Federal Reserve Board data shows that consumer debt reached all-time highs in November; the previous highs were in April 2008 when consumer debt totaled $1.021 trillion; according to the CFPB, “Most origination metrics we observe are near pre-recession levels. This is true across credit score tiers for both general purpose and private label cards. Approval rates have climbed for all credit score tiers since post-recession lows, even as application volumes have stabilized.” Source
Tokenization has been set for some time to cause disruption but open finance incorporation may be key to realize its growth.
Today, the company announced a $30 million round from former YC president Sam Altman and Goodwater Capital; ZeroDown offers a...
Tribal Credit is expanding its crypto-focused business services across Latin America.
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UK based startups and big banks have been pushing their online investment advisors through ads as they try to gain new clients; after seeing some of the startups have early success big banks started to get into the market this past year; the upcoming ISA deadline on April 5th has companies pushing their marketing spend in recent months with hopes it will pay off in new customers and cash. Source.
At a panel at The Economist Finance Disrupted conference held in London, three out of four venture capitalists mentioned insurance as an area of most interest to them according to Business Insider; Timo Dreger, managing director at Apeiron Investment Group stated: "Right now we are looking at insurtech. It's for sure the hottest thing in 2016 and for sure the hottest thing this year too. The answer is pretty easy why. In the whole insurance industry, there's a lack of innovation and the user experience is pretty horrible."; while there has been a lot of innovation in the US, there are several notable insurtech startups across Europe; in the US, Oscar, an online health insurance company has raised $700 million. Source
Autorizar cargos recurrentes es una acción que puede afectar tus finanzas sino llevas a cabo diversas acciones de seguridad y control.
Shares of Upstart plummeted Tuesday after the consumer lending platform cut its full-year revenue outlook.
In 2014, Amazon launched a product that sounded strikingly similar to something already on offer from Twitter co-founder Jack Dorsey’s...