A new survey by The Economist Intelligence Unit and Crypto.com says that adoption and awareness of digital currencies is increasing...
CAN Capital Inc. has hired an advisor to help the business after halting loan originations and releasing senior executives; Realization Services Inc. has been hired to help the firm negotiate with creditors and strategy investment banking advisor Jefferies; CAN Capital has been lending to small businesses since 1998 with $6.5 billion in loans and cash advances; near the end of 2016 the firm reported data irregularities and issues with loan performance and collections. Source
Uplift up until now been keeping a low profile in the lending space; the firm partners with airlines and travel...
American Express' Pay It Plan It mobile feature allows for installment payments on purchases of over $100; the mobile feature is associated with a customer's American Express card; the company says Pay It Plan It is available now on several consumer credit and co-branded cards and cards issued after June 1 will have the feature added by 2018. Source
Mark Cuban says banks are not acting quickly enough to extend credit to small businesses through the Small Business Administration’s...
According to a new report by the Cleveland Fed online SMB lenders have a net satisfaction rate of 33 percent...
Stash has quickly become one of the hottest fintechs and the company has seen continued success during the current pandemic;...
Goldman Sachs has been busy acquiring companies to boost its consumer facing business; they now have expertise across consumer lending, small business lending and real estate; Lend Academy shares their latest acquisitions, including the acquisition of Final, a credit card startup; it seems as though credit cards was the missing piece and it's possible Goldman Sachs will enter the credit card business. Source
Barclays is launching the My Personal Bank finance service that will link all of a customer’s Barclays based accounts; they are testing the tool with 7,500 Barclaycard Arrival Plus World Elite Mastercard cardholders. Source.
American Banker has compiled a list of some of the key trends in banking that will define what banking will...