The Daily Dig for Tuesday, April 19

Big banks won’t join fintech boom – a view from the UK

There are too many roadblocks preventing big banks from harvesting the fruit of the fintech boom, writes Matthew Lynn.

The bad side of high returns – Harmoney has lenders pay for fraudulent loans

The New Zealand marketplace lender said investors have been making double digit returns and with that come risks such as fraudulent loans, which they are on the hook for, writes Tom Pullar-Strecker.

Singapore’s largest bank signs agreement with P2Ps

DBS will refer some small business customers it cannot fund to MoolahSense and Funding Societies. Learn more here.

Regtech on the rise

Increased regulatory attention has spawned a new strain of fintechs, one dealing with compliance. Learn more about regtech here.

 

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