Goldman Sachs is entering P2P lending. This is a major milestone for our industry since it marks the 1st bank...
On Tuesday, OnDeck and JPMorgan Chase announced a partnership in what I think is the biggest news for the marketplace...
10x Future Technologies, founded by former Barclays CEO Antony Jenkins, is developing a cloud-based core banking system that will allow banks to hold deposits and accounts; the company believes their technology will give banks better access and insights into clients' data; this new tailored access will allow the banks to offer products that will better fit their customers' needs. Source
Happy New Year everyone. As I do every year at this time I make a few predictions for the year...
The European Union’s General Data Protection Regulation (GDPR) is beginning to give community bankers in the US headaches; the law applies to all companies processing and holding data of people who reside in the EU; if a EU citizen visits your website you could be subject to the law; community banks are starting to enlist legal help to better understand how they can protect themselves from steep penalties. Source.
Earlier this year Frank Rotman, a partner at QED Investors, released the seminal white paper, The Hourglass Effect, focused on...
Happy New Year everyone. Here is my annual predictions post where I review my previous years predictions and make some...
The UK has launched their borrower referral scheme which came about as a government initiative; businesses who apply for loans at the nine largest UK banks and are rejected will be referred to aggregator platforms Funding Xchange, Business Finance Compared and Funding Options; the aggregators will pass information to alternative finance providers who will be able to provide quotes to the business. Source
The LendIt team is excited to return to China for our second annual Lang Di Fintech conference on July 15...
Article shares the participants in the major consortia and networks; discusses the advantages to blockchain technology in banking and what banks need to keep in mind when looking at implementing the technology. Source