According to a new survey from CNBC and SurveyMonkey only 13 percent of small businesses were approved for loans through...
It is a great irony that the fate of the U.S. economy is now interwoven with that of an industry...
La plataforma mexicana espera completar cinco millones de clientes globales y posteriormente lanzar su servicio de remesas en el país...
Lend Academy discusses the changes to the home equity line of credit tax interest deduction with the new tax law and how it may affect unsecured lenders. Source
Mexican FinTech Stori closed a $125 million oversubscribed Series C equity funding round, paired with a debt raise to fund Stori’s credit card portfolio.
A detailed study by the Asian Development Bank found that an increase in the fintech development level has a significant association with decrease in crime because fintech reduces cash holdings (and, rather interestingly, providing more job opportunities).
In an interview with CNBC last week, former PayPal COO and serial entrepreneur David Sacks talks about how cryptocurrencies are fulfilling the original PayPal vision; he explains: "A payment is just a credit to one account and a debit to another. That's a database entry. We believed that, if we could get enough people to participate, money would never need to leave the system. PayPal could become the database of money."; he talks about blockchain technology helping to build web 3.0 and a new wave of innovation; the interview also touched on how the current environment shows some of the same signs of the dot com era, the two ways digital assets are a threat to traditional venture capital and some of the biggest challenges that lie ahead. Source
Personal finance company SoFi saw strong third quarter earnings, with its business segments — lending, financial services and technology platform — driving growth.
Goldman's play to manage Americans' primary transaction hub is one of the significant steps it has taken to compete directly with giants such as Wells Fargo.