Random

USA

·Mar. 20, 2018

Twitter Looks to be Next in Banning Crypto Ads

The proposed crypto ad ban on Twitter would block ads related to cryptocurrency wallets, exchanges and ICOs; Twitter would be following Google and Facebook who have already instituted blocks on these ads; the ban would come sometime in the next few weeks and would include exceptions; the bans have been seen as proactive steps to root out scams. Source.

Read Full Story

News Roundup Online Lending USA

·Oct. 26, 2016

Lendio Raises $20mn, Seeks to Enhance Servicing for Online Small Business Loans

Small business loan facilitator, Lendio, has secured $20 million in a financing round led by investment from Comcast Ventures and Stereo Capital; Dave Zilberman of Comcast Ventures will be joining the firm's board of directors following the financing round; the firm seeks to partner with small business lenders in order to help them find the best loan provider for their needs; they currently partner with approximately 75 loan providers; in the third quarter they helped facilitate $63 million in loans for small businesses, an increase of 93% from the third quarter of 2015. Source

Read Full Story

Fintech News Roundup USA

·Sep. 18, 2017

Former SEC Head Arthur Levitt Says SoFi Lost Their Chance of Becoming a Bank

Arthur Levitt, former Chairman of the Securities and Exchange Commission, says the recent scandal at SoFi has cost them approval of their special bank charter; he tells the FT, “So for a company as aggressive as SoFi, I think the chances of that happening were slim. Now they become almost impossible.” Source

Read Full Story

Fintech USA

·Jun. 4, 2020

Webull Prepares String of Product Launches to Compete with Robinhood

The volatility in the stock markets has put stock trading apps at the forefront of fintech in recent months; Robinhood...

Read Full Story

Fintech News Roundup USA

·Jun. 25, 2019

Cross River Buys Seed for On-Boarding System

Cross River has agreed to buy Seed for an undisclosed amount to improve their on-boarding system; “The technology is very...

Read Full Story

Fintech News Roundup USA

·Mar. 22, 2018

Google Working With Blockchain Technology in Cloud Business

According to Bloomberg, Google is working on its own blockchain technology in their cloud business; the distributed ledger would allow third parties to post and verify transactions and will also offer a white-label product for companies; Google has also been active in acquiring and investing in startups according to the source. Source

Read Full Story

Fintech News Roundup Real Estate USA

·Mar. 23, 2017

Unison Leading the Way for a New Era of Home Ownership Affordability

Lending Times reports on the business model created by Unison to improve the affordability of home ownership in the United States; the firm has developed two main products, a HomeOwner and HomeBuyer product, that are based on an investment model rather than a lending model; as a real estate investor the firm provides capital for borrowers and shares in the gain or loss of the real estate property's value; Unison and other innovative real estate businesses participated in a panel at LendIt USA 2017 titled, "The New Era of Buying & Selling a House" sharing further insight on how fintech innovation is evolving in residential real estate. Source

Read Full Story

Fintech News Roundup USA

·Nov. 16, 2017

OCC Softens in Republican Lead Government

The Office of the Comptroller of the Currency (OCC) has shifted back to a softer stance since the Trump administration took office; according to the New York Times the agency is using directives from the interim head to ease back regulations enacted during the Obama administration; the move is part of a wider push to set back financial regulations that some say have hurt banks in recent years. Source.

Read Full Story

Fintech News Roundup USA

·Mar. 1, 2018

PeerIQ Launches Consumer Credit Suite Backed by TransUnion Data

Online lending data and analytics platform PeerIQ announced their latest offering, a consumer credit suite backed by TransUnion data; the suite includes TransUnion’s depersonalized consumer credit data from the year 2000 to present day; users of the suite can see credit trends, vintage analysis, benchmarking analysis and more. Source.

Read Full Story

Fintech News Roundup USA

·May. 1, 2020