- AUTOGRAVITY EXPANDS VEHICLE FINANCING OPTIONS TO INTERNATIONAL STUDENTS THROUGH A NEW PARTNERSHIP WITH WESTBON
- FINITIVE LAUNCHES ALTERNATIVE LENDING INVESTMENT PLATFORM WITH $1.3 BILLION OF INITIAL TRANSACTION VOLUME
- Intrinio to Release API v2, Making Financial Data Even More Accessible
- NELNET EXPANDS LOAN SERVICING OFFERINGS TO MEET DEMANDS OF FINTECH LENDERS
- NSR Invest secures growth financing with FinSight Ventures
- Quovo Launches New Products to Improve Lending Value Chain at LendIt Fintech USA 2018
- TransUnion Boosts Entrepreneurial Innovation with new Startup Credit Kit
- Upgrade, Inc. Introduces Personal Credit Line
- Vizolution Launches North American Business at LendIt Fintech
- MoneyLion Announces the Big Alternative to the Big Bank
- LendingPoint To Accept Loan Payments and Disburse Loans via Debit Cards
- MedZERO Launches in Salt Lake City in Partnership with Asserta Health
According to a report in Bloomberg online small business lender Kabbage is getting set to acquire Orchard. The companies have not yet confirmed and the cost of a potential deal is also not known. Source.
Goldman Sachs has acquired personal finance app Clarity Money as it continues to build out their consumer focused brand. Adam Dell, founder of Clarity Money, will become a partner at Goldman as a result of the deal. Source.
Mastercard filed a patent with the U.S. Patent and Trademark Office to build a product meant to safeguard identity data. The product is a semi private blockchain used to receive and store identity data like address, tax ID number and more. Source.
Stash has partnered with Green Dot to help deliver debit cards with no overdraft fees and provide access to a network of free ATMs across the U.S. The app will also help improve customers financial lives and provide advice. Source.
Writing a guest post for FT Alphaville Victor Basta, managing director of boutique investment bank Magister Advisors, says 2018 will be a year of falling valuations. The drop could hurt aspiring companies looking to go public soon, though a correction in valuations could be a long term positive for the market. Source.
Regulators around the globe are trying to keep up with innovation happening in fintech, though the US is in danger of falling behind. Congress needs to move beyond fixing small pieces of legislation and find a better way to encourage innovation. Source.
Nuggets has been chosen by the UK government and the Mayor of London to embark on two trade missions to China this year. The missions are a way to build new business opportunities between Britain and China. Source.
This week’s PeerIQ Industry Update covers earnings reports from Citi, JPM and Wells Fargo, a review of Lendit Fintech USA 2018 and the latest version of the PeerIQ Valuation Report. Source.
A new report by CB Insights shows European banks are placing strategic bets across wealth management, lending, payments, regulatory technology and also blockchain. The data was compiled from from 2012 to Q2 2018. Source.