NY based Quontic Bank saw retail deposits grow by 261 percent to $200mn and their retail customer base double in...
After the financial crisis in 2008 there was a sweeping piece of reform that was designed to stop the next...
Massachusetts lender Radius Financial Group has begun experimenting with an all paperless mortgage in recent months as they look to become more efficient in this technological age; the process includes DocMagic, the MERS loan registry, Fannie Mae and Santander Bank; so far they've been able to complete six applications; the savings seen are significant, $200 a loan and on average nine to 13 days by using an e-warehouse line as compared to the traditional warehouse line. Source
Data breaches drive jump in UK financial fraud JP Morgan Head of eCommerce Sees Little Threat from “Payments Disruptors” If...
The list of the Americas’ fastest growing companies highlights 500 businesses and was compiled with the research company Statista; it...
Anthony Noto will become SoFi's CEO effective March 1; American Banker outlines the five challenges that Noto will face as he enters his new role; list includes reforming SoFi’s culture, determining when to go public, deciding how to grow, whether to go forward with a bank charter and proving that he has the right background. Source
LendUp shared today that they had crossed $2 billion in consumer loans; since first beginning in 2012 they have provided...
According to Recode, Mike Cagney is back with a new startup and is pitching to investors such as Peter Thiel and others who backed SoFi; he is reportedly looking to raise around $25 million for the new company which may focus on HELOCs. Source
John MacIlwaine has taken a new role as chief technology officer at Braintree; Braintree is a mobile payments technology company owned by PayPal; MacIlwaine submitted his resignation at Lending Club in December. Source
LendIt Co-Founder and current CCO of Centrifuge, Jason Jones, wrote a guest post on Lend Academy comparing decentralized lending to...