International payments network Swift has created their alternative to blockchain which they believe is a better, more reliable solution; global...
Messaging app Symphony will be integrated into OpenFin’s platform in hopes of creating a competitor to Bloomberg; “By enabling Symphony to run on the OpenFin operating system, we are making it easy for our mutual customers to unify the Symphony desktop experience with their other OpenFin-based apps," Mazy Dar, chief executive of OpenFin, said as reported by Business Insider; with the integration they are hoping to create a lower cost product and eat into some of the dominance that Bloomberg has over the market. Source.
Online lender SoFi closed their 12th securities for $769mn of private student loan notes; total issuance in 2017 reached $6.9bn which was up from $4.2bn in 2016; the deal featured 38 investors and joint lead managers were Morgan Stanley, Bank of America Merrill Lynch, Credit Suisse and Goldman Sachs; SoFi is in the top ten of ABS issuance in 2017 as they continue to utilize the markets better than any other online lender. Source.
Payments leaders PayPal and Square have both found the current crisis to be a challenge and a boost to their...
Banks have spent billions in the last few years on speeding up payments so customers can gain access to money...
In their latest installment of Confessions TearSheet sits down with a fintech CEO who worked as a Wall Street trader...
Speaking at a conference on Wednesday, Wells Fargo CEO Tim Sloan stated, “Personally I think blockchain has been way oversold…By...
Stock option financing startup SecFi has raised $550mn from Serengeti Asset Management; SecFi is a platform that allows workers to...
In their fifth biweekly performance report dv01 analyzes the latest performance data for the online lending sector as well as...
Many people thought, including your LendIt editors, that the $310 billion allocated for the second round of the Paycheck Protection...