Tag: originations
Nubank Sets Sights on Becoming Latin America’s Largest Fintech
The Latin
American financial technology firm Nubank announced strong growth in customers,
revenue, and profitability in its financial year of 2023. The fintech company added
19.3...
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NY AG Sues Gemini, Genesis, and DCG for Fraud
By Eden Rohrer, Aiden O’Leary, and Josh Durham
On 19 October 2023, New York Attorney General Letitia James filed a lawsuit...
Why Mortgage Lenders Need to Consider the Power of ERP for Loan Lifecycle Management
More than fifty years ago, SAP pioneered the concept of Enterprise Resource Planning (ERP) for manufacturing. The concept was simple: a single platform with a...
Cracking the Code: Decoding the Impact of Recent Credit Score Developments
The financial
world is always changing, with innovations and changes affecting how we manage
our economic life. Credit ratings, a critical component of personal finance,
have recently...
US Banks Facing ‘False Sense of Comfort’ Amid Rising Signs of Credit Stress, Says Banking Regulator – The Daily Hodl
Acting Comptroller of the Currency Michael J. Hsu just issued a fresh warning about potential risks to the US banking system.
In a new statement...
US Government Debt To Surpass $51,990,000,000,000 by 2033 As Current Consumer Debt Shatters $17,000,000,000,000: Statista – The Daily Hodl
US government debt is projected to skyrocket over the next decade as consumers cross an all-time high in debt accumulation.
Citing data from the New...
Genesis and DCG Seek Mediator After ‘Subset’ of Creditors Walk Away
The latest maneuver will prolong the court process, said DCG in a statement on Tuesday Photo by Kanchanara on...
Oracle Launches New Suite of Cloud Services for Banks
Oracle announced that it had recently launched Oracle Banking Cloud Services which is a new suite of six componentised and composable cloud native services.The...
DCG Lost $1.1B in 2022: Report
Major crypto conglomerate Digital Currency Group (DCG) recorded more than a billion dollars-worth of losses last year. According to a Monday report from CoinDesk, DCG...
DirectID Secures $9.5 Million in New Funding
DirectID, a credit risk assessment and decisioning platform based in Scotland, has raised $9.5 million (€9 million) in funding.The funding was led by...
Negotiating Your First Warehouse Facility: Trade-offs Across Terms
This article is the second of four installments in our new series, How Fintech Companies Can Simplify Their Funding Strategy. Read part one on...
Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax
Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax...
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs....
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