The millions of small businesses that have taken out Paycheck Protection Program loans received some good news yesterday; the Trump...
In recent years there have been several companies who are focused on what are called shared-equity contracts; these companies provide help to potential homebuyers by providing a portion of the down payment; some companies also offer the ability for current homeowners to sell equity in their home which is an alternative to a cash-out refinance; investors hope to participate in the upside as property values increase; some of the players in this space are Landed, Unison, Point and Patch Homes. Source
Jane Gladstone was recently named President of Promontory Interfinancial Network and has been at the forefront of fintech since the...
Personal finance startup MX surveyed more than 1,000 consumers about the future of banking and found 70 percent believe mobile...
A new report by fintech Raisin examines savings behavior for different age groups and gender for German, Spain and the...
Recent research by Juniper Research reports that fintech platform revenues are to reach $10.5 billion globally by 2020, up from $5.2 billion expected this year; factors contributing to the rise are: an acceleration in P2P lending, crowdfunding becoming a viable alternative to traditional lending mechanisms and the deployment of next generation analytics platforms. Source
A new report titled “Whose Customer are you? The reality of digital banking” by Temenos shares that a majority of...
A new report by analyst Karen Shaw Petrou argues that fintech firms pose just as many risks as they do...
The report is titled “Do Fintech Lenders Penetrate Areas That Are Underserved by Traditional Banks”; the report used account-level data from LendingClub and other US Banks with assets over $50 billion; according to the paper’s abstract: “We find that LendingClub’s consumer lending activities have penetrated areas that may be underserved by traditional banks, such as in highly concentrated markets and in areas that have fewer bank branches per capita. We also find that the portion of LendingClub loans increases in areas where the local economy is not performing well.” Source
The report from the European Securities Markets Authority, the European Banking Authority and the European Insurance and Occupational Pensions Authority...