Latest Non-bank competitors News: Finextra Research

Vault Circle gets Ontario Securities Commission approval

Canadian financial technology company Lendified Holdings Inc. and its subsidiary and direct lender, Lendified Inc. announced today that their subsidiary Vault Circle Inc. has received an exempt market dealer license from the Ontario Securities Commission (OSC) for its investment business.

28 September 2016

Company update/Non-bank competitors

Online lender AvantCredit scores FCA authorisation

AvantCredit announced today, that with effect from 5th September, it is now fully authorised by the Financial Conduct Authority (FCA).

20 September 2016

Company update/Non-bank competitors

SoFi launches employee benefit programme to reduce student debt

SoFi announced today the creation of SoFi at Work, a benefit program for companies to help their employees reduce their student loan burden and build financial wellness.

19 September 2016

Company update/Non-bank competitors

Crowdcube raises over £8 million in growth capital

More than 3,700 crowd investors, alongside prominent venture capital firm Balderton Capital, have collectively invested over £8 million in growth capital for Crowdcube, the UK’s leading equity crowdfunding platform.

17 August 2016

Company update/Non-bank competitors

Alternative lender FundX hires Phil Foweraker as biz development manager

Alternative lending fintech, FundX, has announced the appointment of a new Business Development Manager chosen specifically for his expertise in finance broking, in recognition of the growing importance of fintech lenders partnering with finance brokers.

15 August 2016

Company update/Non-bank competitors

Lending Club loses CFO; posts loss

Lending Club (LC), the world's largest online marketplace connecting borrowers and investors, today announced a series of leadership changes.

08 August 2016

News/Non-bank competitors

MasterCard and PayPal hold talks about alliance - FT

MasterCard and PayPal have engaged in a "constructive dialogue" about a possible strategic alliance, according to a report in the Financial Times.

29 July 2016

Company update/Non-bank competitors

African banks losing their share of payment space - report

Traditional banks are poised to lose as much as 50% of their ownership of the payment space by the end of 2016.

29 July 2016

News/Non-bank competitors

Fintech founder calls Aussie banks hyprocrites over Apple Pay complaints

The founder of an Australian robo-advisor has accused the country's banks of hypocrisy over their cries of anti-competitive behaviour from Apple Pay

29 July 2016

News/Non-bank competitors

BBVA in management reshuffle for digital banking push

Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) is set to embark on a second management reorganisation within 14 months in anticipation of a further push of its digital banking plans, according to Bloomberg.

28 July 2016

News/Non-bank competitors

UK payments regulator calls for structural reform

The Payment Systems Regulator (PSR) has called for an overhaul of the UK's payments infrastructure to generate more competition and meet consumers' needs.

28 July 2016

Company update/Non-bank competitors

Subprime online lender Elevate scores increased credit facility

Elevate, a leading provider of innovative online credit solutions for non-prime consumers, today announced it has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment advisor dedicated to alternative investing, by an additional $100 million to a total of $545 million.

27 July 2016

News/Non-bank competitors

Aussie banks team up for Apple Pay legal challenge

Four Australian banks are joining forces to negotiate with Apple and be allowed to offer their own payment services on the tech giant's hardware.

27 July 2016

News/Non-bank competitors

Telefonica Germany launches Fidor-backed mobile banking service

Telefonica Germany has launched a mobile banking service using white-label technology supplied by Fidor Bank.

25 July 2016

News/Non-bank competitors

UK startups get Brexit boost while UK funds suffer

Venture capitalists have invested more than $200m in UK tech startups in the month following the controversial Brexit vote, allaying fears that London's growing tech sector would be one of the first casualties of the withdrawal from the European Union.

25 July 2016

Company update/Non-bank competitors

Bank of Baroda partners with 7 fintech companies

Bank of Baroda, India’s leading public sector bank, has announced tie-ups with 7 fintech companies.

22 July 2016

News/Non-bank competitors

Thailand considers fintech regulation

Thailand's central bank has called for more regulation of the country's growing fintech sector in order to prevent systemic risk and protect consumers.

22 July 2016

News/Non-bank competitors

UK banks accuse challengers for not offering fee-free accounts

The UK's largest retail banks have called on the government to compel smaller, challenger banks to share the cost of financial inclusion by also offering loss-leading fee-free banking accounts.

21 July 2016

News/Non-bank competitors

N26 granted German banking licence

N26, the Berlin-based challenger bank formerly known as Number26, has been awarded a full banking licence in Germany, aiding its push to expand its mobile banking service across Europe.

21 July 2016

Company update/Non-bank competitors

Online retirement planning startup Guideline closes $7m Series A round

Guideline, the startup that's revolutionizing online retirement planning, announced today that it has completed a $7 million Series A round of financing. Propel Venture Partners led the investment round, with participation by existing investors, including NEA and Lerer Hippeau Ventures.

20 July 2016