The LendIt Rewind podcast has audio of all the sessions from LendIt Fintech USA 2018 conveniently published in a podcast...
New York State Senators held a roundtable last week for NY based blockchain companies to give their opinions on the BitLicense; the BitLicense is seen as being too restrictive, especially for startups, and the listening session was meant to get industry points of view before making reforms; one of the biggest complaints is the current regulations are too one size fits all; it is a good sign to see legislators engage the community but NY’s Department of Financial Services was not invited and so there is skepticism that any change will actually occur. Source.
I’m worried that the older I get, the more cynical I get. I watch developments of governments, regulators, banks and business, and keep thinking: these guys are corrupt. But corruption is part of our DNA it seems. It’s purely a matter of transparency that will change this. Then I think …
- UAE Exchange Partners with Ripple
- Robo advice app Stash raises $37.5m Series D, releases investing for kids
- Student lending platform on review for ratings boost (CommonBond)
- Dwolla Lands $12 Million
- CreditEase’s Fintech Investment Fund Invests in Automotive Fintech Company Fair
- Sequoia China leads $40M DataVisor Series C
- MoneyLion Reaches 2 Million Customer Milestone As Growth Accelerates
- Borrowell Gives Birth To New TV Campaign (Vide0)
Last month was officially Financial Literacy Month; Peter Renton, Co-Founder of LendIt Fintech reflects on a recent piece by Jennifer...
According to a study by Banking on Climate Chaos, the world’s 60 largest commercial and investment banks lent a total of $3.8 trillion in fossil fuels from 2016 – 2020. JPMorgan Chase headed the charts as the world’s top banker of fossil fuels, lending $317 billion in the five-year period.
In episode 195 of the Lend Academy Podcast the CEO and Co-Founder of LendStreet talks financial health via a new...
As the global leader in cognitive solutions, IBM's Watson is one of the top artificial intelligence offerings for financial services companies; Brian Walter is IBM's Global Leader of Watson Client Insights and Cognitive Experience for the company's Watson Financial Services Solutions group; Brian Walter gave a keynote speech on Tuesday at LendIt USA and also talked with Forbes about how artificial intelligence is changing the financial world; in his interview with Forbes he discusses the use of cognitive solutions for financial services compliance, customer service and customer acquisition; also talks about IBM's cognitive solutions for supporting banks, fintechs and developers. Source
Chatbots are a great tool for banks to appeal to tech-savvy customers at a lower cost compared to a standalone app; according to Business Insider, DBS uses Kaisto’s Kai which allows customers to use Facebook Messenger to process transactions; Swedbank is currently using Nuance’s NINA to better serve customer inquiries; article shares other companies using chatbots and why this is a segment positioned for continued growth. Source
The gender gap negatively impacts women's salaries, but they can find an extra income source through investing.