462 articles tagged with this keyword
News/Non-bank competitors
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a regulatory sandbox for fintech startups and pilot schemes.
06 June 2016
Lending Club's woes continue, with New York state's financial services regulator joining the Justice Department in investigating the online loan marketplace, according to the Wall Street Journal.
19 May 2016
After its CEO was forced out over a loans sale scandal, Lending Club says that it is being investigated by the US Justice Department and admitted that investors are pulling back from debt purchases.
17 May 2016
Capital Float, India's largest online lending platform, has raised $25 million in a Series B funding round led by Creation Investments Capital Management.
12 May 2016
In a week in which the sector has been rocked by the Lending Club scandal, online marketplaces have been warned in a new report from the US Treasury that they need to be more transparent and should, in some cases, face greater regulatory oversight.
11 May 2016
Jobs, earnings and funding news out of three of America's biggest alternative lending platforms - Prosper, OnDeck and SoFi - is raising concerns about the market and investors' willingness to fund loans.
04 May 2016
Almost a third of the money invested in African startups was gobbled up by new fintech firms, according to research from Disrupt Africa
01 April 2016
The Singapore government is launching a dedicated office designed to help fintech startups set up in the country.
The UK's peer-to-peer lending goldrush is causing a headache for the Financial Conduct Authority, which has put out a statement revealing it has a backlog of 86 firms awaiting authorisation to operate.
31 March 2016
Russian authorities' opposition to virtual currencies has been underlined after a presidential adviser referred to bitcoin as an internet joke and a virus and urged that it be outlawed.
US bank Citi has forecast that the continued growth of fintech startups will mean 30% of bank staff will lose their jobs over the next ten years.
Ireland's ambition to be known as a world-leading hub for fintech startups is in danger of petering out due to a lack of accelerators, according to the head of an industry group looking to promote startups.
30 March 2016
A key US banking regulator is set to develop a framework for governing new fintech startups, according to the Wall Street Journal (WSJ).
29 March 2016
Chinese e-commerce company JD.com has raised RMB6.56 billion ($1.1 billion) to grow its financial services arm, JD Finance.
18 January 2016
UK online retailer Shop Direct is to spend £50 million with IBM to develop personalised financial services for its four million customers.
13 January 2016
Peer-to-peer (P2P) lender Zopa is reportedly planning another round of fund raising that could see its valuation exceed £500 million, making it one of the UK's highest valued fintech start-up.
11 December 2015
MasterCard has finally dipped a toe in the crypto-currency pool, joining a host of other big name investors backing new bitcoin incubator Digital Currency Group (DCG).
28 October 2015
New Deutsche Bank boss John Cryan is set to promise investors that replacing the bank's troublesome technology systems will be a top priority, according to the Financial Times.
27 October 2015
A survey by Accenture has found that almost half of the world's biggest banks have no directors with any technology experience on their board.
Digitally enabled insurgents are placing bank-based lenders under increasing pressure and pose "a significant threat to every part of the commercial lending business" says a survey conducted by Misys.
26 August 2015
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