Federico Baradello founded Finalis, the investment banking-as-a-service platform for dealmakers, after working in a sector he knew was long overdue for an upgrade.
Moody's has released a report commenting on the new FDIC guidelines for bank lending through third-party lenders; guidance from the FDIC is proposed and seeks to potentially improve controls on bank lending through marketplace loans; the new FDIC guidance will help to improve the overall quality of loans on marketplace lending platforms, according to Moody's; the new controls focus on greater analysis and oversight by banks of marketplace lenders' credit underwriting models to ensure that they align with the bank's lending terms. Source
The partnership with Sino Guarantee will provide lending capital of RMB 500 million to China Rapid Finance also helping the marketplace lender to develop and offer lending products on wealth management platforms; Bank of Shanghai will also provide capital support as well as payment channels and fund custody services. Source
Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little benefit.
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Regulators' seizure of the ailing First Republic comes as no surprise after a week of speculation. JP Morgan wins the bid to acquire.
The results of TransUnion’s new global credit study challenge industry perceptions and give direction to serving new-to-credit consumers.
Agora Data helps any size of auto dealer compete with the big corporations by providing affordable financing at more reasonable rates.
The Bank of England kept its central bank borrowing rate at 0.25% and decided to continue with its $86 billion asset purchase program; while no changes were made to monetary policy, the BOE changed its guidance; with an increased focus on inflation in the region, the BOE said it would be prepared to raise rates in order to keep inflation at its 2% target rate. Source
Finnovista is a leading market advocate for fintech in Latin America and Spain; looking ahead to 2017 the organization thinks fintech will be important in promoting financial inclusion specifically with 40% of the fintech services in Latin America focused on unbanked and underbanked consumers and businesses; Finnovista's Fermin Bueno says Latin America has the ecosystem, venture capital and government support for fintech growth and financial inclusion improvements; Bueno also predicts growth in fintech will increase competition for traditional providers with 30% of traditional industry income at risk from fintech companies. Source
Hiring competition has increased across sectors - A focus on financial wellness may equate to higher employee retention and motivation.