By creating trends and building future-ready solutions, fintech companies try to satisfy global regulatory requirements and meet customer demands.
The company has raised $26.5 million to expand its digital transactions management business and bolster the staff to increase product development; the round was led by LLR Partners, a Philadelphia-based private equity firm; CEO Stephen Bisbee said, "We are seeing more opportunity in front of us than we're able to execute with our current staff." Source
Cloud Lending Solutions provides digital technology platform services for origination, underwriting, servicing and collections; in their featured blog post they provide insights on the use of regtech for online lending platforms; utilizing regtech solutions can significantly help internal controls, business processes and cost structures for online lenders while also helping to improve the overall borrower experience. Sponsored Blog Post
Cybercrime is a growing problem with ID theft hitting a record high in 2016 affecting 15.4 million people; Credit card fraud resulted in $21.84 billion in losses across the world; synthetic identities are a top risk for the banking industry and banks need next-generation KYC tools to protect themselves. Source
While the full English report is still in the works KPMG releases their annual Fintech 50 for China; China has become one of the most important fintech markets in the world as some of the largest companies are from the market; they are also one of the most diversified markets as they have leading companies in insurtech, payments, regtech and online lending. Source.
The regulatory system under which the financial system operates is exceedingly complex. This is understandable given mow important finance is...
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https://lendit.wistia.com/medias/zmw4ew8yhx?embedType=async&videoFoam=true&videoWidth=640 London is the undisputed heavyweight champion of fintech, but it has found itself with a PR problem: Brexit. Will...
There has been a growing trend in compliance technology the last few years with regtech hackathons or as the UK...
The KPMG Pulse of Fintech Q3 report pointed to 274 deals worth over $8bn in investment; the hottest areas of investment include artificial intelligence, insurtech, regtech and blockchain; the three biggest countries come as no surprise with the US, China and the UK dominating their respective regions. Source.
As more banks start utilizing new technologies like artificial intelligence and blockchain current employees are beginning to worry about their future; Lyn Hall-Fore, U.S. director of BSA/AML compliance tells American Banker, “We told them, this is to make your job easier and better and give you more capacity to think, but still meet your production quotas”; finding the right balance will be a struggle as banks continue to innovate. Source