Ernst & Young’s Sean Viergutz sat down with the TearSheet podcast to discuss their Open Banking Opportunity Index; the report...
Ron Shevlin takes a deep dive into the new small business lending partnership announced last week between Amazon and Goldman...
In a week where LendingClub posted their first quarter earnings sending their stock up by more than 25% an activist...
Supreme Court strikes down CFPB leadership structure Experian’s Rob Haslingden: “Open Finance has the potential to fuel the growth of...
Hybrid digital wealth management firm Personal Capital now has $5 billion of assets under management (AUM) after accelerating growth with $2 billion in AUM added in 2017; Jay Shah, CEO of Personal Capital, tells Robo Advice News, "For investors with complex financial lives or for those who are just too busy to manage their own investments, we take the time and worry out of building an investment strategy."; new investors now invest $395,000 as compared to $289,000 since the start of the year, a 37% increase; the company has also launched a number of new features and closed a $40 million Series E round. Source
American Banker shares several blockchain projects underway in financial services; Includes JPMorgan Chase’s open source ledger Quoram and initiatives from Northern Trust, ING and the DTCC; while there is a lot of interest in blockchain technology many initiatives aren’t in production; various perspectives are shared in the piece as to why adoption hasn’t taken off. Source
Financial health startup Even has launched an automated savings tool to help users save for up to three goals; “This...
Consumer lending Platform Affirm is looking to move beyond lending and into the financial advice space; currently Affirm works with retails to offer consumers a credit option when making a purchase; they are exploring ways to help customers better understand their debt and offer a way to help them reduce interest payments; Affirm has lent over $1bn to date Source.
Venmo continues to pay dividends for PayPal with the p2p payments app growing payments volume by 56 percent in the...
Online solar lender Wunder Capital has raised $112mn, 90 percent of which is debt with 10 percent being equity; Cyrus investments led the capital infusion and Wunder chief executive Bryan Birsic said, “The debt component is going to blow out the lending opportunity.” Source.