Upstart Co-Founder Dave Girouard talks with Forbes about alternative credit data modeling and his firm Upstart; Girouard's inspiration for Upstart came from his experience at Google where he was involved in developing algorithmic models for evaluating candidates and their potential success as Google employees; a third of Upstart's management team comes from Google and the firm is now building advanced credit models that utilize machine learning and modern technology to make credit more accessible for borrowers; the firm is targeting loan originations of $1 billion in 2017; Upstart will be at LendIt USA 2017 and is announcing a new white label software as a service product called Powered by Upstart. Source
A new study by Cornerstone Advisors and Acxiom examined how the financial lives of women differed from men; the study...
Arc were one of the self described first responders of the SVB crisis. They have now launched gold to help startups easily diversify risk.
With the announcement of the pending resignation of Comptroller of the Currency, Joseph Otting, it didn’t take long for a...
Online auto insurance company, EverQuote, has raised $23 million in Series B funding; the funding is part of a pre-IPO plan to provide liquidity to its founders and employees; the firm will also use the funding to hire 120 employees focused on sales and data; plans also include directly selling insurance on the platform with the use of proprietary data from the firm's app, EverDrive. Source
According to National Mortgage News nine lenders including loanDepot were warned last year that they could be removed from the...
Many staff members at the challenger banks are working from home with Starling and Revolut opting to split staff between...
Stripe, the payments platform has raised $600 million which is an extension of their Series G round that closed last...
According to the Wall Street Journal, E*Trade has five million retail customers including $360 billion in assets; Morgan Stanley will...
Credit Karma is looking to make managing your car related routines a lot easier by launching their auto information center; the new product will allow customers to manage their auto finances, insurance and other car related items like recall notices; the biggest benefit will allow users to shop for better auto insurance and loan refinance rates that will help make sure they are getting the best deal. Source.