Marketplace Lending News Roundup – February 16, 2019

American Banker looks at some of the numbers in the recent CB Insights report. SoFi held talks to acquire a fintech backing some of the hottest robo …

News

During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Goldman Sachs, Point72 and others invest $44 million in business credit startup Nav from Reuters – We start the week off with yet another big funding round. This time small business credit marketplace Nav has closed a $44m round from the likes of Goldman Sachs and Point72.

Amazon’s lending perpetuates the tech giant’s control over small businesses from Tearsheet – Amazon remains tightlipped about their small business lending operation but as Tearsheet reports these loans come with some potentially onerous restrictions.

Why has the FCA Refused the Application of Mintos and has the Decision any Consequences? from P2P-Banking – Interesting piece from P2P-Banking today on the move by Latvian lending marketplace Mintos into the UK and their rejection by the FCA.

Why venture capitalists love fintechs from American Banker – With so many funding rounds announced already this year it is clear that venture capitalists are still enamored with fintech. American Banker looks at some of the numbers in the recent CB Insights report.

SoFi held talks to acquire a fintech backing some of the hottest robo advisors as it eyes expansion beyond its lending roots from Business Insider – Interesting story about SoFi in Business Insider. They tried to acquire Apex Clearing, a digital wealth custodian, but could not agree to terms so instead they made a minority investment.

UK fintech unicorn Revolut forced to deny links to Russia from Business Insider – It seems that Revolut is in the news every day right now, this time it is accusations of political meddling in Lithuania, the country where they obtained their European banking license.

Dear Congress: Time to clarify ‘true lenders’ from American Banker – Interesting op-ed in American Banker on the “true lender” issue. I completely agree that Congress needs to act on this issue so that banking is not hobbled by a 20th century mindset.

A record 7 million Americans are 3 months behind on their car payments, a red flag for the economy from The Washington Post – There is a record number of auto loan delinquencies today. Is this the canary in the coal mine signaling the next recession? Maybe. Interesting that loans issued by the car companies are performing the worst.

Consumer lender Insikt rebrands as Aura from American Banker – Non-prime consumer lender Insikt is rebranding to Aura. They explained the origins of the new name this way: comparing a person’s aura to a credit score, saying, “It seems invisible, but it matters a lot.”

Starling Bank, now with 460K consumer accounts, raises £75M more for European expansion from TechCrunch – The strong fundraising start to the year for fintech continues with UK digital bank Starling Bank closing a £75m funding round.

Square’s banking bid avoids backlash that doomed Walmart’s from American Banker – While hurdles remain Square’s ILC application is receiving broad support and industry observers are optimistic it will be approved.

Citi rolls out new personal loan, online savings account from American Banker – Now, this is interesting. Citi is rolling out a new loan product they are calling Citi Flex Loan where credit card customers can convert part of a revolving credit line into a loan with a fixed APR.

German Lending Marketplace auxmoney Overtakes Midsize Banks in Consumer Loan Origination from Crowdfund Insider – The leading German online lending platform auxmoney issued €551 million of new personal loans in 2018, outperforming many medium sized German banks.

CommonBond gets $750 million in lending funds from top banks from American Banker – Big news from CommonBond this week as they announced an additional $750m in lending capacity from some of the biggest names in banking.

Zopa names new P2P chief and chairman from P2P Finance News – It is the end of an era in the UK. Giles Andrews, one of the co-founders of the world’s first p2p lending platform Zopa is stepping down as Chairman with Gordon McCallum being appointed to replace Giles.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

Faster payment processing coming soon. – LendingClub’s announcement of faster payment processing means some changes to the secondary market.

Notes Disappeared – One LendingClub investor is reporting a handful of missing notes according to their account statement.

Cumulative ROI by Vintage Beginning 14Q1 – One Year Update – A forum member shares the latest tables on cumulative ROI by vintage.

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Global Financial Technology Market Expand Their Businesses with New Investments in 2019 and …

MarketResearchReports.Biz presents this most up-to-date research on Financial Technology Market – Global Industry Trend Analysis 2012 to 2017 …

MarketResearchReports.Biz presents this most up-to-date research on Financial Technology Market – Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025

Financial Technology is a term used to assist those companies operating in the financial technology sector. The Financial Technology is the integration of financial services with information technology. This integration assists in reshaping finance services by facilitating easy and smart management of financial activities. Another advantage associated with this technology is it improves the quality of financial services and reduce overall operational cost, and thus contributing to creating a more diverse and stable financial landscape.

Financial Technology Market: Drivers and Restraints

Increase in inclination towards new technology solution such as online, mobile payments, big data, alternative finance and financial management, surges the need for simple technology that assists in efficient financial management, which is positively influencing the demand for Financial Technology market. Also, growing dependence of technology in every sector to facilitate ease and flexibility in maintaining records act as major parameters backing the adoption of financial technology, which is the other driver for the growth Financial Technology solution during the forecast period.

The legacy financial system is projected to witness serious threat from developing technologies such as BlockChain technology, therefore to exclude the demand for an intermediary trust agent for payments settlements is another factor contributing to the growth of the market during the forthcoming years.

Also, increase in digitization in the financial sector is the important parameter due to which the demand for Financial Technology solution is likely to surge.

Get Sample Copy of this report @ https://www.marketresearchreports.biz/sample/sample/11873

Global Financial Technology Market: Market Segmentation

Global Financial Technology Market can be divided into five segments, on the basis of services, component, deployment, end-user, and Region.

Segmentation on the basis of the Services for Financial Technology Market as:-

The major segments of Financial Technology market on the basis of the Services include:-

  • Peer-To-Peer Money Transfers
  • Lending Services
  • Online Payments
  • Mobile Payments

Segmentation on the basis of the by component System for Financial Technology Market as:-

The major segments of Financial Technology market on the basis of the component include:-

  • Software
  • Service

Segmentation on the basis of the deployment industry for Financial Technology Market as:-

The major segments of Financial Technology market on the basis of the deployment industry include:-

  • Saas
  • On-premise

Segmentation on the basis of the by end-user System for Financial Technology Market as:-

The major segments of Financial Technology market on the basis of the by end-user include:-

  • Banks
  • Financial Consultancy
  • others

Global Financial Technology Market: Competitive Landscape

The major player operating in Financial Technology market includes Social Finance, Inc. (SoFi), Stripe, YapStone, Inc., Braintree (PayPal), Adyen, Lending Club, Addepar, Commonbond, Inc., Robinhood, and Wealthfront, Inc.

In 2015 BillGuard; a financial technology services provider was acquired by a California-based company in the peer-to-peer lending industry; Prosper Marketplace. The acquisition cost approximately US$30 million. The objective of the acquisition is to scale business operation and to extract new business opportunities

Global Financial Technology Market: Regional Trend

North America market is expected to be largest markets with respect to the financial technology market, due to which, the market is expected to exhibit the significant growth rate with respect to the respective region during the forecast period.

Owing to the escalating in penetration of technology-driven workflow at the organizations in emerging economies such as China and India is the major reason, positively impacting the growth of the financial technology market. Also raising awareness about the financial software advantages such as accuracy and efficiency is another reason for the growth of the market in forthcoming years in Asia Pacific region.

Request For TOC Report @ https://www.marketresearchreports.biz/sample/toc/11873

The report covers exhaustive analysis on:

  • Global Financial Technology Market Segments
  • Global Financial Technology Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Global Financial Technology Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain for Financial Technology Market
  • Global Financial Technology Market Current Trends/Issues/Challenges
  • Competition & Companies involved in Financial Technology Market
  • Financial Technology Market Solutions Technology
  • Value Chain of Financial Technology Market
  • Global Financial Technology Market Drivers and Restraints

Regional analysis for Global Financial Technology Market includes

  • North America Financial Technology Market
    • US
    • Canada
  • Latin America Financial Technology Market
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Financial Technology Market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Financial Technology Market
    • Poland
    • Russia
  • Asia Pacific Financial Technology Market
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan Financial Technology Market
    • Middle East and Africa Financial Technology Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

View Complete Report at @ https://www.marketresearchreports.biz/it-and-telecommunication/11873/financial-technology-global-industry-market-research-reports

About us

MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

Contact

Mr. Nachiket

State Tower

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-621-2074

Website: http://www.marketresearchreports.biz/

E: [email protected]

Post Views: 7

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Qualitative Analysis: Financial Technology Market Size, Share – Industry Trend and Forecast 2017 …

The study of the “Financial Technology Market – Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025” provides the market size …

The study of the “Financial Technology Market – Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025” provides the market size information and market trends along with the factors and parameters impacting it in both short and long term.

Financial Technology is a term used to assist those companies operating in the financial technology sector. The Financial Technology is the integration of financial services with information technology. This integration assists in reshaping finance services by facilitating easy and smart management of financial activities. Another advantage associated with this technology is it improves the quality of financial services and reduce overall operational cost, and thus contributing to creating a more diverse and stable financial landscape.

Financial Technology Market: Drivers and Restraints

Increase in inclination towards new technology solution such as online, mobile payments, big data, alternative finance and financial management, surges the need for simple technology that assists in efficient financial management, which is positively influencing the demand for Financial Technology market. Also, growing dependence of technology in every sector to facilitate ease and flexibility in maintaining records act as major parameters backing the adoption of financial technology, which is the other driver for the growth Financial Technology solution during the forecast period.

The legacy financial system is projected to witness serious threat from developing technologies such as BlockChain technology, therefore to exclude the demand for an intermediary trust agent for payments settlements is another factor contributing to the growth of the market during the forthcoming years.

Also, increase in digitization in the financial sector is the important parameter due to which the demand for Financial Technology solution is likely to surge.

Get Sample Copy of this report @ https://www.marketresearchreports.biz/sample/sample/11873

Global Financial Technology Market: Market Segmentation

Global Financial Technology Market can be divided into five segments, on the basis of services, component, deployment, end-user, and Region.

Segmentation on the basis of the Services for Financial Technology Market as:-

The major segments of Financial Technology market on the basis of the Services include:-

  • Peer-To-Peer Money Transfers
  • Lending Services
  • Online Payments
  • Mobile Payments

Segmentation on the basis of the by component System for Financial Technology Market as:-

The major segments of Financial Technology market on the basis of the component include:-

  • Software
  • Service

Segmentation on the basis of the deployment industry for Financial Technology Market as:-

The major segments of Financial Technology market on the basis of the deployment industry include:-

  • Saas
  • On-premise

Segmentation on the basis of the by end-user System for Financial Technology Market as:-

The major segments of Financial Technology market on the basis of the by end-user include:-

  • Banks
  • Financial Consultancy
  • others

Global Financial Technology Market: Competitive Landscape

The major player operating in Financial Technology market includes Social Finance, Inc. (SoFi), Stripe, YapStone, Inc., Braintree (PayPal), Adyen, Lending Club, Addepar, Commonbond, Inc., Robinhood, and Wealthfront, Inc.

In 2015 BillGuard; a financial technology services provider was acquired by a California-based company in the peer-to-peer lending industry; Prosper Marketplace. The acquisition cost approximately US$30 million. The objective of the acquisition is to scale business operation and to extract new business opportunities

Global Financial Technology Market: Regional Trend

North America market is expected to be largest markets with respect to the financial technology market, due to which, the market is expected to exhibit the significant growth rate with respect to the respective region during the forecast period.

Owing to the escalating in penetration of technology-driven workflow at the organizations in emerging economies such as China and India is the major reason, positively impacting the growth of the financial technology market. Also raising awareness about the financial software advantages such as accuracy and efficiency is another reason for the growth of the market in forthcoming years in Asia Pacific region.

Request For TOC Report @ https://www.marketresearchreports.biz/sample/toc/11873

The report covers exhaustive analysis on:

  • Global Financial Technology Market Segments
  • Global Financial Technology Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Global Financial Technology Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain for Financial Technology Market
  • Global Financial Technology Market Current Trends/Issues/Challenges
  • Competition & Companies involved in Financial Technology Market
  • Financial Technology Market Solutions Technology
  • Value Chain of Financial Technology Market
  • Global Financial Technology Market Drivers and Restraints

Regional analysis for Global Financial Technology Market includes

  • North America Financial Technology Market
    • US
    • Canada
  • Latin America Financial Technology Market
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Financial Technology Market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Financial Technology Market
    • Poland
    • Russia
  • Asia Pacific Financial Technology Market
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan Financial Technology Market
    • Middle East and Africa Financial Technology Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

View Complete Report at @ https://www.marketresearchreports.biz/it-and-telecommunication/11873/financial-technology-global-industry-market-research-reports

About us

MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

Contact

Mr. Nachiket

State Tower

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-621-2074

Website: http://www.marketresearchreports.biz/

E: [email protected]

Post Views: 19

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Saudi regulator launches regulatory sandbox to test fintech

… design of a sandbox regulatory environment that allows local and international financial technology firms to test new digital solutions as the kingdom …

The Saudi Arabian Monetary Authority (SAMA) has announced the start of the design of a sandbox regulatory environment that allows local and international financial technology firms to test new digital solutions as the kingdom pushes for economic transformation.

The move follows similar initiatives by other regulators in the GCC and aims to help the Saudi Arabian Monetary Authority understand and assess the impact of new technologies on the financial services market.

“Saudi has one of highest outflows of remittances in the region. Hence working on innovative ideas for cross border transfers, domestic payments, peer-to-peer lending for SMEs and other fintech ideas is a priority,” Mohamed Roushdy, head of technology at Dubai Asset Management, told Zawya.

“Saudi has one of highest outflows of remittances in the region. Hence working on innovative ideas for cross border transfers, domestic payments, peer-to-peer lending for SMEs and other fintech ideas is a priority”

“Sandbox could play a great role in getting those ideas to the market with the support of banks, which will be part of the sandbox next to fintechs,” he added.

Sama plans to transform the initiative into an “intelligent financial centre” that allows local and international companies to test digital solutions they intend to launch in the kingdom, the regulator said in a statement.

The list of permitted fintechs so far is comprised of Geidea, Bayan Payments Company Limited, HalalaH, Saudi Digital Payments Company (STC Pay), Saudi Post, Brightware, and Tap Payments, according to SAMA.

The sandbox environment will be linked to the kingdom’s Vision 2030, an overarching road map that aims to overhaul and diversify the country’s economy away from oil. The Financial Sector Development Program (FSDP), geared to transform and diversify the financial sector, and support national economy through financing and investment initiatives for private sector, are among the key pillars of Vision 2030.

Société Générale and several other banks are already eyeing opportunities that this economic transformation might bring.

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#3 Alternative Financing Options for MSMEs

Again, MCA can be availed through almost every other new age SME financers including Bajaj Finserv, TabCapital or Capital Float. P2P Lenders.
February 12, 2019 3 min read


You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

If you are an MSME in India, we don’t have to tell how difficult it is to raise funds in the country. Though the lending industry and government are taking significant steps to bridge the SME financing gap in the country, at the ground level entrepreneurs continue to complain.

In fact, it is been widely believed that the SME finance gap in India is roughly around $650 billion and this problem is not going to solve anytime soon.

Nevertheless, as an SME entrepreneur, we also don’t have to tell you’re about the traditional financing option like working capital and line of credit. But what when these options are exhausted and you need funds to keep the show up and running? What if you don’t have any collateral in hand to raise loans? You can’t shut the shop and ask everyone to go home, right?

This is when alternate finance comes at your disposal. Entrepreneur India gives three financing which helps you continue building your company without any financial hurdles.

Invoice Discounting

One of the key issues faced by MSMEs is related to late payments, especially if you are working with larger corporations. However, if the capital is stuck outside the system and you have the valid invoice in place – one can consider discounting these bills.

Invoice discounting or factoring – is been part of the business lending industry for quite some time now. However, with the introduction of GST, the process is more streamlined.

You can either discount your invoice on Trade receivables discounting system (TReDS) platform such as RXIL, A.TReDs or M1exchange, which acts an exchange and helps one raise from funds from financial institutions such as banks. Or discount the bill directly through new-age SME lenders like Flexiloans, KredX or LivFin.

Merchant Cash Advance

While of some point-of-sales or PoS machines are payments facilitator, it is actually a good way to understand the financial health of your company. Based on your PoS data, you could access PoS finance or Merchant Cash Advance (MCA).

With MCA, the lender will issue you a percentage of advance based on your transaction recorded on the machine, along with a small fee. To avail this, you need not even have a healthy credit score to boast of.

Again, MCA can be availed through almost every other new age SME financers including Bajaj Finserv, TabCapital or Capital Float.

P2P Lenders

Peer-to-peer lending is a new age lending option. While this more like a personal loans option as of now, P2P lenders are indirectly supporting a lot of SMEs in the country.

All you’ve got to do this is – download a P2P lending app, register yourself and put in your requirements. In a matter some time, the app will analyse your mobile data to understand your creditworthiness and disburse the loan into your account.

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