While most people in the US have been distracted by Democratic and Republican Senators bickering over what now Justice Brett Kavanaugh was up to 36 years ago, a lot has happened in the world of finance, and it directly impacts how we should think of the digital currency marketplace. Mainstream media is fixated on how […]
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While children are sitting in schools studying the “real” three Rs (reading, writing and arithmetic), payments peeps will be looking at the local version: risk, rewards and real time. What all three have in common is being on the rise. Businesses want to get paid and get paid faster (or instantly, if possible), and are willing to go […]
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Could APIs be the missing link in the quest for world banking services domination? One startup seems to think so. APIs are being used across the financial landscape to help traditional banks and FinTechs deliver products to a wider audience, including underbanked populations. This means developers can tap them to extend financial benefits to users […]
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InsurTech has a lot of room to innovate, from payout friction to risk analysis. The startup community has delivered a strong response to market gaps, and investors this week showed their interest in the B2B InsurTech market with three deals, including two rounds marking Eos Venture Partners’ first foray into the industry. Rounding out the […]
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Sierra Leone is set to create a national, blockchain-based credit bureau. On September 27, at the 73rd Session of the U.N. General Assembly (UNGA), Sierra Leone’s president Julius Maada Bio made an announcement where he declared that his country had set a new goal to create a national, blockchain-based credit bureau to “radically transform” the […]
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In a potential revival of the Toys R Us brand, lenders are looking to reorganize the company’s assets into a new company. The firm would be able to invest in new retail operating businesses and keep license agreements, Bloomberg reported. The rights to Toys R Us’ name, along with Babies R Us, are controlled by […]
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On Friday (Sept. 30), LendingClub officially closed the door on a two-year chapter in its corporate history that its current board and founding team would probably like to forget. Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), […]
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Want a nod to the power of a message – to the power of social media? Look no further than the weight of a single WhatsApp message, which sank a stock in India, erasing almost three quarters of its value. Bloomberg reported Friday that eCommerce firm Infibeam Avenues Ltd shares plunged 71 percent after a […]
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Sierra Leone’s president, Julius Maada Bio, announced a new initiative to create a blockchain-based credit bureau in partnership with the U.N. Sierra Leone’s president Julius Maada Bio announced a new initiative to create a national, blockchain-based credit bureau. The announcement took place at the 73rd Session of the U.N. General Assembly (UNGA) Thursday, September 27. […]
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The Federal Trade Commission (FTC), working in conjunction with the U.S. Department of Justice, announced on Thursday (Sept. 27) that it is mailing 1,179,803 refund checks totaling more than $505 million to people who were deceived by a payday lending scheme operated by AMG Services, Inc. and Scott A. Tucker. In a press release, the […]
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