Day: June 9, 2020

Fintech lending industry to hit $291bn in 2020

Recent years have witnessed a surge in the number of fintech loans as an appealing alternative to traditional banking services.

Although the coronavirus outbreak has affected the fintech lending industry, the unified market is still expected to maintain steady growth.

According to data gathered by AksjeBloggen, the global fintech lending market is set to reach $291.4bn transaction value this year, growing by 9.1% year-on-year. The rising trend is forecast to continue in the following years, with the market reaching $396.8bn value by 2024.

Market Value Jumped 60% in Three Years

Fintech loans are offered through lending platforms, which removed the banks from the equation, connected lenders directly with borrowers, and brought many advantages for both sides. The sophisticated computer algorithms make lending decisions in minutes instead of days, and borrowers are offered at lower rates. At the same time, compared to traditional banking services, fintech lending brought higher return

Read More

Pubs call for clarity over plans to reopen English beer gardens

Pubs have urged the government to clarify “half-baked” plans to reopen beer gardens, amid confusion over whether some will be permitted to serve drinks before the end of the month.

A group of cabinet ministers nicknamed the “Save Summer Six” are reportedly considering proposals to allow beer gardens in England to host drinkers from as early as 22 June as part of an effort to avert 3.5m job losses in the struggling hospitality sector.

But publicans, brewers and the pub industry trade body said many would struggle to be ready in under three weeks and called for certainty about the government’s timetable.

“We’ve always wanted to reopen our nation’s pubs safely and viably as soon as possible, but we urgently need a clear decision on whether we can reopen pub beer gardens early,” said Emma McClarkin, the chief executive of the British Beer & Pub Association (BBPA).

The trade body,

Read More

Fruhlinger to depart Thinknum for new job

Joshua Fruhlinger

Joshua Fruhlinger, the publisher at Thinknum Media, is leaving at the end of the week for a new job.

Thinknum is a data-focused media outlet.

“I’ve been given an exciting opportunity in content strategy, a practice I’ve bounced in and out of since 2004 (before my days even at Engadget),” he said in a message. “I can only say this: Soon you’ll probably be reading more of my writing than ever, but you won’t even know it.”

Fruhlinger has been writing about technology, lifestyle and business for over 20 years. He’s the former editorial direct for Engadget, and he wrote regularly for the Wall Street Journal.

In 2007 he founded and headed Aol Tech, which included Engadget, Joystiq, TechCrunch, and TUAW. Aol Tech quickly became a top-five ComScore brand in the technology news and information space.

Since then he headed TMZ’s digital division where he created 13

Read More