A new study by J.D. Power shows only 4 percent of consumers switched banks accounts to a new institution last...
Consumers’ responses also showed that they had little idea about the duration for which non-bank finance applications access their data. While 21% believed that once submitted, their data remains always accessible, only 23% were aware that they must manually revoke their consent, or change banking...
According to a survey by Cornerstone Advisors 8.2 percent of respondents said they will open a checking account with Marcus...
According to research from the Center for Responsible Lending in 2019 American consumers spent $11.7 billion in overdraft fees; the...
The contact us form is a staple of most websites but buy now pay later startup Afterpay never thought it...
A new article from global payments processing company DECTA describes the vast opportunities available in contactless payments, along with some of the security challenges which must be addressed.
With the contactless limit being extended to £100, Barclaycard found contactless purchases grew by nearly 30% daily following the change.
Forbes discusses the potential for continued fintech growth worldwide; cites a report from G.P. Bullhound highlighting the fintech industry's resilience following a challenging 2016; success from Ant Financial's $4.5 billion funding round and the firm's industry valuation are increasing confidence; investors also have a positive outlook on fintech in the UK with significant capital funding for Funding Circle, iZettle, Atom Bank and Monzo already announced this year and three top fintech unicorns (Funding Circle, Paysafe and Transferwise) all located in the region; the G.P. Bullhound report provides numerous other statistics supporting global fintech growth in 2017 and beyond. Source
In PeerIQ’s Weekly Industry Update they cover job growth numbers, the Fed’s planned rate rises and more fintech related stories that ended 2017; OneMain Financial received backing from Apollo Global Management and Värde Partners; GreenSky and MoneyLion completed fundraising’s; new regulation news coming out of Indiana that would cap the personal loan interest rates. Source.
Tezos raised $232 million in their initial coin offering; according to sources there is a dispute happening behind the scenes between the two founders (Arthur and Kathleen Breitman) and the president of a Swiss foundation (Johann Gevers); the two founders helped create the foundation to handle the ICO and to develop the Tezos network; the Breitmans made accusations of self-dealing, self-promotion and conflicts of interest against Gevers in a letter to other members of the board; Gevers refutes the claims made by the couple. Source