Tally claims that their new offering is the only free automated savings service for consumers; the company’s first product feature...
Credible is a multi-lender focused on student loans; company announced the addition of the Massachusetts Educational Financing Authority (MEFA) to its platform which now includes six refinancing lenders; MEFA will provide student loan refinancing through its MEFA Education Refinancing Loan; the MEFA Education Refinancing Loan is available in all 50 states, has a minimum of $10,000 and includes both fixed and variable interest rate options with the majority of rates ranging from 3.31% to 6.85%. Source
Remine Raises $30M in Series A Funding Bank of England FMI Annual Report: The Growth of Fintech Continues to Have...
In recent years there have been several companies who are focused on what are called shared-equity contracts; these companies provide help to potential homebuyers by providing a portion of the down payment; some companies also offer the ability for current homeowners to sell equity in their home which is an alternative to a cash-out refinance; investors hope to participate in the upside as property values increase; some of the players in this space are Landed, Unison, Point and Patch Homes. Source
Revolut recently launched their service in the US and has made some recent hires; Bruce Wallace previously served as chief...
A story by American Banker highlights a potential legislation that will change how Americans pay for college; many people familiar with the Promoting Real Opportunity, Success and Prosperity through Education Reform Act believe it will benefit lenders and loan servicers. Source
Hybrid digital wealth management firm Personal Capital now has $5 billion of assets under management (AUM) after accelerating growth with $2 billion in AUM added in 2017; Jay Shah, CEO of Personal Capital, tells Robo Advice News, "For investors with complex financial lives or for those who are just too busy to manage their own investments, we take the time and worry out of building an investment strategy."; new investors now invest $395,000 as compared to $289,000 since the start of the year, a 37% increase; the company has also launched a number of new features and closed a $40 million Series E round. Source
Even as crypto firms are able to raise billions in capital they are still largely shut out of the banking...
Michael Corbat, CEO of Citigroup was interviewed by Bloomberg at the World Economic Forum; the bank currently spends $8.5 billion...
Citigroup is committing $50 million to buy PPP loans from minority-owned depository institutional; the loan purchase program is in partnership...