On Tuesday, Extend, launched an API that enables SMBs to issue digital cards from any company, including American Express.
The U.S. Patent Office published a Visa patent application from November that would create a gateway to allow for central...
Chancellor Hammond has reported the UK Spring Budget which provides insight for the region on the UK's economy as it separates from the European Union; the Spring Budget included a 270 million British pound ($328 million) investment by Industrial Strategy challenge fund for development of innovative technologies; Crowdfund Insider provides comments on the Spring Budget from a few executives in alternative finance; of note is the Budget's continued provision that prevents investors from diversifying across innovative finance individual savings accounts and a change in the tax on dividend income. Source
Facebook on Wednesday announced its decision to reverse long-standing policy that prevented most cryptocurrency companies from running ads on its services.
According to new data bank branches in the US decreased by 1,700 over the last 12 months; this is the biggest decline on record; closings are concentrated in big cities and surrounding suburbs and is attributed to less foot traffic; other closures occurring in rural areas are due to some regional lenders leaving the area; the decrease in regional bank branches is something that has accelerated more recently compared to big banks beginning to close branches years ago; Capital One, SunTrust and Regions have closed 32%, 22% and 12% of their branches respectively from mid-2012 to mid-2017. Source
Chinese marketplace lender Hexindai has added a payments function to its mobile app; firm has partnered with China UnionPay for Quick Pass; QuickPass allows platform investors to use funds for payments at merchants in the China UnionPay network. Source
- ProBank Austin to Introduce New ‘bankED’ Compliance Training Program at LendIt Fintech 2018 USA
- Cloud Lending Solutions Recognized as Top 10 Best Performing Salesforce Solution Provider
- BBVA Compass Express Personal Loan goes digital, opens to consumers in multiple states
- TD Auto Finance Partners with AutoGravity to Provide Enhanced Digital Car Buying and Financing Option
- Santander Consumer USA And AutoGravity Work To Transform The Car-Buying And Financing Journey
- Funding Circle co-founder joins crypto-lending platform as advisor
- Purpose Financial to Acquire Thinking Capital
- BNP Paribas Fortis partners with Swedish fintech Tink for digital banking
- Direct lending fund beats dividend target, launches new fundraise
- InCompliance Update White Paper 2018
The SEC has agreed to reconsider its review of the Winklevoss bitcoin ETF rejection following a petition from the Bats exchange; a comment period is now open for support or opposition of the Disapproval Order until May 15; the SEC has not approved any bitcoin ETFs for trading also rejecting the listing of SolidX on the NYSE Arca. Source
First, we had Varo. Then came Square. More recently SoFi, then Figure, now Oportun is joining the party. Let’s not...
The Federal Reserve today announced the anticipated pricing approach for its FedNow Service for instant payments. Read the full article...