Truist Financial unveiled their new brand which the bank hopes will represent personal touch and their technology offering; Truist Financial...
Originally coined by Forrester in 2015 journey analytics has become a big buzzword in financial services; the term refers to...
Jay Clayton's statements suggest that firms using ICOs may need to register them with the SEC; he stated in a speech on Wednesday, "I have yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security."; there have been more than 160 ICOs to date which have raised over $3 billion. Source
Personal Capital is looking to compete with banks offering high yield accounts; the new offering called Personal Capital Cash offers...
PeerStreet is a platform founded by Brew Johnson? and Brett Crosby; initially launched to take advantage of inefficiencies in the real estate market, the platform has grown to service a wide range of accredited investors; the platform has originated over $200 million in real estate loans; it attributes its success to the platform's focus on short-term, first position lien loans, and a robust legal and compliance team; Brew Johnson will be speaking at LendIt USA 2017 on a panel discussing "Residential & Commercial Real Estate: What's next for real estate crowdfunding?" Source
CME Group announced today that they plan to offer bitcoin futures by the end of the year which is a change from what they said just a month ago; others like Cboe Global Markets said earlier in the year it plans to do the same by early 2018; the move by exchanges will open up the bitcoin market to professional traders and institutional investors. Source
The worst week in SoFi‘s history is coming to an end. The company announced today that Mike Cagney has stepped down as CEO effective immediately. This follows the news on Monday that Cagney would be stepping down as CEO by the end of the year. But the bad news this week kept escalating and the board decided it needed to take action now. Source.
Julieann Thurlow of Reading Cooperative Bank saw the SoFi Super Bowl ad last year and decided to try out the lender as she watched the ad, she received a loan in a few minutes; her reaction set off a chain of events where she is now looking to accelerate her own bank's innovation to keep up with online lenders like SoFi; her reasoning is that these new entrants will begin to eat into their customers unless their technology is on a comparable scale; they now have a mobile experience where you can open new accounts and she is looking to have a mobile mortgage application live in the next year; she now attends innovation events and is looking to help their customers move into the digital age with the bank. Source
A recent report commissioned by Pepper, a 100% mobile bank created by Israel’s leading bank Bank Leumi, claims retail banks are seriously...
Payment provider Klarna has turned to famed raper Snoop Dogg to be the face of a major campaign called “Get...