The company is offering 37.5 million American Depository Shares with a float price range of $19 to $22 per share. Alipay-backed Qudian gives small, short-term loans, and primarily targets millennials. Source: Qudian could be biggest Chinese IPO in US this year – BBC News
Fintech firms have helped change our understanding of what is possible in financial services. However, the fintech revolution has largely ignored the financial needs of the bottom third of the U.S. population. Why is fintech failing to address the needs of such a large swath of the market? While fintech companies have helped change our […]
Episode 7 – What factors are important to you when sending money abroad? When choosing a money transfer company, what are top things one looks for? Well, worry no more. Having interviewed over 1,700+ people, here are some findings.
Launching a fintech sandbox can help states promote investment, job growth and innovative products. States must recognize how their patchwork of different regimes stifles innovation, but they also have an opportunity to help maintain U.S. competitiveness in the global fintech marketplace. Source: Regulatory sandboxes can help states advance fintech | American Banker
First Tennessee ditched its multiple vendor relationships to revamp both online and mobile with D3 Banking, a relatively new entrant in the banking technology space; it was founded in 2008. First Tennessee took a leap of faith to hire a young digital services company for its overhaul of mobile and online operations, and it says […]
Episode 6 – Why Do Central Bank Hate Bitcoin Based Remittance If you are in the business of money transfer using bitcoin, you might want to give this a listen. It very briefly explains what central banks look for in remittances and why is it that they don’t like bitcoin based remittances.
Episode 5 – Money Transmitter License Agent If you are trying to be an agent of someone else’s money transmitter license, you might want to know about this.
Episode 4 – What is a Payment Account Lost access to MSB Business Bank Account. Do you know there is something called a Payment Account, which is essentially offering the same services as an MSB Friendly Bank?
Daily Fintech Podcast – Episode 3 – Can a US bank sponsor my company to provide money transmitter license?
Episode 3 – Can a US bank sponsor my company to provide money transmitter license? Can a State or a Nationwide Bank in the US sponsor my money transmitter licenses? Can they be the program manager and sponsor my startup under their license?
Daily Fintech Podcast: Episode 2 – Why do you need a money transmitter license if you are outside the United States, but are signing up US Customers?
Episode 2 – Why do you need a money transmitter license if you are outside the US? Most businesses don’t understand why they need to be licensed in the United States when they are not physically present in the US, especially for financial related products & services. Well, the answer lies with a FinCEN advisory.