Decentralized Finance Is Building A New Financial System | Investment

Andreas Milano

Decentralized finance, also known as DeFi, uses cryptocurrency and blockchain technology to manage financial transactions. DeFi aims to democratize finance by replacing legacy, centralized institutions with peer-to-peer relationships that can provide a full spectrum of financial services, from everyday banking, loans and mortgages, to complicated contractual relationships and asset trading.

Centralized Finance Today

Today, almost every aspect of banking, lending and trading is managed by centralized systems, operated by governing bodies and gatekeepers. Regular consumers need to deal with a raft of financial middlemen to get access to everything from auto loans and mortgages to trading stocks and bonds.

In

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2 Unstoppable Stocks to Own for 2021 and Beyond

Andreas Milano

The financial industry has seen rapid innovations in the past decade. The merger of finance and technology has caused an explosion of life-changing fintech companies. During this same time, we’ve seen the rise of digital currencies, aka cryptocurrencies, which continue to gain traction as more institutional firms accept the technology.

Innovations present great opportunities to investors, which is why investors are so interested in the fintech and cryptocurrency spaces. For me, two innovative, world-changing companies on my radar are Silvergate Capital (NYSE:SI) and Upstart Holdings (NASDAQ:UPST).

Silvergate Capital has been providing solutions to cryptocurrency investors since 2013, giving it

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Fintech Lenders Will Come Roaring Back As Economy Re-Opens

Andreas Milano
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After a rough three quarters for originations in 2020 due to the pandemic, and some resulting consolidation, the fintech lending industry began a broad comeback in the final quarter and could jump by 20% or more over the new few years.

In a report S&P Global Market Intelligence analyzed the performance of three key sectors of fintech lending: personal loans, small- and medium-sized business loans and student loans. Overall these companies saw origination volume dive by 36%.

“The COVID-19 pandemic has been the most significant shock to the nonbank digital lending

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CIMB Bank PH strengthens partnership with leading local e-wallet service to extend digital credit facilities to Filipinos

Andreas Milano

Bloomberg

How Masayoshi Son’s ‘Money Guy’ Lex Greensill Went From Hero to Zero

(Bloomberg) — In February 2020, SoftBank Group Corp.’s Masayoshi Son visited Indonesia, offering to invest billions of dollars toward the development of a new capital city. Lex Greensill, at the time a favorite of Son’s, was part of the entourage.SoftBank had invested $1.5 billion in Greensill’s eponymous finance company, but in a meeting with Indonesian president Joko Widodo, Son introduced Greensill as the “money guy,” according to local TV footage.One year later, the money guy has become a money pit. Greensill Capital collapsed in March in one

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Laurel Road launches digital bank for doctors

Andreas Milano


Laurel Road, a brand of KeyBank, unveiled today Laurel Road for Doctors, a digital bank tailored to physicians and dentists with products and services designed to provide the financial help and peace of mind they need through each career stage.

The goal of the new digital bank is to help ease the burden for doctors of paying down student debt, finding more balance between work and life, and planning for the future—many of whom have worked tirelessly through the COVID-19 pandemic.

With Laurel Road for Doctors, Laurel Road and KeyBank expand on its existing suite of tailored digital

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Yiren Digital Reports Fourth Quarter and Fiscal Year 2020 Financial Results

Andreas Milano

BEIJING, April 1, 2021 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital” or the “Company”), a leading comprehensive personal financial service platform in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2020.

On December 31, 2020, the Company entered into definitive agreements in relation to a business restructuring with CreditEase Holdings (Cayman) Limited (“CreditEase”), the controlling shareholder of the Company, to streamline the Company’s service lines and reposition the Company as a comprehensive personal financial service platform (the “Restructuring”). Upon the completion of the Restructuring,

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