Jay Mart taps FinTech to thrive in digital financial services

Bangkok Stock Exchange listed mobile distributor company Jay Mart is targeting on fintech companies and startups to embark on a transformation of its business. Read more: www.econotimes.com

Kaszek Ventures helps bring Brazil credit startup BankFacil financing to BRL25m

Brazilian online credit startup BankFacil has closed a new BRL15m ($4.3m) Series A financing round thanks to new capital from Kaszek Ventures and existing backers.

Credit bureau, FinTech firm partner on product for mortgages

Experian has introduced software to speed up the processing and approval of consumer mortgage applications. Read more: www.americanbanker.com

Italian crowdfunding rules to accept all SME firms

the Italian Stability Law for 2017 extends investment crowdfunding to all small and medium companies that want to raise capital online. Read more: www.crowdfundinsider.com

Crowdfunded Pebble will sell to Fitbit for just $40m

Crowdfunded smartwatch maker Pebble is being acquired by fitness tracker Fitbit for as little as $40m. In total the company raised more than $43m through crowdfunding. Read more: www.fintechroundup.com

P2P lender Folk2Folk gains full FCA authorisation

Folk2Folk will be able to offer the innovative finance individual savings account (IFISA) to customers, subject to the HM Revenue and Customs approval. Read more: www.bankingtech.com

Protecting SME privacy as credit assessments grow complex

Borrowers may want the innovation, technology and speed of an alternative lending platform but will demand the trust of a big, familiar name in banking. Read more: www.pymnts.com

How FinTechs are using AI to transform payday lending

Fintech startups are using artificial intelligence to make loans with rates as low as 6% and with default rates of 7% or less. Read more: www.americanbanker.com

Challenger bank Revolut & Lending Works to provide instant credit

Revolut is a digital only challenger bank that does far more than a traditional bank at a lower cost. Read more: crowdfundinsider.com

CircleBackLending stops making online loans

CircleBack Lending Inc., a pioneer in peer-to-peer lending, has stopped making new loans, according to its chief executive officer. Read more: www.bloomberg.com

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