Small business data is more plentiful now than ever before and tech tools are evolving to help fintech lenders meet the challenge.
The country that gets it right first will see rapid business and job creation, attract the world’s best and brightest minds and set the standard other nations will follow.
The credit card business used to be much more profitable for banks; a recent study showed that fee income across...
The pandemic forced many financial institutions around the world to rethink their business strategy to better compete in a digital-first...
Peter Renton, Founder of Lend Academy and Co-Founder of LendIt Fintech shares his marketplace lending portfolio performance for Q1 2018;...
Plaid and The Harris Poll have released a report, titled The Fintech Effect: Fintech's Mass Adoption Moment. It covers latest Fintech trends, globally.
Science Blockchain is the first incubator ICO to go to market; Argon Group will be advising the ICO; Science Blockchain began in 2011 and they have co-founded and invested in over 70 companies; they aim to take their expertise to help select blockchain entrepreneurs; token holders will get access to new tokens from incubated portfolio companies; investors will also benefit in any upside from owning Science Tokens. Source
Otting said Wednesday to reporters that no firms considering the OCC Fintech Charter have mentioned concerns about the Fed standing...
Standard Chartered and Ant Financial signed a memorandum of understanding to expand their fintech reach in the Belt and Road Initiative; as Banking Technology reports the details are not flushed out yet but they are looking to broaden access to financial services in countries where the Belt and Road Initiative reaches; the companies have already partnered on funding settlement, FX services and Alipay Wallet. Source.
Manatt provides an overview of some of the comments received by the OCC on the proposed fintech charter; the New York Department of Financial Services was critical of the charter; the American Bankers Association is supportive of the charter "...as long as existing rules and oversight are applied consistent with those for any national bank"; the Financial Services Roundtable also spoke in favor of the charter, commending the OCC for its development of the proposal; also highlighted are responses from the Consumer Bankers Association and the Independent Community Bankers of America. Source