After a pilot study with ZestFinance to test alternative underwriting, the firm has now announced it will extend its model to more broadly consider alternative data for loan underwriting approvals; alternative loan data is being increasingly utilized across the financial services industry; Ford believes the new underwriting initiative could help improve sales for the firm which are down 4.3% year-to-date through July. Source
Bitcoin's price has gained over 300% this year and analysts are competing for the highest price forecast; Bloomberg reports on some of the market's top analyst projections which include estimates of $6,000 by year-end, a $7,500 price target for 2018 and a target value of $25,000 by 2022; the cryptocurrency reached a record of $4,477 last week; it has a number of catalysts helping to fuel the market projections including increased transaction speeds and regulatory approval from the CFTC for bitcoin derivatives trading. Source
Nova provides credit scores to immigrants who lack a credit history in the United States; Ken Chenault, the former CEO...
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A group of former executives from Binance, one of the largest cryptocurrency exchanges globally, has created a $100 million venture fund, the team told TechCrunch on Thursday.Old Fashion Research (OFR) – whose name is derived from the classic cocktail – was founded in late 2021 by managing partners...
Christopher Giancarlo, the former chairman at the Commodity Futures Trading Commission, said at a recent forum that the Federal Reserve...
Christopher Giancarlo, the former head of the Commodity Futures Trading Commission, is creating the Digital Dollar Foundation to study converting...
Lord Hammond has held advisory roles at both crypto firm Copper and OakNorth Bank since leaving Parliament.
Hammond will help Copper to solidify its position on the global stage.
The first-ever cryptocurrency insider-trading case could have broad ramifications for the industry.