Kabbage’s latest product offering is available for Kabbage Payments customers; loans are available for as short as 3 days and...
Many Americans are taking a new look at their personal finances and are increasingly looking to popular fintech applications; Chime...
The report will be released on a quarterly basis going forward and will look to cover credit performance trends; highlights of the report include continued credit re-normalization across all major lending groups and consumer installment lenders are not anticipating an increase in loss rates; they also cover the shift in the competitive landscape where more banks are investing heavily in tech and that the US consumer is quite healthy right now. Source.
The new feature is open to Premium and Metal customers at a time when the price of gold has recently...
Bank of America has filed over 20 blockchain and cryptocurrency-related patent applications since 2014; recent applications include the use of blockchain as a distributed database supporting the flow of certain actions; other patents involve the control of data, information verification, peer-to-peer payments and the protection of a generic cryptocurrency. Source
Kabbage shared today that over 110,000 small businesses have been approved through their platform totaling $3.5 billion; Kabbage is an...
German based savings marketplace fintech Raisin has acquired US software company Choice Financial Solutions to help the startup launch in...
HSBC has launched Face ID in 24 countries to allow clients to log into the HSBCnet app; HSBC is becoming...
Consumers have submitted hundreds of complaints about the p2p payments app because they are unable to sign up or access money that was sent to them; the reason behind the issues is Zelle’s security structure is very similar to that of a bank; if something doesn’t match perfectly or the users bank is outside the Zelle network then its possible they will not be able to sign on; Zelle initially launched inside their bank network only, but in September they launched their stand alone app and thats when the issues began; the company is looking at improving the process but says they will not compromise their security. Source.
Wage advance fintech Earnin has started to shift their focus to employers in a bid to reach more consumers; companies...