Accurate data access is critical for fintech development in climate change. Connect Earth aims to open source data and enable integration.
As sustainability becomes central to the public eye, carbon emissions transparency is key. Connect Earth launch a sustainable investment API.
The construction sector accounts for approximately 16% of invoices financed on the MarketInvoice platform and issues from construction company Elimco UK have uncovered some new potential risks for the sector; Elimco UK has stopped making payments to the platform; in most cases MarketInvoice as the lender would receive preferred rights to the company's payments however in the construction sector set off rights give the customer preference of payment which has caused the construction company to default with MarketInvoice; the total amount of losses reported for MarketInvoice has not been disclosed; the company says its overall loss rate is 2.4% after recoveries; the firm also says it does not have plans for data filtering by industry category since it would lead to cherry picking loans. Source
A new fintech hub has opened in Copenhagen, Denmark; the Financial Services Union Denmark, City of Copenhagen and Danish Bankers Association provided support for the new fintech hub, Copenhagen Fintech; the membership association will focus on five areas of fintech including 1) fintech entrepreneurship 2) platforms, payments, and usability 3) cybersecurity in finance 4) digital processes and 5) financial computation; Thomas Krogh Jensen will lead Copenhagen Fintech as the CEO. Source
Core banking software vendor Thought Machine has raised $200 million in its Series C funding round, bringing its valuation to over $1 billion.
Worsening conditions for the public's financial health have caused the FCA to launch a consultation. The fintech sector is already way ahead.
Embedded finance is experiencing supercharged adoption. Consumers may consider options in loyalty to brands.
The approval of the EU's MiCA legislation highlights post-Brexit UK's regulatory shortcomings - could it be boosted?
Latvian marketplace lender Mintos and Creamfinance have partnered to list loans originated in Denmark and the Czech Republic; Creamfinance Financial Planning Director, Georgijs Ustinovs, said, "High investor demand for Creamfinance loans was our main motivation for adding a new market to the Mintos platform."; Mintos noted that the annual return to investors should reach 11%. Source
At Fintech Nexus Merge, the panel discussion 'Creating On-Ramps and Off-Ramps Between DeFi and Traditional Finance' was a riveting discussion giving the audience a snapshot of how the convergence between DeFi and TradFi will happen