While most banks have spent the better part of the last few years figuring out how to improve their technology...
Climb Credit is taking a different approach to lending to college students, taking into consideration the ROI on a degree;...
BBVA Compass and the Opportunity Finance Network are teaming up to identify and increase training for 25 leaders in community lending through an Opportunity Fellows Program; BBVA Compass is a leading banking franchise with 668 branches mainly in the US sunbelt; Opportunity Finance Network is an association of community development financial institutions (CDFIs); the chosen Fellows will receive six days of training through early 2017 on themes including financial innovation and financial inclusion; applications open mid-November 2016; cost is not specified but appears to be complimentary or highly-subsidized for the leaders given the opportunity to participate. Source
Last week LendingClub closed a whole loan transaction structured as a tradable, pass-through security called a CLUB Certificate; Lend Academy reached out to LendingClub to find out more and shares what benefits this structure has for some investors. Source
Many staff members at the challenger banks are working from home with Starling and Revolut opting to split staff between...
Lantern Credit has appointed John Mack as its new chairman of its board of advisors; the company works to provide credit solutions for inefficiencies through its technology platform; Mack brings experience from roles as chairman and CEO of Morgan Stanley, co-CEO of Credit Suisse Group, CEO of Credit Suisse First Boston and various other roles on corporate boards including Lending Club. Source
Fintechs around the world are feeling the pain of the ongoing crisis, especially when it comes to funding; companies who...
Greenhouse, the new Wells Fargo banking app, will offer customers a new mobile banking experience to help manage finances; users will be able to manage their money and have the ability to send and receive payments; Crowdfund Insider reports Avid Modjtabai, Head of Payments, Virtual Solutions and Innovation at Wells Fargo said at an industry event, “We believe the Greenhouse experience will appeal to a broad base of consumers, many of whom have several income sources or are paid infrequently, which can make budgeting a challenge.” Source.
Join LendIt for a webinar about blockchain technology and how it can streamline operations for wealth managers and insurance back office operations; register here for the August 14 webinar at 2:00 PM EST; presenters include Jayant Khadilkar, global head of analytics and technology at Tiger Risk, and Ryan Rugg, business development at R3. Source
PayPal participated in Tink’s $90 million funding round which was announced back in January; to go along with the investment,...