SoFi has long offered a wide variety of services to its customers including events, dinners, career coaching and more; they...
OnDeck Capital's chief operating officer, James Hobson will be leaving OnDeck; according to Reuters, Hobson will be taking a new role as chief executive at online insurance company Attune; Hobson will remain in the role until March 15. Source
In this week’s PeerIQ Industry Update they cover the explosion in jobless claims with a record setting 3.28mn as fears...
Fintech companies have found it increasingly hard to work with tier one banks; while most talk openly in private some companies have begun talking publicly about the frustrations; issues the commonly deal with include sense of entitlement, questions about intellectual property, failure to pay and long lead times. Source.
Samsung has already been working with bank branches for five years; the new retail pop-ups will be rolled out in “sooner than a year”; an example of the pop-ups is a shopping center which usually has ATMs where banks could setup for a weekend to attract new customers; Samsung provides the devices that help bank employees engage with their customers. Source
Varo Money has ramped up their marketing campaign to position themselves as a better option than the banks; the fintech company is not going directly at the banks in their ads as some other fintechs have done, they are instead highlighting their own offering; their ads can be seen on Twitter, Facebook, Instagram and Pinterest; they are also focusing on their customers overall financial lives, empowering their users to understand what they make and how they can spend wisely. Source.
In February the President signed an executive order called the American AI Initiative to help the U.S. become a leader...
Ripple is a leading innovator in the current internet of value market also currently involved with the Federal Reserve's payments task force initiatives; the firm has enhanced its XRP product suite and rebranded it as RippleNet; their blog post provides more details on RippleNet's product offerings. Source
We are excited to announce the selected finalists for the LendIt Fintech USA 2019 Industry Awards. We received over 500...
Otting said Wednesday to reporters that no firms considering the OCC Fintech Charter have mentioned concerns about the Fed standing...