“The start-ups that have come to dominate the online-lending industry will now have to compete with the world’s largest private-equity firm.
B2R Holdings, a portfolio company of a Blackstone Group fund, said on Thursday that it was getting into the business of providing loans for consumer purchases of big-ticket items as well as small-businesses loans.”
(This is part 1 of this topic. Part 2 with the discussion results can be found here) That will be the fascinating theme of the roundtable that I will be discussing with my fellow attendees at Money X (part of Web Summit) this week. To prepare for the conference, I’ve put together a few data points to start the(…)
Source: www3.weforum.org This is an excellent report from the World Economic Forum, and it is very telling that they chose SME financing as one of the key topics in the future of finance. The WEF is interested in topics that are important for society but also tries to identify the levers that have the most(…)
“Of the 305 companies who participated in SXSW Accelerator between 2009 and 2015, over 63% received funding, with combined funding in excess of almost $2.613 billion (does not include undisclosed grants, angel and seed funding). Of these 305 companies, 13% have been acquired by the likes of Google, British Telecom, Huffington Post, Apple, Live Nation, OpenTable, Constant Contact, and Harmon.”
BlackRock is in discussions with Google, the technology group, to create a joint venture that the world’s largest fund house hopes will enable it to improve returns. The tie-up, which would be a first for the fund market, will seek to explore how
“In an unsettling about face TrustBuddy, a peer to peer lending platform based in Stockholm, has shut down. The home page has transitioned from lending platform into a public statement (republished below) in both Swedish and English explaining a series of alleged misconduct”
I know it’s crazy, I’ve had the blog for years, and never gave the option for readers to receive the new posts by email (shows that Disruptive Finance is clearly an amateur blog!). This has been solved now! You can now subscribe to the blog by entering your email address on the right column. Good(…)
When people are looking for a significant other, they often try to find someone whose values, education, earnings, hobbies and even height match their own. But new research suggests there’s one promising measure for finding a committed partner that most daters overlook — credit scores.
My wife and I were both ill with the symptoms of COVID-19. While we were ill, we were looking for information about other people’s experience of COVID to understand how our symptoms could evolve. This is our experience, and this blog is written both by Tram Anh and me. The context We live in London, and are co-founders of(…)
2 weeks ago, I was chairing the stream about “How can banks innovate” at Money 20/20 Singapore. The audience was mainly professionals in banks and Fintech entrepreneurs, and I asked them the following question : “What is the biggest challenge for bank innovation?” What would be your answer ? Have a think then see below how(…)
A few years ago, many banks were not convinced that Fintech* would impact them. Or rather, many banks were convinced that Fintech would NOT impact the industry, because of regulations, customer behaviour, etc. Fast forward to today, and this sentiment has totally shifted. From new challenger banks acquiring 8,000 new customers per day to Alibaba having(…)
The “Fintech” trend started 5 years ago.* Since then, we’ve heard about new startups, the emergence of tech competitors in finance, and also banks investing in technology. But what has been exactly the impact of technology in finance? Is there a real impact, is it too early to say, or is it just hype? My(…)
A few years ago, I wrote about the inexorable rise of Google and Amazon in finance. The conclusion from the piece was “if you prefer fast action and major Fintech disruption from tech powerhouses, then forget Amazon, Google or Apple, and watch Alibaba or Tencent…. Ant Financial, the finance arm of Alibaba, is valued $50bn.” This was 2.5 years ago, and(…)
When I started The Disruptive Group last year, one of my first tasks – like any entrepreneur – was to open a bank account. Being a fervent proponent of Fintech, I looked at the different options available in the UK, including the different Fintech startups. My requirements for the ideal bank? – Easy onboarding. We(…)
Skills for finance are changing. And this is happening today already: “NAB will make 6,000 job cuts over then next 3 years with its digital banking revamp… NAB is hiring 2,000 people with different capabilities” says Banking Technology. After a very fast paced trip in Hong Kong, Malaysia, and Vietnam (more on this later, but(…)