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USA

·Feb. 8, 2017

Citizens Bank Announces New Partnership for Business Owners

Citizens Bank has partnered with the Opportunity Network to provide increased support for business owners; the Opportunity Network is an innovative business-to-business networking platform; it includes 13,500 CEOs and reports approximately $35 billion of deal flow; through the business-to-business platform, businesses can connect with deal support for a number of activities including mergers, acquisitions and new market expansion. Source

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Fintech News Roundup USA

·Aug. 18, 2017

US Data Sharing Debate Continues

Europe's PSD2 will require financial institutions to share data with third party service providers creating a new market opportunity for fintech developers with guaranteed account data access; in the US fintechs must still rely on relationship building to secure data partnerships thus making technology development more challenging; American Banker reports on details of a recently formed association that's seeking to make data access easier; the Consumer Financial Data Rights (CFDR) consortium includes 31 data aggregators and fintech companies lobbying for data access solutions and agreements; American Banker also outlines the progress that has been made in data sharing and proposals from the CFDR. Source

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Fintech USA

·Jun. 17, 2020

Home Improvement Lending Surges During Pandemic

According to a new survey by LightStream 75 percent of respondents plan to pursue a home improvement project in 2020...

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News Roundup Online Lending USA

·Sep. 1, 2017

DBRS Upgrades SoFi Securitization Tranches

Rating agency DBRS has reviewed 12 US SoFi securitization transactions encompassing 36 different classes; the rating agency has upgraded 12 classes and confirmed 24; according to the agency, the confirmed classes are performing within expectations and the credit enhancement levels for the upgraded classes are sufficient to cover their new requirements. Source

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Fintech News Roundup USA

·Mar. 22, 2018

Google Working With Blockchain Technology in Cloud Business

According to Bloomberg, Google is working on its own blockchain technology in their cloud business; the distributed ledger would allow third parties to post and verify transactions and will also offer a white-label product for companies; Google has also been active in acquiring and investing in startups according to the source. Source

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Fintech News Roundup USA

·May. 4, 2020

Lend Academy Podcast: Mayada El-Zoghbi of CFI

There are still three billion people around the world who are left out of the financial system; while many companies...

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Fintech News Roundup USA

·Jan. 14, 2020

Mobile Banking Features Help Big Banks Dominate Amongst Millennials

A 2019 survey by Cornerstone Advisors found that 44 percent of millennials banked with Bank of America, JPMorgan Chase and...

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Fintech USA

·Jul. 29, 2020

Mastercard Partners with Microsoft on Payments Innovation

Mastercard and Microsoft have announced a collaboration around digital commerce, startup innovation and financial inclusion; the collaboration will help Mastercard’s...

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Fintech News Roundup USA

·Jun. 11, 2019

Social Investing Drives Millennial Wealth Management

According to a survey by Bank of America 77 percent of high net worth millennials own or are interested in...

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News Roundup Online Lending USA

·Aug. 7, 2017

LendingRobot Series Returns for the Second Quarter

LendingRobot shares returns for the second quarter; aggregated return for the LendingRobot series was 2.7% year to date; there are currently four risk-based funds in the series ranging from short term conservative to long term aggressive; loans included in the funds are from Lending Club, Prosper, Funding Circle and Lending Home; the series funds are available to accredited investors for investment. Source

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