Remittances have always been extremely important to a certain segment of the economy and the process has been dominated by...
PeerStreet, a platform for investing in real estate backed loans, has now integrated with Personal Capital which is powered by the Envestnet | Yodlee data aggregation platform; customers will now be able to view their PeerStreet positions within their investment portfolio on Personal Capital; this is the third such integration as PeerStreet recently announced integrations with Wealthfront and Betterment; "Many PeerStreet customers have asked for this integration with Personal Capital. We're always working to improve the experience for our customers and provide greater control and transparency," said Brett Crosby, co-founder and COO of PeerStreet." Source
With the shift to work from home many banks are dealing with situations they might not have ever had to...
The startup donated its digital currency (XRP) to public schools in the United States; Ripple shared it is the largest cryptocurrency gift to a single charity and will be used to buy materials at over 28,000 schools in all 50 states; Ripple currently owns 60 billion of the 100 billion XRP in existence and has a market cap around $35 billion; the cryptocurrency will be liquidated over a two period in order to not disrupt the market price. Source
Both Marlette and LendingClub now have their own securitization platforms which has broadened their investor base; Sid Jajodia, chief investment officer at LendingClub spoke at the Structured Finance Industry Group’s conference in Las Vegas this week and discussed the importance of brining LendingClub’s loans in-house; he also spoke about their new whole-loan structured product announced in December as well as changes that might make sense for the company in the future; Karan Mehta, head of capital markets for Marlette discussed changes they are making to their whole-loan program. Source
Financial crime fintech Quantexa raised a $64.7mn series C round from HSBC, ABN Amro Ventures, Evolution Equity Partners, Dawn Capital,...
The current pandemic has shaken our world in ways most of us could not even imagine and fintech companies have...
Fifth Third Bank is still planning to open 100 new branch locations across the Southeast in the next few years;...
Small and medium sized banks must carefully consider how they are going to compete with traditional banks and newer digital...
One of the benefits for a small business opting for a loan with an online lender is the speed in...