Upstart has been a trailblazer when it comes to using AI in lending. They were the first fintech lender to make it a core part of their offering.
Yesterday, there was a lot of talk about the Department of Justice’s anti-trust lawsuit against Apple.
Simon Taylor called it the “biggest thing in fintech since Visa/Plaid.” American Banker gave us a history of the battles between banks and Apple over the years. And TechCrunch had no less than six articles covering this development.
Small business lending is more complicated than consumer lending.
Both have term loans and lines of credit but in small business you also have SBA loans, revenue-based financing, merchant cash advances, venture debt, equipment finance, invoice factoring, asset-based financing and more. This leaves a lot of room for unscrupulous lenders to charge hidden fees on some of these products.
As we hear tell of Mint's demise it becomes clear that the market for personal finance management is evolving beyond just budgeting.
As the price of bitcoin goes, so goes Coinbase.
Bitcoin hit an all-time high in the first quarter, and Coinbase reported its best-ever results. The company made $1.18 billion in net income on total revenue of $1.64 billion. Those are impressive numbers, any way you look at them.
The New York Community Bank saga has occupied the headlines for much of the past month. But the bank may finally be seeing light at the end of the tunnel.
Yesterday, NYCB received a $1 billion infusion of capital from a group that included former Treasury Secretary Steve Mnuchin and former OCC head Joseph Otting.
The credit bureaus are becoming fintech companies. In an industry first, Experian is now offering a digital checking account and debit...
Today, the company announced that they had added a programmable payments feature to their private permissioned blockchain-based JPM Coin.
Until now, if you wanted to use the myriad of Stripe's product offerings, you had to process payments through Stripe. But that is no longer the case. At the company's annual conference in San Francisco yesterday, Stripe Chief Product Officer Will Gaybrick announced that the company is "extending our modularity to the very core of Stripe: payments processing."
Yesterday, in a 7-2 vote, the U.S. Supreme Court ruled that the funding structure of the Consumer Financial Protection Bureau is constitutional.
This is a big deal for financial institutions. Even though the agency has been a thorn in the side of many fintechs and banks, if the Supreme Court found it unconstitutional, it would undo more than a decade of work and could mean chaos for the industry.