Real-Time Payments Will Get Real In The U.S. In 2019
#Real-time #payments aren’t just faster, they make demands on bank infrastructure and fraud detection.
Financial Technology
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Google And Amazon Favor Fed Role In Real Time Payments
If #banks are worried about big tech players getting into #payments, they have a right to be — #Google and #Amazon, among others, would like access to Fed faster payments.
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Banks Aren’t Addressing ‘Real, Human Problems,’ Monzo CEO Says
EXCLUSIVE— #Banks need to focus on fixing all of the little #problems humans encounter in daily life, rather trying to sell more mortgages and credit cards to their users, Tom Blomfield, CEO of UK neobank #Monzo, said today in an online Q&A. Banks need to focus on “#real, #human problems,” Blomfield wrote, in response to […]
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Seed Deals Up in NYC, With Fintech and Real Estate in the Leads
#Seed deal volume increased in the second quarter of 2017 for the first time in six quarters, according to investment firm Primary Venture Partners. According to a report released this week, 37 #deals closed during the quarter, up 6% from the previous quarter totaling in $ 67.1 million. That marks a 16% increase from the previous […]
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European ‘Real Tech’ Badly Lags US Because It Lacks Later Stage Funding — Magister Advisors
Europe needs more #later #stage #funding if it is going to grow its #tech firms to billion euro unicorn scale, according to #Magister #Advisors‘ Victor Basta.
Tom Groenfeldt – Financial Technology -
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Banks Need to Get Real with Fintech Startups
It’s clear that #fintech #startups are not going away — there are more of them all the time. (And here are five more.) What&8217;s not clear is how they are getting along with #banks. The number of publicly announced substantial partnerships is vanishingly small. Startups are getting fed up with banks&8217; hurdles and long sales cycles, […]
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A New Real Estate «Crowdlending» Platform in Switzerland
Latest #FinTech to be launched, based in Geneva, SwissLending allows developers to complete their funding directly from individuals in search of attractive returns on unique and visible projects
SwissLending, a new player within the FinTech ecosystem and the first crowdfunding #platform in #Switzerland specializing in loans for #real #estate professionals, was officially launched in Geneva.
Activity began in early 2016 to test the procedures implemented by the company. Two transactions were completed successfully in Lancy, Switzerland and Villiers-sur-Marne, France, for a total amount of funds raised over CHF 1.1 million.Globally, the crowdfunding industry had grown to approximately $ 34.4 Billion (yes, with a “B”) by the end of 2015, according to the study published by Massolution. Looking at those numbers by market segment, two stand out in terms of volume: lending to businesses and individuals, and real estate crowdfunding.
The latter, growing rapidly, is valued at $ 2.57 billion in 2015, but this sector is still in its infancy in Switzerland. As exposure and education increases, so will the size of the market.
In practice, the level of equity is the Achilles heel of a promoter seeking growth. Promoters currently face two major and recurring problems: longer product cycles (almost systematic recourses on building permits) and increasing capital requirements asked by their banking partners.
These two phenomena cause the slowdown of development of new real estate operations. #Crowdlending is the opportunity to address this downturn by offering developers additional funding in complement to that of the #banks.
In the property sector, the crowdlending revolution is even more active as real estate investing has always been reserved to institutional investors and UHNWI. The need to democratize the offering, generally considered rewarding (yield from 6% to 12%) and with controlled risk, is the purpose of SwissLending.
It will place the investor at the heart of projects’ financing of public utility – the construction of housing, offices &8211; with high added value. The funding lasts only a few months and is reimbursed at the completion of the construction and sale of the lots.
In summary, the historical funding model of real estate transactions is not as dynamic as it once was. Banks are more cautious and the cycles of real estate transactions are longer. Real estate crowdlending is an innovative financing alternative, and an interesting source of profitability for developers and investors.
The post A New Real Estate «Crowdlending» Platform in Switzerland appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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Ripple may become real competition for SWIFT in cross border payments
ID:38626297 Image source. Next week, 8,000 bankers and their vendors fly into Geneva for 4 days of talking about #FinTech. Last year I had to fly to Singapore. This year, I can just hop on a train from Bern (sayonara jet lag). Last year Emergent Fintech started to move ontoRead More
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Going, going, gone – crowd funded real estate taps into Australia’s love affair with property
Australians have a #love #affair with #property. According to CoreLogic data, Australian house prices have already increased by 6.3 percent this year. On its own, this number is relatively impressive, however it’s the post GFC growth data that tells a rather more sobering or encouraging story – depending on whichRead More
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Open Letter to the OCC: Make Real Innovation Possible
A trifling blogger on banking #innovation writes to the Office of the Comptroller of the Currency, despite its historically apathetic view on such matters.
Bank Innovation
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