Earlier this month FICO announced changes to how they will be calculating credit scores when they release their new scoring...
Blockchain capital is a venture firm focused on bitcoin, blockchain and other crypto projects; according to SEC filings they are raising $150 million between their two funds Blockchain Capital IV and Blockchain Capital Parallel Fund IV; the funds have raised $60 million and $25 million respectively to date; the funds are similar when it comes to deploying capital, but in the parallel fund investors will contribute cryptocurrencies to invest. Source
Nova provides credit scores to immigrants who lack a credit history in the United States; Ken Chenault, the former CEO...
The Office of the Comptroller of the Currency (OCC), a national bank regulator, said yesterday that it encourages financial firms...
Amazon is currently in the early stages of building a new checkout terminal for coffee shops, fast-food restaurants and other...
Kabbage is an online lender in the small business space; today they announced they would not fund “any business that we identify as a seller of firearms or ammunition to individuals under 21 or that sell or manufacture any form of assualt-style weapon.”; according to a written statement signed by the executives, “As parents and leaders of Kabbage we simply cannot imagine the grief of families who too often have been stricken by gun violence like the tragedy in Parkland, Florida. The technology community must work to prevent these horrifying and heartbreaking events from robbing our children of their future.”; Kabbage is also supporting the Parkland survivors’ March 14 walkout and also announced charitable contributions. Source
Europe's PSD2 will require financial institutions to share data with third party service providers creating a new market opportunity for fintech developers with guaranteed account data access; in the US fintechs must still rely on relationship building to secure data partnerships thus making technology development more challenging; American Banker reports on details of a recently formed association that's seeking to make data access easier; the Consumer Financial Data Rights (CFDR) consortium includes 31 data aggregators and fintech companies lobbying for data access solutions and agreements; American Banker also outlines the progress that has been made in data sharing and proposals from the CFDR. Source
Leading European small business lender iwoca has launched a new payments product today; called iwocaPay it is designed to help...
Seats are filling up for the two 50-person Cryptonexus workshops before the 10th annual LendIt USA event in NYC later this month.
Forbes shares the current reality which is that some fintechs will have to sell in order to survive; OnDeck is...