Data courtesy of FedFis.com shares that Fiserv has more than 37% market share; Jack Henry has the second highest market share with 17.6%, followed closely by FIS. Source
Fitch Ratings has upgraded its ratings for the Citi Held for Asset Issuance 2016-PM1 (CHAI 2016-PM1) portfolio which includes loans originated from the Prosper platform; the ratings agency upgraded the Class A, B and C tranches; it attributes the upgrades to growth in hard credit enhancement available to the notes. Source
The world is making new demands on business, and banking services are no exception. Fintech companies in particular have discovered...
According to the The Federal Reserve’s 2016 Survey of Consumer Finances the median net worth for Black households was only...
ApplePie Capital is the marketplace lending leader in franchise business loans; in their featured blog post, CEO Denise Thomas discusses the investment opportunity that the firm's platform presents and ApplePie Capital's business model; cites five reasons for investing in franchise debt including the stable, high single-digit to low double-digit returns with lower risk than many of the market's competing fixed income products. Sponsored Blog Post
American Banker shares their takeaways from their recent conference after hearing from a wide variety of thought leaders in fintech; takeaways include: mobile and mortgages go together, don’t count out banks, the need for simplicity is paramount, small businesses care about digital too and the fintech charter is meh. Source
Federal Reserve Chairman Jerome Powell has reiterated the central bank would be patient in raising interest rates this year after...
Fintech services appear to have figured out they must base their business models on float control if they are to...
Florida based Axiom Bank launched a new all digital account targeted at the unbanked; Axiom partnered with fintech company Malauzai to help design and launch their mobile app; "For many in our community, AxiomGo provides the first tangible banking experience that not only eliminates expensive fees, but also enables them to perform any banking transaction needed at any time of day,” says Ron Strand-Sorrell, the bank's chief operating officer, in a release reported by American Banker. Source.
The new venture firm, Flourish, from The Omidyar Network is launching to investing in startups whose innovations are helping people...