“The COVID-19 pandemic has been defined by speed,” claims Acxiom Market Pulse, which attempts to reflect and analyze the changes...
The Debt Exchange notes how US regulators are flagging some concern with commercial real estate investment concentrations, even as pricing shows steady demand for properties; regulators are finding bank ratios of commercial real estate loans to total risk-based-capital are approaching 300% in certain property markets (300% is possible through leverage) and loan-to-deposit ratios are approaching 100%, both flags on the risk side; the article notes that loan sales, to private investors as well as through securitizations, are an effective way to reduce these ratios. Source
A new startup that allows for ordinary people, with a focus on millennials, to trade options has received early backing...
Revolut is keeping an eye out for potential acquisitions with the help of their recent $500 million round; with many...
HouseCanary is a provider of real estate analytics; the company has looked at 41 states with the highest listing and...
BBVA and digital business account provider Azlo struck a partnership that focuses on freelancers; with the freelance worker trend increasing the bank is looking to position themselves to better serve the market; BBVA invested in and helped incubate the company through their New Digital Businesses unit; this is part of a wider trend at the bank to help innovation, both inside and outside the bank itself. Source.
PayPal’s CFO John Rainey said 11 percent of the company’s 60 million customer inquires could be automated; the types of...
eOriginal has added Ron Suber, Prosper Marketplace president, to its advisory board; the digital transaction document management company has been steadily expanding its business in the marketplace lending market; Ron Suber will help support the company's growth as an advocate for its unique digital documentation products also advising the company on the marketplace lending market overall; eOriginal is currently growing and expanding, also adding Jon Barlow, founder and former CEO of Eaglewood Capital Management, to its advisory board and raising $26.5 million in a recent funding round. Source
In this week’s PeerIQ Industry Update they cover the uncertainty from the recent Fed meeting about whether or not there...
Fundbox has hired Marten Abrahamsen, a former investment banker to fill the CFO role at the fintech company; Fundbox provides...