Kong with both challenges and opportunities. Many FinTechs are providing financial services directly to customers in areas such as payments and P2P (peer-to-peer) lending.
When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. Despite lending £6.7
Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.
New payment and financialtechnologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Traditional banks are seeing new FinTech players become more competitive on several fronts, including lending.
The Times reported late last week that initiatives include a “FinTech foresight” group that will bring together various stakeholders across financialtechnology and multinational companies. Separately, Ireland-based FinTech Prepaid Financial Services has been granted an eMoney license by the Central Bank of Ireland.
Creation of the new unit would be part of a much larger overhaul of the financialtechnology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. To operate beyond Chongquing, Ant would be required to apply for new licenses.
As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country. Blocktrade, according to a release, has a European license in place to trade with tokens and digital coins.
Rapyd, the B2B financialtechnology-as-a-service company, launched an integrated payment solution in Mexico, allowing companies to access all local payment methods through one network, according to a news release.
landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. But it was a Singapore startup building out a holistic suite of small business financial services that landed the largest round this week, by far.
The pandemic and associated economic uncertainty have made the landscape for card lending even more challenging, with the need to shape an effective strategy for engagement with all of their customers.
“The acquisition — our sixth investment in Asia Pacific since 2017 (following venture investments in Grab, Jirnexu, C88 FinancialTechnologies, BankBazaar.com and CompareAsiaGroup ) — demonstrates our ongoing commitment to investing in this region and using our advanced data and analytics expertise to remove complexity from the lending process.
In today’s highly digitized and connected world, several lean and nimble organizations are making profound business impact challenging the traditional banking models in domains such as Payments, Lending and Wealth Management. I am interested in hearing your thoughts and your organizations experience on this topic.
The pandemic and associated economic uncertainty have made the landscape for card lending even more challenging, with the need to shape an effective strategy for engagement with all of their customers.
The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. “We The Response. The Aftershocks.
For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.
For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financialtechnology. Community banks, regional players, and credit unions are all in the fight of their lifetime with the need to transform their business. Mandate #3: Build a next-gen I.T.
In today’s highly digitized and connected world, several lean and nimble organizations are making profound business impact challenging the traditional banking models in domains such as Payments, Lending and Wealth Management. I am interested in hearing your thoughts and your organizations experience on this topic.
In today’s highly digitized and connected world, several lean and nimble organizations are making profound business impact challenging the traditional banking models in domains such as Payments, Lending and Wealth Management. I am interested in hearing your thoughts and your organizations experience on this topic.
In today’s highly digitized and connected world, several lean and nimble organizations are making profound business impact challenging the traditional banking models in domains such as Payments, Lending and Wealth Management. I am interested in hearing your thoughts and your organizations experience on FinTech Innovation.
Over the years of growth and development of the financialtechnology market (and alternative financing, in particular), the eyes of the professional community have usually been fixed on two regions.
And while financialtechnology is still a nascent industry, no doubt this sector will be subject to a little more of our Kiwi ingenuity over the coming few years. Harmoney – peer to peer consumer lending. When it comes to p2p lending, New Zealand’s Harmoney leads the APAC region. I kid you not.
Lending platform Cloud Lending Solutions recently announced a partnership with Japanese technology company Fujitsu. Fujitsu will help Cloud Lending Solutions distribute CL Originate , CL Lease , CL Loan , and CL Collections to its large and small business customers in Japanese and ASEAN markets.
On Wednesday Australia’s Prime Minister Malcolm Turnbull and Treasurer Scott Morrison jointly announced the launch of a new fintech advisory panel, bringing together bankers and fintech leaders alike, and tasking its members with the job of making Australia the leading force in financialtechnology within the APAC region.
Several Democratic senators are calling for the Government Accountability Office to investigate whether financialtechnology companies are properly regulated.
This constantly updated article tracks the biggest and most important new products released worldwide by financialtechnology companies, along with banks, credit unions, investment advisors, insurance companies, credit card issuers and payment providers. Weve been obsessed with new fintech products since before the term was invented.
The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financialtechnology. This tech is also aimed to serve as the challenger bank or “sidecar” core offering for the digital subsidiaries of community and regional banks.
SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to MoneyLion for lots of obvious inappropriate behavior including violating the Military Lending Act regarding capped lending rates. Steve McLaughlin from FinancialTechnology Partners’ Money 2020 party. talent market.
Demo: Customer Insight Dashboard for Regional Manager who can view their forward looking metrics such as customer attrition and look forward several quarters. International lending platform – Create opportunities for Investors. Regulated Financial Institution. Built a solution called Customer Insight for banking.
FinGoal: Personal finance tools powered by AI, enhancing user financial decision-making, partnerships with major financial institutions growing. Horizn: Continues to excel in digital adoption platforms for financial services, expanded to additional markets. Prosper: Pioneered peer-to-peer lending in the U.S.,
The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc.
Mastercard and Eedenbull are broadening their existing partnership into the Asia Pacific region in a move that sees Mastercard supporting EedenBull’s commercial card platform offered to banks. ” Mastercard, EedenBull Expand Into APAC. Galileo Launches Contractor Pay Card. In a collaboration with U.K.
Its also expanding its regional focus too, with a recent announcement that the labs will invest more into R&D in India. and Wearatec to develop contactless wearable payments technology. The labs specifically focus on technology solutions in blockchain, AI, insurtech, and regtech.
billion Sandy Springs Bancorp builds a powerhouse in the Mid-Atlantic region. Credit Union Merger of the Year This award was easy since the combination of First Technology Credit Union and Digital Credit Union is now the largest merger in this industrys history. CEO Brent Beardall is proud of his team for this historic milestone.
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content