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