Customers of Citizens Financial Group were not able to access only or mobile banking in what the bank said was...
Google Wallet, Android Pay and Pay with Google will now all become Google Pay; this way the company can better brand their products and make it less confusing; Google has launched a number of products in the last 10 years aimed at different payments markets and found varying degrees of success; they hope ensuring the same brand for multiple layers of products will help to cut down on confusion and hopefully help them to build a better customer experience to compete with the likes of Apple Pay and Samsung Pay. Source.
Supreme Court strikes down CFPB leadership structure Experian’s Rob Haslingden: “Open Finance has the potential to fuel the growth of...
The company securitized $2.6 billion in Q1 2018, representing a 35% increase over the prior year period; three transactions took place, two student loan deals and one consumer loan deal; medical residency loans were included for the first time in SoFi 2018-B Notes; SoFi is a top-ten ABS sponsor, coming in at seventh. Source
MoneyLion has raised $22.5 million in a Series A funding round led by Edison Partners; the company will use the funds to improve and expand its mobile application services; the mobile application currently provides customers with tools and advice for managing their finances; it also provides loans. Source
TD Bank is looking to boost their AI driven technologies by their recent acquisition of Toronto based Layer 6; Layer 6 provides AI powered prediction engine for data; Michael Rhodes, group head, innovation, technology and shared services, TD Bank, says to Banking Technology that AI has “potential to power a new generation of data-driven applications from personalized and real-time advice to predictive analytics that will shape the future of banking for millions of individuals”.; the deal represents the fourth AI focused move by the bank in the past couple of years. Source.
Digital wealth management startup Ellevest raised $33mn led by Rethink Impact and PSP Growth; other notable investors include Melinda Gates’s...
Fidelity recently conducted a survey which found that about half of institutional investors consider digital assets to be worthy of...
LendingPoint, a near prime lender, has significant room for growth with the closing of their latest credit facility; the company...
In American Banker Penny Crosman considers Mastercard’s recent announcement of the acquisition of Finicity and Visa’s acquisition of Plaid; if...