The Financial Stability Oversight Council's annual report includes a section discussing the risks of marketplace lending. Source
JoinedMay. 30, 2017
Articles5,320
Comments63
This piece was created by one of our content team members. Reach us at [email protected]
- Online lender Funding Circle inks partnership with Kansas bank
- Chinese social network’s stock jumps 47% after it says it’s raising money through cryptocurrency
- Stop Selling your Upside: How Blockchain Can Unlock Value in Real Estate Through Fractional Ownership
- Can blockchain technology revive peer-to-peer lending?
- Looking at 2018: A Discussion with Ron Suber
- MoneyLion raises $42M to grow its personal finance platform for the middle class
- FormFree's AccountChek Asset Report Meets Underwriting Guidelines for VA Loans
Cleaver stated, “If we fail to act on fintech, we are setting ourselves up for problems down the road. Not because the fintech folks are evil…but because we are behind the curve.”; Cleaver also discussed the importance of understanding what is going on in fintech so the proper safeguards can be put in place; he proposed that fintech companies should speak before the Financial Services Committee and that more meetings should be held. Source
The EU is working on a license for crowdfunding and p2p platforms to operate across multiple countries across Europe; the aim is to simplify the work required in each specific country to operate; AltFi shares perspectives from multiple platforms in Europe on the plans for a license. Source
GreenSky offers a unique type of point of sale financing and has just closed a $200 million round. Source
An article in Tearsheet discusses how VCs are more interested in funding companies looking to improving legacy financial systems; Patricia Kemp, partner at Oak HC/FT responded to a comment about the prospects of consumer facing fintech in 2018 stating, “The largest category of successful fintech are the ones that are helping the banks get there.”; while there are still opportunities for new consumer solutions, it is just as important to innovate on back-end systems. Source
- MoneyLion Secures $42 Million Investment to Accelerate Growth
- Business-Loan Growth Fell Off a Cliff in 2017 and No One Can Figure Out Why
- ‘We don’t need to stay in the student market’: How BankMobile wants to grow its offering and replicate its model
- A Fight Over the Credit Score Lenders Use for Your Mortgage
- How banks use behavioral economics to win over customers
- Envestnet Finalizes Acquisition of FolioDynamix for $195 Million
- Prosper Marketplace Appoints Former Bank of America Executive Justine Metz Head of Marketing
- Tradeshift Partners with Infosys to Help Clients Digitize Supply Chain Management
- Commencement of Online Lending Service for Small Businesses That Leverages Accounting Big Data and AI Technology
- 95 Crypto Theses for 2018
- Merrill Lynch blocks bitcoin amid fear that the bubble could pop
It has been a long time since OnDeck and LendingClub went public in the US; the shares of both companies are down significantly since that time; now Funding Circle is planning to go public as late autumn, but what is the right valuation for the company? Financial Times reviews Funding Circle’s business and the importance of whether investors value it as a finance or software business. Source
Let’s Talk Payments shares several charts about the fintech ecosystem from 2017; includes the most funded fintech segments, the location of fintech startups around the globe, an analysis of the payments ecosystem and more. Source
Codispoti originally joined JP Morgan Chase to create a credit card that would appeal to millennials; this led to the launch of the Sapphire Reserve; now Codispoti is focused on overseeing JPMorgan’s branches and how they can better serve millennials, which make up 61% of their new customers; the current vision includes advice centers similar to Apple’s Genius Bar. Source