Reuters announced three correspondents joining the White House team to cover the Biden administration, as well as the creation of a new team to cover the Trump post-presidency. Nandita Bose, Trevor Hunnicutt and Jarrett...
Happy New Year! Welcome to a brand-new season of the What the Fintech?podcast. Dean Snyder, executive vice president and head of business solutions at Automated Financial Systems (AFS), joins us to usher in the new year and new season.
We discuss the Financial Conduct Authority’s (FCA) warnings about bitcoin and how its survey results found 4,000 financial security firms being at risk of failing due to the pandemic. We also unpack BBVA shutting down Simple after paying $117 million for it in 2014 and explore its other shuttered ventures.
Snyder tells us about the firm’s award-winning “Best COVID-19 Response by Fintechs” technology for its Paycheck Protection Program (PPP) commercial lending offering. The head of business solutions also shares his thoughts on the biggest challenges to banks in commercial lending over the next few years.
Tune in to find out his head-scratching banished buzzword in another exciting rendition of ‘Fintech … Read the rest
Reuters reporter Nandita Bose has been named to its White House coverage team. “It’s been a long way from my start in the Bombay newsroom in 2006 as an intern to this exciting assignment,” she wrote...
Jamie Waller, a British businessman who founded the debt collection company, JBW Group, a fintech solutions company, Hito, and later the private equity firm, Firestarters, has founded a fintech.
Called Just, the start-up is taking aim at the – until now largely undisrupted – debt collection industry in the UK.
Just’s chairman and founder, Jamie Waller
Elsewhere in the world, fintechs have already begun tapping the space. Silicon Valley-based TrueAccord cropped up back in 2013, inDebted has been focusing on Australia since 2016, and CollectAI set up shop in Germany the same year.
Waller, known for his appearance in BBC TV show “Bailiffs”, has now decided to turn his hand to open banking.
Whilst venture capitalists (VCs) aren’t eyeing up this space, Waller – Just’s chairman – also happens to be the start-up’s VC investor.
The court ruling
The High Court ruled earlier this month that debt collection agencies can … Read the rest
The Markup has hired CNET senior reporter Dara Kerr to cover labor. Kerr has been covering the on-demand economy and tech culture. She previously was a freelance reporter who wrote stories on everything from El Salvador’s...
Jim Kirk, the publisher and executive editor of Crain’s Chicago Business, has been named group publisher for its papers in New York, Cleveland, Detroit, and Chicago . Kirk writes, “I’m assuming the position held...
Affirm, a San-Francisco buy now, pay later (BNPL) fintech, has almost doubled its value following a successful initial public offering (IPO) on 13 January.
The fintech, led by PayPal co-founder, Max Levchin, priced its shares at $49 a piece, above its target range of $41 to $44 each.
Affirm managed to more than halve losses by June 2020
Shares then surged to $97.24 at the market close. That’s a 98% gain jump from the IPO price.
Affirm closed its IPO with a market value of more than $23 billion. The company has a fully diluted valuation of almost $30 billion, including options and restricted stock units, according to Bloomberg calculations.’
The fintech filed for its IPO back in October, but kept all the financials private.
For Levchin, it marks almost two decades since PayPal went public. He owned a stake in Affirm worth almost $1.4 billion at its IPO … Read the rest
Sharon Begley is the senior science writer at STAT, died Saturday from cancer. She was 64. Previously she was the senior health & science correspondent at Reuters from 2012 to 2015, the science editor...