There has been a lot of speculation about a crypto trading desk at Goldman Sachs in the last 18 months...
Looking to make their consumer lending product more appealing Goldman Sach’s Marcus is now offering loans for home improvement; the bulk of their loans have thus far been originated for debt consolidation; with more banks entering the space and the non bank lenders who have come on the scene since the financial crisis Marcus is looking to differentiate their initial offering; this is a trend across the fintech market as competition has forced firms to try to make products unique. Source.
Last year many consumers were able to earn around 2% on savings accounts from the leading banks; since then rates...
A story by American Banker highlights a potential legislation that will change how Americans pay for college; many people familiar with the Promoting Real Opportunity, Success and Prosperity through Education Reform Act believe it will benefit lenders and loan servicers. Source
deBanked reports that Google searches including “cash advance” do not include advertisements when searching; this is likely due to Google clamping down on payday loan advertisements and the term cash advance being related to payday loans; Merchant cash advances however are for businesses, making this a possible unintended consequence on the clamp down of payday loan ads. Source
Google and PayPal have announced that they will be looking to expand their payments partnership; PayPal will be available across...
While it’s no surprise that many fintech companies were exploring the OCC fintech charter it is interesting that both Google...
Beginning in June ads promoting cryptocurrencies and ICOs will be banned on Google; this follows a recent ban from Facebook; both companies have a large share of internet ads and combined collected 60% of online ad spend in 2017; many cryptocurrencies fell on the news. Source
Google Cloud has added a new security layer to their cloud offering to better protect customer data. Confidential Virtual Machines,...
Google Wallet, Android Pay and Pay with Google will now all become Google Pay; this way the company can better brand their products and make it less confusing; Google has launched a number of products in the last 10 years aimed at different payments markets and found varying degrees of success; they hope ensuring the same brand for multiple layers of products will help to cut down on confusion and hopefully help them to build a better customer experience to compete with the likes of Apple Pay and Samsung Pay. Source.