A new #fintech startup is letting consumers make loans to peers and positioning itself as an alternative to the #payday #loan industry, and there’s something in it for #banks too. Since launching this past April, #SoLo #Funds, a P2P lending platform, has processed nearly $ 200,000 in small-dollar short-term loans. With small loan amounts and a default rate […]
Bank Innovation
Overdraft #fees and checking account minimums discourage the #poor from using #banks; #pawn #shops are an alternative to payday lenders.
Financial Technology
EXCLUSIVE – With the Equifax hack, the perils of a data breach are no longer a hypothetical problem. The hack has laid out the red carpet for startups focusing on data #security. #Nuggets is one such company. Based in London, Nuggets is a zero-knowledge security company that uses #blockchain #technology and biometric authentication to protect […]
Bank Innovation
The wealth management industry is behind the digital curve compared to other parts of financial services. There aren’t any noteworthy innovations in financial assets subsequent to the subprime crisis, which tainted structured products. ETFs are most certainly the only one item that has scaled and gained broad acceptance, especially inRead More
Bank Innovation
#Ethereum has executed a #hard #fork of its #blockchain, returning #funds lost in The DAO collapse to investors.
CoinDesk
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