Researchers at the Federal Reserve Bank of San Francisco said the CME Group’s decision to list bitcoin futures has caused...
According to researchers from the Federal Reserve and University of California, non-bank mortgage lenders are not prepared to weather a financial downturn and are a risk to taxpayers; According to the paper, “Non-bank failures could be quite costly to the government, but this issue has received very little attention in the housing-reform debate. The funding and operational structure of the non-bank mortgage sector remains a significant channel for systemic liquidity risk.”; non-bank lenders originated half of home loans in 2016. Source
Marketplace loans are attracting increased investment interest from all types of investors and specifically retail investors because of their low minimum investments and ease of access; Forbes outlines the industry's tools for platform diversification and aggregation in their article; featured platforms include NSR Invest, LendingRobot, BlueVestment and PeerCube. Source
Lending Club's fourth quarter earnings release showed a decrease in investment from retail investors; the decrease follows an increased focus from the company on banks and institutional investors as the company seeks to regain credibility following issues in 2016; while originations have remained fairly steady over the past three quarters, the percentage of investment from institutional investors increased to 74% in the fourth quarter. Source
Following the financial crisis many financial institutions scaled back on their debit card rewards programs; for some fintechs though this...
The Wall Street Journal reviewed documents for 1,450 digital coin offerings and found a litany of problems; they found 271...
P2P Lending Expert reviews The Worthy Bond which is a new investment option created under Reg A+; the investment pays 5% annually and has a $10 minimum investment; Worthy invests in asset-based loans. Source
American Banker takes another look at 7 failed fintech ideas that might have been thought of too early; the ideas include Blippy’s social payments, Pay By Touch’s point of sale hardware, Cybercash by Beenz and Digicash by Flooz, the early days of mobile payments and more; with fintech being as fast paced as it is today new innovation is happening more now than it ever has been. Source.
Rumors were circulating that Revolut was facing financial problems related to the coronavirus; Revolut has responded to the claims with...
On the heels of their most recent fundraising digital only bank Revolut has added former Goldman Sachs Executive Michael Sherwood...