Massachusetts’ Secretary of the Commonwealth William Galvin has been proponent of aggressively enforcing securities laws to digital asset firms; explaining...
Louis Beryl was co-founder and chief executive of Earnest; he left the company this week; Navient Corp purchased Earnest back in October 2017 for $155 million; Earnest co-founder Ben Hutchinson remains at the company as chief operating officer. Source
LendingPoint has closed two securitizations, one composed of direct to consumer loans and the other of point of sale loans;...
Nationwide has made a strategic decision to shut down their retail banking operation; the firm said they are returning to...
PeerStreet is a platform founded by Brew Johnson? and Brett Crosby; initially launched to take advantage of inefficiencies in the real estate market, the platform has grown to service a wide range of accredited investors; the platform has originated over $200 million in real estate loans; it attributes its success to the platform's focus on short-term, first position lien loans, and a robust legal and compliance team; Brew Johnson will be speaking at LendIt USA 2017 on a panel discussing "Residential & Commercial Real Estate: What's next for real estate crowdfunding?" Source
R3 is making its blockchain code base publicly available, in an effort to drive standards for the technology; its "Corda" platform code will be stored starting November 30th as part of the Hyperledger open-source project, which is run by the non-profit Linux Foundation to encourage cross-industry experimentation and adoption of blockchain; R3's Chief Engineer, James Carlyle, explained, "If we have one platform with lots of products on top, then we get something that's more like the internet, where we still get innovation but we can still communicate with each other."; in related news, R3 and 12 of its bank members recently trialed Ripple's Digital Asset XRP platform for interbank cross-border payments. Source
We are now getting a sense of the impact of the coronavirus crisis on lenders; yesterday, LendingClub announced their Q1...
The buy now, pay later space is full of competition with names like Affirm, Afterpay and Klarna; what’s different about...
PayPal broke all sorts of records in the second quarter of 2020 as the acceleration of digital payments continued to...
The latest fintech IPO is likely to be GreenSky which focuses on point of sale finance. Source