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BII This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Fintech broke onto the scene as a disruptive force following the 2008 crisis, but the industry’s influence on the broader financial services system is changing. The fintech industry no longer stands clearly […]
When he’s on the road, dashing in and out of airports for work around Latin America, Argentine Gabriel Paluch often opens up his laptop, peers down over his thick black mustache and skims the numbers on the screen. His screen shows him the value of money he’s loaned borrowers through Afluenta, a Buenos Aires–based financial […]
GUEST: Until this week, many people had never heard of the Consumer Financial Protection Bureau (CFPB). Then it became part of a dramatic showdown between advocates and critics of regulation, as two individuals with dramatically different worldviews each claimed to be the bureau’s acting director. On Tuesday a judge sided with the Trump Administration, enabling […]
Sitting comfortably in a sleek office just a stone’s throw from the center of Vilnius, Lithuania’s charming capital, Daumantas Dvilinskas waxes poetic about the plight of Europe’s economic migrants. “It’s a very peculiar life that’s sometimes a bit misunderstood by traditional media,” he says, “which portray these migrants as unpatriotic, or people that have lost […]
BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Fintech hubs — cities where startups, talent, and funding congregate — are proliferating globally in tandem with ongoing disruption in financial services. These hubs are all vying to become established fintech […]
Kerry Gao Qudian, an online small credit provider, went public on the New York Stock Exchange. The company, which was founded by 34-year-old Min Luo, is going after a market it says China’s biggest banks can’t serve. Qudian, an online small credit provider, popped more than 43% after going public on the New York Stock […]
Getty/Andrew Burton Investors are going crazy for financial tech companies, and on Tuesday Bill.com became the latest company to benefit from the feeding frenzy. The Palo Alto, Calif. startup announced $ 100 million in new funding, in a round led by JPMorgan Chase — the largest bank in the US — and Temasek, a private holding […]
BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Fintechs have found a way to serve small- and medium-sized businesses (SMBs) while still making a profit, and now incumbents want in on the action. SMBs have been historically underserved by […]
It’s not the kind of loan the big banks make anymore. Donald Allen needed about $ 35,000 to expand his catering business. So on the advice of his son, a business school graduate who knows more about these things, Allen didn’t go to the bank in Salisbury, North Carolina. He went online to a financial […]
It’s no secret that Atlanta is an epicenter for payment processing companies — they don’t call it Transaction Alley for nothing. That designation, along with the prospect of growing its partnerships, joining a thriving ecosystem, and receiving support from organizations like the Atlanta Fintech Taskforce and the Metro Atlanta Chamber, attracted Paymetric to the state. Originally based in Texas, the enterprise […]
