Japanese e-commerce giant Rakuten first applied for an ILC charter last year before withdrawing the filing and refiling this May;...
LendingHome has reported over $1 billion in mortgage loan originations since it launched two and a half years ago; company is the leading marketplace lending mortgage loan originator in real estate; factors influencing the rapid growth include expansion to jumbo loans and a new investor platform for individuals; active in securitization, it has partnered with Nomura Securities International and developed the industry's first master trust securitization vehicle providing it with ongoing access to the securitization market. Source
The marketplace lending industry began with personal loans and it is still our biggest vertical when it comes to loan...
Lend Academy talks with Prosper's CEO David Kimball in their podcast; David Kimball was previously CFO and became CEO in December; he talks about some of the company's challenges in 2016; provides details on the platform's investors, origination volumes and financing controls; he also discusses the firm's $5 billion investment deal and how it is affecting the business. Source
There has been a lot of discussion in the last few years about blockchain technology and its potential impact on...
The Financial Conduct Authority (FCA) has released their annual Sector Views report; it warned of high-risk retail investments, calling out...
While the government shutdown continues, the impact on federal workers is painfully evident; it is also starting to create serious...
PayPal reported earnings and the company is seeing huge user growth with more than 7 million customers in April alone;...
Akoya is currently Fidelity’s data-sharing arm but now will become its own company, owned by Fidelity, The Clearing House and...
The new API by Fidelity Investments called Fidelity Access will give third parties access to customer data; the idea behind the program is for customers to give apps focused on tax prep, budgeting or portfolio advice access to their Fidelity data; Fidelity believes this will cut down on cyber crime as access will be more secure instead of a user passing along their credentials; they are following a number of other financial institutions who have started similar programs recently. Source.