Writing in TechCrunch, Tally CEO Jason Brown talks about the key to competing against the banks as they try to...
While coronavirus is causing turmoil throughout global markets and businesses there could be some unintended benefits; MoneyGram’s FastSend could find...
SoFi originated $12.9 billion and sold more than $2 billion in loans in 2017; Ashish Jain, senior vice president of capital markets provides some insight into how hard the team worked to ensure their success in 2017 stating, “We were willing to do calls at any hour, to assure them the quality of product was high, and that there weren't any issues on these loans they were buying. Synovus and Citizens were among the banks that bought SoFi loans last year.”; Jain reports that all of their investors are still buying and they have brought in new investors after Mike Cagney left the company. Source
Banks are starting to see the reward for offering advice through digital channels with the results of a new survey...
No longer a niche market, gig economy workers are expected to represented 50% of the workforce in the US by...
In the early days at Charles Schwab Corp. the company was seen as a discount broker for amateurs and was...
Andreessen Horowitz is looking to raise $450mn for their second cryptocurrency fund after raising $350mn for their first fund in...
Several online small business lenders that we have spoken with this week are seeing record requests for credit as small...
Cambridge, Massachusetts-based artificial intelligence (AI) platform Kensho has built a solution that can successfully predict market trading and is receiving significant attention from Wall Street; its AI-powered platform helped the company identify currency trends following Brexit that resulted in substantial gains from trades against the British pounds decreasing value; the company has announced a new partnership with S&P Global and has received investment from Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Citigroup, Wells Fargo, General Catalyst, Breyer Capital and Google Ventures; the firm is led by Daniel Nadler, a Harvard trained Ph.D; its new partnership with S&P Global Market Intelligence will supply new data feeds to power its AI analysis and support its numerous solutions including the Kensho Global Event Database and Kensho's Knowledge Graph; the business is expected to become integrated with Wall Street's mainstream banks, emerging as one of the market's leading solutions for AI-powered trading. Source
HouseCanary is working to provide better real estate property valuations through its fintech services; uses machine learning and algorithms to analyze data and identify home values; the company has reported a funding round with $33 million in new capital from investors including Eric Schmidt and Kobe Bryant. Source