In light of the coronavirus crisis the consumer lender has opted to stop originating C, D and E grade loans;...
The Office of the Comptroller of the Currency (OCC), a national bank regulator, said yesterday that it encourages financial firms...
The Cambridge Centre for Alternative Finance, the World Bank and the World Economic Forum launched a new survey today to...
Recent data shows that 67% of millennials in the UK have used point of sale finance services with 42% being...
Businesses as well as those who represent lenders shared their thoughts on the government stimulus program to an oversight board...
Trading cryptocurrencies has shown itself to be quite a lucrative business, at the same time the exchanges where trading occurs underscores how risky trading might be; exchanges can lack basics controls on know your customer (KYC), fraud prevention and more; there have also been a number of significant thefts or hacks where millions were lost; while the risk is real it has now slowed the market's growth as total value of all digital currencies has soared to over $140bn. Source.
The fintech reported a loss of $748 million last year and last month announced that it was laying off around 10% of its workforce....
Before the age of fintech, teenagers would usually open bank accounts at the same bank their parents did. I remember at the age of 12 being thrilled at having my very own bank account that even paid interest. It was a coming of age that felt big to me.
The acting head of the OCC, Brian Brooks, has openly discussed his support for clarity on the ”true lender” rule;...
As consumers reel from yet another massive data hack, this time of Equifax, fintech leaders are looking to solve the problem to prevent future hacks from happening; Chris Skinner offers up a couple of solutions that corporates and financial services firms should implement; biometrics & touchID, though these are not hack proof, and blockchain technology; he points out the power and security of the blockchain in helping to keep personal data secure. Source.