Loans

First Women’s Bank launches in US with focus on fixing gender lending gap

A new commercial bank in the US is aiming to be the first and only women-led and women-focused lender operating in the country. First Women’s Bank CEO, Marianne Markowitz First Women’s Bank, founded in 2019 and headquartered in Chicago, opened its first branch last month after gaining final approval from the Federal Deposit Insurance Corporation (FDIC) in July. It is the first new bank to be chartered in Illinois since 2010 and raised an initial $30 million through a group of 200 investors, including Tennis star Billie Jean King. The

Cross River Bank to power Openpay’s US expansion

‘Buy now, Pay smarter.’ company Openpay, and its subsidiary Opy USA, Inc., have strategically partnered with Cross River Bank, a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, to offer Opy’s differentiated next-generation “Buy Now, Pay Smarter” products for consumer banking loans.While many traditional Buy Now Pay Later programs cater primarily to small, retail purchases, Opy’s Buy Now, Pay Smarter services are aimed at a broad swath of consumers to help them afford and pay for crucial life needs with transparency and confidence. As Opy advances

How to value the stocks of digital banks: J.P. Morgan

The addition of digital banks, finance-embedded internet companies, and other challengers to incumbent banks creates a puzzle for stock analysts: how to figure out what these companies are worth. Most of these new entities are not publicly listed, although that is changing, with upcoming IPOs from the likes of Kakao Bank, Paytm, Bukalapak, and Grab’s SPAC acquisition – not to mention the possibility of a restructured Ant Group. Public or private, these challengers are all getting bank licenses, which means they need to be weighed by anyone researching financial institutions

The U.S. Legal Jobs Market Shows no Signs of Slowing Down as Number of…

Leopard Solutions has seen an increase in job postings each month since October 2020. “There’s a huge demand for law firm associates and for recruiters to find them. In order for law firms to win the race for associates, they need to not only be creative in not only recruiting but also in their retention strategies.” NEW YORK (PRWEB) July 26, 2021 Leopard Solutions has been tracking and analyzing the skyrocketing demand for lawyers across the United States as the industry recovers from COVID-19. Our jobs database currently shows a

Katal Chain: A Template for Blockchain-Based Finance

Blockchain technology is believed by many to reshape the way we perform real-life transactions. However, the difficulty in learning the ins and out of cryptocurrency space, as well as knowing the complex codes used in these systems remain a barrier to entry. Katal Chain was developed to address this specific issue. Katal Chain was designed to make it easy for anyone to automate their business and financial transactions through a blockchain, leveraging its decentralized nature and security. Through Katal Chain, the task of creating decentralized financial applications can be easier,

Can DeFi Survive Without CeFi? Bitrue’s Hybrid Solution Might Be The Middleground

Decentralized finance has been crypto’s defining motif this year, thanks in no small part to the ascendance of token mining solutions popularly known as yield farming. However, despite billions of dollars of crypto assets being locked into DeFi protocols, it has still to be determined whether decentralized finance can realize the lofty goals that inspired its creation, like banking the unbanked and providing greater financial inclusion. What’s beyond dispute is that the legacy financial system crippled by excessive regulations and distorted by extremely loose central banks’ monetary policies is badly

A Guide to Persistence Protocol $XPRT

The missing link between decentralized finance (DeFi) and centralized finance (CeFi) is that the former interacts only with cryptocurrencies such as Tether (USDT) and Bitcoin (BTC). In contrast, conventional finance mostly deals with fiat. Although it’s easy to convert fiat to crypto, using real-world assets as collateral on DeFi platforms is not. What if there was a way to use real-world assets as collateral on these platforms? This is what the Persistence Protocol is trying to achieve. This platform allows the use of tangible assets to access loans and returns