Opportunity Fund is a nonprofit small business lender and Accion US Network leads a nationwide network of community lenders; together...
BNPL is expected to hit $680 billion in e-commerce transactions by 2025. 30 more stats cover consumer attitudes, demographic use and more.
A group of community banks and two major trade associations have formed a partnership with and invested in the fintech NYDIG to offer the service on the banks’ mobile apps by midyear. The banks say it will help them generate revenue and retain customers interested in cryptocurrency.
Financial institutions are frustrated with their technology providers’ speed to market and pace of new innovations. Is it warranted? Not necessarily, according to executives from FIS, Fiserv, and Jack Henry.
Continuing growth in the market cap of stablecoins shows increasing trust in the assets, but given recent events, could this be misplaced?
These are the top 5 UK financial institutions ranked by the mobile banking features consumers value most Celsius Network Completes...
SVB is riding the tech wave to record profits. Can it last? US Regulators Say They Want to Avoid ‘Hindering’...
Speaking at Money2020, Paulette Rowe, Facebook’s global head of payment and financial services partnerships stated, “We don’t believe we are...
Automotive parts manufacturer Wanxiang Group has been actively investing in China and is the country's largest blockchain investor; Wanxiang Group recently committed $30 million to a smart cities initiative and is now planning a blockchain accelerator 'Chainbase Accelerator' with four startups involved in the program; Chainbase Accelerator will focus on blockchain initiatives for next-generation energy delivery, digital currency and smart governance; Wanxiang has also reported that it will begin to reveal plans for its smart city which will result in an innovative global platform for businesses. Source
The report will be released on a quarterly basis going forward and will look to cover credit performance trends; highlights of the report include continued credit re-normalization across all major lending groups and consumer installment lenders are not anticipating an increase in loss rates; they also cover the shift in the competitive landscape where more banks are investing heavily in tech and that the US consumer is quite healthy right now. Source.