fintech digest
Credit Surge Reshaping Corporate Lending, Beneficial Rate Cuts for Lenders and More
Research Team
4 October 2024
Credit Surge Reshaping Corporate Lending Landscape
The marked rise of private credit in the United States has fundamentally altered the corporate lending ecosystem, challenging traditional banks and offering new opportunities for fintech players.
A recent Deloitte report highlights this seismic shift, revealing that nonbank lending to corporates has outpaced bank lending since 2002, with the gap widening significantly in recent years.
VCs Think Rate Cuts Could Help Lending Fintechs
Are recent rate cuts good news for venture capitalist (VC) firms in the FinTech space?
A report Sunday (Sept. 29) by TechCrunch says the answer is yes, particularly for those FinTechs that depend on loans to keep cash flowing.
Those FinTechs, the report said, include companies that provide fleet cards such as Ramp and Coast, earning money on transaction fees to merchants.
The Rise of Private Credit in the United Arab Emirates
As creditors continue to look across the global market for strategic opportunities, the United Arab Emirates (the "UAE") is primed to emerge as a relatively untapped well of potential for private credit providers.
We have seen an increased appetite for both international and regional private credit funds to engage, operate and (in certain circumstances) establish in the UAE and the Middle East. In this article, we provide a summary of certain key aspects of the UAE market that will be of interest to private credit providers looking towards the UAE.
Success of Tokenisation Will Depend on the Private Sector
Central banks can support innovation by providing a safe settlement asset
Antoine Martin, member of the governing board at Swiss National Bank, spoke with OMFIF about tokenisation for the Digital assets 2024 report. He explained that tokenised assets are still in a niche, but their growth relies on the private sector finding valuable use cases that drive adoption.
Tokenization Allows More Efficient Collateral Transfers, Digital Asset, Euroclear and World Gold Council Found in Pilot Project
Real-world asset tokenization company Digital Asset said Tuesday that it completed a pilot initiative to tokenize U.K. bonds (gilts), Eurobonds, and gold for financial transactions using the Canton Network protocol.
Major securities settlement provider Euroclear, the World Gold Council and global law firm Clifford Chance also participated in the process, alongside with other banks, investors, custodians and a central securities depository, the press release said.