Yesterday Forbes released their Fintech 50 list; since lending was one of the early segments in fintech, the companies on the list are some of the most mature businesses; Forbes shares more details on those with traction including Affirm, Better Mortgage, Blend, CommonBond, GreenSky, Kabbage, LendingHome, Tala, and Upstart. Source
Looking to stay competitive, Barclays has announced a new digital investment platform that promises to lower fees for investment services; the platform will be available to existing customers in 2017, providing an upgraded dashboard for viewing checking, savings and investment accounts, also adding increased capabilities for direct investments; this will help the bank keep in line with recent fintech innovation as robo advisors are becoming a bigger force in the wealth management space. Source
Digital banking innovation is beginning to shake up the traditional bank market in South Africa; South Africa’s Reserve Bank issued...
The online lender has started a new marketing push to highlight new product offering to millennials; the company placed ads over the Thanksgiving holiday on TV and in newspapers with a unique twist on Black Friday. Source
On Feb. 7 financial institution OMB and digital platform Bits of Stock announced an agreement which allows OMB to provide customers with the ability to earn fractional stock rewards on debit card transactions.
Here are the most read news stories from our daily newsletter today: Online loans are holding up better than expected...
Leading European buy now pay later platform Klarna is the latest company to add a savings account to their offering;...
Consumers increasingly expect banks to embrace environmental policies. That can create tensions, but also opportunities for loan growth.
A recent report commissioned by Pepper, a 100% mobile bank created by Israel’s leading bank Bank Leumi, claims retail banks are seriously...
LendIt has partnered with SeedInvest to include live fundraising at this year's PitchIt @ LendIt Europe competition; through the partnership LendIt Europe delegates and SeedInvest's 185,000 users can invest in the eight startup finalists during the event; these finalists will present before an audience and panel of judges on October 10 from 11:00 am to 1:00 pm. Source