American Banker profiles Instant Financial which was founded in 2015; the company aims to shorten the time frame to when employees get paid; using the app employees can unlock portions of their paychecks which can provide an alternative to payday loans; they recently partnered with Sutton Bank in Ohio for their US expansion. Source
JoinedMay. 30, 2017
Articles5,321
Comments63
This piece was created by one of our content team members. Reach us at [email protected]
Crowdfund Insider sat down with Karen Mills at LendIt Europe 2017; Mills is a Senior Fellow at the Harvard Business School and was previously head of the US Small Business Administration; she believes we are between two phases in the market: the banks waking up and the platforms arriving, including Alibaba, Amazon, Square etc. Source
Bitcoin has increased over 550% this year and many firms are taking an increased interest in the cryptocurrency; CME Group launching futures contracts for bitcoin is just one example; the WSJ looks at what futures contracts for bitcoin will potentially mean for the market. Source
- Remitly Raises up to $115M in Series D Funding
- RateSetter changes approach to property loan defaults
- This UK fintech is taking on big banks with business loans — and one key EU law is driving it
- Orchard to Launch Online Lending Industry Page on the Bloomberg Terminal
- LendingTree Announces Top Customer-Rated Lenders by Loan Product for Q3 2017
Alexandra Villarreal O’Rourke from McGuireWoods discusses Project Catalyst and the no-action letter program from the CFPB in a Let’s Talk Payments interview; the first no-action letter was issued to Upstart, a consumer lender in the US. Source
The options for banks to compete in a changing financial services landscape are to either build, buy or partner; while we have seen a number of banks build their own technology or partner with fintechs, there has yet to be significant acquisitions in the market; an article in Tearsheet highlights how few purchases banks have made and how that compares to the amount of investments in fintech companies. Source
CME Group announced today that they plan to offer bitcoin futures by the end of the year which is a change from what they said just a month ago; others like Cboe Global Markets said earlier in the year it plans to do the same by early 2018; the move by exchanges will open up the bitcoin market to professional traders and institutional investors. Source
LendIt is returning to the west coast next year for LendIt USA 2018; it will take place on April 9-11 at the Moscone Center; this year we are focusing on three core areas: lending, digital banking and blockchain; new for 2018 is the BlockFin Summit which will take place in a dedicated space within LendIt; it will cover a wide variety of topics including: enterprise blockchain using digital ledger technology, global finance built on AI and blockchain, tokenized VC and investment banking, blockchain infrastructure for markets, trading, and back office, decentralized banking and insurance, and crypto-economics; early bird pricing ends this Friday, November 3.
- Fitch Upgrades Select Ratings, Outlook on Prosper Marketplace ABS
- Mass-affluent investor platform launches
- Elevate Credit Third Quarter 2017 Earnings Release Available on Its Investor Relations Website
- P2P fund a ‘Buy’, says analyst
- After losing Wealthfront, robo custodian grabs $750M TAMP
- Chinese lending platform PPDAI Group sets terms for $298 million IPO
Lend Academy interviews the CEO of BBVA’s new SME online lending initiative called Trustu; Vinacua discusses their innovation centers, how they interact with startups, why they decided to launch a platform, the social underwriting component of the underwriting and more. Source