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Category: Bud
Tuesday February 6 2018, Daily News Digest
News Comments Today's main news: Zopa reveals where the 3B GBP loanbook gets you. Revolut now operates in the Nordics. MatchMove, Rubique partner on loan payouts, disbursements. Behalf nabs $150M in debt capital. Today's main analysis: PayPal has another solid quarter of growth. Today's thought-provoking articles: Why SoFi wants to be a neobank. LendingClub wants to get customers off the […]
Today's main news: Zopa reveals where the 3B GBP loanbook gets you. Revolut now operates in the Nordics. MatchMove, Rubique partner on loan payouts, disbursements. Behalf nabs $150M in debt capital.
Today's main analysis: PayPal has another solid quarter of growth.
Today's thought-provoking articles: Why SoFi wants to be a neobank. LendingClub wants to get customers off the credit hamster wheel. Ron Suber talks about fear, appearance,and adapting. Property buyers in Australia should know about tax deductions. The government's looming student loan shortfall.
Why SoFi wants to be a neobank. AT: "I think this is a legitimate question for any tech company trying to offer banking services. Is it more beneficial for the company and for its clients to pursue the neobank model or to go through the long and arduous process of becoming a bona fide bank. There is a different, a subtle one. You don't have to have a banking license to acquire an already operational bank or to partner with a bank."
LendingClub wants borrowers off the credit hamster wheel. AT: "Almost half the country is living paycheck to paycheck, and credit is likely the reason why. But they also probably have a higher standard of living as a result."
LendingClub to announce earnings on Monday.
PayPal has another solid quarter of growth. AT: "15% growth for a company the size of PayPal is phenomenal. They added 8.7 million new accounts in Q4 2017 alone. And volume is growing even faster. PayPal, evidently, still has a lot of steam, and I think we can thank the overall rise in popularity of fintech, and alternative lending, for at least a part of that growth."
Behalf secures $150M in debt capital. AT: "Congratulations."
Credit card issuers block bitcoin purchases. AT: "It's easy to understand why when you see how many people have bought bitcoin using a credit card. And now that there has been a massive market correction, the timing of these bans is perfect."
Lessons from the Federal Student Loan Program's $36B shortfall. AT: "If the government adjusts the rules on student loans to curb this shortfall, that will spell huge opportunity for alternative lenders in the student loan market."
Rewirement: Ron Suber talks about fear, appearance, and adapting. AT: "I like this: Rewirement can happen at any age. Suber shares insights while hiking in Patagonia."
Interview with Matt Hollender of NetCredit. AT: A Lend Academy podcast."
How millennial shoppers make purchase decisions.
Pace of small business investment.
This product alleviates mortgage lending compliance worries.
Fluz Fluz: The blockchain-based cashback platform.
Verifundr to build escrow and payments platform.
The worst law schools for student loan debt.
Zopa: Where the 3B GBP loanbook gets you.
Zorin Finance hits 300M GBP milestone. AT: "Congratulations."
5 fintechs leading the charge.
152 GBP of current account fees in one year.
R5-SHCH Connect add eight Chinese banks.
Revolut enters the Nordic markets.
Ohpen raises 25M Euro for expansion.
Big tech's shift to banking.
French regulator clarifies crowdfunding expectations.
15 startups deliver $12B in financing in 32 countries.
Revolutionize your business with mobile apps.
Australia: Property buyers should know about tax deducations.
India: Startup CXOs boost digital infrastructure.
Asia: MatchMove, Rubique partner to disrupt loan payouts, disbursements.
Cayman: Fintech poised to transform financial services.
What is a neobank, and why does SoFi want to be one? (Bankrate), Rated: AAA
LendingClub: Getting Borrowers Off The Credit Hamster Wheel (PYMNTS), Rated: AAA
LendingClub (LC) Set to Announce Earnings on Monday (Week Herald), Rated: B
PayPal sees another solid quarter of growth (Business Insider), Rated: AAA
NYC-Based Behalf Secures $ 150 Million in Debt Capital (BusinessWire), Rated: AAA
Credit card issuers block bitcoin purchases (Bankrate), Rated: A
Hard Lessons From the Federal Student-Loan Program's Coming $ 36 Billion Shortfall (WSJ), Rated: AAA
REWIREMENT IS NOT AN ALTERNATIVE TO RETIREMENT, BUT A PHASE OF GLOBAL EXPLORATION THAT CAN HAPPEN AT ANY AGE (Ron Suber), Rated: AAA
Matt Hollender of NetCredit (Lend Academy), Rated: A
"How Millennial Shoppers Make Purchase Decisions Today" (Free Biz Mag), Rated: A
Pace of Small Business Investment Remains Strong (PayNet), Rated: A
New Product Alleviates Mortgage Lending Compliance Risk and Worry (PR Newswire), Rated: A
Fluz Fluz Blockchain Cashback Platform Aims to Enter and Reshape US Consumer Market (Insider Monkey), Rated: A
Verifundr Moved to Next Phase Reports APT Systems (GlobeNewswire), Rated: A
The Worst Law Schools If You Ever Want To Pay Off Your Student Loans (Above the Law), Rated: B
Zopa reveals where a £3bn loanbook gets you (P2P Finance News), Rated: AAA
Zorin Finance reaches £300m of lending (AltFi), Rated: A
Five UK FinTechs Leading The Charge In FinTech Fortnight (Forbes), Rated: A
Current account customers slapped with an average of £152 in fees last year – here's how to check what you paid (This is Money), Rated: A
R5-SHCH Connect goes live with eight Chinese banks (Finextra), Rated: A
Red-hot fintech startup Revolut is taking on the Nordics (Business Insider), Rated: AAA
Dutch fintech firm Ohpen raises €25 million to expand into new markets (Tech.eu), Rated: A
Finance chiefs warn on Big Tech's shift to banking (Financial Times), Rated: A
France regulator AMF clarifies its expectations for crowdfunding (LeapRate), Rated: B
16 Fintech Startups Deliver $ 12 Billion Financing to Consumers and SMEs in 32 countries (Crowdfund Insider), Rated: A
Revolutionize Your Finance Industry Business With FinTech Mobile Apps (Finextra), Rated: A
Why property buyers need to know about tax deductions (Domain), Rated: AAA
Startup CXOs welcome boost to digital infra, ask for redressal of angel tax (money control), Rated: A
MatchMove and Rubique to Disrupt Loan Payouts and Disbursements (Payments Journal), Rated: AAA
FINTECH POISED TO TRANSFORM FINANCIAL SERVICES INDUSTRY (Cayman27), Rated: AAA
The company, Social Finance (often shortened to SoFi), is set to launch its SoFi Money business in the next few months. With this new product line, the company adds its name to the growing list of so-called "neobanks," alongside firms like Chime, Simple and Varo Money. If you're interested, there's a waiting list for SoFi Money.
However, up until now neobanks have tended to stick to narrowly focused product lines, offering only checking or savings accounts. They have also needed to partner with specialty banks to ensure deposits are covered by the Federal Deposit Insurance Corp. (FDIC).
Should you become a customer, your debit card would say SoFi Money and you'd use the SoFi app to check your balance and call customer service when you have a problem, but your money would be on deposit at WSFS Financial.
Allocca first observed the problem in the late 1990s, when he began to sense a disconnect between the bank's stated vision and mission to help customers succeed financially — and the actual help and services that were being offered, from credit cards to overdraft fees.
An October 2017 study by PYMNTS and Unifund dubbed these consumers "financial invisibles," having no (or little) access to further credit when they need it. These consumers live paycheck to paycheck, and the ends just aren't meeting up. They feel like they could never set aside $300 a month to square away their credit card debt.
Allocca said they can — and they do — and if they get into the habit of setting aside those $300-a-month payments once the debt has been erased, the savings start to build up.
According to the Financial Invisibles Report, even 40 percent of the population that claims not to worry about money still lives paycheck to paycheck, and that's true across demographics.
LendingClub (NYSE:LC) will be posting its quarterly earnings results after the market closes on Monday, February 12th.
PayPal, which Wednesday, had another quarter of strong growth across metrics.
Total payment volume: The firm's total payment volume (TPV) increased to $131 billion in the quarter, up 29% from the $99 billion it posted in Q4 2016, and a 15% sequential increase. That volume
Behalf, a provider of working capital solutions for small and medium-sized businesses, announced today that it has secured $150 million in debt financing led by a private investment fund managed by Soros Fund Management LLC. Viola Credit also participated in the Debt Financing. An equity investment in Behalf was also made by Viola Credit and a private investment fund managed by Soros Fund Management LLC.
Nearly all of the nation's largest financial institutions have blocked consumers from being able to buy the volatile cryptocurrency with a credit card. JPMorgan Chase, Bank of America and Citigroup recently banned credit purchases of bitcoin and other cryptocurrencies, following Capital One and Discover.
LendEDU, a student loan marketplace, surveyed nearly 700 bitcoin investors in December and asked how they paid for their investment.
A third used a debit card, and another 19 percent set up an ACH transfer, which is what you'd expect—people tend to fund for their investment portfolio with cash.
Another 18 percent, though, said they used a credit card. More than a fifth of those respondents said they carried credit card balance as a result of their purchase. Even more troubling, seven out of ten of those who went into debt believed the profit they'd earn from their bitcoin investment would compensate for interest payments.
U.S. officials have long maintained the federal government would make a profit on its $1.4 trillion student loan portfolio or at least break even, but two recent reports suggest just the opposite will be the case. Government lending to college and graduate students could soon become an immense drain on federal coffers, worsening an already deteriorating U.S. budget picture.
The Education Department's inspector general, an agency watchdog, in a reportreleased last week said the profitability of the U.S. federal student lending program is being squeezed because millions of Americans who borrowed heavily in recent years—including many graduate students—are flocking into a program to have substantial portions of their debts forgiven. Students who borrowed in the fiscal year ended Sep. 30, 2015, and enrolled in such "income-driven repayment" plans, for example, are expected to pay back $11.5 billion less than they took to pay tuition and other schooling costs.
The prospect of taxpayer losses on student loans increases the chances that Congress will make major changes to the program, such as eliminating debt-forgiveness options or placing new dollar limits on how much individuals can borrow.
ON DAY 231-237,
While hiking through a forest in Patagonia, wading over volcanic ash for miles, kayaking around fjords amongst glaciers and jumping off cliffs into roaring rapids I found the space to contemplate more on three of the most common topics of conversation.
Few know that fear drove me to withdraw from the Prosper deal just days before we were going to invest with Sequoia in January of 2013.
The fear of failure, fear of change, fear of losing, fear of the unknown; all drove me to say no to the Prosper opportunity that I wanted and had worked so hard on with my business partners.
Overcoming that fear changed the trajectory of my life and helped shape my own investment philosophy (and the strategy of using an Investment Thesis).
Things aren't always as they seem in nature, business, people and life. Keep staring, stay curious but remain open.
Adapting is the ability to adjust and modify one's self to new conditions and new circumstances, and it's a proficiency we should nurture as our surroundings change ever more rapidly.
In this podcast you will learn:
The history of Enova and how they have evolved over time.
What was appealing to Matt about taking the helm at NetCredit.
Where NetCredit fits in the overall picture at Enova.
Who the near prime consumer is they are targeting.
The range of loan terms that NetCredit offers.
While they don't have a cutoff by FICO score for who they will serve.
How their underwriting process works.
The channels they use to find these customers.
How they are improving the financial lives of their customers.
How their unique bank partnership works and how it allows them to expand their reach.
The balance they strike between automation and human intervention in credit decisions.
How NetCredit differentiates themselves from their competitors.
How they are funding these loans.
The scale they are at today.
How their MyRightFit tool works during the loan application process.
The percentage of their customers that come to them on mobile.
What the future holds for NetCredit.
Millennials have become the most in-demand consumer group among online retailers. Experts estimate they already spend over $1 trillion annually. Savvy eCommerce executives are studying Millennials to understand how to better speak to (and sell to) this growing and highly influential audience. This article discusses:
Actionable tips for improving relationships with Millennial customers
Mistakes many companies make when speaking to Millennials
Factors that make Millennials loyal to certain brands
Small business investment continued to register gains at the end of 2017 as delinquencies and defaults remained at low levels according to the latest small business credit trends from PayNet, the leading provider of small business credit data and analysis. However, some warning signs in financial health are starting to emerge.
The December 2017 Thomson Reuters/PayNet Small Business Lending Index (SBLI) decreased 1% to 136.5 from 138.5 (revised) in November 2017. Compared to December 2016, the SBLI increased 2%.
Construction increased +7%, Transportation +13%, and Administrative and Waste Services +5% on a three-month rolling basis compared to three months ago.
Weaknesses are primarily in the services sector with declines in Information Services (-8%), Professional Services (-3%), and Health Care (-2%) on a three-month rolling basis compared to three months ago.
Financial institution executives in charge of mortgage lending compliance training now have a solution to stay ahead of employee training, certification and licensing requirements with the launch of Compliance Keeper 2.0 by OnCourse Learning Financial Services.
The new product alleviates mortgage lending compliance issues regularly plaguing compliance officers, such as tracking loan officers' completed pre-licensing and continuing education courses, compliance report generation, and assessing company risk and liability.
Mortgage lending compliance made easy
Compliance Keeper 2.0 empowers financial services compliance departments to administer, schedule, communicate, report and customize employee training programs to ensure compliance and success.
Additional benefits of the new product are:
Mitigation of risk, and time and money savings on audit preparation.
Ability to meet state and national regulatory compliance requirements on time.
Automatic notifications that alert managers and employees to training and compliance deadlines.
Review of all company license information in one dashboard.
Actionable insight into employee certification needs.
Continuity of training across departments and/or branches.
However, one of the most important areas that blockchain technology can and will disrupt in the near future is financial services. Put simply, the technology represents a shared database that contains entries that are incorruptible and immovable and have to be confirmed in order to be added and each entry is logically linked to the previous one. This makes it perfectly suitable for international money transfers, so it's unsurprising that 90% of major North American and European banks are exploring the use of this technology, according to an Accenture survey.
According to a PwC report, 77% of financial institutions expect to adopt blockchain technology as soon as 2020.
Fluz Fluz currently has over 40,000 active users in Colombia, where it launched in January 2017 built by the serial Ecommerce entrepreneurs Maurice Harary and Stefan Krautwald. The company sells instantly usable gift cards from over 200 merchants. Whenever a purchase is made using this card, network participants earn cashable rewards called Fluz, which are stored in mobile wallets. Fluz points can be exchanged for other cryptocurrencies or fiat money.
APT SYSTEMS, INC. (OTC Pink: APTY), a fully reporting public company in the Fintech sector, is pleased to announce that it has formally engaged the services of Difitek, Inc. to build the Verifundr escrow and payment platform. We look to Difitek to provide us with a modern framework, architecture and bank grade security features.
Worst Law School Salary-To-Debt Ratio
School Avg Salary Avg Debt Salary-To-Debt Ratio
Florida Coastal $84,664 $158,427 0.5x
Charlotte School of Law $84,285 $154,802 0.5x
Saint Thomas $96,356 $175,075 0.5x
Barry University $86,908 $156,228 0.6x
Appalachian School of Law $84,366 $143,724 0.6x
Thomas Jefferson School of Law $101,173 $169,951 0.6x
Roger Williams School of Law $94,557 $157,494 0.6x
Elon University $87,680 $145,610 0.6x
Texas A&M $90,665 $149,042 0.6x
Arizona Summit f/k/a Phoenix School of Law $96,115 $155,697 0.6x
ZOPA investors have funded enough car purchases to fill a traffic queue stretching from London to New Delhi, the platform claims.
The peer-to-peer lender, which reached £3bn of loans last week, has been disclosing where the funds have ended up.
Its loanbook has helped get 147,000 cars on the road, the platform revealed in a blog post on its website on Friday.
Zorin Finance, the alternative property lending specialist, has passed £300m of loans funded.
Today marks the start of FinTech Fortnight, a two-week celebration of the UK's rapidly-growing FinTech sector.
Revolut is a mobile-only digital banking app which launched its first UK current accounts in 2017.
Founded in 2007, FreeAgent provides cloud-based accounting software, specifically for freelancers, micro businesses and accountancy practices.
Bud is a London start-up that is trying to introduce "tailor-made banking", by bundling a person's various financial services, from a credit card with one bank, to a current account with another, into one platform.
Funding Circle connects investors who wish to lend money directly to small and medium-sized enterprises via its peer-to-peer, alternative financing platform. Since its launch in 2010, investors on the platform have lent more than £3.2bn to UK firms, which has helped more than 33,000 companies access financing.
Digital-only bank Monzo, began life as a start-up offering a pre-paid debit card.
Plum has launched a Fee Fighter tool you can use to check how much you have handed over in fees yourself.
Current account customers handed over an average of £152 each in banking fees last year, effectively putting an end to the myth of free banking.
Given there are around 65 million active current accounts in the UK, this means the banks could have made nearly £10 billion in fees, according to the figures from savings app Plum.
The research, which looked at 11,217 current accounts, showed that only 7 per cent (770 users) paid no bank fees at all.
Over half (57 per cent) of the £152 average annual cost to current account customers came from using an overdraft and 56 per cent of account holders, or 6,276 people, used their overdraft, dipping in to the red at least once in the year.
The next largest slice of the £152 average fee (at 27 per cent) was made up of monthly account charges or unspecified fees – which can include the cost of payments made or bounced by the bank that take you beyond your limit that are are commonly known as paid and unpaid item or transaction fees.
These payments typically cost between £5 and £10 each.
Source: This is Money
Theresa May today announced the launch of R5-SHCH Connect, a new service which links banks in China with London's foreign exchange (FX) market.
Using R5-SHCH Connect domestic banks in China now have access to the London FX market, recognised as the leading centre for global FX trading. The new service is a partnership between London's R5 and the Shanghai Clearing House, announced by UK Chancellor Philip Hammond in December as part of the 9th UK China Economic Dialogue.
Stockholm's hot fintech scene is about to get hotter as Revolut – one of recent years' biggest fintech sensations – arrives in the Swedish capital to launch its Nordic expansion.
Since 2015, the startup has acquired some 1,3 million users around the world, making it one of the world's fastest-growing fintech startups.
The company, which recently added all the Scandinavian currencies among its basket of 130 global currencies, is now officially live in all the Nordic countries.
SaaS-based core banking software Ohpen has raised €25 million in a Series C round led by private equity firm Amerborgh.
Amsterdam's Ohpen develops software tools used in the financial sector to digitalise services and for moving customers to the cloud. The new funds will be invested in growth and expanding into new markets.
Europe's introduction this year of "open banking" regulation, which forces lenders to provide access to accounts of customers who authorise it, has left senior bankers worrying that tech groups will cherry-pick the best parts of their business.
Francisco González, executive chairman of Spanish bank BBVA, has warned that groups such as Facebook and Amazon in the US, and Alibaba and Tencent in China will "replace many banks". He called on a global body such as the G20 to take action, saying "authorities [need] to bring order to this massive change" that could "pose risks to financial stability".
The crowdfunding regulatory framework, which was established in 2014 and updated in 2016, set up different statuses for intermediaries in relation to the marketed products:
crowdfunding investment advisors for investments in equity, bonds and "minibons" (interest-bearing notes). They are supervised by the AMF;
crowdlending intermediaries for donations or loans – with or without interest. These professionals fall under the jurisdiction of the ACPR.
The conference gathered more than 2,500 delegates from more than 50 countries from the five continents at the old French stock exchange in Paris, France. Alternative finance was one of the many topics addressed – the event spans Fintech and Insurtech and topics ranging from cryptocurrencies and blockchain to Artificial Intelligence and to Regtech.
They're young: The 16 firms are on average 5.5 years old (with the oldest being 12 years old, the youngest not even 2),
Very international: They serve on average 4 different countries and together, with much overlap, cover 32 countries on the five continents.
Getting big: They have helped finance nearly €9.5 billion ($12 billion) worth of loans, bonds, and private equity for consumers and SMEs.
Well-funded: They raised on average $30 million in private equity for themselves
Panelists Davis Barons, CEO of Creamfinance, Poland; Boris Batin, CEO of ID Finance, Spain; and Mark Ruddock, CEO of 4finance, Latvia, may be the best-kept secrets of global alternative finance. Founded respectively in 2012, 2012, and 2008, these companies have originated loan volumes measured in the €100s of million, and even, in the case of 4Finance, in billions of euros.
With the increased use of mobiles and digital revolution, every business has been disrupted, and financial services are no exception to this. There has been a drastic change in the way people are now accessing financial products and services. Customers are now looking out for FinServes that offer mobile apps and wearable technology to uninsured millennials. Insurance companies associating with FinTechs is on a rise and FinServes are increasingly leveraging new technologies to enhance customer experience. All insurance related process platforms ranging from claims, underwriting, distribution, and brokerage are being automated in innovative ways.
According to a survey, FinTech is expected to be customer-focus by nearly 75% respondents out the 432 respondents surveyed. About 84% respondents expect that in the next five years, FinTech mobile applications will show the largest growth in usage.
Accept the changing market scenario
Invest in technology: You need to implement innovative technology by investing in ventures to sideline your competitors in the FinServe industry.
Work in partnership: You need to collaborate with partners beyond the FinServe industry who have experience and can come up with new ways to generate value.
Analyse your success goals: So, plan your goals for the future by cautiously investing in digital technologies that are easy to implement and considering the opportunities available for improving business models.
Challenges faced by InsurTech
IT security concerns: The security challenges of the IT industry make it a challenge for customers to enter the FinTech environment with complete reliability.
Frictions in customer journey: With the introduction of FinTech, customer expectations have reached a whole new level. However, they still experience a lot of friction throughout their journey as their very high expectations are still not met.
New and different business models: As the traditional insurance industry remained unchanged for over a century, the change in business models is not easily acceptable. Failure to meet user's rapidly changing needs with time creates a challenge for FinTech adoption.
According to a recent survey by online lender State Custodians, 61 per cent of respondents don't know that mortgage interest payments on an investment property are tax deductible.
A property is said to be negatively geared when expenses exceed rental income, and this net loss can be applied against other income, including salary or business income, to reduce your tax bill.
Only 23 per cent of people under 35 know interest repayments are tax deductible compared with 44 percent of people aged 35 and over.
The Australian Tax Office explains what expenses are deductible, but crunching the numbers based on a hypothetical property purchase can help put it into perspective.
Source: Domain.com.au
Even as the government failed to address the issues of angel tax and crowdfunding of startups in Budget 2018, India's young ventures have welcomed the move to encourage financial-tech sector and healthcare.
Bhavin Patel, Founder & CEO, LenDenClub:
"The government's step of introducing LTCG tax of 10 percent on capital gains over Rs. 1 lakh could push investors to go to other fixed income avenues like P2P Lending. The policy will encourage investors to consider P2P lending as an alternate platform to invest and earn profitable returns. The reduction in the Corporate tax to 25 percent also appears as some relief to MSMEs like us.
The efforts towards creating the right environment for Fintech companies to grow in India will bring in promising growth prospects for P2P lending platforms."
Satyam Kumar- CEO and CO-Founder, Loantap:
"We are happy that Finance Minister has acknowledged voice from Fintech Industry seeking soft touch approach to regulation and making a strong case for Fintech participation in supporting SME/ MSME growth. Fintech as a segment has been signalled out in this budget with a very clear objective of credit push to the last mile. We see it as strong government backing for the way fintech industry is shaping in India."
MatchMove India today announced its partnership with Rubique, India's leading marketplace for financial services, to transform the current way of paying and disbursing funds to multiple recipients. Rubique's platform provides a wide range of loan products and end-to-end loan fulfilments to individuals and Small and Medium Enterprises (or SMEs) through its wide network of retailers and distributors.
The globally proven MatchMove Bank Wallet Operating System enables Rubique to pay commissions, incentives and cashbacks to its retailers and distributors securely with just one click.
India's lending market is expected to be valued at US$3 trillion by 2026 and this presents a huge opportunity for Rubique.
To date, Rubique has processed approximately 100,000 applications, disbursed US$345 million worth of loans and signed up about 65,000 cards across 80 financial institutions. Rubique's business has seen a fourfold increase year-on-year and it plans to increase its footprint from 27 to 100 cities next year.
Traditional financial services accounts for around 55% of Cayman's economy, but emerging technologies – blockchain being one example – are poised to change the industry forever.
Fintech, a mash-up of finance and technology, is a word we are likely to hear more often in years to come. In the not-so-distant past, Fintech referred to the back-end computer technology used by banks or trading firms. Over the last decade Fintech has evolved to describe a broad variety of technological interventions into personal and commercial finance, and it's garnering a lot of investment.
George Popescu
Allen Taylor
Author Allen TaylorPosted on February 6, 2018 Categories Australia, Banking, Behalf, Bitcoin, Blockchain, Bud, Compliance Keeper, Credit, Credit Cards, crowdfunding, Daily News Digest, Featured, financial services, fintech, Fluz Fluz, FreeAgent, Funding Circle, Lend Academy, lendingclub, MatchMove, Millennials, mobile apps, Monzo, mortgage lending, neobanks, NetCredit, News, Ohpen, payments, paypal, Plum, R5-SHCH Connect, Regulation, Revolut, Ron Suber, Rubique, small business investment, SoFi, startups, student loan debt, Verifundr, Zopa, Zorin Finance
Friday October 20 2017, Daily News Digest
News Comments Today's main news: Betterment achieves private unicorn status. Venmo available at 2 million retailers. PayPal sees profits rise after targeting mobile payments growth. Finova secures $102.5M in equity, credit facility. Lendy investors see 100M GBP in returns. PayKey raises $10M for Asian expansion. Lendex.io plans ICO. Today's main analysis: Qudian's IPO underlines China's fintech appetite. Mind the GAP in the […]
Today's main news: Betterment achieves private unicorn status. Venmo available at 2 million retailers. PayPal sees profits rise after targeting mobile payments growth. Finova secures $102.5M in equity, credit facility. Lendy investors see 100M GBP in returns. PayKey raises $10M for Asian expansion. Lendex.io plans ICO.
Today's main analysis: Qudian's IPO underlines China's fintech appetite. Mind the GAP in the lending GAP.
Today's thought-provoking articles: Qudian's IPO underlines China's fintech appetite. Chinese P2P lending bankruptcies raise eyebrows. Mind the GAP in the lending GAP. The digital future of the Middle East.
Betterment valued at $1B based on EquityZen trading. AT: "This makes me wonder if we might see an IPO in the works. Maybe Betterment thinks it doesn't need to go public. If they can be this strong as a private company, maybe not."
Venmo now accessible through 2 million retailers. AT: "Venmo has a lot of potential, and it can make PayPal an even stronger force to reckon with."
PayPal sees huge profit rise after focusing on mobile payments. AT: "Mobile payments is still in its infancy. PayPal has the potential to be one of the major worldwide forces in mobile payments as the industry grows."
Finova Financial secures $102.5M in equity and credit facility funding. AT: "Congratulations. Does this mean we'll soon see expansion into other states?"
Fundrise Growth eREIT files to raise $45.7M.
Clearbanc works with Facebook to deliver financing to small businesses.
Alternative lenders speak on small dollar rule. AT: "Online lenders seem to be in favor of the rule across the board. That's understandable since a decline in brick-and-mortar payday lenders could lead to a rise in online lenders who can create viable products to fill the gap."
Consumer Financial Protection Bureau advisory board sets meeting date for Nov. 2.
Climb Credit enters into $130M loan purchase agreements.
How consumer banks embrace artificial intelligence. AT: "If banks are going to compete, they'll have to move beyond chatbots and virtual assistants. They're not really embracing AI until they start using it for underwriting."
Top 10 affordable MBA programs.
Is dating a financial audition? AT: "It should be."
Fintechs should have the option to apply for a national bank charter.
6 ways home buyers scare off sellers.
OppLoans appoints Data Everywhere founder as CTO.
Oklahoma to send out CashCall refund checks soon.
Lendy has repaid 100M GBP to investors this year.
First Associates receives FCA authorization.
IFISA investments should take off in 2018.
Othera partners with Lendhaus.
HSBC launches offering through Bud.
Britain sees record investments since Brexit.
3 ways to use social media to get a business loan.
Qudian's IPO underlines Chinese appetite for fintech. AT: "I think we'll see more to come."
Chinese P2P bankruptcies raises eyebrows.
Supply chain finance poised to be the next Internet boom in China.
PayKey raises $10M for Asian expansion.
Mind the GAP in the lending GAP.
P2P auto lending risks investor returns.
MyDeal.com launches loan offering for retailers.
Robo-advice decision is good for Kiwis.
What new P2P norms mean for the industry.
Why State Bank of India is afraid of small fintechs.
Lendex.io plans ICO for early 2018.
The Middle East's digital future.
What businesses can do if Kickstarter isn't enough.
Betterment is now valued at $ 1 billion in private market trading (Business Insider), Rated: AAA
Venmo users can now pay at over 2 million retailers (Business Insider), Rated: AAA
PayPal tops profit estimates, lifts target on mobile payments growth (Reuters), Rated: AAA
Florida Fintech Finova Financial Secures $ 102.5 Million In Equity & Credit Facility Funding (Crowfund Insider), Rated: AAA
Fundrise Growth eREIT Files to Raise $ 45.7 Million (Crowdfund Insider), Rated: A
LILY Partners with Affirm to Offer Drone Buyers Pay Over Time Options (PR Newswire), Rated: A
Clearbanc, Michele Romanow work with Facebook for easy small business financing (Financial Post), Rated: A
Perspectives from Around the Industry on CFPB's Small Dollar Rule (Lend Academy), Rated: A
CFPB Consumer Advisory Board to meet Nov. 2 (National Law Review), Rated: B
Climb Credit Enters Into $ 130 Million Loan Purchase Agreements (PR Newswire), Rated: A
Roostify Unveils New Decision Builder to Improve Pre-Application Consumer Experience and Drive Leads (PR Newswire), Rated: A
How consumer banking leaders are embracing AI (American Banker), Rated: A
The Top 10 Most Affordable MBA Programs In The United States (BusinessBecause), Rated: A
Has Dating Become a Financial Audition? (24/7 Wall St.), Rated: A
OCC's Noreika: National Bank Charters Should Be an Option for Fintech Firms (ABA Banking Journal), Rated: B
Zoinks! 6 Ways Home Buyers Scare Off Sellers (Realtor.com), Rated: B
Online Lender OppLoans Appoints Data Everywhere Founder Andy Pruitt as New CTO (Crowdfund Insider), Rated: B
State rolls out refund program, checks on the way (KFOR), Rated: B
Lendy has repaid £100m to investors this year (P2P Finance News), Rated: AAA
First Associates Receives FCA Authorization to Service Loans in the United Kingdom (First Associates), Rated: A
IFISA investments 'to take off' in 2018 (P2P Finance News), Rated: A
Othera announces new contract with U.K.'s Lendhaus (LendIt), Rated: A
HSBC launches integrated financial offering through Bud and first direct (IBS Intelligence), Rated: A
Britain's fintech BOOMS: Record levels of global investment ploughed into sector (Express), Rated: A
3 Ways You Can Use Social Media to Get a Business Loan (NetNewsLedger), Rated: B
Qudian's New York IPO underlines appetite for China's fintech (Financial Times), Rated: AAA
A rash of bankruptcies hits Chinese lenders backed by state firms (The Economist), Rated: AAA
Supply chain finance tipped to become US$ 2.27tn market for Chinese internet firms by 2020 (SCMP), Rated: A
Israeli fintech startup PayKey raises $ 10 million to expand in Asia (Tech.eu), Rated: AAA
Mind the GAP in the Lending GAP (AltFi), Rated: AAA
P2P auto-lending is risking investor ethics and returns (P2P Finance News), Rated: A
Australian marketplace MyDeal.com.au launches fintech loan offering for retailers (Australian Anthill), Rated: AAA
Robo-Advice Decision Will Improve Kiwis' Financial Fortunes (Scoop), Rated: A
What do RBI regulations mean for peer-to-peer industry (Financial Express), Rated: A
Why State Bank of India is afraid of small but nimble fintech companies (ET Markets), Rated: B
Kazakhstan's Lendex.io plans ICO in early 2018 (Blockchain News), Rated: AAA
Transitioning to a digital future in the Middle East (TXF News), Rated: AAA
When Kickstarter isn't enough (The Globe and Mail), Rated: A
Betterment, a roboadviser with $11 billion under management, is considered a unicorn in the private markets.
Preferred shares of Betterment are being offered at a price of $11 on EquityZen, an online marketsite for shares of private companies, according to a list of investment opportunities seen by Business Insider. That gives Betterment an implied valuation of over $1 billion.
EquityZen, a four-year-old New York-based company, provides a platform on which private company investors can sell their shares to accredited investors. It serves 20,000 investors and has secured $6.5 million in funding.
PayPal is giving over 2 million retailers in the US the ability to accept Venmo payments, marking the firm's most aggressive move yet to
Sharp growth in mobile payments led PayPal Holdings Inc (PYPL.O) to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year.
The San Jose, California-based payments company has been working hard in recent years to expand its reach to new customers through partnerships and acquisitions, particularly in mobile payments. Those deals are clearly starting to bear fruit, analysts said.
PayPal shares were up 3.9 percent at $69.89 in after-hours trading following the results.
The company's adjusted profit rose 32 percent during the third quarter to $560 million, or 46 cents per share, beating the average analyst estimate of 43 cents, according to Thomson Reuters I/B/E/S.
Revenue rose 21.4 percent to $3.24 billion.
Its mobile payments volume jumped 54 percent during the third quarter compared with the year-ago period, to about $40 billion. Total payments volume rose 31 percent to $114 billion.
Florida fintech firm Finova Financial announced on Tuesday it has secured $102.5 million in equity and credit facility funding. The financing was led by CoVenture with participation from existing investors.
Finova's current digital products include its Car Equity Line of Credit (CLOC) and Automobile-Secured Prepaid Card. Its services are available in Florida, California, Tennessee, New Mexico, South Carolina, Oregon and Arizona.
The Fundrise Equity REIT, or Growth eREIT, has filed with the SEC to raise up to $45,730,440 under Reg A+. The amount includes $11.8 million from a previous offering circular.
The Growth eREIT most recently paid an 8% dividend.
The first Growth eREIT sold out at the maximum amount under Reg A+ of $50 million.
Investors may purchase shares in the eREIT with at a minimum $1000. Under Reg A+, both accredited and non-accredited investors may participate.
Mota Group's LILY® division today announced a new flexible time-payment option, partnering with Affirm to offer shoppers in the United States the flexibility of buying now and making simple monthly payments for their purchases.
This new option is in addition to LILY's existing payment methods of credit and debit cards, Bitcoin, and PayPal, making LILY the only consumer drone company to offer all five methods of payment.
LILY customers may select Affirm at checkout and view their monthly payments up front before making their purchase. More information and purchasing options are available at www.lily.camera/affirm.
"The number one thing that prevents entrepreneurs from growing big businesses is access to capital," says tech entrepreneur and CBC Dragon Michele Romanow. She's looking to change that for e-commerce businesses.
Today, Romanow's Clearbanc, which provides revenue-based financing to online businesses, announced a new program with Facebook that will give the social media giant's five million online merchants across Canada and the U.S. access to up to $500,000 in financing without having to give up any equity or fill out any paperwork or even undergo a credit check.
Facebook advertisers that have been operating for more than six months and are looking for money to grow, and have positive economics on ad spends — meaning when they buy an ad they are making a positive margin on selling that product — can apply online through Clearbanc's Chrged program, which provides tools to help businesses scale, and connecting their Facebook Ad Account and payment processor.
Sasha Orloff, CEO and Co-Founder of LendUp:
As a socially-responsible lender on a mission to improve credit access for underserved consumers, LendUp shares the CFPB's goal of reforming the troubled payday lending market. Since our founding, we've been a strong advocate for eliminating the predatory practices that have defined the short-term lending market and are pleased that many of these reforms are included in the rule.
At a time when more than half of Americans are unable to access traditional banking products, it is critical that we offer consumers as many safe credit options as possible.
Ken Rees, CEO of Elevate Credit:
We believe the CFPB got it exactly right with the rule.
The rule will dramatically change the landscape of non-bank, non-prime lending in this country. In addition to reducing the number of payday lenders and title lenders, the requirements for advanced underwriting and reporting will push most of the mom-and-pop, primarily brick-and-mortar lenders out of existence. We believe that the growing need for non-prime consumer credit will be filled by more sophisticated technology-enabled online lenders.
Lisa McGreevy, President & CEO, Online Lenders Alliance (full response here):
The biggest problem with the rule is the very prescriptive nature for a product that is $500 or less. There is no room for any new products or innovation in this space.
APR is an irrelevant measure for very short term loans like this. The CFPB quotes that more than 80% of these loans are rolled over for another loan within the month. That is unacceptable.
The CFPB has published a notice in the Federal Register announcing that a meeting of its Consumer Advisory Board will be held in Tampa, Florida on November 2, 2017.
Presumably, the loan discussion will focus on the CFPB's final payday loan rule.
Climb Credit, a student lending company that expands access to quality education for the new economy, today announced that it has entered into agreements with investors to purchase $130 million of student loans originated by Climb Credit.
The transaction will enable Climb Credit to continue expanding its student loan programs beyond its current network of software development, UI/UX design, robotics, welding, nursing, and other skills-based programs in additional high-earning fields. Climb Credit's focus is to transform the higher education paradigm by providing better access and affordable funding to students to attend schools that consistently demonstrate a strong return on investment (ROI) for their students.
Roostify, a provider of automated mortgage transaction technology, today announced the upcoming release of Decision Builder, a new tool that will enable lenders to easily provide their prospective applicants with a clear, easily-digestible view of their loan options, based on the lender's actual product and pricing system. The company will be offering live demonstrations of Decision Builder for the first time at the upcoming MBA Annual Convention.
The Decision Builder tool can be placed on a lender's existing website, and features a handful of dropdown questions, such as the desired loan amount, the expected down payment, and the ZIP code of the house to be purchased. With that information, Decision Builder will generate a series of loan options based on the lender's product and pricing system, showing the consumer what products and rates they would qualify for. Each option is presented in a visual, easy-to-understand interface with clear explanation of the benefit of the loan product – for example, a lower monthly payment or low total interest. From there, the consumer can more easily evaluate which loan product is right for them.
With accurate, realistic loan information from the lender's website, the consumer can carefully consider their options on their own time, without the pressure of having to decide within the limited window of an appointment with a loan officer. When they've made a decision, the interface includes a convenient option to move forward on their chosen loan with the click of a button.
Artificial intelligence is becoming a competitive advantage that will force institutions to incorporate it, according to participants at the BankAI conference this week.
"People will have to adopt artificial intelligence," said Brian Pearce, senior vice president of artificial intelligence at Wells Fargo. "It will have to become part of everyone's set of tools."
What banks are doing
Wells Fargo is piloting several chatbot technologies, though it has yet to suggest a launch date for any of them.
The bank has a team dedicated to bereavement — they take these phone calls and help executors manage the estates of the newly deceased.
Michelle Moore, head of digital banking at Bank of America, shared an update on the virtual assistant it announced a year ago, erica. It's now in use by 300 employees. Sixty percent of the time, employees choose to interact with erica by voice, though they could also use chat, Moore said.
Ally Bank was one of the first to launch an AI-based virtual assistant two years ago: Ally Assist, which is based on technology from Personetics.
Most people who commonly interact with Ally Assist are heavier transaction customers, Morais said.
The bank is also using AI in the back office. For instance, the bank used robotic process automation to streamline an exception process that had required back-office staff to navigate multiple screens and type hundreds of keystrokes. It now takes three clicks.
Robert Sears, executive vice president and global head of product for new digital businesses at BBVA, said the bank is applying AI in credit decisions and focusing on explainability.
For those studying abroad, organizations like Prodigy Finance—a borderless, peer-to-peer lending platform—provide international, post-graduate loans.
Student Loan Hero looked at 116 of the top American business schools to identify which programs are most financially affordable, taking into account the average debt of graduates, average starting salaries, and annual tuition fees.
Average Indebtedness
Percentage of graduates with debt
Annual tuition and fees
Average starting compensation
1 Lehigh University $0 0 $19,350 $86,667
2 Oklahoma City University $11,331 9 $16,230 $101,090
3 University of Texas — Dallas $7,132 25 $19,048 $83,000
4 Missouri University of Science and Technology $11,386 19 $15,402 $66,667
5 Oklahoma State University (Spears) $18,728 22 $12,121 $70,700
6 University of Missouri (Trulaske) $20,495 20 $14,599 $64,252
7 Florida State University $14,379 31 $18,693 $67,308
8 West Virginia University $18,608 33 $9,450 $58,488
9 Louisiana State University—Baton Rouge (Ourso) $17,900 27 $17,800 $62,429
10 West Texas A&M $18,500 54 $9,600 $93,625
Got a Business Loan? 4 Great Ways to Use It for Growth (Business News Daily), Rated: A
Jay DesMarteau, head of commercial bank specialty segments at TD Bank, said early-stage businesses will often use their funds for operational necessities such as buying inventory and building products.
Isaac Rodriguez, CEO of Provident Loan Society, notes that as a not-for-profit collateral lender, most of his organization's loans are made for short-term expenses such as meeting payroll.
David Reiling, CEO of Minnesota-based Sunrise Banks, confirmed this trend, noting that many of the bank's small business customers now use their borrowed capital for technology purchases.
For example, according to a recent survey from TD Bank, 69 percent of small business owners either believe they do not have a business credit score or believe that business credit scores do not exist.
Of course, an alternative lender may be a better option if you want an even smaller loan or if you don't qualify for a traditional bank loan.
Student loan marketplace and refinancing website LendEDU polled 1,000 Americans to discover their personal finance preferences when it comes to dating.
The big question, though, was this one: "Would you consider [annual income, student loan debt, or credit card debt] to be a critical factor when deciding to date someone?"
Just over 30% of respondents said that credit card debt was a critical factor in deciding whom to date, compared with just less than 19% who saw annual income as a critical factor and 12% who saw student loan debt as critical.
Acting Comptroller of the Currency Keith Noreika today reiterated his view that companies providing financial products and services should be subject to the same regulations and examinations as traditional banks, while emphasizing that a path should exist for these companies to apply for a national bank charter.
So, in case you want to make sure you aren't doing anything that might send up red flags, here are some things buyers do that scare off sellers.
For instance, a new, fly-by-night online lender might give some sellers the heebie-jeebies. So make sure to ask your agent (and also the seller's agent) whether there's a certain lender they trust.
Online lender OppLoans announced on Thursday it has appointed Andy Pruitt to the role of CTO. Pruitt is a hands-on technologist who has helped start and grow three Chicago-area software companies. He isfounder of Data Anywhere, a data management company.
CashCall refunds are still on the way.
By the time Wanda took action she had already paid online lender, CashCall, $1800 dollars on an $800 dollar loan and she didn't even get her loan through CashCall.
The agreement gives the state one million dollars to distribute to customers.
LENDY has announced that it has returned £100m to investors over the last year alone, as it celebrates its fifth birthday this week.
The peer-to-peer property platform said on Thursday that this was a 120 per cent year-on-year increase and that it has now repaid £183m to investors since launch.
Lendy recently announced the repayment of a £7.92m loan, one of the largest seen in the UK's P2P sector to date. The facility had been repaid ahead of schedule and delivered annual returns of 12 per cent to investors.
First Associates Loan Servicing announced that they have received Financial Conduct Authority authorization to undertake debt administration and debt collection in the United Kingdom.
In addition to having a stellar reputation for their loan servicing support and being the only loan servicer in their class to earn Morningstar Credit Ratings' highest operational assessment ranking1, First Associates also offers lending support solutions to their roster of industry-lending clients including:
Capital Markets Support
Pre-Funding Support
Post-Funding Support
2018 MAY be the year in which the Innovative Finance ISA (IFISA) finally takes off, an industry expert has suggested.
Neil Faulkner, chief executive and founder of peer-to-peer analysis firm 4th Way, noted that the small platforms that have already launched IFISAs have seen massive boosts to their lending volumes, and suggested that the amount of money in IFISAs "will go up many-fold" when the major platforms have their own accounts on offer.
Take-up of IFISAs has been relatively slow so far, with HMRC figures suggesting that just £17m was invested across 2,000 accounts in the 2016-17 tax year, though these have been queried by P2P firms.
Announced at Lendit in London, Othera, a blockchain software provider for the financial services industry has just signed to their proprietary blockchain platform, Lendhaus, a London- based loan originator providing syndicated lending for the commercial real estate sector.
HSBC UK has announced a partnership with Bud through first direct to offer an integrated offering of financial services products and tools across the market.
This first direct trial kicks off in December and it includes proprietary algorithms – Market+ – to suggest the most suitable financial and non-financial products and services based on individual needs.
More than £825million has been pumped into the UK fintech since January – double the amount raised in the same period in 2016 – proving the vote to leave the European Union (EU) has not turned investors off Britain.
In fact, since the EU referendum vote, UK fintech companies have raised more than £1billion, according to research by London & Partners.
The capital has been the major winner from investment, receiving around 90 per cent of all venture capital investment.
London-based firms Funding Circle, Revolut and Receipt Bank each raised tens of millions of pounds of investment this year.
There are several online lenders available to offer you loans; they use your social media data to take a decision. Kabbage is the most popular loan landers working online. Kabbage offers the loan to the small businesses and keeps the cash flow in the different businesses. Before giving you the loan, they will ask you to get the access to your social media accounts.
Mark Arnold – a branding expert advises the credit unions and banks check a business credibility and see how effectively they are grabbing the market through social media. These businesses primarily look at different business especially at LinkedIn pages to determine the loan eligibility.
Use some crowdfunding websites to raise money for your business-like GoFundMe, Kickstarter, and Indiegogo.Share links to your crowdfunding webpages on your social networks on Twitter and Facebook and motivate people to share on their social networks.
Qudian, one of China's largest online lenders, had a debut to remember on the New York Stock Exchange this week. Its shares closed up 22 per cent, making a multi-millionaire of founder and chief executive Min Luo.
The company, which raised $900m in the share sale, is the latest to underline investors' appetite for the collision of lending and technology that has given rise to the Chinese fintech sector. Two days before Qudian's debut on Wednesday, Chinese peer-to-peer lender Ppdai announced plans to raise $350m in New York, and at least a dozen similar issuers are preparing flotations.
About 40 per cent of consumers in China make payments online, and 14 per cent have gone on the web to borrow money, according to DBS.
Qudian's IPO — the fourth-biggest in the US this year — comes on the heels of Chinese online insurer ZhongAn's hotly received $1.5bn IPO last month in Hong Kong. ZhongAn's stock is up 34 per cent from its debut.
Source: Financial Times
Wary of online lending, regulators have strictly limited online financial products such as high interest "payday loans" and microloans by capping interest rates at 36 per cent. Last May, new restrictions wiped out scores of P2P lending networks in China, after worries that it was fuelling real estate speculation and subprime lending.
In the past two months at least seven online lenders backed by SOEs have collapsed. It was a business none should have been in, far removed from the industries they were supposed to focus on. The money potentially lost is trivial—roughly 1bn yuan ($150m), compared with government assets worth more than 100trn yuan. Still, these cases highlight how hard it is for the party to stamp its authority on the vast state sector.
The troubled SOEs include distant subsidiaries of the national nuclear company, an aviation company and a big energy company in Shanxi, a northern province. They had acquired stakes, from as little as 20% up to 100%, in online peer-to-peer (P2P) lending platforms.
They were "marriages of convenience", says Joe Zhang, chairman of China Smartpay, a financial-services company.
China's supply chain finance sector is now being tipped to be worth a whopping 15 trillion yuan (US$2.27 trillion) by 2020, and the mainland's booming internet-based businesses are lining up to grab their own share of it.
And despite the reverberations from the recent peer-to-peer (P2P) lending crisis, a marriage between information technology and financial services is continuing to play a vital role in transforming Chinese business.
That 15 trillion yuan figure was calculated by Forward Business, a Shenzhen-based consultancy focusing on studies of IT and other emerging industries, which also suggests mainland banks granted a combined 12.65 trillion yuan in new loans to the budding sector.
But the grim reality remains, that the larger commercial lenders remain belligerently reluctant to grant small loans to businesses and individuals, who present anything like a risk.
Established in 2013, Tiandihui is an online platform where cargo and trucks are matched.
It s network stretches across 50 mainland cities and it handled some 64 billion yuan worth of transactions last year. The company, which charges fees for its matchmaking, has yet to break even.
Israeli fintech startup PayKey has raised $10 million in its Series B round led by MizMaa with participation from SBI Group, Digital Ventures, SixThirty, Fintech71, and The FinLab.
The new funds will be invested in global expansion, namely in the Asian market. Several of the investors in this round are Asian based while the startup graduated from the Singaporean FinLab accelerator.
The Lending Gap has been one of the most quoted negative consequences of the financial crisis. Many political efforts have been conducted to stimulate the economy. New business models (e.g., private debt, direct lending, alternative finance, peer to peer) were born with the explicit aim and mission to "fill the gap".
Where are we today, 10 years after the crisis? Are borrowers still suffering? What investment opportunities are out there, if any?
FACT #1. The lending gap has been reduced, and the drivers have changed.
FACT #2. New alternative lending opportunities have opened up.
FACT #3. Banks are in better shape today, but exposed to the digital revolution and various structural challenges.
Source: AltFi
FACT #4. Credit expansion has resumed since YE 2014.
THE MOVE towards auto-lending among some peer-to-peer platforms may limit interest rates and be a stumbling block for investors worried about the type of businesses they lend to, a European automated P2P firm has said.
Despite being automated itself, Latvia-based Robo.cash has claimed lenders may be missing out on higher interest rates with a passive investment strategy.
As an example, Funding Circle recently moved from manual to auto-lending,now offering a conservation option at 4.8 per cent or a balanced approach at 7.5 per cent.
Online retail marketplace MyDeal.com.au has launched business loan offering MyDeal Marketplace Loans to accelerate the growth of their listed retailers.
Retailers who list their products through the MyDeal Marketplace can now apply for a business loan of up to $250,000 directly through their supplier management system and in many cases receive the funding in under 24 hours.
This offering is in partnership with fintech business Prospa, Australia's leading online lender for small business.
"We've long seen the potential for technology to deliver better personalised financial advice to Kiwis," said Ramesh Naran, Senior Manager, Digital and Innovation at Kiwi Wealth. "With this decision by the FMA, we can go through the application process and turn Future You into the powerful, personalised tool we've always wanted it to be. It's already on its way to becoming the platform that'll set the industry standard."
Mr Naran said the FMA's approach recognises the ability of technology to improve financial understanding and outcomes for New Zealanders.
In a much-awaited move, RBI issued guidelines to govern peer-to-peer lending or P2P. This is a landmark decision that will go the distance in achieving the objective of financial inclusion.
For the time being, RBI has advised NBFC P2Ps not to offer or arrange any credit enhancement or credit guarantee. Against this backdrop, the principal protection fund, which has been an exclusive offering of i2iFunding so far, may need some tweaking. At present, we are neither guaranteeing any compensation from the third-party nor are we making a claim of apportioning our capital for the purpose. Therefore, we will approach the regulator to get more clarity on this and would do our best in the interest of members of the platform. Existing investors need not hit the panic button.
More than 24,000 branches and 42 crore customers make the State Bank of IndiaBSE 0.00 % the goliath of all banks by sheer size and physical presence but its new chairman Rajnish Kumar is worried about the competition from nimble fintech companies.
"Today, the risk is the disruption that is caused by the technology ," Rajnish Kumar, chairman, State Bank of India told ET in an interview. "We have to be very alert to this challenge. Protecting the turf and meeting the challenges from all the new fintech companies is the priority ."
Wallets and other payment mechanisms have become the preferred mode of payments as people walking into branches have dwindled.
Founded and developed in Kazakhstan, the biggest economy of Central Asia, FinTech startup Lendex has announced plans for ICO crowdsale to finance the launch of a cross-border P2P (peer-to-peer) lending platform for underbanked consumers in Central and South East Asia.
Global fintech investment has risen phenomenally in recent years – from $3 billion in 2013 to $24.7 billion in 2016.
Although less than 0.1% of fintech investment originates in the Middle East, growing influence from a soaring millennial population, and increasing expectations for digital solutions, are giving rise to a burgeoning number of fintech initiatives throughout the region. In fact, the number of fintech companies in the Middle East and North Africa (MENA) region is expected to surge – from 105 at the start of 2016 to 250 by 2020. And fintech investment is predicted to grow by 270% in the Middle East this year, indicating the huge potential for digital change –and a strengthening drive to deliver it.
The majority of fintech innovation so far has been in the payments sector. Although fintech has already made a mark in the retail payments space – with new companies such as the UAE's Beehive, an online marketplace for peer to peer lending, and Telr, an online payment gateway for emerging markets – effecting change in the corporate sector is more challenging. This is primarily due to the often more complex, cross-border nature of corporate payments and the accompanying regulations and security requirements.
SWIFT gpi already has the backing of over 110 banks across the globe – including BNY Mellon – which represents over 75% of SWIFT's global payments traffic. The UAE's Mashreq Bank was the first Middle Eastern bank to join SWIFT gpi earlier this year.
Trade finance and fintech development
AI, for instance, offers solutions to improve documentation flow and cut the need for time consuming processes. Two types of AI that could benefit trade finance are optimal character recognition (OCR) and intelligent character recognition (ICR). OCR converts images of paper documents into machine-encoded text, enabling documents used in trade transactions to be verified automatically; while ICR is able to learn and identify patterns of behaviour embedded in trade documentation. These capabilities would both help to improve efficiency and reduce costs in the supply chain.
They launched their Toronto-based venture, MagneTree Books, in the spring of 2015 with the help of a Kickstarter campaign for presales of their inaugural book.
Neither Josie, who was at the end of a maternity leave, nor Ronny, who worked for a humanitarian aid organization, had much savings to fund their startup or the first run of books, which together rang in at more than $65,000. A bank loan wasn't an option; neither entrepreneur was in a position to cover the debt if something went awry.
Online sales have been slow – just 15 per cent of their books are sold on the web. But corporate gifting and wholesaling has proven fertile. Still, the company has yet to break even. Profit on a run of books rings up at about $7,000.
But they have a big problem: no cash to fund the second book's production and marketing. Neither sibling is able to personally lend the company money, and they have begun crowdfunding once more.
Mr. Zakharia notes that the amount of money the siblings need to fund their second book is relatively small at between $7,000 and $10,000. Still, their inability to make a personal loan or secure a bank loan will make them unattractive to traditional lenders. "Banks are going to be very conservative," Mr. Zakharia said.
One option the pair might consider is Lending Loop, a peer-to-peer lending marketplace that might be their fastest route to raising cash. "Because it's such a small amount, I think it would be pretty easy to raise," he said.
Author Allen TaylorPosted on October 20, 2017 Categories alternative lenders, Artificial Intelligence, auto lending, Banks, Betterment, Brexit, Bud, cashcall, CFPB, china p2p, Clearbanc, Climb Credit, Daily News Digest, EquityZen, Featured, finova, First Associates, Fundrise, HSBC, IFISA, IPO, Lendex.io, Lendhous, lending loop, Lendy, Middle East, Mobile payments, MyDeal, News, Online Lending, OppLoans, Othera, p2p auto lending, p2p lending, payday lending rule, PayKey, paypal, Qudian, Regulation, REIT, Reserve Bank of India, robo-advice, small business financing, small business lending, Student Loans, Supply Chain Funding, Venmo


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PRIVATE JET SHARE? MAKING AIR CHARTER WORK FOR YOU
Stephen Bailey May 01, 2019
Private jet shares sound confusing. Terminology gets flaunted around and it rarely makes sense. This article debunks myths so air charter can work for you.
What is a Private Jet Share?
It's confusing for anyone new to the industry. How can you own one eighth of a jet? Does that mean you're responsible for the wing? What is seat sharing? Who sits on top of who and how does that make a difference to the price?
A private jet share can mean different things. It's a crude amalgamation of concepts in the air charter industry. Boil it all down and it's a strategy for sharing the costs of a private jet, so it's more affordable and obtainable.
Let's Rewind…
Private air charters are regulated under FAA Part 135 regulations. This is a set of rules for on-demand operations that dictate how an operator can charter or rent their aircraft. A Part 135 operator can't charter or sell individual seats on their planes. If they did they would be a Part 121 operation, a scheduled commercial air service with paying customers. In recent years there have been new business models to get around this restriction.
Shared Seats and Private Jet Shuttle Services
Air charter companies have sought to make their flights more affordable by developing seat sharing or shuttle flight options. If the cost of a charter is USD 8000 and there are eight seats, the flight suddenly becomes more attractive at USD 1000 per seat. Essentially, passengers can purchase seats on a private aircraft. This could be on a bespoke, on-demand charter flight, or on a pre-determined scheduled route (a shuttle).
This brings the price down and is most popular on major business routes. You can check out the most popular air charter routes in North America here. To do this the operator must find a workaround for the regulations. This has mostly been achieved through subscription or membership schemes. For example, one passenger buys all the seats on a single flight and shares them with others. Or the operator may be registered as Part 121 for a pre-determined shuttle. Herein lies a problem.
Most shared seats or private jet shuttles require the passenger to purchase a membership or annual subscription. Often they pay this as well as the cost of their actual seat. When other people are flying it's no longer your charter so many of the air charter benefits have been lost. Naturally, sharing seats reduces flexibility and time saving. Passengers can't specify the route or take off time. Sometimes the private jet share forces passengers into changing schedule.
Ultimately, shared seats and private jet shuttles are a good way to fly on a smaller budget. But they are not private air charters. In reality they are commercial flights, just in smaller aircraft and using more business friendly airports. Check this article on airport FBOs to understand the benefits they bring to private jet travel.
Fractional Jet Ownership
A more traditional private jet share is a fractional jet ownership. Private jets are costly. The purchase price is already unaffordable to most and then you must consider maintenance, crew salaries, landing fees, fuel, and everything else. It doesn't seem like good value when the jet isn't needed every day. Owning an aircraft isn't going to pay off financially so the next choice is to own a fraction of a jet. That fraction can then be sold at the end of a contract, so there can be some return on investment.
This concept is not dissimilar to a timeshare. You pay for part of a jet then the number of flying hours you receive is equivalent to the share. Most aircraft operate for 800 flying hours a year. So if you have the minimum one sixteenth share this equates to 50 hours in the air. With fractional jet ownership there's usually a minimum contract of five years, for which you'll contribute the maintenance, storage and crew costs associated with the plane (in proportion to the share).
This can be expensive. Usually you must pay for the full fractional ownership up front, along with the annual fees. This model tends to mean a price premium for a private jet share. This in-depth article covers all aspects of fractional jet ownership, as well as providing example prices. It should be noted that private jet cards successfully transformed the air charter market because they provided a solution that was cheaper to fractional ownership.
Private Jet Memberships
Jet cards are a form of private jet shares. Passengers pre-purchase a set number of hours on a specific aircraft type (rather than a specific aircraft in the case of a fractional ownership). Buying hours is a good way into the market and it's cheaper than owning a jet, with membership schemes usually starting at around USD 100,000. This article offers an in-depth analysis of private jet cards, including prices and how they can best benefit flyers.
There are restrictions as the purchased hours can only be used on a specific size and type of jet. Plus their are hot travel dates and premium fees, along with re-positioning and other fees.
A New Style of Private Jet Share
Ultimately the challenge within Part 135 charters remain the same. How to bring the cost down and only pay for the share of a jet that you need? E.g. there are eight seats on an aircraft and passenger only needs one, so how can the cost be divided with others?
Airvel has a new solution to private jet shares, designed for groups of friends and colleagues traveling together. In the past one person had to pay for an aircraft in full – USD 8000 can be a big hit on the credit card and that's a relatively affordable charter.
With Airvel it's possible to reserve an aircraft and send a payment link to all the other passengers. Everyone can purchase their private jet share. When all the seats have been reserved the aircraft is confirmed. Note that money will not be debited until payment information has been added for all the seats. So if some passengers pull out the lead passenger doesn't end up out of pocket. Instead, that lead passenger can search for a smaller aircraft.
This private jet share option comes as standard when booking any air charter on Airvel. Other passengers are automatically sent a secure payment link, along with a reminder when they haven't paid.
Realizing All the Benefits of a Private Jet Share
The principles are straightforward. Reduce the costs of an air charter by only paying for a share, rather than the whole thing. There are other strategies for reducing the cost of an air charter.
Pay As You Fly
The advantage of scheduled commercial flights is that you pay as you go. There is no need to fork out tens of thousands of dollars just to get started. Just search for a flight, book the best available option, and then fly.
This pay as you fly model is now possible for private jet charters. Search, select, fly. It works exactly like commercial flights in that sense, just with all the benefits of private air travel. With Airvel there are no upfront costs, no annual membership fees, and no sneaky extras. Compare aircraft and prices side by side and choose what's best for you.
Book Charters Based on the Individual Needs of Each Flight
Owning a share or jet card for a 16-seater jet is great if you need 16 seats for every flight. Having a 50-hour membership for a Boston-based operator is ideal if you are always flying in and out of Boston. Fractional ownership and private jet cards are not a one size fits all. You purchase hours on a specific type of aircraft, usually from an operator with a regional specialism. If you fly the same route every two weeks with the same number of passengers this can be good value. But that's rarely the case.
Usually every flight is different. There are a different number of passengers, different departure and destination airports, along with a contrast in the essential onboard amenities or cabin style. The easiest way to reduce air charter costs is to pay as you fly and book the minimum that's needed for each individual flight. That means keeping the aircraft as small as possible, utilizing local operators to reduce re-positioning fees, and tapping into locally available deals.
Booking aircraft on an individual basis provides the best value solution for the majority of air charter customers. But isn't that complicated?
Airvel: The World's Leading Booking Engine For Private Jet Charters
Private jet cards revolutionized the industry 20 years ago. Airvel is doing the same today. It's the leading booking engine for private air charters, allowing anyone to search and book charters on an individual basis.
The booking engine is just like any of the major commercial booking engines. Search for flights between your departure and destination airports on the date of your choosing. Compare different options, in this case comparing different aircraft and their prices. Pay for the flight and get ready to fly.
Airvel is making is possible for anyone to fly anywhere, anytime. No upfront fees, no private jet shares, and nothing more than what you need.
AIR CHARTER FAQS – LEARN, UNDERSTAND, GET GOOD DEALS
HOW MUCH IS A JET CARD? BEST STRATEGIES & ALTERNATIVES
Stephen Bailey
An award-winning travel writer who swapped the newspaper editorial desk for the life of a travel hacker. Writes about how to find the best deals, inspirational places to go, and irreverent articles that no purpose other than pleasure.
Airvel Connect
How Airvel Works
Why Fly Airvel
service@airvel.com
We only arrange flights on behalf of clients with FAR Part 135 direct air carriers that exercise full operational control of charter flights at all times. Flight will be operated by FAR Part 135 direct air carriers that have been certified to provide service for Airvel and that meet all FAA safety standards and additional safety standards established by Airvel.
AIRVEL, 801 HANGAR LANE, HANGAR 9, NASHVILLE, TN 37217, UNITED STATES844-424-7935SERVICE@AIRVEL.COM

redpajama_set_name: RedPajamaCommonCrawl


Most yoga teachers will tell you to 'come down to Child's pose' if you feel tired, overwhelmed, or in need of a rest during class. But Child's pose doesn't have to be a snooze.
Yes — Child's pose or Balasana is very good for relaxing, especially if you drop to the floor for a rest to break up a set of strong balancing postures or in between sequences in a Warrior flow.
It can be a great transitional posture, releasing the lower back after deep back bending and providing a re-set for the nervous system between long-held yin postures.
And while Child's pose may be child's play, the seemingly simple nature of the asana may mask its many benefits and the ability to use the posture for more than a flop and drop.
There are few other postures that offer an opportunity for breath awareness like Child's pose.
When we lie in Child's pose, the abdomen is constricted against the thighs, which constrains our full-frontal chest breathing (the normal way we breathe). So the belly can only expand so far with the inhale breath, and if we want to inhale deeply we have to breathe around the ribs and into the back of the lungs.
While it may feel uncomfortable, being forced to breathe slower and longer is good for you – helping to slow down the heart rate, which in turn helps slow down breathing. Focus on the lower back gently rising (inhale) and falling (exhale) and ideally adopt the Ujjayi breath.
Feel the breath as it travels over the back of the throat on the inhale and exhale and create a rasping, oceanic sound so that the breath becomes a gentle wave.
If you are feeling distracted in class or lacking in focus, Child's pose will certainly help you get back 'in the zone'. I can't help but close my eyes in the posture, and I often use it as a chance to massage my third-eye (the space between the eyebrows) into the mat.
This stimulates our seat of intuition and divine wisdom, massaging into the pituitary gland and stimulating right back into the pineal gland, helping with hormone regulation.
Essentially, it feels like you can go deep inside yourself in Child's pose, and if you adopt the classical version, with hands loosely by your side, palms facing upwards beside your feet, you will get a real sense of being in utero – cocooned within the womb like an unborn baby.
That sense of safety and deep nurturing can be very healing if you allow yourself to sink softly into it. As an unborn baby you had nothing to do and nowhere to be – the idea of rekindling that feeling in our busy lives sure sounds good.
Beginners can also use Balasana to get a taste of a deep forward bend and it's possible to be quite active in a Child's pose.
Pressure into the palms will soften the shoulders, while working (or melting) the sit bones back to the heels through breath control and the slow opening up and stretching of the sacral and lumbar spine.
If you open your knees apart (wide-leg Child's pose), the belly and chest will freely sink to the mat and the hips can stretch and open.
Child's pose is the perfect posture for learning the art of softening. Softening is different to resting. If you have an attitude of 'go hard' in other postures and use the Child's pose simply to switch off, you may miss the subtleties of softening into every posture.
You can deepen into every posture, even a Warrior pose, simply by taking a softer, gentler attitude.
Try thinking of Child's pose as a resting posture but not just a rest. Instead, you softly open up the lower spine and hips and stretch the shoulders by being active, not passive. The active part is your focused attention, breath and surrender into the depths of the posture. This is different from both the action of pushing/striving and the inaction of flopping.
With the time you take to relax in Child's pose, you can inch your fingers forward until your forearms lift off the mat. You can spread the fingers and press the palms more firmly into the mat and so send your weight back over your heels as you work your shoulders away and down, surrendering the armpits and chest closer to the mat.
All postures offer the opportunity for subtle, incremental changes to achieve better alignment and more depth, but few offer the chance to so easily and steadily work towards fullest expression like Child's pose.
Child's pose is also the perfect posture for sighing – let it all go – it feels so good. Aaaahhh.


text:
package com.google.zxing.oned;

import com.google.zxing.BarcodeFormat;
import com.google.zxing.FormatException;
import com.google.zxing.common.BitMatrix;

import java.util.Collection;
import java.util.Collections;

/**
 * This object renders an EAN13 code as a {@link BitMatrix}.
 *
 * @author aripollak@gmail.com (Ari Pollak)
 */
public final class EAN13Writer extends UPCEANWriter {

  private static final int CODE_WIDTH = 3 + // start guard
      (7 * 6) + // left bars
      5 + // middle guard
      (7 * 6) + // right bars
      3; // end guard

  @Override
  protected Collection<BarcodeFormat> getSupportedWriteFormats() {
    return Collections.singleton(BarcodeFormat.EAN_13);
  }

  @Override
  public boolean[] encode(String contents) {
    int length = contents.length();
    switch (length) {
      case 12:
        // No check digit present, calculate it and add it
        int check;
        try {
          check = UPCEANReader.getStandardUPCEANChecksum(contents);
        } catch (FormatException fe) {
          throw new IllegalArgumentException(fe);
        }
        contents += check;
        break;
      case 13:
        try {
          if (!UPCEANReader.checkStandardUPCEANChecksum(contents)) {
            throw new IllegalArgumentException("Contents do not pass checksum");
          }
        } catch (FormatException ignored) {
          throw new IllegalArgumentException("Illegal contents");
        }
        break;
      default:
        throw new IllegalArgumentException(
            "Requested contents should be 12 or 13 digits long, but got " + length);
    }

    checkNumeric(contents);

    int firstDigit = Character.digit(contents.charAt(0), 10);
    int parities = EAN13Reader.FIRST_DIGIT_ENCODINGS[firstDigit];
    boolean[] result = new boolean[CODE_WIDTH];
    int pos = 0;

    pos += appendPattern(result, pos, UPCEANReader.START_END_PATTERN, true);

    // See EAN13Reader for a description of how the first digit & left bars are encoded
    for (int i = 1; i <= 6; i++) {
      int digit = Character.digit(contents.charAt(i), 10);
      if ((parities >> (6 - i) & 1) == 1) {
        digit += 10;
      }
      pos += appendPattern(result, pos, UPCEANReader.L_AND_G_PATTERNS[digit], false);
    }

    pos += appendPattern(result, pos, UPCEANReader.MIDDLE_PATTERN, false);

    for (int i = 7; i <= 12; i++) {
      int digit = Character.digit(contents.charAt(i), 10);
      pos += appendPattern(result, pos, UPCEANReader.L_PATTERNS[digit], true);
    }
    appendPattern(result, pos, UPCEANReader.START_END_PATTERN, true);

    return result;
  }

}

redpajama_set_name: RedPajamaGithub


On January 18, 2014, PRISM conducted an overnight paranormal of Doodles Grill in Glenwood, Iowa. Doodles Grill is a restaurant that is almost 150 years old. The new owners reported quite a bit of paranormal activity and asked PRISM to conduct an investigatation.
This video shows PRISM's findings during their overnight investigation at Doodles Grill in Glenwood, Iowa on January 18, 2014.


text:
QR codes can now be read through the Opera Mini for iOS
07/01/2014 06/28/2014 Jesse Collins
The mobile app has experienced a number of updates including new themes, a redesign and a great deal more.
The popular Opera Mini app, which is the iPhone version of the desktop web browser, has now undergone its version 8 update, which includes a broad range of changes, including a feature that allows QR codes to be scanned.
The app features an entirely redesigned UI that allows it to fit much more smoothly into iOS 7.
Beyond the new UI, it also provides an enhanced option that will give usrs better power saving and compression modes, as well as data saving. Working the scanning of QR codes directly into the browser also allows the user to be able to enjoy this feature without a separate scanning app, and allows the quick response codes to be read without having to open two applications at once.
This could help to make QR codes more convenient to read, which is important as they are virtually everywhere, these days.
The compression option allows web traffic to be reduced by up to 90 percent, which can lead to considerable data savings. Within areas of poor coverage or where it is difficult to maintain a network connection, using Opera Mini could potentially bring iPhone users money and time savings.
The new Opera Turbo mode doesn't offer as much data savings as Opera Mini, but it provides improved compatibility with websites, overall. This makes the option the ideal one for the majority of users in most circumstances.
The data savings off is through an option that is straight to the source with no compression whatsoever. While that does not provide time and money saving potential, it does ensure the greatest chance for compatibility with the most websites.
A new customizable Speed Dial page has been added to the updated Opera Mini app, in addition to a new Discover tab that provides the user with new content from the sources that they love the most. A new tab gallery has been built into this mobile browser application.
One of the most interesting additions is the ability to scan QR codes as well as to share URLs through the generation of barcodes, making it easier to switch from among various search sources and to be able to transfer search results to other devices or to other people on their devices.
Featured News, QR Codesmobile browser, opera compression, opera mini, opera qr code, opera speed dial, opera turbo, qr code scanner, qr codes, qrcode, quick response codes
Google continues to rock the mobile technology world with update to Android OS
Wearable technology hits the Toronto Men's Fashion Week runways


text:
Jamie Lee Curtis Reveals Her Younger Child Is Transgender
Tinseltown/Shutterstock
The actress spoke about how her daughter's coming out as trans has helped her evolve past "old ideas" of gender.
By Rachel Shatto
July 29 2021 10:50 AM EDT
Hollywood royalty Jamie Lee Curtis has spoken for the first time about her youngest child, Ruby, being transgender (with her permission), and how Ruby's transition changed the way she understands gender.
In an interview with AARP Magazine, the Halloween actor shared that she and her husband Christopher Guest "have watched in wonder and pride as our son became our daughter Ruby," and that she was able to toss out that "old idea" that gender is fixed.
Curtis also shared that there are wedding bells on the horizon for her daughter. "She and her fiancé will get married next year at a wedding that I will officiate," Curtis told AARP.
The 25-year-old Ruby is a computer gaming editor, and Curtis's eldest daughter, 34-year-old Annie, is a married dance instructor. While Curtis doesn't have grandchildren yet, she told the publication that she hopes that she will in the future.
Tags: Arts & Entertainment, Transgender, Family


More than ten years, we're managing a online shop. Our users are more than tens of thousands of.
We have received a lot of orders from the customer.
We sell official products only.
Our store products is ordering to genuine product manufacturer.
We are waiting for the customers order.
・A customer orders at our store.
・ The weight of the goods is calculated by our shop and shipping charge is calculated.
・ We inform a customer of shipping charge and merchandise charge.
※Please be sure to confirm the Email on which the shipping charge send from our shop was indicated.
・ Please be sure to answer us whether shipping charge and delivery method are OK by the contents of mentioning.
・ After shipment completion, We inform of the baggage number by E-mail.
* We have to get the answer OK about shipping charge from a customer, it can't be shipped.
After taking an order, a mail about shipping charge is sent in several days, please be sure to confirm the Email. Thank you.
We accept the payment method below.
A customer inputs a credit card in case of purchase.
Please don't make a mistake in the expiration date and the card number in case of input.
Please be careful about lack of the balance.
*It increases in the unjust credit card an overseas customer uses in Japan recently.
The Japanese police is being also watched.
Whether it's customer's credit card in case of an expensive order will sometimes confirm the method of payment.
After receiving the order confirmation Email, please transfer your payment to the bank account specified in the Email.
*If payment by bank transfer is not confirmed within the date indicated in the Email, your order will be automatically cancelled.
This service is available to Japan delivery destination only.
When it's for in Japan, shipping charge becomes inexpensive.
When you'd like to use it, please covenant with a forwarding company.
The baggage is delivered to your country together from a forwarding company.
Delivery method and the contractual courage are different depending on a forwarding company.
Cannot use a paypal in our shop. Sorry for any inconvenience and thank you for your understanding.
This delivery method is being used at our shop.
Delivery method changes by the size of the order goods, the weight and a delivery country.
The number of days which arrives in your country changes by delivery method.
We question which you'd like for delivery method from our shop certainly by Email, so can We have an answer?
Please be sure to check an Email from our shop.
In case of an expensive order, shipping charge sometimes becomes only a little inexpensive.
You are responsible for customs charges, taxes or fees.
Please pay directly to the delivery company.
Moreover, it depends on each country about policies of tax and customs charges.


text:
IBC's Accelerator Programme 2020 ignites 'Broadcaster firsts' for 5G and remote production
Via IBC
London – A team of ten world-leading broadcasters, collaborating as part of IBC's Accelerator Innovation Programme, today revealed plans for a 'proof of concept' demonstration of a series of 5G-enabled remote broadcast production use cases, live from Amsterdam on Thursday, September 10th, 16.00pm BST/ 17.00pm CET.
The project team, comprising of ten broadcasting 'Champions' led by the BBC, together with Al Jazeera Media Network, BT Sport, EBU, ITV, Olympic Broadcasting Service, SVT, TV2, ViacomCBS Networks International (VCNI) and Yle, will explain and discuss the bespoke workflows and architectures of the proof of concept on a live panel, as part of the inaugural IBC Showcase. This will be followed by a demonstration of a live, multi-camera, multi-location production from Amsterdam. Project technology will be powered by six leading media and technology ecosystem vendor participants; AVIWEST, LiveU, Sony, Huawei, Mobile Viewpoint and NewTek. The project team has also had the benefit of additional support and technology expertise from the University of Strathclyde.
Speaking on the first IBC Showcase live session today, project lead Ian Wagdin, Senior Technology Transfer Manager at BBC R&D said: "Our challenge earlier this year was to explore and understand the 'art of the possible' in terms of a 5G-powered broadcast system, based on current and future use cases and a series of production scenarios in the field. With the IBC Show not happening this year, we seized on the creative opportunity to put those learnings into action by designing and configuring a live, multi-camera production as a demonstrator from three locations, that will bring a flavour of a much-missed Amsterdam to IBC's audience."
In several 'media-firsts' sessions for broadcasters, the team will explain the technology workflows behind OB use cases. The connectivity of these sessions will be provided via Vodafone's public mobile network in Amsterdam. A wide range of state-of-the-art cameras, device gateways, cloud production tools, software defined live production systems and live streaming hub technologies will be connected via the network. An additional, a 5G live link into the transmission from London will contributed via 5G devices on the EE mobile network in the UK.
Separately, the project team has been exploring architectures based on the use of non-public or private 5G networks to enable additional bandwidth for other specific connected-camera and production use cases. The experimental production will also utilise remote controlled, AI enabled cameras, a 5G enabled video transmission from a drone and remote 5G controlled lighting, among other innovative vendor solutions.
The IBC Showcase live transmission on September 10, will include a panel discussion of the use cases, technology and workflows from London. Links will include a live 5G-enabled entertainment shoot controlled by AI cameras from a boat on an iconic canal in Amsterdam. Links between the boat and shore will include a view of technologies and equipment configurations behind the scenes, plus a live link to a discussion at the RAI convention centre, where the IBC Show would have taken place this week. The production will fully adhere to Dutch Government and Broadcast Industry Covid-19 business and production guidelines, with production teams widely distributed, and minimum staff on location in Amsterdam.
Entertainment on the boat will also culminate in MTV's first-ever live 5G enabled remote production, produced by VCNI and Viacom Digital Studios International (VDSI). The live "MTV Push" special with MTV EMA Award-winning artist Emma Heester, with presenter, located on shore, will use the latest technology to create and broadcast content direct to fans.
"The IBC Accelerator programme is a framework to support industry collaboration and innovation," said Mark Smith, leading the programme at IBC. "While the global pandemic stalled much of our planned lab testing and in-field experiments earlier in 2020, the team behind this unique collaboration of world leading broadcasting Champions were determined to put their learnings into practice, against a backdrop of their organisations accelerating strategies to decentralise production and remote production capabilities."
To watch the live demo session (5G Remote Production Session, Part 2) at 16.00pm-17.30pm (BST) on Thursday 10th September, register at IBC's Showcase Platform www.ibc.org/ibcshowcase
Some 62 organisations have participated in eight IBC Accelerator innovation projects during 2020, addressing challenges in areas such as 5G, AI, CG / XR Animation and VFX and IP transformation.
EE,
Media & Entertainment,
This content extract was originally sourced from an external website (IBC) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices


Any kind of citation that you receive while on the road will have consequences in the short and long term. However, you always have the option to combat these charges with the help of a ticket attorney. Speeding tickets can cost you hundreds of dollars, also resulting in points on your license. A reputable and experienced ticket attorney can help you avoid these difficulties and get back to life on the road as usual. Finding a lawyer in CT is very easy, for those who are interested. All that's needed is a few minutes of your time to browse the Internet for attorneys and reviews of their services.