A proposed settlement in the Madden vs Midland case has been filed that would provide $9.8 million in cash and debt...
Bitcoin has increased over 550% this year and many firms are taking an increased interest in the cryptocurrency; CME Group launching futures contracts for bitcoin is just one example; the WSJ looks at what futures contracts for bitcoin will potentially mean for the market. Source
The options for banks to compete in a changing financial services landscape are to either build, buy or partner; while we have seen a number of banks build their own technology or partner with fintechs, there has yet to be significant acquisitions in the market; an article in Tearsheet highlights how few purchases banks have made and how that compares to the amount of investments in fintech companies. Source
James Garvey is the CEO and Co-Founder of Self Lender, a company taking a unique approach to help consumers build...
Some of the biggest banks have started to invest greater resources in quantum computing as they hope the technology is...
FastPay and Tennenbaum Capital partnered to provide an $80 million credit facility to leading global converged TV and video software provider Videology; Scott Ferber of Videology explains: "The facility provides the additional liquidity we need to expand our business further and faster — so important in such a quick moving, high growth space. We are fortunate to be working with this great team."; having FastPay and Tennenbaum partner to provide the financing allowed for the facility to occur with unprecedented speed and efficiency. Source
In a press release this week, marketplace lender, SoFi, provided more details on its partnership with Protective and announced the launch of a new term life insurance offering for millennials; product provides life insurance for up to $1 million and features a 20 minute application and approval process. Source
Randall Quarles, vice chairman for supervision at the Federal Reserve made recent comments about taking a fresh look at regulations; He stated, “History has shown us that, it’s not just a question of where has the risk that we knew moved, but what new risks are developing? I think that in the regulated area … we ought to be looking at what the implications of the growth of fintech ... I think we ought to be looking at cyber, obviously.” Source
The National Restaurant Association has asked Congress to mandate the reduction of credit card interchange fees during the current crisis;...
There is a prevailing thought in the fintech market that millennials hate big banks and are open to giving their...