Celsius Announces 25+ Cryptocurrencies as Loan Collateral

Fintecbuzz31 Jul, 2020Finance

Celsius Network, that addressed the financial needs of present-day customers across the world via a high interest income and low-cost loans that are accessible through a mobile application has announced that the firm is now offering loans against 26 distinctive cryptocurrencies. Starting now, all the assets that will be accepted in the Celsius Network wallet will also be given approval for loan collateral. Customers will be able to borrow fiat and stable coins against any kind of asset that they have and hold with Celsius at the industry’s lowest rates.

https://fintecbuzz.com/alchemy-and-loanpaymentpro-partner-to-offer-payment-solutions/

Fintecbuzz31 Jul, 2020Finance

The leading provider of technology-driven and innovative funding and payment solutions in the area of debt repayment, LoanPaymentPro has announced that the firm has entered into a partnership with one of the leading SaaS fintech infrastructure development firm that serves specialty financing firms, financial institutions, fintech startups, Point of Sale financing, and online as well as brick and mortar lender, all alike, Alchemy.

US Financial technology firm to acquire SME Lender OnDeck

Fintecbuzz31 Jul, 2020Finance

Enova, the financial technology services company has announced that it is going to acquire OnDeck, the SME lender, in a transaction that is approximately valued at $ 90 million. The fintech firm based out of Chicago, Enova owns several lending, credit, and analytics brands that specialize in non-prime customers as well as a small business, and has gotten into a definitive agreement of acquiring all the shares of NYSE-listed OnDeck, that are outstanding. The SME lender is a 55% shareholder of OnDeck Australia.

Interview with Co-Founder & Chief Technology Officer, InFront Compliance – Alia Luria

Fintecbuzz30 Jul, 2020Finance

Alia Luria, JD, LLM, is co-founder and chief technology officer at InFront Compliance. 10 years experience in business, technology and data law. 7 years of development experience in telecom and B2B industries. Co-architected a legal expert system recognized for Innovation in Collaboration by the Financial Times. Published author.

Interview with Founder and CEO, Smartasset – Michael Carvin

Fintecbuzz30 Jul, 2020Finance

Michael Carvin is the Founder and CEO of Smartassets. Michael's expertise is in financial decision making. In the pre-SmartAsset days, Michael worked in private equity. He spent his time using financial models to help companies understand how to make better decisions. Michael believed the same models could help people improve their personal finance decision making, so he developed the patent-pending system that serves as the foundation for SmartAsset. Michael is a graduate of Princeton University.

Virtual Banks – How far into real-time usage?

Fintecbuzz30 Jul, 2020Finance

Well, it seems like forever, but it’s only been a couple months since we became trapped inside our home. Though things have started to open up now, the pandemic situation is still not under control. When the lockdown restrictions were imposed in various parts of the world, a lot of foreigners living in the U.S. decided to go back to their homeland. In a hurry and a hassle. Nobody knew how long the lockdown was going to last. And honestly, not a lot of us expected it to last for 6 whole months.

What the Twitter hacks meant for Potential security risk?

Fintecbuzz29 Jul, 2020Finance

Melody J. Kaufman, cyber security specialist at Saviynt gives us a take probing the recent state of the white-collar twitter attacks and state of security After all of us heard the recent news about the Twitter attacks, it not only sent us to a frenzy of shock but was also the much needed wake-up call for the online fraud that goes on. It made us put forth certain prominent questions on Risk management, online security and compliance

Payments giant Visa plans Digital Currency Platforms integration

Fintecbuzz28 Jul, 2020Finance

The international payments technology player Visa has stated that the firm is working towards integrating digital currencies with the existing global network of 61 million merchants with the firm. Visa is working with two regulated and licensed digital currency platforms, Fold and Coinbase.

Digital Asset Banking firm Avanti plans for real-time settlement

Fintecbuzz28 Jul, 2020Finance

Avanti Financial Group has announced that the firm has received permission from the Wyoming Division of Banking that the firm can begin its operations in this state as a bank and offer its banking services as early as October. The firm also revealed its plans of offering a real-time settlement solution for corporate treasurers.

Fintech Equifax buys Ansonia, the commercial credit data firm

Fintecbuzz28 Jul, 2020Finance

Under the terms of the deal, the commercial credit firm will be seen integrating into a division of Equifax that delivers credits as well as for analytics for small and medium-sized businesses (SMBs), PayNet, as a part of the USIS (US Information Solutions) business unit.

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