The news marks the first time a major US bank has created a cryptocurrency; the bank plans to start trials...
Trade analytics tool provider Katana Labs is closing down. It started its life in 2017 as part of ING and was spun out into a standalone company in 2019.
Nubank, the largest neobank in Latin America, nearly doubled its revenue in the first quarter to $1.6 billion, up 87% year-over-year.
Fannie Mae is testing a new program which would have appraisers assess a property without physically visiting it; appraisers will...
ID Finance will collaborate with Yuri Popov and asset manager Da Vinci Capital to launch the FinTech Credit Fund; estimated fund value is $200 million with debt financing focused on fintech and alternative lending; ID Finance is a growing fintech firm with three businesses: MoneyMan, Ammopay and Solva. Source
From the deal, Finicity will gain data sharing access to Wells Fargo's customer data for its clients which include personal financial management providers and online lenders; the deal is one of many currently underway for Wells Fargo and Finicity as well as numerous other market participants; overall, market consensus from American Banker shows less tension between banks and third party providers with companies such as Intuit reporting an increased interest from all parties involved in improving the experience for customers; American Banker also notes that as data sharing becomes more prevalent there's likely to be an evolution of technology that helps facilitate the connectivity. Source
CreditEase was China's first P2P lender, founded in 2006; since its founding the firm has been expanding its services to wealth management and robo advice; Ning Tang, CreditEase founder and CEO, provides his insight on the business and the online lending industry in an interview; highlights how the company plans to expand its business lines through partnerships while also managing regulatory controls. Source
From the LendIt Fintech Jobs Board: Leading tech-enabled asset manager, Pagaya Investments, is seeking a Business Development Analyst to support...
Webinar provided a comprehensive overview of funding for fintechs; gave a fintech investment summary for the US, Europe and Asia; included detailed funding levels for insurtech, wealthtech and blockchain/bitcoin. Source
Last week, the Houston-based savings company Save launched the Market Savings program for consumers that targets a 4.45-9.5% annual return.