Gregory Keough has been instrumental in providing an industry solution for emergency financing relief through his platform Finova Financial; the firm was founded to provide a consumer friendly emergency consumer loan product with the goal of being a gamechanger for the high risk payday lending industry; in addition to the recognition of the firm's CEO, Finova has also recently received several other industry accolades including: the US Firm of the Year award for Lending Innovation by the 2017 Fintech Awards, nomination to the Fintech 100 list of the world's leading financial technology innovators and the Consumer Affairs partner accreditation. Source
Technology has made a lot of improvements to the housing market, but the core issue of affordability has yet to...
Business Insider reached out to Bail Capital Ventures, DRW Venture Capital, Edison Partners, Jump Capital, RBC, and Rosenblatt Securities to...
Project Catalyst is a CFPB initiative designed to allow the Bureau to collaborate with startups, nonprofits and banks on new financial innovations; Patrick McHenry writes about the initiative's failed attempt for innovation through its no-action letter provision and instead says the Bureau should favor using sandbox programs; in Patrick McHenry's opinion editorial he argues for a better innovation testing environment, stating, "Congress needs to provide our federal regulators the ability to create a permanent beta testing environment that allows the agencies to test whether financial products are what they claim to be, while allowing a startup's compliance officer - who is usually the company's founder - peace of mind." Source
loanDepot is the second largest non-bank consumer lender; OfferPad purchases homes from homeowners, allowing them to sell their house easily; the JV called OfferPad Home Loans is a stand-alone mortgage broker where loanDepot will act as the wholesale lender; OfferPad will be using loanDepot’s platform called Mello to provide the bridge financing. Source
Writing in Forbes Alex Lazarow of Cathay Innovation discusses the challenges of scaling of fintech startup in an emerging market;...
In an effort to properly regulate, define and use alternative digital currencies and the technology that underpins them, blockchain, New...
LendIt Fintech has teamed up with Oracle Financial Services to bring together a discussion amongst leading banks focused on small...
Popular digital banking app Dave has confirmed it suffered a security breach after a hacker published details of 7.5 million...
After the 2008 financial crisis many banks were criticized deservedly so for their role int the crisis and the subsequent...