Credit bureaus in the US have become integrated with fintech companies in different ways; Forbes talks with Alex Lintner about Experian's business initiatives and the solutions the company is providing for the fintech industry; Alex says the company is focused on digital technology solutions for credit data that help improve the loan application for consumers; Lintner also notes the availability of full file reporting which can meet the growing demand for alternative credit underwriting and the company's development of APIs for startup businesses. Source
Jilliene Helman won the LendIt Fintech Woman of the Year award at LendIt's first industry awards show and has led RealtyMogul since 2013 as the firm's founder; offering debt and equity real estate investments as well as a REIT, RealtyMogul is one of the most innovative real estate investing platforms that has evolved from the JOBS Act's new regulations for crowdfunded investments; Helman talks with Forbes about the firm's REIT investment, the experience of its management team, and how economies of scale and the firm's technology are helping the firm succeed. Source
LendingHome was founded in 2013 and is the second startup business founded by Matt Humphrey; the firm announced its new consumer loan mortgage product at LendIt USA 2017; since its initial launch, the business has originated over $1 billion in mortgage loans with a focus specifically on fix and flip property owners; the new product will expand the capabilities of the firm's technology by offering consumer mortgage loans to first time homebuyers; the product expansion is a natural extension of the business and talking with Forbes, Humphrey says it has been a part of the firm's plan since founding the company. Source
David Kimball became Prosper's CEO in 2016 after serving as CFO for the firm; in February the firm signed a deal with a consortium of investors committing a potential $5 billion in loan investments for the platform over the next two years; Kimball talks about the firm's business, his perspective on fintech and his experiences as CFO and CEO. Source
After a pilot study with ZestFinance to test alternative underwriting, the firm has now announced it will extend its model to more broadly consider alternative data for loan underwriting approvals; alternative loan data is being increasingly utilized across the financial services industry; Ford believes the new underwriting initiative could help improve sales for the firm which are down 4.3% year-to-date through July. Source
Nova provides credit scores to immigrants who lack a credit history in the United States; Ken Chenault, the former CEO...
Former bankers Antony Jenkins, Jonthan Larsen and Vikram Pandit all have found a great deal of success in moving into...
Christopher Giancarlo, the former head of the Commodity Futures Trading Commission, is creating the Digital Dollar Foundation to study converting...
James Blackham, former managing director and head of digital structuring at Goldman Sachs, is now leading a new insurtech startup; his firm, Just Miles, is focusing on personalized car insurance offerings; the firm has received venture capitalist funding and is developing its data analytics; at Just Miles, Blackham says he is taking the big data and analytics skills learned from his experience at Goldman Sachs and applying them to car insurance with the goal of providing an innovative car insurance solution for consumers. Source
While speaking to CNBC former director of the White House Economic Council Gary Cohn says he is exploring options to...