Grasshopper, which relaunched a year ago and reported significant growth in 2022, will use MANTL’s completely digital commercial deposit origination process to create a more-favorable customer experience.
New regulations on asset management will increase capital that institutions have to hold in China; these regulations will significantly affect bank and nonbank relationships; banks have repackaged loans and transferred them to brokerages and other lenders which eventually make their way to investors; last year these transactions totaled $3.5 trillion in off-balance sheet lending according to the Wall Street Journal; one example of a lender that has been fined is China Guangfa Bank which turned loans going sour into high yield investments. Source
In this episode, we talk with Kevin Greene, the Chairman and CEO of Tassat Group. His company has created a blockchain-based instant payment system for banks that allow their commercial customers be paid instantly 24/7/365.