PrimaryBid said it will use the funds to expand its business in continental Europe and also plans to launch in new markets including the US.
The Blockchain Insurance Industry Initiative B3i announces that 23 new entrants are joining its Market Testing program; The new entrants are: AIA, AIG, Aon, Chubb, Covéa, Everest Re, Gen Re, Guy Carpenter & Marsh, JLT Re and more; the new companies will join the existing group in testing the prototype platform. Source.
Tiger Global is having a year. Losses of about $17 billion represent one of the biggest dollar declines for a hedge fund in history.
Credit bureaus have had a tough past year with the Equifax breach of customer data and new legislation in the U.S. looking to increase competition by allowing lenders to use different sources; changing the credit bureau system is not as easy as it may sound as they have been intertwined in the financial services system for a long time; lenders still use the bureaus for a large majority of lending decisions, even though some alternative bureaus have seen traction; the breach at Equifax could have a lasting effect because people did have a lot of trust in the company to secure their sensitive information like social security numbers; as data sharing in financial services becomes commonplace a premium will need to be placed on how that data is secured. Source.
Real estate fintech platform Opendoor appears to be crushing it; they have raised some $1.3 billion in equity and around...
The UK recently visited China on a trade mission and signed a number of fintech deals worth more than $1.8bn; the deals are looking to create a deeper partnership between the nations and potentially create more than 850 jobs; deals include Innovate Finance and NIFA's memorandum of understanding, CurrencyCloud and X-Transfer's partnership and UK fintech R5FX's collaboration with Shanghai Clearing House. Source.
Nanda Kumar's relationship-based pricing model with SunTec makes even more sense in today's era of hyper-personalization.
Milind Mehere is the CEO and Co-Founder of Yieldstreet and in this podcast episode he discusses alternative investments and why now is a good time to be in the space.
Maria Renz spent more than 20 years at Amazon and is now joining SoFi; Renz was most recently vice president...
The news that Facebook is building their own cryptocurrency has regulators nervous on many fronts including money laundering and know...