The head of Funding Circle USA talks small business lending, competition, banks, the SBA, Canada expansion, regulation and more. Source...
A recent report by the Cleveland Fed on online lending has caused quite the controversy over its content; the Marketplace Lending Association said the Fed should retract the report; even TransUnion, whose data the report relied upon, took issue with how they presented the material; “We have no understanding of how the Federal Reserve Bank of Cleveland could have used our data to reach the conclusions they did,” Ezra Becker, SVP at TransUnion, said to American Banker; the Fed stated the terminology used in the report has caused confusion but have yet to retract the report. Source.
As online financial services expand, marketers are seeking new ways to get in front of their customers; Facebook Messenger chatbots are one example and TD Ameritrade is taking full advantage of this source; it has launched a Facebook Messenger chatbot that gives customers instant updates on their portfolios and trades; the firm has worked through a number of security and encryption issues and is now offering one of the industry's leading Facebook Messenger chatbot services. Source
Over 250 investors, entrepreneurs, bankers, and regulators attended the 2019 Fintech for Inclusion Summit to discuss how to expand access...
In the last few years banks have started to retrain employees on how to use various new technologies so they...
A recent report commissioned by Pepper, a 100% mobile bank created by Israel’s leading bank Bank Leumi, claims retail banks are seriously...
Remittance fintech Pangea is launching a bank account tied to their current product due to user based feedback; “It was...
Fintech app Fresh EBT provides food stamp recipients the ability to check their balances in the app; they are becoming...
LendIt is returning to the west coast next year for LendIt USA 2018; it will take place on April 9-11 at the Moscone Center; this year we are focusing on three core areas: lending, digital banking and blockchain; new for 2018 is the BlockFin Summit which will take place in a dedicated space within LendIt; it will cover a wide variety of topics including: enterprise blockchain using digital ledger technology, global finance built on AI and blockchain, tokenized VC and investment banking, blockchain infrastructure for markets, trading, and back office, decentralized banking and insurance, and crypto-economics; early bird pricing ends this Friday, November 3.
From the LendIt Fintech Jobs Board: The Financial Crime department at leading digital bank Revolut is looking for a Senior...