New York Fed’s Center for Microeconomic Data recently released their quarterly report on household debt and credit; in Q4, household...
Steve McLaughlin has a wealth of knowledge when it comes to M&A in fintech, having advised on many deals in the space; he founded his firm FT Partners when he was 32 years old; according to data from KPMG, M&A was down in 2016 by 68% compared to 2015; McLaughlin shares his thoughts on what has contributed to the decline and where the industry is going from here; believes that the ability for companies to raise financing rounds has contributed to the lower amount of M&A deals; many companies in fintech are also fairly young when it comes to the earnings which makes M&A not as attractive to banks; McLaughlin also talks about the deals that have occurred in fintech and the sectors that are hot in 2017. Source
Forbes shares the four lenders that have made the Forbes Fintech 50 list for 2019; the list included well established...
The Linux Foundation has agreed to acquire the Fintech Open Source Foundation (FINOS) and will allow the group to operate...
Banks have clearly jumped in on the p2p payments wave as many have embraced Zelle, which launched with a consortium...
While there have been many false starts, the market for P2P payments is finally taking off in this country; two-thirds of...
American Banker reported on the mixed results of a SourceMedia survey of individuals in the banking, payments and mortgage sectors about the MeToo movement; most respondents said it would impact their industry in some capacity, though they were split on whether the impact would be positive or negative; there was a clear divide on gender lines as most women thought changes would be positive, men respondents mentioned false accusations and some brushed it off as not a big issue; there is some concern that this could force men to hire less women and not mentor women in the workplace for fear of being accused; clear workplace guidelines and a more diverse executive team could bring about real positive change; the MeToo movement is clearly forcing a lot of industries to rethink how they structure their workplace for all employees. Source.
Mortgages are one of the last lending products to become fully digital as the process represents quite the challenge to...
In his weekly Forbes column Ron Shevlin assesses what has changed in fintech over the past few months and what...
The Office of the Comptroller of the Currency (OCC) released its fintech charter in March; many state regulators oppose the charter saying the OCC doesn't have the authority to offer the charter and that the charter is dangerous, unnecessary and violates state sovereignty; Brian Knight from the Mercatus Center at George Mason University discusses these arguments and how state legislation may evolve with the introduction and debate of the fintech charter. Source