Fintechs eye priority sector lending, gold loans after RBI crackdown on consumer loans
The diversification strategy may include products such as education loans, loans against property, SME/micro-SME loans, and other forms of secured lending.
Fintech News
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Silvergate Capital fully repays deposit liabilities
“Silvergate continues to focus on implementing the Bank Liquidation,” it said in a statement on Wednesday.
Binance CEO resignation shows crypto industry is maturing: Experts
Following Zhao’s news, pressure on major cryptocurrencies increased, resulting in the overall crypto market cap falling below $1.4 trillion on Wednesday. However, on Thursday’s trade, the crypto market cap bounced back and surged nearly 3% to $ 1.42 trillion.
Silvergate Capital fully repays deposit liabilities
“Silvergate continues to focus on implementing the Bank Liquidation,” it said in a statement on Wednesday.
Unicorn startups see 3.6L leave jobs, 3.7L join
There’s a lot of churn happening in the startup ecosystem. Data sourced from market research firm PrivateCircle Research showed that as many as 3.6 lakh employees across India’s 111 unicorn startups left their jobs during the September 2022-July 2023 period.
Genesis sues Gemini over $689 million in customer withdrawals
Genesis in the lawsuit said up to 230,000 users in the two companies’ “Earn” investing program withdrew more than half of billion dollars from the crypto lending platform in the 90 days before it filed for bankruptcy in January.
Celsius Network pivots to bitcoin mining after bankruptcy
Celsius declined to comment on Tuesday. The SEC did not immediately respond to a request for comment.
Who is Richard Teng, new Binance CEO
Richard Teng, a Singaporean businessman and former regulator, has been announced as the new CEO of Binance, the world’s largest cryptocurrency exchange. Teng brings extensive experience in the financial industry and the crypto space. He previously held senior positions at the Monetary Authority of Singapore and the Singapore Exchange. Teng later became the CEO of …
Fintech City project feasible? YEIDA set to conduct a survey
The first phase of the project will cover 100 acres and bring major finance-related companies working largely in one or more fintech areas of digital lending, payments, blockchain, insurance technology and digital wealth management under one roof.
Razorpay offers ‘returnship’ for women on career break
“To start with, we have opened this up for various roles in our engineering team. While training them on the job, during the course of this programme we help upskill them using learning and development programmes to bridge the gap in terms of what they missed out on,” Chitbhanu Nagri, Razorpay’s senior vice-president for people …
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