Tandem is set to begin a new monthly membership fee for their cash back card starting March 2020; the new...
ESG investment is on the rise as consumers want to make a positive impact with their money. Dubious sustainability scores make this difficult.
The Danish challenger bank has been steadily building its business offering, which now has 15,000 customers.
The notion of a fair day’s work for a fair day’s pay is fundamental to a harmonious workplace. Most people agree that workers should be paid in full once work is done. The arrival of real-time payments means that payroll on demand is a practical reality.
With this, Bunq is now valued at €1.6B and sets a new record for a Series A investment in a European fintech company.
Several established fintechs in key global locations saw a massive cash influx this week, and an announcement of an expanded partnership between Citizens Financial Group and Microsoft brings buy now pay later (BNPL) services to U.S. consumers. Nubank Brazilian neobank Nubank led the news this week when its initial public offering (IPO) raised $2.6 billion,...
P2P lenders have been debating the definition of default as many investors seek standardization; Peer-to-Peer Finance Association (P2PFA) members define a default when a loan is 45 days overdue and begin recovery collection at 120 days; non-P2PFA platforms have varying standards that fit with their business models, ranging from two consecutive months to 180 days to three missed payments; in the banking industry banks do not have a standard definition, focusing more on delinquent payment collections than actually labeling a loan in default. Source
Deepki grabs $166 million to help real estate investors reduce carbon emissions...
The Telegraph explores performance on Lendy Finance, previously known as Saving Stream; outlines specific properties that have struggled and that almost 25% of loans are outside original terms; Lendy states that just 14.5% of its loan book is in default and is in line with the wider bridging and development finance market; the property lender’s loan book now totals £300 million. Source
UK based Zopa has warned investors that defaults on high risk loans are rising; Zopa increased originations to high risk borrowers in 2016 and introduced their Zopa Core and Zopa Plus Products; the company originally expected default rates for 2016 at 4.14 percent but have revised that number to 4.93 percent; they also raised their estimates for 2017 loans to these borrowers to be 4.86 percent from 4.52 percent. Source.