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USA

·May. 18, 2020

Investors Discuss the Future of Proptech

Business Insider reached out to seven investment firms to ask about winner and losers in the proptech market; Bain Capital...

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Fintech News Roundup USA

·Apr. 28, 2020

Stripe Announces Three Major Upgrades

Payments fintech Stripe announced three major upgrades to their payments platform to help users increase revenue, direct connectivity to major...

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Fintech News Roundup USA

·Oct. 25, 2016

Bank of America Launches AI Bot for Financial Wellness

The new digital assistant is launching inside the Bank of America mobile app next year and will be named Erica; the bank is looking for the tool to help customers better understand their spending habits and offers different ways to stay financially fit; Erica will use artificial intelligence and predictive analytics to help customers make payments, check balances, save money and pay down debt. Source

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News Roundup Online Lending USA

·Apr. 6, 2017

Online Lenders Battling Colorado over 12% Rate Cap

Avant and Marlette Funding are battling state law in Colorado; the state has a 12% rate cap for consumer loans and both lenders advertise loans that exceed that limit; both partner banks that work with the online lenders have filed lawsuits against Colorado claiming the interest rates they charge are acceptable by federal law because of the charters they hold from their state. Source

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Fintech News Roundup USA

·Feb. 27, 2019

SoFi Partners with Coinbase For Crypto Trading

The fintech company is partnering with crypto exchange Coinbase to allow their members to purchase cryptocurrencies; it is expected to...

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Fintech News Roundup USA

·Aug. 17, 2017

Personal Finance App Personal Capital Tracking $5bn

Personal Capital is a free app that allows individuals to track their financial life by connecting accounts including bank accounts, credit cards and investment accounts; the app is now tracking $4.9 billion and according to their CEO, Jay Shah, their customer base is increasingly affluent; the company upsells their app users on financial advice and is providing a dedicated financial advisor if users have over $200,000 of investable assets; Shah answers several questions in an interview with Business Insider including their pitch to users, who their paying users are, why he thinks users will pay for the service and where the company is headed. Source

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Fintech News Roundup USA

·May. 7, 2018

Lend Academy Podcast: Frank Rotman of QED Investors

The Fintech Junkie talks about his new white paper, The Copernican Revolution in Banking which discusses what banking will look...

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Fintech News Roundup USA

·Apr. 20, 2020

iBuying Comes to a Screeching Halt

The current crisis is testing a lot of industries and iBuying has become one of the hardest hit with the...

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Fintech News Roundup USA

·Feb. 8, 2018

Attractiveness of Point of Sale Financing

Recent research shows that younger consumers are uncomfortable with carrying credit card balances; consumers are more comfortable with products like personal loans that are more transparent and easier to understand; there has been an increased interest in point of sale financing; one company driving this trend is GreenSky which partners with banks to fund loans; the proportion of consumer loans going to point of sale financing has increased significantly at banks that partner with GreenSky including Regions, Synovus and Fifth Third. Source

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Europe Fintech News Roundup USA

·Mar. 27, 2019