Mobile World Congress, Barcelona – February 27 – Crowd Valley Inc. has released the latest versions of its mobile developer tools for building mobile digital finance applications on top of the Crowd Valley Cloud Back Office through its API.
Non-performing loans are an area of concern for banks especially in tough economic times. NPL portfolios will impact profitability in two areas: 1) loss of the value of the loan not recovered and 2) ongoing management using labor intensive and manual workflows.
I have to say that Laurent Nizri did a fantastic job putting together the Paris Fintech Forum of 2017 and provoking a wide range of discussions in finance and technology. I had the opportunity to discuss fintech adoption both on stage and privately with executive management, including CEOs and innovation officers of some of the worlds largest financial institutions, as well as the leading lineup of fintech innovators, in domains such as regulatory technology (regtech), blockchain and digital currencies (bitcoin, ethereum). I represented Crowd Valley and our part in the paradigm shift.
As the world goes through a period of dynamic change and volatility, our CEO, Markus Lampinen in collaboration with Grow VC Group Chairman, Jouko Ahvenainen and Jean-Michel Pailhon, a fintech expert with 15 years of experience in the international financial services sector, take a look a closer look at technology developments globally in conjunction with the global economics and political ecosystem.
2016, a look in the rearview mirror
In mid-2016, the marketplace lending sector experienced some turmoil leading to increased scrutiny from regulators and institutional investors’ concerns about the securitization process and the quality of the underlying loans. However, this slowdown was temporary and personal marketplace loans globally grew by 210% (+64% for small business marketplace loans).
Siena is a medieval city in Tuscany, whose historic centre is a UNESCO World Heritage Site. In it, the traditional horse race named Il Palio takes place twice a year since 1633, in July and August. Ten horses and riders, who represent ten of the seventeen city quarters called contrade (contrada, in the singular form), compete in the 90-second race around Piazza del Campo. The contest is more than a competition as it is part of the pride of the city itself which relies on the rivalry of each ward.
In recent times, everywhere one turns, disruption seems to impacting every aspect of the diversified financial services space, leaving no sector unturned whether it is in lending, borrowing, alternative finance or investment space. Financial technology coupled with social media input is altering the dynamic of the sector in pushing costs lower while creating a more efficient but equally more personalized user experience for investors and borrowers.
As new technologies emerge, they tend to enhance the existing ecosystem by converging with other technologies, eventually transforming various industries. Within the realm of Fintech, the two technologies that are on the verge of transforming it are Blockchain and Artificial Intelligence (AI).
This is the time of the year when you should take your agenda and carefully pick the events that you want to attend to or speak at. We know that and we are also aware that it could be quite difficult because the number of events is so large that it could be tricky to select the ones that are worth to consider. For this reason we decided to prepare for you an extensive but well selected list of the essential fintech events of 2017. Enjoy.
The Australian Parliament, through the voice of Treasurer Scott Morrison, recently introduced a bill aimed at removing the regulatory barriers to Crowd-Sourced Funding (CSF). CSF is a fundraising model that allows individual investors to directly invest in small companies, which might otherwise struggle to access affordable sources of funding. The concept of CSF is better known as ‘equity crowdfunding’ in other countries, and is for instance described as such in the American legislation.