Fidelity has launched a new data sharing hub called Akoya in a...
News Roundup
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Fidelity’s chief executive Abigail Johnson spoke about the company’s current projects involving cryptocurrency at the Consensus conference; they have made venture investments and are also looking at applications of blockchain technology; Fidelity has set up a mining operation which is making money for the company. Source
Akoya is currently Fidelity’s data-sharing arm but now will become its own...
Fidelity Investments said that it will allow its institutional customers to buy...
Fidor Bank saw in 2016 that incumbent banks were beginning to buy up and partner with fintechs because they needed to stay competitive; other digital banks do not share this view as Starling Bank issued a report back in September saying that collaboration with main street type banks will help to erode what fintechs are attempting to disrupt; 2017 looks to be a pivotal year for partnerships as big banks, regional banks and community banks are all moving in the direction of utilizing different aspects of new innovation. Source
Fifth Third Bank will fund loans on the platform and also receive platform borrower referrals; in December 2016, Fifth Third Bank participated in a $16.5 million Series B funding round supporting ApplePie Capital; the ApplePie Capital lending platform was established in January 2015 and specializes in loans to franchise businesses across the United States; it has partnered with over 60 franchise brands and financed over $100 million for franchise businesses. Source
In the coming months Cincinnati-based Fifth Third bank will hire 200 new...
Fifth Third Bank CEO says the $167.8bn asset bank does not need...
Fifth Third Bank will expand its partnership with Accion US Network which provides access to a network of small businesses; the initiative will focus on increased lending for underserved small businesses in Florida, Indiana, Illinois, Michigan and Ohio; the effort is also an extension of the bank's five-year, $30 billion Community Commitment and will utilize $10 billion allocated to small business lending, product innovation and enhanced underwriting and fulfillment for this alternative lending channel. Source
Fifth Third Bank is still planning to open 100 new branch locations...