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USA

·Aug. 16, 2017

Credible Announces Alan Gellman as Its Chief Marketing Officer

Gellman is the firm's first chief marketing officer; he joins the firm from Esurance and also has experience at Wells Fargo; Credible is a personal finance marketplace that provides offers for student loans and personal loans; in July it also announced a credit card marketplace; Gellman will help the platform expand its business and continue to focus on supporting its customers. Source

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Fintech

·Mar. 21, 2023

Fintech Nexus Industry Awards show returns to NYC

The illustrious awards ceremony, with a star-studded list of nominees, will be held in New York at the end of Fintech Nexus USA.

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Fintech News Roundup USA

·Mar. 22, 2019

Community Banks Must Be Careful to Not Over Automate

Deciding what new technology works best is a struggle that community banks are continuing to work through as they try...

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Fintech News Roundup USA

·Nov. 29, 2017

Equbot’s Watson Powered ETF

Equbot has created an AI Powered ETF (ticker: AIEQ); it analyzes massive amounts of data to create a portfolio of 30-70 stocks; some of the data sources include regulatory filings, quarterly news releases, articles, and social media posts; a major difference of the fund is that the bot’s methodology can be explained; the fund launched on October 18, 2017 and has about $70 million in assets. Source

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Fintech News Roundup USA

·Jan. 31, 2018

Big Financial Services Firms Building Robo Advisors to Compete

Wells Fargo, Morgan Stanley, JPMorgan Chase and others have launched or will launch their own robo products to compete with slicker startups; after seeing the success of startups in the space the banks realized they needed to improve their offerings to keep customers and attract newer, younger ones; the trend to move away from white labeling technology to building their own is a recent one as some traditional players like UBS, State Street and John Hancock are still using services from SigFig, Motif or NextCapital. Source.

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Fintech USA

·Jun. 1, 2020

Goldman Sachs Says Cryptocurrencies are not an Asset Class

Goldman Sachs was reportedly launching a bitcoin trading desk back in 2017-2018 when the crypto markets were at their peak...

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Fintech News Roundup USA

·Sep. 15, 2017

Lend Academy Article: CFPB Announces No-Action Letter to Upstart

The no-action letter shows that the CFPB is open to alternative data being used to expand access to credit data; Upstart will report lending and compliance information to the CFPB to mitigate risk to consumers and aid in the Bureau’s understanding of the real-world impact of alternative data on lending decision making; the no-action letter relates to enforcement of the Equal Credit Opportunity Act and Regulation B; Upstart shares in their application how powerful using data points outside of just credit reports is in reducing borrowing rates. Source

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News Roundup Online Lending USA

·Nov. 10, 2016

StreetShares and JPMorgan Partner to Help Military Veteran Business Owners

StreetShares is a marketplace lender focused on lending and investing for veterans; company has announced partnership with JPMorgan to launch the StreetShares Foundation which will promote veteran-owned businesses through a $10,000 monthly contribution from JPMorgan for veteran small business awards; StreetShares will manage the monthly veteran small business awards with the $10,000 divided between first, second and third place businesses each month; awards will be given based on public voting. Source

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Fintech News Roundup USA

·May. 28, 2020

OnDeck Shares Early Progress in Borrower Behavior

OnDeck shared a mid-quarter update to investors and the outlook isn’t as bleak as previously thought by many; OnDeck has...

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Fintech News Roundup USA

·Mar. 22, 2017

Video of the Week: How the Trump Administration Views Fintech

The market has currently slowed gains as speculators await more details on Trump administration policies; the Justice Department has taken its stance on the Consumer Financial Protection Bureau's appeals court hearing in May and it seems the next big announcement from the Trump administration regarding fintech is the appointment of the next comptroller; at LendIt USA 2017 Amias Gerety gave some insight on how the Trump administration views fintech and current themes in government fintech debates. Source

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