Digital banking has been a big positive for the financial services industry, though it has opened companies to greater cyber...
Cross River Bank does not share many of the same qualities as some of the nation’s largest banks since they...
The Securities and Exchange Commission (SEC), a financial government agency overseen by the Financial Stability Oversight Council, held a fintech forum discussing the industry; industry speakers included Ram Ahluwalia from PeerIQ and Matt Burton from Orchard; SEC speakers included Mary Jo White and Michael Piwowar; Mary Jo White focused on fintech responsibility suggesting thorough testing of various aspects of the business before introduction; Michael Piwowar focused on fintech sandbox testing and suggested that the SEC should be the lead agency regulating fintech; in an announcement on Monday, Mary Jo White also said she would be leaving her role in January. Source
An in depth piece in The Financial Brand focuses on the new bank account offering from T-Mobile; called T-Mobile Money...
Payment provider Klarna has turned to famed raper Snoop Dogg to be the face of a major campaign called “Get...
The buy now, pay later space is full of competition with names like Affirm, Afterpay and Klarna; what’s different about...
LendIt Fintech USA 2020 is coming to your desktop on September 29 through October 1; it is everything that you...
This weeks PeerIQ Weekly Industry Update covers the power struggle at the CFPB and Lending Club’s new pass through security transaction; a federal judge sided with the Trump administration in the CFPB spat and allowed for Mr. Mulvaney to run the agency for now; Lending Club completed a first of it’s kind deal and in turn will help them to expand the market, lower financing costs, address secondary market liquidity and allows valuation agents to calibrate pricing; PeerIQ also took a deep dive on mortgage delinquencies during the 2008 financial crisis. Source.
In an interview in American Banker, Meiler discusses Marlette’s culture which aims to keep employees informed of the company’s goals; their strategy includes quarterly all-hands meetings with the company’s 100 employees to share what the goals are for the next 90 days; Meiler also shares how the company shifted its focus to profits given the changing environment and how this resulted in $11 million in GAAP profits last year. Source
From 1934 to 2009 there were only two years where bank branches declined and we are now headed towards the...