March 2021

Stocks closed near a record high on Wednesday after the Federal Reserve pledged to maintain accommodative monetary policy through ultra-low interest rates and asset purchases until the economy recovers. "substantial"…

Shibabrata Bhaumik, Founder and CEO of PayQ & HotelnStudioIt started with online payments, then online lending and asset management platforms and now it's the next generation of banking system called "Neo Bank".!--Artical>…

LONDON/NEW YORK (Reuters) - Aritra Chakravarty, founder of London-based online accounts and investment provider Dozens, admits it's difficult to hunt up to 15 million pounds ($19 million) for a startup -up.General view of the Project…

Ant Group is a financial technology titan that created a simple mobile payment system used by hundreds of millions of Chinese every day.…

BEIJING (AP) — Chinese police have investigated 380 online lenders and frozen $1.5 billion in assets following a flurry of scandals in the huge but loosely regulated industry, the government said Monday.Beijing has allowed a private…

When Ant Group released its investor prospectus leading to the financial technology (fintech) giant's aborted IPO in November, it was a reminder of how far the reach of its…

Russian lawmakers passed a controversial bill on Wednesday that includes an expansion of who qualifies as a “foreign agent” in a new crackdown on dissent.The legislation, which passed the third reading in Russia's lower house of parliament,…

SAN FRANCISCO, January 28, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's leading online lending marketplace connecting borrowers and investors, Received a score of 85 out of 100 on the Human Rights Campaign…

FORM 8.3DISCLOSURE OF OPEN POSITION TO THE PUBLIC / DISCLOSURE OF OPERATIONS BY A PERSON HOLDING AN INTEREST IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”)1. KEY INFORMATION(a) Full Name of…

New class works solely through nitric oxide (NO) mediated activityLowering of equivalent intraocular pressure (IOP) and faster onset of activity demonstrated compared to travoprost, a prostaglandin (PGA) analogueFebruary 23, 2021 – release…

Ontarians are about to taste Triple O'sWest Coast burger chain Triple O's is entering Ontario with plans for 30 locations. The spin-off of White Spot, the restaurant that introduced the burger to Canada, will safely launch six restaurants…

Mumbai: Online insurance aggregator PolicyBazaar executed another secondary stock sale worth around $45 million, in which private equity firm True North and some angel and individual investors sold their shares , people familiar with the…

Consumer lending in the United States reached nearly $1.5 trillion in 2018, according to the Federal Reserve Board of Governors, and European banks reported demand growth of 25% in the second quarter of 2018. Needless to say,…

The Reserve Bank of India (RBI) has received complaints against 1,509 digital loan applications, Union Minister of State for Finance Anurag Thakur told the Lok Sabha in a written response. According to Thakur, the RBI received complaints…

The average small business has only 27 days of money in reserve. One in four people are less than 13 days old. Even successful ones face cash shortages that can hamper their growth. The solution is simple: an…

The news of Ant Group's IPO suspension, shocking to business watchers, was warmly welcomed by some segments of China's youth. Many of the primary users of Ant Finance's leading micro-loan products, neither the "shitty youngsters"…

The Delhi High Court on Friday requested a response from the Center and the Reserve Bank of India (RBI) to a petition seeking to regulate online lending platforms operating through mobile apps.A bench of Chief Justice DN Patel and Justice…

from the editor note: Many events are canceled in response to the COVID-19 pandemic. We recommend contacting the event host before showing up to verify. Monday Community Chico Seed Orchard: Main gate: 7 a.m. to 3.30 p.m. Pedestrian gate: 7…

Chinese delegates leave at the end of the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China March 5, 2021. REUTERS/Carlos Garcia RawlinsBEIJING (Reuters) - China plans to strengthen…

BEIJING (Reuters) - Chinese fintech companies should meet capital adequacy requirements within a maximum of two years, Guo Shuqing, head of the China Banking and Insurance Regulatory Commission (CBIRC), said on Tuesday. .FILE PHOTO: China's…

Ant Group told employees it hopes to eventually resume its initial public offering (IPO) and that before that happens, it is working on a plan to provide a solution for staff looking to monetize their stock holdings.According to people…

The Kohala Center press releaseFood producers and small businesses in Hawaii looking for financial support now have a local ally to help them secure interest-free microloans through one of the world's leading crowdfunding platforms.The…

LendingClub today announced its fourth quarter results and their recovery from the depths of the pandemic continues. Loan originations were up 56% from the previous quarter, although they were still down…

The privacy watchdog has recommended the criminal prosecution of an online lender who harassed and shamed borrowers into paying off their debts, more than a year after an investigation was announced. The National Privacy Commission (NPC)…

Owners of an online lending app who allegedly broke data privacy rules now face the full force of the law and could end up getting up to six years in prison and paying up to 6 million pesos in fines. The National Privacy Commission…

Online lending platforms are required to contribute at least 30% of loan funding they offer under their partnership with commercial banks from January 1, 2022, according to a statement from the China Banking Regulatory Commission.…

SAN FRANCISCO, March 3, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced that the Marketplace Lending Association (MLA), which it co-founded, will merge with the Online Lending Policy Institute ("OLPI") to form the…

Lending in online marketplaces is driving a…

There is a wave of Latino entrepreneurship sweeping across the country. But, like the The Stanford Latino Entrepreneurship Initiative recently foundthis wave is not peaking as high as it could because while Latinos are…

Edie Madoc-Jones was born at just 23 weeks 4 weighing 1lb 4oz A baby who was born at just over 23 weeks and weighed just 1lb 4oz is now thriving and has just celebrated her second birthday.When Edie Madoc-Jones was born, she was the size of…

Editorials Thursday, July 11, 2019 Mobile-based online lending businesses should be regulated to prevent the flow of illicit money into the country's financial system. FILE PHOTO | NMG Jhe statement by the Governor of the…

Hello. Here's our morning roundup of all the media news you need to know. Want to get that briefing in your inbox every morning? Subscribe here. When reporters surfaced at a major political science gathering in Chicago,!-->…

For immediate releaseChicago, IL - March 2, 2020 - Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets.…

President Donald Trump speaks to reporters on the South Lawn of the White House in Washington, Saturday, June 22, 2019, before boarding Marine One for the trip to Camp David in Maryland. (AP Photo/Susan Walsh)On Monday, Republicans…

The Qinhuangdao elevated bus, seen last month in this…

At least 30 countries have either implemented a real-time or near-real-time payment system, or are in the process of implementing or planning one.In the United States, the Federal Reserve is leading a multi-year effort to develop a faster…

SpaceX launched its 21st NASA Commercial Resupply Services (CRS) mission to the International Space Station on Sunday, using an all-new variant of its Dragon capsule spacecraft. This new Dragon freighter has a greater load capacity and can…

Jennifer Jason Leigh and Phoebe Cates in Fast Times at Ridgemont High (Credit: Universal)Inside Cameron Crowe's '80s must-have Fast times at Ridgemont Highthe storyline in which Jennifer Jason Leigh's Stacy has an abortion is treated simply…

Prime Minister Narendra Modi will launch a new tax scheme to honor and encourage honest taxpayers across the country on Thursday, August 13. The platform, "Transparent Taxation - Honoring Honesty", will be launched via videoconference.…

(Bloomberg Opinion) - After five states - Arizona, Mississippi, Montana, New Jersey and South Dakota - passed ballot measures for marijuana use last week, the drug will soon be legal under one form or another for 70% of the American…

Prospa was marketed as the "biggest floater of the year", but its public listing on the ASX was again delayed - this time, indefinitely.The online small business lender - or "fintech" as it is happily called - was supposed to start trading…

Promising “major and transformative changes” in the centre-sponsored program “Post-Matric Scholarship for Students Belonging to Scheduled Castes (PMS-SC)”, the Center on Wednesday approved Rs 59,000 crore which will be spent on more than…

Underscoring the need to modernize its police force, Bihar Chief Minister Nitish Kumar said on Wednesday that the state government will make funds available from its resources in addition to support from the Center for this purpose.…

California made history on September 30 when Governor Jerry Brown signed the nation's first bill that will provide truth in lending for small business borrowing. As an organization that promotes small and micro businesses, we are…

Mocking BJP's oft-repeated claim that Gujarat's development model would be implemented in West Bengal if the party wins the upcoming state polls, Chief Minister Mamata Banerjee said on Wednesday that the people will have to prevent that…

Throwing his weight behind struggling India fly-half Prithvi Shaw, former Australian cricketer Brad Hogg suggested the 'talented' youngster be tried in the middle order.Hogg felt the youngster's technique is better suited for fourth or…

Blankets containing the photograph of so-called god Asaram Bapu convicted of rape were reportedly distributed to inmates at Shahajahanpur district jail in Uttar Pradesh, some 175 kilometers from Lucknow, leaving authorities red-faced.Asaram…

A day after the results of the DDC poll in Jammu and Kashmir in which the PAGD appeared to be heading for a clear majority, the BJP on Wednesday sought to build the “biggest party” narrative in its favor and claimed that the polls showed a…

The government on Wednesday launched a technology competition to invite solutions from IT firms and start-ups to bolster the CoWIN digital platform, which will be used to deploy and expand the distribution of the Covid vaccine across the…

Jammu and Kashmir Peoples Democratic Party Chairman Mehbooba Mufti on Wednesday accused the Center of "arming" polling agencies such as the NIA, ED and CBI "for political purposes", and said the BJP should stop harassing friends, family and…

The holiday season has traditionally been the best time to make a deal on a home, as people are often too busy with hectic schedules (which stretch from Thanksgiving to New Years) to worry about selling their home or…

HONG KONG — China suspended Ant Group's $37 billion stock market listing on Tuesday, thwarting the world's biggest IPO just days from the end, dealing a blow to the fintech company founded!--googleon:index-->…

This alert describes recent potentially seismic changes in the fintech regulatory landscape affecting the regulation and business model of China's online micro-credit company ("MLC") - a part of the mainland economy that has gained…

SANTA MONICA, Calif., January 13, 2021 /PRNewswire/ -- Used car leasing platform Fair announced today that it will become the premier used car leasing alternative offered on LendingTree, the world's largest online lending marketplace.…

Affirm continued its post-IPO winning streak on Thursday. The stock has now jumped 160% in just two days of public trading. The online installment loan provider…

ISLANDIA, NY--(BUSINESS WIRE)--Teledata Communications, Inc. (TCI), the provider of DecisionLender 4 (DL4), a cloud-based consumer loan origination platform, today announced that Axos Bank, based in San Diego, has expanded its auto…

Covid-19 will help normalize online lending and bring fintech into the mainstream, several industry players have claimed. During the two days of the LendIt EU Fintech 2020 virtual conference, many personalities from the world…

Last night Congress finally passed a new round of stimulus funding. The $900 billion Covid-19 relief package included $285 billion for a renewed paycheck protection program. You can read the full text of Bill…

Last week, the market lending rumor mill was active with “news” that small business lending platform, Able Lending, was shutting down. Here at Lend Academy, we do not share these rumors until we can verify their…

WASHINGTON — Financial institutions can now enroll to participate in the Federal Reserve's Main Street Lending Program, the Federal Reserve Bank of Boston announced Monday. The program, aimed at helping small and medium-sized businesses…

Here are what I consider to be the top 10 most important fintech news from the past week. New Google Pay App Update Offers More Ways to Pay, Save and Get Insights About Your CNBC Money - The Tech Giants Keep…

WASHINGTON—The Federal Reserve is extending its bailout program for middle-market businesses through Jan. 8 to give the central bank more time to process loans that were submitted before the program closed.The Main Street loan program was…

JGI/Jamie Grill | Mix images | Getty ImagesWith more people applying for mortgages online, the lending landscape needed to become fairer.The logic was that lenders couldn't discriminate against a borrower based on their skin color if they…

ranjit Saraia digital banking expert and a start-up advisor rightly said: "People don'ted banking, not banks”. The last decade has changed the way of banking for every individual in the country with the emergence of digital lending…

WASHINGTON — The Federal Reserve and the Treasury Department have agreed to extend the terms of four emergency lending facilities, created in response to the coronavirus pandemic, through March 31.Treasury Secretary Steven Mnuchin on Monday…

CRED has introduced two new products aimed at increasing the financial confidence of individuals. CRED RentPay allows members to pay their highest recurring household expenses, their monthly rents, on credit. The second product, CRED…

For some time, banks, credit unions, lenders, and even car dealerships themselves have been discussing the need for more online shopping and borrowing options for consumers. Given the current pandemic landscape that we are all facing, it…

After decades of operating on the periphery of financial services, black-owned banks are beginning to find seats at the tables where corporate transactions are negotiated.Two large construction loans — one involving several black-owned…

SAN FRANCISCO, January 19, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's leading online lending marketplace connecting borrowers and investors, announced today that it has now received all banking regulatory approvals…

Over the past few years, the fintech industry has taken the Indian financial sector by storm. With each passing day, it is rapidly evolving to attract the attention of borrowers from traditional bankers and financial institutions with…

True Balance, a South Korean startup that runs an eponymous financial services app for tens of millions of users in small towns and villages across India, said on Wednesday it raised $28 million in a new funding…

Alternative loans We hear from industry leaders in alternative lending about what we can expect over the next 12 months as the pandemic continues to bite. Image source: Photo by Anna Shvets from PexelsThe global pandemic has brought…

OnDeck, the once high-flying online lender, is being sold to Enova in what amounts to a fire sale. Getty OnDeck, the once high-flying online lender that has fallen on hard times made worse by the COVID-19…

MUMBAI (Reuters) - Alphabet Inc's Google has removed some lending apps aimed at Indian consumers from the Play Store in a bid to protect users, it said in a blog post on Thursday.FILE PHOTO: The logo of Google is seen on a building in the…

FILE PHOTO: A man rides an electric bicycle in front of the China Banking and Insurance Regulatory Commission (CBIRC) building in Beijing, China February 14, 2019. REUTERS/StringerBEIJING (Reuters) - China's banking and insurance regulator…

BizCapital, a Brazil-based online lender, has raised $12m from a group of investors including German development finance institution, MercadoLibre's corporate venture capital fund and existing investors Quona Capital, Monashees, Chromo…

Ant Group, Tencent and JD.com are facing a crackdown from Beijing over fears of excessive consumer lending through their platforms, a major cash cow for the Chinese tech giants. The three companies, along with others, will now have to share…

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. Hong Kong, March 03, 2021 (GLOBE NEWSWIRE) -- Moxian, Inc. (“Moxian” or the “Company”) (MOXC), a provider of…

Details By IntegriShield February 19, 2021…

TrueLayer, the London-based tech startup that builds financial apps for banking and payment solutions, has partnered with Wombat to provide payment APIs on investment accounts. The SaaS platform uses a toolkit to create specialized…

AUSTIN, TX and SAN FRANCISCO, February 24, 2021 /PRNewswire/ -- A subsidiary of Peak Rock Capital LLC ("Peak Rock"), a leading middle-market private investment firm, today announced that it has partnered with Neptune Financial (" NepFin”)…

“My Sesame credit rating hasn't changed in three months,” Jiwei lamented, his voice betraying both bewilderment and frustration.Jiwei — to protect the identity of my research…

“Fintech is basically if Wall Street and Silicon Valley had a child,” said Jeff Hauser, director of the Revolving Door Project, a progressive advocacy group. "Over time, if they get too strong in these unregulated areas, they will take…

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The fintech industry has come a long way in a short time. Although fintech has been around for decades, I think we can all agree that over the past few years it has really come of age. And since the coinage of…

2018 has been a roller coaster of change and development in key industries such as technology, finance, healthcare, retail and enterprise. For this year, here are the 10 business trends that will be followed. Marketing and business1.…

One would assume that an online lender like LendingClub Corp (NYSE: LC) verifies borrower income in 100% of transactions. But that's not even close to the case, according to Bloomberg's report. LendingClub verified income about…

The United States has the dollar, while Great Britain has the pound. We have a president, and they have a queen.Now add one more item to the list of differences between the two closely linked nations: the US has loans in the market, a…

Opinions expressed by Contractor the contributors are theirs. After six years together, Matt Milsap popped the big question to girlfriend Amanda Cambra on Sept. 21 at their home in Bethel, Connecticut.…

Today, according to the Pew Research Center, more than 50 million American adults are mobile-only consumers. This shift has fundamentally changed consumer preferences and led to new consumer behaviors that…

AdvertisingOver the weekend, the United States and China declared a ceasefire in their escalating trade dispute. Both parties have agreed to suspend tariffs while negotiations continue. Although China has made vague promises to reduce its…

When it comes to Fintech, it seems like the flower is finally breaking away from the rose. Once the hottest industry, fintech has seen its fair share of failures and struggles lately. Everyone from online lenders to banking…

WASHINGTON — A day before Consumer Financial Protection Bureau Director Kathy Kraninger will testify before the House Financial Services Committee, House Democrats introduced legislation to reverse efforts to weaken the agency by his…

WASHINGTON — During her appearance before the House Financial Services Committee on Thursday, Consumer Financial Protection Bureau Director Kathy Kraninger gave the panel's Democratic majority little assurance that she would reverse the…

In his final days in office, the biggest names in American business are dumping President Donald Trump on charges he instigated last week's deadly mob attack on the US Capitol.Twitter kicked the president out of the platform he relied on to…

A recent age discrimination lawsuit against a regional bank holds lessons for bankers and trustees who may face tricky questions about succession planning.In a lawsuit filed last month in the Hamilton County Court of Pleas in Ohio, a former…

Photo credit: Kerkez - Getty ImagesCybercriminals have been quick to exploit the increase in online shopping in the wake of the pandemic and lockdowns, and unfortunately, now that Christmas is approaching, scams are on the rise.The main…

Following the Yes Bank crisis, the Reserve Bank of India (RBI) stepped in to restore confidence in private banks. After its action against Yes Bank, the central bank noticed that some state governments had advised their bodies to transfer…

Has the Lending Club debacle taught the alternative lending industry anything? Perhaps, but the lesson is not that players should abandon the market. The market's lending space continued to expand, even after the fallout from the Lending…

Pacific silver | Economy | East Asia The Chinese government continues to add oversight and structure to this rapidly growing industry.…

Austin Capital Bank, a Texas-based institution with $71.4 million in assets, will lend to a new online consumer lending platform called Self Lender, the two companies announced.Denver-based Self Lender markets loans it says will strengthen…

Online lending platform Kabbage says it is seeing more mobile lending, more women and minority-owned businesses seeking loans, and more businesses from rural and low-to-middle income communities as well.Small Business Trends reached out to…

As regulators crack down in China, FinTech executives are scrambling for capital and trying to plan for their future, Bloomberg reported Wednesday (November 25). Jack Ma's Ant Group, once poised to be the future of finance in the country,…

As the Office of the Comptroller of the Currency continues to focus on granting bank charters to fintech firms, some pundits have disrupted the debate over non-traditional bank owners by saying a different agency should be in charge. .Last…

That sound, and the graph above *, is the growth in online lending in the UK that has all but come to a halt. Overall, the Big Five have not grown significantly since around September 2015; the smaller players are pretty much where…

A recap of yesterday's webinar on how fintech lenders are responding to the small business crisisMarch 27, 2020 By Ryan lichtenwald 1 comment Views : 636 Small businesses are the lifeblood of America and so many of…

As the country continues to fight the COVID-19 pandemic, several vaccines are now available, revealing a light at the end of the lonely tunnel. However, not all citizens will be vaccinated. Mechanical contractors will need to continue…

Famous Chinese businessman and one of the richest men in the world, Jack Ma (Ma Yun) has not been seen in public for weeks wondering where he is.He also disappeared from his reality TV show, Africa's Business Heroes, and was replaced by an…

BEIJING (Reuters) - China's banking and insurance regulator on Saturday released draft rules on commercial banks' online lending activities, prohibiting the use of such loans for riskier investments and capping consumer credit online…

Ant Group UpdatesSign up for myFT Daily Digest to be the first to know about Ant Group news. Beijing is speeding up plans to bring Jack Ma's Ant group more closely under its control as part of a "rectification" campaign…

I was finally able to conclude my quarterly performance report for the fourth quarter of last year. I shared my detail quarterly returns with readers since 2011 and will continue to do so for the foreseeable future. Given the turmoil we…

from China Group of ants reportedly intends to create a new consumer finance company that would allow the company to consolidate its base in the country's online lending industry. Meanwhile, Ant - what a Chinese giant Alibaba Holding Group…

Atari, seeking to capitalize on the popularity of non-fungible tokens (NFTs), plans to open a casino in the coming months, according to a report by Business time. The casino was developed in partnership with the Decentralized games on the…

OAKLAND, Calif .-- (COMMERCIAL THREAD) -LENDonate, an Oakland-based fintech company, announced another customer success, this one amid the COVID-19 pandemic. LENDonate's nonprofit lending platform helped secure a $ 29 million loan…

Fintech updatesSign up for myFT Daily Digest to be the first to know about FinTech news. A senior official at China's banking regulator warned that technological advances in the financial sector risked creating monopolies,…

Digital mortgage platform provides services to manage the borrowing process. Digital Mortgage Platform aims to simplify, automate and standardize training, underwriting, quality assurance and customer support processes. This enables…

By Karen Epper Hoffman Mmore than any other event in decades, the ubiquitous COVID-19 virus and its fallout this year has changed every element of people's lives - from the way they work, where they eat and shop, how they…

Band Richard Cowan…