Kiffmeister’s Fintech Daily Digest (04/22/2020)

LendingClub slashes roughly 30% of workforce as Covid-19 dampens demand for loans
U.S. online lender Lending Club says it will lay off about 30% of its workforce with CEO, Scott Sanborn, saying that COVID-19 is having an “unprecedented effect” on consumers and small businesses, resulting in a reduction in demand for personal loans.

Tigo Tanzania simplifies mobile money services across the East Africa region
Tanzania’s leading digital lifestyle company, Tigo Tanzania (www.tigo.co.tz), launched a service that allows all Tigo Pesa customers to send and receive cash on their mobile money wallets from M-PESA in Kenya, MTN in Uganda and MTN and Airtel in Rwanda.

Toronto Centre virtual executive panel on COVID-19: Supervising the New Normal
At an April 17 Toronto Centre virtual executive panel on COVID-19 panellists discussed global stablecoin developments. The panel included the IMF’s Tobias Adrian and Aditya Narain, plus World Bank, FSB and BIS senior officials.

Posted from Diigo: https://www.diigo.com/user/kiffmeister/Fintech