American Banker takes a look at some of the better know digital banks and how they are trying to build...
MoneyGram is testing XRP for reducing both the cost of transferring money and the settlement times; Both MoneyGram and XRP traded higher on the news; Ripple has signed on about 100 banks as customers, but is also targeting remittance companies; Ripple CEO Brad Garlinghouse also tweeted that three of the five largest money-transfer companies would begin to use XRP this year. Source
SoFi is now offering brokerage services to the public a spokeswoman there has confirmed; there is an active investing option...
Financial health startup Even has launched an automated savings tool to help users save for up to three goals; “This...
The Wall Street Journal reports on publicly listed funds that will purchase marketplace lending loans; the new funds are setup as interval funds and will open access to investors who might not otherwise consider investing in loans made by marketplace lenders; article highlights fees and minimums of offerings by RiverNorth and Stone Ridge. Source
Leading home solar financed Mosaic has partnered with PeerIQ on latest securitization; Mosaic used the PeerIQ platform to allow potential ABS buyers to have insight into their complete set of loan-level data; the partnership will allow for more transparency, streamline diligence and execution. Source.
An article in the FT shares examples of businesses that have not benefited from the recent economic expansion and at...
Statistics show that volatile incomes are a factor affecting financial stress for many families; in today's market, many fintech companies are seeking to target those families with solutions that help reduce their financial stress; the Wall Street Journal provides details on apps for this target market including Even, Digit and Prism; while services for financially stressed families have reported significant interest from fintech developers, skeptics caution that achieving profitability for these businesses could be challenging. Source
In their semi annual report published this week, the OCC singled out financial innovation and rapid developments in fintech as...
CoinDesk is releasing their 2020 version of the CoinDesk 50, the most innovative, consequential and viable projects in the blockchain...