A new blockchain-based anti-fraud and identity verification system is being built by Spring Labs in cooperation with major online lenders;...
These tech titans still depend on banks to back their payment cards and loans. But their vast audiences mean any financial product they offer is a competitive threat.
The identity verification and authentication startup, Incode, is backed by General Atlantic, SoftBank and J.P. Morgan
ThinCats recently shared that an agreement with four institutional investors allows it to lend £700 million to small businesses; the...
Pinwheel’s partnership with payroll provider Workday company One Source Virtual (OSV) ushers payroll into the same convenience levels as other areas of finance. It will also help banks achieve primacy with their customers.
Artificial intelligence firm Cleo has raised 550,000 British pounds ($626,300) from angel investors; investors included Niklas Zennström, Jason Goodman, Alex Chesterman, Siraj Khaliq, Errol Damelin, Simon Franks, Wendy White and Joe White; Cleo is an AI-powered service working in connection with AI robots like Amazon Alexa to offer consumers personal finance advice; firm plans to use the new capital to further develop its technology and increase its user base of clients which are primarily in the UK. Source
The UK government has been one of the most forward thinking governments in the world when it comes to fintech;...
RateSetter saw pre tax losses jump to $31mn from $7.1mn due to a bad loan to an advertising company; RateSetter also saw revenues jump by 38 percent as well as increases in customers and borrowers; the bad loan was absorbed by the lender as they explained it fell outside their credit policy and it was unfair to put the losses on their investors. Source.
Avant will pay $3.85 million to settle with the Federal Trade Commission for allegations that it misled customers who were...
Monzo’s Tom Blomfield and TransferWise’s Taavet Hinrikus due to meet with the Prime Minister New Indian challenger Payzello launches Halo...