Lendistry, a fintech community development financial institution, obtained a license that allows it to become one of the few nondepository lenders with access to the Small Business Administration's flagship lending program.
New York is set to follow California is requiring non-bank lenders to disclose metrics on each loan; metrics include total...
Users will be able to trade bitcoin, ether, DOGE, ADA and DOT.
Keith Noreika, the acting Comptroller of the Currency recently signed the first full-service de novo national bank charter since the financial crisis to Winter Park National Bank of Florida; Noreika believes there are still too few new banks and part of the problem is the onerous process; Noreika outlines the lengthy process and discusses his suggested changes in his testimony back in June. Source
Custodial Bank Norther Trust has upgraded their cybersecurity protocols as they try to better protect themselves against a growing cyber...
Northwestern Mutual has formed Northwestern Mutual Future Ventures which will invest in fintech firms; according to the press release, the commitment will focus on innovation to build greater digital relevance for clients, increase data-driven decision making and create back-end efficiencies with the goal of creating value for its more than four million clients; investments will range from $500,000 to $3 million; the company has already seen benefits from the acquisition of LearnVest in 2015 and is looking to invest more in similar companies. Source
Northwestern Mutual is creating a second venture fund which will invest between $500,000 and $5 million in Series A/B rounds...
"This is a bank. We're here to empower Black America, but why are you assuming that that means we're helping poor people?" First Boulevard COO Asya Bradley said this week at Money20/20 in Las Vegas.
Embedded finance can help small businesses manage their money end-to-end, but not all companies are equipped to offer it properly.
Last year, Tiger Global Management led a rush to back startups nearing initial public offerings, piling into late-stage funding rounds for banking app Chime, data firm Databricks and videoconferencing startup Hopin. New data shows just how much Tiger and other deep-pocketed investors have pulle