European challenger bank Revolut announced today that it will enter the US market with crypto trading services through a partnership...
APIs combined with banking has become an important topic for banks and fintech companies; we are seeing increasing interest in APIs as every bank has to have an API or open banking strategy; since APIs often need to be built on legacy infrastructure there are often many challenges involved; the panel has a wide variety of perspectives from API service providers to banks who share how to build APIs on traditional banking technology. Source
Bank of America says it will invest $1.5 million in a Charlotte fintech initiative over the next three years; the investment is the first for the city from a financial services company; regarding the investment, Cathy Bessant, Bank of America's chief operations and technology officer, said: "Charlotte has proven to be a place where a sustainable company can be founded, emerge and grow. Fintech is a significant, new opportunity for Charlotte that connects our strong finance and technology infrastructure with innovatively minded people, creating tech jobs and new paths to economic mobility."; Charlotte Mayor Jennifer Roberts is expected to publicly announce more details on the initiative in the next few months. Source
Prosper originated $2.9 billion in 2017 and now has surpassed $11 billion in total loans. Source
JP Morgan has frozen hiring across most of the bank; managers have been asked to review job postings and remove...
OakNorth Bank has taken the top spot on the FT’s annual list of the 1,000 fastest growing companies in Europe;...
CommonBond is receiving $750 million in lending capacity from Barclays, BMO, Citibank, Goldman Sachs and ING; CEO David Klein commented...
Digital bank Aspiration has created a new spend & save account which is similar to a high yield checking account;...
Allen Webb of RiverNorth talks about the firm's marketplace lending fund; gives an overview of the portfolio selection criteria; talks about the fund's structure and some of the liquidity challenges presented by marketplace loans; says the firm is planning future webinars to educate investors on the fixed income investment.
It is not very often that there is an intersection between alpacas and fintech but we learned today that Monzo...