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Fintech solarisBank Aims to Add 50 Partners in 2018

Bank Innovation

EXCLUSIVE - Known as one of the first technology companies in Europe to procure a German banking license, solarisBank has lofty ambitions for 2018. That plan, according to Timo Weber, VP of strategy and internationalization, is to add 50 more partners over the course of the year. “A A big part of our effort this year […].

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Germany’s Delivery Hero Introduces Its Own Venture Capital Fund

PYMNTS

German food delivery platform Delivery Hero is launching its own early-stage venture capital (VC) firm — DX Ventures — that will be managed independently to focus on advancing founder-led startups. The company replaced payments firm Wirecard, which in 2018 took Commerzbank’s spot on the index. 12) press release. “We

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Augmented Reality Adds 3D Technology To Boost Retail Conversions

PYMNTS

Vince Cacace , CEO of Vertebrae, told PYMNTS that AR in 3D has become a high-demand technology for all kinds of products and retailers. “We In early 2018, goodr grew from a small community of runners buying its products to appeal to a larger fanbase. The growth spiked traffic and sales, but the company’s conversion rate dropped.

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Climate and capital: some outstanding issues

BankUnderground

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

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DayTek Capital Granted Banking License In Australia

PYMNTS

DayTek Capital , an Australian challenger bank known for its prepaid “Infinity” card, has been granted a banking license by the country’s Securities and Investments Commission, a report from AltFi says. In 2018, Volt was the first neobank to get a RADI, the report notes. Banks emigrated from the U.K. to do so. .”

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Chinese Tech Sector Faces Capital Crunch

PYMNTS

A “capital winter” — a significant funding slowdown and drop in fundraising activities — is bearing down on China, vexed by political strife and economic uncertainty. The tech closures come as a funding shortage has investors wrestling with the end of a venture capital (VC) boom. . billion ($2.5 billion) from investors.

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How the PPP + Technology Means MBL Growth and More for Credit Unions

Abrigo

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services. of all approved loans in the program.