Monja shares a list of online lenders in the real estate space; discusses the pull back in construction financing by traditional banks and the continuing rise overall in the real estate construction sector. Source
When banks pulled back from lending to any small business perceived as risky in the wake of the financial crisis...
According to a new report by the Cleveland Fed online SMB lenders have a net satisfaction rate of 33 percent...
Online SMB lenders believe they are in a unique position to help lend to small businesses during these chaotic times;...
FundersClub is an online venture capital firm investing in startups; it has invested in 217 companies in the past four years with 19 exits; the firm has announced a commitment to disclose quarterly public reports providing more transparency in a historically un-transparent industry; the firm's investments have been successful over the past four years with a comprehensive multiple for returns on realized exits of 1.1. Source
A new study released by Accenture says bankers now have high expectations for Open Banking as half of those surveyed...
While the promise of a flood of new products that would create the biggest shake-up in retail banking in decades hasn’t...
A recent report commissioned by Pepper, a 100% mobile bank created by Israel’s leading bank Bank Leumi, claims retail banks are seriously...
Revolut’s announcement in early February to partner with TrueLayer on open banking aggregation could prove to be one of their...
There is no standard for data sharing between banks and fintechs which often results in screen scraping; this leads to concerns around data security and is also an inefficient way to gather data; the Financial Services Information Sharing and Analysis Center released an updated version of their recommendations around data sharing called the Durable Data API specification; this could eventually become the standard adopted by the industry; American Banker compares this to PSD2 in the UK and shares more about the new specification. Source