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Responsive has been working in stealth mode for the past year with a handful of private wealth managers in Canada.
If deposit growth is a war, then the profits from lending represent supply lines–with stagnant deposit growth having capped these banks’ lending ability for so long already, their ability to act and react will only become further constrained. If this continues, regional banks run the risk of being cut off and overrun by their competition.
Through acquisitions and a focus on cash flow, LendingTree has avoided the pitfalls plaguing the industry today.
AdviceRobo applies AI on non-financial data including the behavior of potential borrowers.
Through the partnership, Thinking Capital’s technology, which uses AI to streamline lending decisions, will form the foundation of National Bank’s online business financing portal.
FinTech investment powerhouse Ribbit Capital aims for $420 million with its latest fund (TECH CRUNCH)
The fund would be Ribbit’s fifth foray out with limited partners and its $420 million target is only a nominal increase from the $300 million it had set out to raise for its fourth fund last year.
Unmortgage provides a solution for people who can afford to rent but want to own home to enjoy home ownership with a 5% deposit.
The funding was led by Dunamu & Partners, with participation from Lanebury Growth Capital Ltd., Medici Leading Enterprise Fund, TheVentures, and two unnamed individual investors.
The investment is led by Sequoia India and Southeast Asia, with participation from new backers SoftBank Ventures Korea, EDBI, and EV Growth, the later stage fund from Moka seed investor East Ventures.
Mastercard’s new platform Mastercard Track helps automate and streamline procure to pay, with an eye toward managing business identities and compliance efforts.
With the new API, insurance companies can connect to the Dream Payments Hub and the Mastercard Send platform to pay claims digitally.
The Spread Products Investment Technologies project will look to invest in firms working on trading infrastructure, data analysis and AI.
FBC Bitcoin Trust exposes accredited investors to bitcoin without having to acquire, store, or manage the underlying bitcoins.
Funds Now will let certain businesses in good standing — that means without fraud concerns or an excess of customer complaints — get instant access to funds from completed sales, even if there’s an ongoing dispute.
Can FinTech companies catch up with client demand for chat? (VENTURE BEAT)
Financial service providers are racing to invest in contextualized voice and chat capabilities — but how much do they really drive engagement and streamline communication?