The rise of the social and wellbeing benefits platform Betterfly has been meteoric in LatAm.
Buy now pay later services are becoming one of the biggest benefactors during the current crisis; consumers have turned to...
Digital only banks have certainly attracted the attention of incumbents as they look to keep up with customer experience innovation; in the past year banks like Chase, RBS and others have started creating their own digital only brands; the digital only banks have been able to more easily create online marketplaces for products, better options for traveling and mobile workers and they have made the customers a part building the experience; this more nimble, quicker way of building has put pressure on big banks to keep up as many sizable banks have many layers of compliance and process to build. Source.
UK based challenger Starling Bank has seen some good success with their banking as a service offering; the company says...
Two out of five turndowns could become viable loans if traditional institutions augment credit scores with alternative data from deposits.
Hong Kong-listed Credit China FinTech Holdings led the launch of the fintech fund with 11 other partners that consist of central state-owned enterprises, provincial investment funds, trust and securities firms and private equity firms; financial gain was not the main motivation of the fund as the participants are looking at exposure to the emerging fintech space and possible partnerships in the future; "China's fintech sector was started later than the West's but is expanding at an unparalleled pace compared with the West," Credit China Executive Director Sheng Jia said at the opening ceremony. Source
Mexico's online lending platform and Buy Now, Pay Later or BNPL service provider Kueski has secured $202 million in capital via a debt and equity round that has been led by StepStone Group. Kueski claims to be the largest online consumer lender in Mexico. It
The blockchain insurance consortium B3i has secured 38 members worldwide including Allianz, Swiss Re and AIG; the project would help these insurers move away from their paper based processes and secure contracts on distributed ledgers; right now blockchain is not widely used in insurance and the project is hoping to bring along the change; B3i estimates the changes could help the industry to save over 30 percent of costs. Source.
Brex announced partnership with Airwallex to enhance the company's global expansion. The collaboration will bring Brex's solutions worldwide.
The fintech startup is teaming up with Square, Stripe and dozens of others on a digital pay-by-bank offering.