fintech digest
More Flexible Finance Options Needed for SMEs & More
Research Team
3 May 2024
Fintech lending strategies have been able to generate robust performance
Ron Barin, Global Head of Strategy at Fasanara Capital, opines on the emerging space of investment strategies centred around technology-enabled corporate receivables and consumer lending.
These strategies may include favourable attributes to provide investors with stable, reliable, low-risk returns as an uncorrelated, diversified, short-duration alternative to more risky and volatile traditional asset classes.
Walmart and Amazon expand private-label plays to compete in grocery
As Amazon looks to close the gap with Walmart in grocery, both retail giants are seeing the opportunity to win over shoppers with their private-label brands.
Walmart announced Tuesday (April 30) the launch of bettergoods, its largest private-brand food rollout in two decades, promising low-priced, “chef-inspired” items ranging from chicken wings to nut butter.
Urgent call for more accessible finance options with 34% of SMEs at risk of closure
More flexible finance options needed in the UK as 28% of SMEs are being turned down for funding. A survey of 500 SMEs by invoice finance company Novuna Business Cash Flow, highlights the critical need for more accessible and flexible financing options for small and medium-sized enterprises if they are to survive.
What is tokenization?
Events of the past few years have made it clear: we’re hurtling toward the next era of the internet with ever-increasing speed. Several new developments are leading the charge. Generative AI (gen AI) is one; barely a week goes by without an important new breakthrough. Web3 is said to offer the potential of a new, decentralized internet, controlled by participants via blockchains rather than a handful of corporations.
Binance founder sentenced to 4 months in prison after plea deal
Binance’s billionaire founder Changpeng Zhao was sentenced to four months in prison on Tuesday, after pleading guilty to charges of enabling money laundering at his crypto exchange.
“You had the wherewithal, the finance capabilities, and the people power to make sure that every single regulation had to be complied with, and so you failed at that opportunity,” U.S. District Judge Richard Jones said to Zhao in a Seattle federal court, according to a Reuters report.