Sharestates, a marketplace lending platform that connects real estate developers with investors, was crowned Top Real Estate Platform at LendIt Fintech USA 2019 in San Francisco, California on April 9, 2019. The Top Real Estate Platform award is based on performance, volume, growth, product diversity, and responsiveness to stakeholders. Over the past five years, Sharestates has become a leading real estate platform by focusing on clients and investing heavily in the platform and its employees to streamline the borrowing and investing experience.
“Sharestates has shown impressive growth over the past year while also providing great returns for investors. They deserve the LendIt Fintech Real Estate Platform of the Year for 2019,” said Peter Renton, Co-Founder & Co-Chairman, LendIt Fintech.
“To think only five years ago we walked into LendIt not knowing what to expect as part of an industry that was beginning to find its way into the financial marketplace as Private Lenders, and today we are acknowledged by our peers as a leader in the space,” explains Co-Founder and CEO, Allen Shayanfekr. “It’s humbling, and we look forward to continued success through strategic partnerships as well as being part of a monumental financial movement. On behalf of our organization, I’d like to thank LendIt Fintech for such an honorable award. We are very excited about the coming year, and our product rollouts. The community spoke, we listened, and we’re ready to execute!”
As Sharestates continues to grow they’ve expanded their offerings to meet the needs of the evolving practices of their professional community. Now operating in 46 states, Sharestates offers diversified asset classes including residential, multi-family, mixed-use, commercial properties, and land acquisitions. Loan types include short-term, long-term, and non-performing loans across different stages of development from ground-up construction to stabilized properties. Sharestates focuses on debt offerings, but also offers equity investments through the Syndicate Profile platform, and every project is carefully underwritten with a proprietary 34-point risk assessment scoring matrix.
Since launching in 2015, Sharestates has closed on over $1.7 billion in total loan volume and returned over $675 millionin principal to investors. Average annualized returns have exceeded 10% every year. As a result of its strong performance and valued relationships, 82% of Sharestates loan volume has come from repeat borrowers and 81% of its investors are repeat investors.
Koinly Launches Cryptocurrency Tax Calculator for UK Traders
Koinly is a fast growing crypto tax startup that promises to help bitcoin investors prepare their crypto tax reports in a fast and efficient manner. By linking exchange accounts and public wallet addresses with Koinly, investors can get a detailed capital gains report within a matter of minutes.
“UK’s capital gains system is one of the most complex and with the thousands of transactions that crypto investors can quickly rake up – there is simply no way to manually do all the calculations. Our aim with Koinly is to make it easy for both crypto traders and accountants to generate their capital gains tax forms,” said Robin Singh, founder of Koinly.
Taxes are an integral part of any financial system and it is a good sign that tax authorities are coming out with clear guidance around cryptocurrencies instead of blanket banning them. However, added tax liabilities may become a deterrent to the mainstream adoption of Bitcoin so tax solutions such as Koinly are likely to play a crucial role in overcoming this.
The platform currently supports some 400 crypto exchanges and wallets as well as 6000 cryptocurrencies. It also comes with tax-planning features that can help investors preview and plan their trades in a tax-efficient manner. Some other features:
– Income reports for Mining, Staking and DeFi interest.
– Capital gains summary form that can be submitted to the HMRC
– Full support for crypto taxes in UK including Share Pooling
HMRC quietly preparing for a clampdown
In August of 2019, the HMRC requested information about cryptocurrency investors from various UK based exchanges such as eToro, CEX.io and Coinbase. This is clearly an attempt to locate investors that have avoided paying tax on their trades. A similar move was also made by the US tax authorities which led to the identification of some 10000 traders, all of whom received letters from the tax agency last year.
Broadridge Brings Together Wealth Business Under Michael Alexander
Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and part of the S&P 500® Index, today announced that Michael Alexander has been appointed President, Wealth Management. In this newly created position, he will be responsible for bringing together Broadridge’s Wealth solutions into an integrated, market-leading Wealth Management business that will uniquely address Wealth Management firms’ need to transform their technology and business models. Mr. Alexander will report directly to Tom Carey, President of Global Technology and Operations.
“Mike is a recognized leader in the financial services industry and has a passion for creating leading-edge, SaaS-based wealth management solutions,” said Mr. Carey. “Mike will drive Broadridge’s efforts to enhance the advisor and client experience through a single platform that will be a foundation for the industry.”
As President of Broadridge’s Wealth Management business, Mr. Alexander will take leadership of the Broadridge Wealth Platform, the next-generation open platform that is creating a modern, best-in-class industry-level wealth management technology solution. This platform, which is at the center of a recently announced sale to UBS, enables wealth managers to drive their business to the next level while mutualizing investments in technology, innovation and security. With the Broadridge Wealth Platform, firms will be able to deploy an integrated front-, middle-, and back-office solution that optimizes Financial Advisor productivity, creates a richer client experience and digitizes enterprise-wide operations. Broadridge Wealth Management also offers market-leading component solutions for Advisor Websites, Data Aggregation, Performance Reporting, Corporate Actions, and back- and middle-office Managed Services, among others.
Since joining Broadridge in 2006, Mr. Alexander has taken on roles of increasing responsibility in both technology platforms and managed services. In these roles, he has led numerous complex client engagements and successful acquisitions.
Prior to joining Broadridge, Mr. Alexander was Senior Vice President of Operations at Charles Schwab. He is a member of the SIFMA Operations and Technology Steering Committee.
SOURCE Broadridge Financial Solutions, Inc.
Bajaj Housing Finance Limited Bags the BFSI Digital Innovation Awards 2020 for Cloud Solutions
Bajaj Housing Finance Limited (BHFL), a 100% subsidiary of Bajaj Finance Limited, has won the ‘BFSI Digital Innovation Award’ for Cloud Solutions at the recently held Express BFSI Technology Conclave and Awards 2020.
Organised by the Express Computer, an IT business magazine from the Indian Express Group, the BFSI Technology Conclave and Awards, is one of the largest congregation of IT decision-makers, senior executives and partners in India. The event, held in Pune from January 24th-25th, 2020 witnessed the best from the BFSI sector participate as speakers and share their views on the way ahead for one of the biggest financial markets in the world.
The conclave ended with the BFSI Digital Innovation Awards which were given away to Indian Banks or Indian subsidiaries of MNC BFSI institutions in the BFSI industry that demonstrate the innovative use of a particular technology or a combination of technologies for distinct business benefit. There were 13 distinct categories – like Big Data, Enterprise Mobility, Data Center, Cloud, Artificial Intelligence, Enterprise Security, Blockchain and Enterprise Application among others.
The participants were judged on their effectiveness of deploying a completely new solution or innovative use of existing technology to gain a competitive edge, improve operations, become more responsive to customers and partners or, simply, to add to the top or bottom line.
Sharing his delight at the occasion of winning the award for excellence in Cloud, Atul Jain, Chief Executive Officer- Bajaj Housing Finance Limited said, “It is indeed a proud moment for all of us at BHFL and would like to congratulate the entire team for helping us achieve this prestigious recognition at the Express BFSI Digital Innovation Awards 2020. Since inception, our core mission has always revolved around providing the best experience for our customers through innovation and customer engagement.”
SOURCE Bajaj Housing Finance Limited
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