Alibaba's affiliate Ant Financial has reported an investment in payment provider Mynt which has its business focus in the Philippines; Mynt currently has three million registered customers and reports one billion pesos ($19.9 million) worth of transactions per week; it provides services for consumers, merchants, and organizations primarily through its GCash and Fuse Lending businesses; GCash serves as its micropayment service provider and Fuse Lending offers online personal and business loans. Source
Although generative AI's development is a concern to some, its application to the lending sector could create even more access to credit.
Even before the pandemic, mortgage originations were trending downward. Originations are expected to decrease in 2020 to $1.1 trillion, down...
Buscan desarrollar una tarjeta Visa para que los productores agrícolas utilicen sus granos como forma de pago.
The Crypto, Fintech, and Banking Meetup was a chance for keen industry insiders to get back to a level of normal.
LoanClear is a servicing company which was spun out of Dynamic Credit; now the company is acquiring Brismo, a provider...
The ten fintech firms selected will work closely with 40 plus institutions
Including AIG, Bank of America, Fidelity, & JP Morgan.
Card payment fees have been a long-standing issue for businesses. Pay by bank could be a solution. Plaid joins Adyen to make it possible.
Patrick McHenry is one of the most active proponents for fintech in Congress; Lend Academy talks with McHenry at LendIt USA following his keynote presentation; in the podcast he talks about the role of the House Financial Services Committee, his perspective on fintech, current legislation and his outlook for financial innovation over the next four years. Source
Business lending at banks is up 3.3 percent year on year as of May 9th, improving but far below double...