There is no question that challenger banks like Revolut, Monzo and N26 have acquired massive amounts of customers; it leads...
The report is titled “Do Fintech Lenders Penetrate Areas That Are Underserved by Traditional Banks”; the report used account-level data from LendingClub and other US Banks with assets over $50 billion; according to the paper’s abstract: “We find that LendingClub’s consumer lending activities have penetrated areas that may be underserved by traditional banks, such as in highly concentrated markets and in areas that have fewer bank branches per capita. We also find that the portion of LendingClub loans increases in areas where the local economy is not performing well.” Source
The growth of fintech has already had a tremendous impact on the banking system; but the business model for many...
In an interview with The Financial Brand, Alan McIntyre, Senior Managing Director, Banking for Accenture shares his perspective on the...
Barclays Chief Executive Officer Jes Staley believes that having large headquarters for bankers might be a thing of the past;...
Big banks have shown recently that they are not afraid to spend on technology in order to better set themselves...
Banks have long relied on face to face or voice interactions with their customers; these are often easy to measure,...
Several online small business lenders that we have spoken with this week are seeing record requests for credit as small...
The “adrenalin ride” of fintech has been a big draw for banking heavyweights who have been facing tougher regulation, increasingly...
A new study from Juniper Research notes that digital banking users will increase to 3.6 billion by 2024, a 54%...