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Tag Archives: Online Lending

BFC FinTech Monitor 13th-20th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and in the telegram channel FinTech Wave.   Around the World: Analysts with Juniper Research predict that the volume of contactless payments will triple within just 4 years’ time. …

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BFC FinTech Monitor 3rd January – 12th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.   Around the World: American FinTech startup Remitly has launched a neobank for immigrants, allowing them to transfer funds to their homelands without documents establishing residency in the United …

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The shift toward consumer-centric in 2020

2020 has just begun, but it already promises to be yet another dynamic year in the financial world. While many top trends of the past decade have been heavily concentrated on technology, cybersecurity and regulatory compliance, there is a noticeable shift toward consumer-centric solutions under way. Here are 3 of …

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Digital alternatives continue to threaten traditional banking players

By now, alternative banking service providers (e.g. PayPayl, Venmo, Square) are well-known players in the payment industry. Less known is how many of these companies are expanding into other banking areas. For example, PayPal is rapidly growing as a digital lending alternative, recently announcing that it had crossed the USD …

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Video: are bigtechs a threat to financial services?

In this excerpt from a panel on mass automation, three CEOs discuss the impact of digital companies’ actions on the financial industry and what it means for traditional players. Azerbaijan to host banking forum 3 Reasons to Build with Blockchain The uberization of lending in India

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Is Big Tech the Future of Banking?

With a lower-than-ever-before barrier to entry, bigtechs are starting to see the financial sector as a highly-profitable way to expand their businesses and give consumers even more. In fact, there is evidence that bigtech Amazon is even considering offering a checking account service to consumers. This should be setting off …

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FinTech bridging USD 2 trillion small business funding gap

Financing for small businesses is lacking throughout the world, even when ample funding is available and ready to be used. To close this USD 2 trillion funding gap, FinTech disruptors have set themselves up to play a key role by stepping in where traditional financial institutions and other investors won’t. …

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Top B2B FinTech Companies

B2B FinTech companies don’t often get the recognition of their B2C cousins; however, they play a key role in the future of financial services and deserve some acknowledgment. That being said, our friends over at Tearsheet have created a list of the top B2B FinTech companies, broken down into 9 …

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The state of small business lending in Russia

Russia has seen a boom in the number of smaller businesses in the last few years. Unfortunately for them, traditional lenders are, by and large, still focused on providing services to medium- and large-sized businesses. While some smaller businesses are able to find financing through traditional lenders thanks to special …

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Video: how FinTech can push small businesses to the next level

Karen Mills, former director at Small Business Administration, discusses the influence of smaller financial technology companies on big banks in this insightful video. Video: innovations in the B2B payment environment More than 100 programmers participate in Fintechstars hackathon held in Almaty Video: B2B financial services firm case study

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GreenSky bucks traditional FinTech ideas about IPOs

GreenSky, a FinTech company from Atlanta that provides loans for home repair projects, has announced its plan to go public with an IPO of USD 5 billion in total capitalization valuation. The move flies in the face of conventional Silicon Valley thinking that holds that the longer a company can …

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LendingClub’s fall from rock star status

Not long ago, LendingClub was the brightest star in the rapidly-growing world of online lending. With shares having dropped two thirds in two months, the company now has investors nervous. LendingClub’s fall began following the announcement of a government investigation, an investigation LendingClub has announced it is “fully-cooperating” with. The …

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China’s peer-to-peer lending crash

Last summer, more than 400 peer-to-peer (P2P) lending platforms in China collapsed, costing thousands of Chinese millions in lost investments. The reason for their collapse is due to the lack of regulation governing them and that many of them are actually a fraud, essentially online Ponzi schemes. Amazingly, there are …

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Reduced online lending in Kazakhstan thanks to tightened rules

The National Bank of Kazakhstan introduced several changes last year that have affected online lending. Specifically, the Bank limited the annual effective rate to 100% and also reduced the total amount of repayment to a maximum of 100% of principal. In other words, a maximum of KZT 40,000 can be …

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FinTech development can bloom in absence of oversight

The lack of regulations governing many areas of FinTech in Russia is providing many great opportunities for FinTech startups to test innovative new solutions that might be difficult to test elsewhere, particularly in the more-regulated West. This is especially true in three areas: peer-to-peer (P2P) lending, collective investments and cryptocurrency. …

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Experts predict Kazakhstan’s 2019 FinTech trends

In 2018, Kazakhstani financial institutions began working more closely with FinTech companies and purchasing a large number of FinTech products, giving more and more consumers in the country access to modern financial solutions like e-Wallets. In 2019, financial institutions in Kazakhstan are expected to continue their interest in FinTech solutions; …

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Infographic: 10 FinTech trends to watch in 2019

Global investments in FinTech have more than tripled since 2014, amounting to over USD 12 billion. Given this incredible growth, here’s a look at 10 key FinTech trends to keep an eye on in 2019.  Video: the dark web New Sberbank service protects against non-fulfillment of obligations BFC FinTech Monitor …

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Video: 4 predictions for FinTech in 2019

FinTech has become increasingly influential in markets around the world. Here are four predictions for how FinTech will continue to impact our lives in 2019. Video: RegTech trends MasterCard and IBM create Truata, an independent data trust 62 Insane Facts about Bitcoin

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FinTech highlights the good and bad of lending in China

The use of FinTech in China is highlighting both the good and the bad of lending in the world’s second-largest economy. On the good side, FinTech is being used in China to propel online consumption and fuel the overall economy’s growth. It has also expanded financial inclusion in the country, …

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How FinTech is helping the unbanked and underbanked

For many around the world (especially those in rural areas), access to financial services represents a major problem; however, FinTech is bridging that gap and helping more and more consumers access them. Here a few ways FinTech is helping the unbanked and underbanked access financial services in 2018: Online lending …

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