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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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...
Is Greyscale bankrupt? Will Bitcoin go down? Avorak’s trade bots can make a profit in the uncertainty
Recent rumours have referenced concerns about the financial stability of Grayscale, an investment manager of Bitcoin products. Some allegations point out that Grayscale could...
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...
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....
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by...
Is Genesis’s Prepackaged Bankruptcy The Ultimate Sacrifice?
What Happened: Embattled crypto lender Genesis is negotiating with creditors on the terms of its Chapter 11 bankruptcy filing, sources told The Block on...
Crypto Lender Genesis Global Capital Set to File for Bankruptcy
According to Bloomberg reports, Genesis Global Capital, a cryptocurrency lender, may take the drastic step of filing for bankruptcy. The move comes as no...
DCG Suspends Quarterly Dividends Amidst Genesis Crisis: Report
Barry Silbert’s crypto conglomerate, Digital Currency Group (DCG), revealed halting quarterly dividends until further notice.
In an email to shareholders, as viewed by Bloomberg,...