Automation can be a key factor in scale-up success. From start-up to unicorn, investing early makes the difference.
The new Consumer Financial Protection Bureau Director, Kathy Kraninger, spoke in Washington on Thursday at a hearing held by the...
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
The World Bank predicted remittances would decline by almost 20 percent in 2020, the biggest drop in history; Remitly and...
In a report on the structured finance market, Fitch Ratings provides an outlook for 2017; says losses from auto loan asset-backed securities could increase with rising defaults; also notes increased risk from marketplace lenders and industry securitizations which have been reporting higher delinquency and loss rates; says the best performance is likely to be from residential mortgage and commercial mortgage securitizations. Source
On Tuesday, Synctera announced the first Baas industry line of credit product, to help companies and users access credit lines.
The CCAF released a report showing the impact of COVID-19 on fintech. The verdict? Growth and the potential for increased financial inclusion.
Marketplace lender, Peerform, has been acquired by Versara Lending; Versara is a New York City-based consumer lender seeking to expand its lending business in consumer loans; Peerform will enhance the lending capabilities for Versara and Peerform Founder Mikael Rapaport will join Versara Lending as a senior vice president. Source
PayPal's upbeat earnings call came with the announcement of Schulman's departure and prudent guidance for 2023.