I can’t imagine the frustration of Robinhood users. One week ago the brokerage firm that pioneered no-fee stock trading encountered...
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Kabbage continues to look into how they can serve small businesses in new ways. We recently shared Kabbage’s announcement of...
I look at how the news about the spread of the coronovirus are cracking the global economic machine. Some may argue that the number of people effected is still low -- but that misses the entire point. The shock of a global pandemic has revealed weakness in the financial machine, sending the stock markets falling 10% year-to-date. Gross domestic product growth is expected to slow by billions of dollars, governments and central banks are unable to implement policy to compensate with rates at historic lows and borrowing at historic highs, public market valuations will tumble arithmetically, and private Fintech companies will lose a path to exit. At least that's what the conspiracy theorists want you to think!
[Editor’s Note: This is a guest post from Victor Santos, founder of Boston mobile banking startup Airfox. His company is...
In April 2018, LendingClub provided us with $5,000 to open a brand new account. Since then we have been chronicling the status...
The idea of Apple, Google, Amazon or Facebook getting into banking is not new. The possibility has been discussed for...
By now we have become almost numb to the giant rounds raised by the challenger banks in the UK. It...
I examine the unbelievable transformation and restructuring happening in high finance. Global bank HSBC is planning to lay off over 10% of staff, looking at reductions of 35,000. E*TRADE is being acquired by Morgan Stanley, integrating its 5,000,000 accounts and $360 billion of assets into the Wall Street investment firm. Legg Mason and its $800 billion of assets are being folded into Franklin Templeton for $4.5 billion, less than what Visa had paid for fintech data aggregator Plaid and half of what Robinhood is likely valued privately. How do we make sense of these developments? How do we appeal to the heart?
Yesterday LendingClub announced as part of their Q4 2019 earnings call that they are acquiring a bank, something no other...
It was only a month ago that we covered Yieldstreet’s partnership with Citi, allowing YieldStreet investors to have access to...