Kaspersky Lab Sees Spike In Mobile Banking Cyberattacks Zero raises $20 million from NEA and others for a credit card...
FTC is Concerned About Big Tech and Payments. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Last year was a busy year for the US fintech industry, which welcomed 15 new companies on the public markets. Investors were betting big on fintech startups, but this confidence seems to be dying out.
Bob Kerrey highlights positive factors resulting from an OCC fintech charter in an American Banker opinion editorial; notes the regulatory perspective of both democrats and republicans; says the charter will lower prices and result in better products while also promoting competition; Kerrey also suggests a continuation of state and attorney general enforcement of civil and criminal laws against fraud and unfair and deceptive practices which would ensure the charter does not allow businesses to escape set standards. Source
Fintech companies raised $2.7 billion from 226 deals in the first quarter of 2017; 22 fintech unicorns in the first quarter with a total value of $77 billion; top funding rounds included Atom and Funding Circle with $100 million each; fintech venture capital funding in Europe increased to $700 million from $200 million in the fourth quarter and is expected to increase from 2016 while the US is expected to report a decrease. Source
A new report by payments platform Vyne suggests 40 per cent of shoppers are ditching websites with poor payments processes. Retail payments reinvented: how consumer demand is changing explores online payments preferences of 2,002 British consumers surveyed by Vyne following a 43 per cent rise
Being “credit visible” presents life-changing benefits for consumers across all life stages.
Railsbank is a leading UK Based open banking/regtech technology services platform and Cross River is a provider of banking services...
Junheng Li, founder of an independent research firm focused on Chinese companies provides an update on lending in China with the recent news of tightening regulation. Source
It has been a long time since OnDeck and LendingClub went public in the US; the shares of both companies are down significantly since that time; now Funding Circle is planning to go public as late autumn, but what is the right valuation for the company? Financial Times reviews Funding Circle’s business and the importance of whether investors value it as a finance or software business. Source