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USA

·Feb. 23, 2017

Throwback Thursday: GAFA and Financial Services

Google, Amazon, Facebook and Apple (GAFA) have significant market share and a massive influence; given the needs and demands of consumers it seems likely their services will more broadly integrate fintech offerings in the near future; all four companies have taken some steps to offer financial services and industry analysts are watching them closely for new announcements. Source

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News Roundup Online Lending USA

·Apr. 20, 2017

Throwback Thursday: Renaud Laplanche is Back with a New Consumer Lending Platform Called Upgrade

Renaud Laplanche launched his new online lending firm at the beginning of April; Upgrade raised $60 million for its launch and is reportedly valued at $168 million; the company will compete directly with many unsecured consumer lenders offering loans from $2,000 to $50,000; a key part of the offering will be a mobile app to help borrowers manage their finances which has yet to be released. Source

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News Roundup Online Lending USA

·Mar. 23, 2017

Throwback Thursday: Sasha Orloff on the Nonprime Lending Opportunity at LendIt USA 2016

Alternative credit underwriting and new data solutions for broadening credit underwriting have been emerging themes in recent quarters; the Consumer Financial Protection Bureau is currently researching alternative data underwriting and many fintech companies are developing new solutions for broadening credit availability and reaching more thin file borrowers; Sasha Orloff from LendUp discusses some of the important factors for consideration in broadening credit availability in his presentation at LendIt USA 2016 highlighting some of the initiatives that are currently developing in today's market. Source

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Fintech News Roundup USA

·Apr. 30, 2020

Tide Offering New Features, Including Peer to Peer Lending

Tide currently has 150,000 small business accounts; now small businesses will get access to new features such as overdrafts made...

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Fintech News Roundup USA

·Mar. 17, 2020

TikTok Could Soon Make its Way to Fintech

TikTok has fast become one of the most popular apps in the world and is said to be valued at...

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Fintech News Roundup USA

·Feb. 5, 2020

TikTok Emerges as Efficient Acquisition Channel for Tally

Fintech startup Tally has started to see big success in advertising on TikTok which has allowed the company to more...

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Fintech News Roundup USA

·Jan. 26, 2018

Tim Draper on Usage of Bitcoin

Tim Draper spoke at the event Blockchain Connect Conference today; he stated, “In five years, if you go to a Starbucks or McDonald's and try to buy a burger or coffee with fiat currency, the person at the counter is going to laugh at you. There's a real need for a currency that's global.”; Draper was an early backer in companies like Skype and Baidu; his interests have since turned to bitcoin and ICOs. Source

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Fintech News Roundup USA

·Mar. 8, 2018

Tim Draper’s Bold Prediction on Cryptocurrencies

Tim Draper was an early investor in the internet and is also a big believer in blockchain technology; in an interview on Fast Money he shares that he believes that crypto will be a main payment method in just five years and that none of us will be using fiat currency; Draper is known for purchasing 30,000 bitcoins in a 2014 US Marshals Service Auction and has said he still holds all of those coins. Source

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Fintech News Roundup USA

·Apr. 2, 2018

Tongueprinting Becomes New Biometric Authentication Method

Anti-fraud and authentication specialist Pindrop has unveiled a new method for users, toungueprinting; tongueprinting is meant to stop fraudsters from taking over legitimate accounts by spoofing the call centre with automated bots, social engineering, and knowledge-based authentication questions according to Finovate; Vijay Balasubramaniyan, CEO and cofounder of Pindrop, tells Finovate: “Tongueprinting not only adds an extra layer of security and authentication, it increases the opportunities to generate additional antibodies leading to a healthier user over time.” Source.

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Fintech News Roundup USA

·Jan. 2, 2018

Top 10 Initial Coin Offerings of 2017

Business Insider takes a look back at one of the biggest trends in finance from 2017; Initial Coin Offerings or ICOs have become one of the main ways for companies in the blockchain space to raise capital; more than $3.5bn was raised using this method; some of the top raises include $153mn by The Bancor Protocol, $232mn by Tezos and $257mn by Filecoin. Source.

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