India’s FinTech startups target subprime customers
There’s stress on Indian public sector banks due to mounting bad debt, and that has resulted in cautious lending. Read more: www.techinasia.com
OCBC guides FinTech companies in WM and loan services
OCBC will help pilot three FinTech solutions in the coming months for its wealth management and home loans services. Read more: www.straitstimes.com
FICO offers banks faster SME loan decisioning
FICO rolls out a new solution to help banks and credit unions automate the SME loan approval process. Read more: www.pymnts.com
Indonesia issues regulation on FinTech lending
The Financial Services Authority (OJK) has finally issued a regulation on financial technology firms that run peer-to-peer (P2P) lending businesses. Read more: www.thejakartapost.com
New FinTech removes intermediaries and loan costs
Zidisha lets web users lend directly to individual borrowers in developing countries without any intermediary. Read more: www.ibtimes.co.uk
Why most P2P lenders have not yet offered IFISAs
After many months of the new Innovative Finance ISA being approved there are only several leading P2P lenders participating in the savings program. Read more: www.crowdfundinsider.com
SoFi launches employees benefits programme SoFi at Work
Social Finance (SoFi) is expanding its offering to include employee benefits and financial wellness programme SoFi at Work to reduce the impact of student debt. Read more: www.fintechroundup.com
Riga-based lender Creamfinance lands €21m
Riga, Latvia-based consumer lending startup Creamfinance has raised €21m in new funding. The Series B round comes from Capitec Bank. Read more: www.fintechroundup.com
FundThrough pockets $18.6m for invoice financing
Canadian SME financing startup FundThrough has raised $18.6m (C$24.6) in a Series B round of funding led by Scale Up Ventures. Read more: www.fintechroundup.com
Float grabs $3m for millennial credit lending
Credit line lender Float has raised $3m in what it’s calling an angel round from investors include Camp One Ventures, Funders Club and 500 Startups. Read more: www.fintechroundup.com