462 articles tagged with this keyword
News/Non-bank competitors
British AI-powered savings Facebook Messenger chatbot Plum is to start steering users that are willing to take on risk in exchange for higher interest rates to P2P lender Ratesetter.
22 February 2017
Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups, reports the Wall Street Journal (WSJ).
20 February 2017
Venture capital investment in Asia-based fintech start-ups reached $5.4 billion in 2016 just shy of the $5.5 billion invested in the US.
SoFi is on the verge of closing a $500 million funding round led by private equity firm Silver Lake Partners that would value the online lender at $4.3 billion, according to Bloomberg.
17 February 2017
German Banking-as-a-Platform (BaaP) startup solarisBank is in the process of raising EUR30 million in a Series B funding round as it gears up to go live with a host of fintech firm partners, Finextra understands.
15 February 2017
Fintech startups are setting new standards for customer control and experience, forcing high street banks to up their game, says UK charity the Fairbanking Foundation.
Promising to bridge the divide between financial institutions and developers, UK startup TrueLayer has launched the private beta of its API platform for accessing bank data.
14 February 2017
Plaid Technologies, a startup that helps the likes of Venmo and Lending Club connect with their users' bank accounts, says that the venture arms of Citi and American Express joined its recent $44 million Series B funding round.
06 February 2017
Online lender SoFi is stepping up its efforts to take on America's banks by buying fellow fintech player Zenbanx, enabling it to offer checking accounts, credit cards and international money transfers. Financial terms were not disclosed.
01 February 2017
Nyca Partners, a fintech startup-focused venture capital firm set up by former Visa president Hans Morris, has raised more than $125 million for its second fund.
27 January 2017
2016 was the year that China's fintech dragons roared, dominating VC spending while investment in some previously feted leaders in other parts of the world wilted, according to a report from Citi.
26 January 2017
Emerging financial technology poses a threat to US banks that are unable to compete with this developing field, according to an official report from the US Office of the Comptroller of the Currency (OCC).
06 January 2017
UK startup Funding Circle has received £40m from the state-owned British Business Bank (BBB)on the condition that the funds be used to lend to small businesses, according to a report from news website Business Insider.
05 January 2017
The Indonesian Financial Services Authority (OJK)has introduced new regulations for fintech firms running a peer to peer lending business, according to a report in the Jakarta Post.
04 January 2017
Indian mobile wallet giant Paytm has received the regulatory green light to begin operating one of the country's new wave of payments banks.
03 January 2017
Monese, a London-based digital banking service targeting immigrants that have trouble opening accounts with traditional high street players, has raised $10 million to help it expand into mainland Europe.
A UK department store is making a multi-million pound investment in an app-only challenger bank in order to offer its shoppers an exclusive banking tool and payment method.
Australia's securities watchdog has released a number of waivers that will enable eligible fintechs to test services without the need to hold an Australian Financial Service licence or to make individual applications to the regulator.
15 December 2016
UK digital wealth management startup Nutmeg has raised £30 million in a funding round led by Hong Kong-based independent financial advisory firm Convoy.
14 November 2016
A new $100 million Clinton Foundation-sponsored platform bidding to take on predatory online lenders by offering America's underserved communities a low-cost alternative, is opening its doors for beta testing.
11 November 2016
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