EPISODE · Oct 2, 2022 · 4 MIN
Habito and Atom Bank withdraw UK mortgages; & more!
from Connecting the dots in FinTech... by Marcel van Oost · host Marcel van Oost
Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: This podcast episode is sponsored by PayRetailers, leading European paytech firm in Latin America, dedicated to creating a fast and simple payment process for merchants and shoppers. With a flexible and highly scalable proprietary technology architecture, we innovate rapidly in response to market demand for online businesses of all sizes. Visit www.payretailers.com Welcome to your daily FinTech news! In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here. NEWS HIGHLIGHT Habito and Atom Bank withdrew UK mortgages in the wake of Chancellor Kwasi Kwarteng’s mini-budget on Friday that triggered turmoil in the financial markets. They are not alone, with 40% of available UK mortgages withdrawn by lenders. Thousands of borrowers are searching for options to avoid property sales. Link here FINTECH NEWS #BreakingNews Eight US states file individual cease-and-desist orders against Nexo. Nexo Group is a crypto-lending platform. The filings state that the company offered investors interest-earning accounts without first registering them as securities. The orders prevent Nexo from offering this product to residents until it meets the necessary registration requirements. Link here #Insights The concept of BNPL in business-to-business. Traditional solutions like invoice factoring and discounting have been used to manage the issue by lending against receivables. Link here FinTech 2022 Trend Report. Vauban from Carta breaks down the most active investors for potential co-investors and strategy ideas, and segments with the most attention. Link here
What this episode covers
Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: This podcast episode is sponsored by PayRetailers, leading European paytech firm in Latin America, dedicated to creating a fast and simple payment process for merchants and shoppers. With a flexible and highly scalable proprietary technology architecture, we innovate rapidly in response to market demand for online businesses of all sizes. Visit www.payretailers.com Welcome to your daily FinTech news! In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here. NEWS HIGHLIGHT Habito and Atom Bank withdrew UK mortgages in the wake of Chancellor Kwasi Kwarteng’s mini-budget on Friday that triggered turmoil in the financial markets. They are not alone, with 40% of available UK mortgages withdrawn by lenders. Thousands of borrowers are searching for options to avoid property sales. Link here FINTECH NEWS #BreakingNews Eight US states file individual cease-and-desist orders against Nexo. Nexo Group is a crypto-lending platform. The filings state that the company offered investors interest-earning accounts without first registering them as securities. The orders prevent Nexo from offering this product to residents until it meets the necessary registration requirements. Link here #Insights The concept of BNPL in business-to-business. Traditional solutions like invoice factoring and discounting have been used to manage the issue by lending against receivables. Link here FinTech 2022 Trend Report. Vauban from Carta breaks down the most active investors for potential co-investors and strategy ideas, and segments with the most attention. Link here
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Habito and Atom Bank withdraw UK mortgages; & more!
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