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Fintech News Roundup USA

·Jan. 24, 2020

Even Launches Automated Savings Product

Financial health startup Even has launched an automated savings tool to help users save for up to three goals; “This...

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Fintech News Roundup USA

·Mar. 19, 2018

Everlasting Capital Grows from a Basement to Inc.’s 500 List

Josh Feinberg was making $267 a week working at a pawn shop and knew he had to make changes to provide for his family; using his experience in working for his dad he created a equipment financing company; by making more than 400 calls per day he was able to build a solid foundation for the growing company; in a three year period ending in 2016 the company experienced 1,361 percent growth and made it to number 323 on the Inc. 500 list. Source.

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Fintech News Roundup USA

·Mar. 17, 2020

Ex-PayPal CEO Launching Neo-Bank

Bill Harris is the former CEO of PayPal and Intuit and is also the founder and CEO of Personal Capital;...

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Fintech News Roundup USA

·Jan. 23, 2019

Examining the Link Between Personal Bankruptcy and Marketplace Lending

While the numbers have dropped significantly since the 2010 peak, personal bankruptcy is still a significant issue in the U.S....

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News Roundup Online Lending USA

·Jan. 31, 2017

Executive VP Eric Thaller Leaves Prosper

Prosper has reported the loss of another company executive a few months after the resignation of its former CEO Aaron Vermut; Eric Thaller, executive vice president of capital markets, has left the firm to join Sunbit, a consumer lending startup offering point of sale credit solutions for retail businesses; Thaller was a lead advocate for institutional investment in marketplace loans and directed the firm's institutional investment business. Source

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Fintech News Roundup USA

·Mar. 27, 2019

Expanding Access to Credit in the Land of New “Halves”

This is a post from Sasha Orloff who co-founded LendUp and Mission Lane and previously was Senior Vice President at...

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Europe Fintech News Roundup USA

·May. 4, 2018

Expanding Access to Credit in the UK and US

There still remains millions of people in developed countries like the UK and US who remain outside the traditional banking...

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Fintech News Roundup USA

·Sep. 6, 2017

Expanding the Tent for Both Investors and Originators

Orchard has a unique perspective on online lending given how close they are both with originators and investors; Matt Burton shares themes from LendIt 2017 and looks back at what has happened over the past few years; Burton believes that many companies are positioned for growth this year with increased institutional investor interest; shares that the industry is still small compared to where it could go and explores what needs to happen in order to "expand the tent"; discusses growth in originations, securitization, partnerships and the expansion of asset classes in the industry. Source

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Fintech News Roundup USA

·Jan. 18, 2019

Experian Adding Cellphone and Utility Bill Payments to Credit Score Calculation

Good news for people with little of no credit history; Experian will begin taking cellphone and utility payments into consideration...

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Fintech News Roundup Online Lending USA

·Mar. 20, 2017

Experian and Finicity Partner for Data Verification

Experian has partnered with Finicity to launch Digital Verification Solutions, a service that leverages Finicity's technology to connect with financial institutions for verifying income and assets; Experian is the first credit bureau to offer this type of solution; in addition to offering an enhanced service, the solution is also intended to help lenders broaden their credit underwriting for thin file borrowers; Finicity is also working with other lenders to help improve verification processes and shorten the end-to-end processing time for lending. Source

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