'Lili Smart' tracks banking movements, categorising them instantaneously to ease small business accounting.
R3 is an enterprise software firm working with a network of over 300 financial institutions, regulators, trade associations, professional services...
Despite bringing invaluable global talent to the US, international students face a critical hurdle to higher education - student loans.
The ability to bolster human knowledge in a short amount of time is a tantalizing prospect for the application of artificial intelligence.
With improved labor market data and a better than expected third quarter GDP report on Friday, the Federal Reserve is expected to outline plans for a December rate hike at its November Federal Open Market Committee Meeting (FOMC) this week; economists are expecting verbiage similar to that used last October before the Fed's last rate increase, indicating the economy was on target to meet the FOMC's objectives. Source
Student loan marketplace lender, Earnest, has completed its fourth securitization; Goldman Sachs and Barclays were the lead arrangers; portfolio valued at $174.44 million; the October securitization is the fourth for the year with previous securitization deals in February, May and July. Source
The Federal Open Market Committee (FOMC) ended its two-day policy meeting on Wednesday and released an afternoon announcement reporting no change to the central bank borrowing rate which will remain at 0.25% to 0.50%; as expected the FOMC's statement did indicate that a rate hike in December was likely with new language saying the 2% inflation objective is near and that the Fed only needs "some further evidence" of economic progress for a rate increase; globally the US is one of few central banks tightening monetary policy; many are easing with negative rates; Japan's central bank borrowing rate is -0.10% and the ECB central bank borrowing rate is at 0% for the Eurozone; the Bank of England will be meeting on Thursday and is expected to keep its rate unchanged with further easing in 2017. Source
Automation can be a key factor in scale-up success. From start-up to unicorn, investing early makes the difference.
The financial markets were slightly surprised by the presidential outcome with Dow futures down approximately 250 points on Wednesday morning; uncertainty over some big changes specifically in financial services from Donald Trump will be a factor for markets and the industry going forward; in financial services Trump looks to deregulate the industry easing many of the controls implemented by Dodd-Frank; another factor for fintech will be Trump's position on net neutrality which could limit open source internet development; overall, speculators see increased volatility and uncertainty for the near-term. Source
TransUnion added lending decision firms to its Strategic Alliance Distribution Partner Program, like the fintech Provenir and GDS Link.