TearSheet put together 5 interesting charts helping to provide greater explanation to certain areas of fintech; the charts include where and how banks spend on innovation, Goldman Sachs job listing, ethical concerns in using AI, mobile wallet traction and the top reasons for borrower dissatisfaction; the charts helped to reveal that Goldman is working hard to become a technology company, mobile wallet traction is quite low and interest rates by online lenders is the second biggest reason for borrower dissatisfaction. Source.
Williams recently sat down with The Financial Revolutionist to talk about Cadre and commercial real estate; Williams discusses the inefficiency...
In an interview in Forbes, Bluevine CEO and Co-Founder Eyal Lifshitz, gives some background on the history of his company...
Greg Carmichael is the CEO of Fifth Third Bancorp; in this in-depth interview he shares his perspective on the intersection of regulation and innovation in banking, Fifth Third’s fintech strategy, their partnership with QED Investors and more. Source
With their recent acquisition of Credit Karma still fresh in everyone’s minds Intuit is rumored to be eyeing more fintechs;...
The leader in small business accounting, Intuit, has announced a new tech-enabled bank account with a rich set of features...
Intuit has launched a new lending product called QuickBooks Capital; clients of the accounting software provider will be able to access up to $35,000 in credit with terms between three and six months. Rania Succar, head of QuickBooks Capital stated, “As the largest small business accounting platform with approximately 2.4 million customers, the QuickBooks platform provides the most complete set of small business data available in the market.” Source
Intuit has partnered with BlueVine to make credit more easily available for its QuickBooks users; the partnership will allow small businesses using QuickBooks to obtain credit lines of up to $100,000; BlueVine will add a line of credit product offering to the borrowing options on QuickBooks which currently also include loans from Lending Club, OnDeck and Funding Circle. Source
Over the weekend we learned that Intuit, the makers of TurboTax, Mint and Quickbooks, is close to acquiring Credit Karma,...
Initial results from a congressional investigation shows that minority business owners are more likely to seek a loan from a fintech firm and potentially pay a higher fee; Rep. Emanuel Cleaver (D-Mo.) wants to further explore whether or not these lenders are aggressively targeting these borrowers and offering higher rates; the investigation has focused on online lenders and their underwriting practices for emerging minority owned businesses. Source.