Beyond Blend more suppliers could be coming soon such as Roostify, BankVOD, LendSnap and Quovo; FinLocker, Plaid and PointServ are also currently running pilots with Fannie Mae; Only Blend, Finicity and FormFree are approved suppliers while there are more than 40 approved vendors; there are 20 approved vendors of income and employment validation reports, but only DataVerify and Equifax are approved suppliers of these reports. Source
Timothy Mayopoulos is the most recent example of a high profile executive moving into fintech; Mayopoulos will serve as President...
Fannie Mae is testing a new program which would have appraisers assess a property without physically visiting it; appraisers will...
The platform aims to provide a better process for both lenders and consumers; Fannie Mae is partnering with various fintechs including Yodlee, FormFree, and Plaid to help build out the platform’s features. Source
Venmo users have started to use the payments app to show their appreciation to sports stars or celebrities; in most...
According to new data from the Federal Reserve mobile payments have seen a big growth among consumers but fraud has also risen; the shorter clearing period looks to have opened banks on the Zelle network to more potential for fraudulent transactions; Zelle has been using multi-layer and multi-factor authentication during the enrollment process; as banks look to innovate to suit their customer needs they are also looking at newer ways to protect themselves against threats that are evolving just as quick. Source.
FastPay and Tennenbaum Capital partnered to provide an $80 million credit facility to leading global converged TV and video software provider Videology; Scott Ferber of Videology explains: "The facility provides the additional liquidity we need to expand our business further and faster — so important in such a quick moving, high growth space. We are fortunate to be working with this great team."; having FastPay and Tennenbaum partner to provide the financing allowed for the facility to occur with unprecedented speed and efficiency. Source
FastPay is an online lender and credit provider for digital businesses in the US and UK; the company has partnered with Hitachi Capital America Corp. for a new FastPay for Enterprise product; the new product will provide working capital loans of $10 million or more to digital media enterprises. Source
As the world has moved to mobile banking in the last three months hackers are moving there as well; in...
The Financial Conduct Authority (FCA) has released their annual Sector Views report; it warned of high-risk retail investments, calling out...