Trade groups that work on behalf of banks and credit unions warned the Office of the Comptroller of the Currency...
Crowdfund Insider compiles a list of responses from fintech firms and how they are handling the current crisis; while fintechs...
Fiserv partnered with TransUnion to use their CreditVision Link software to help asses risk in their auto loan origination system; Fiserv is specifically looking to identify higher risk borrowers as they look to reach more of the underbanked; Steve Chaouki, executive vice-president and head of TransUnion’s financial services business unit, says the integration “enables lenders to score approximately 95% of the US adult population” as reported by Banking Technology. Source.
Goldman Sachs was reportedly launching a bitcoin trading desk back in 2017-2018 when the crypto markets were at their peak...
The online lender has started a new marketing push to highlight new product offering to millennials; the company placed ads over the Thanksgiving holiday on TV and in newspapers with a unique twist on Black Friday. Source
Visa has expanded their contactless payments system for public transport to more than 500 cities around the globe; contactless payments...
Insurtech startup Lemonade raised $120mn led by Softbank with backing from Allianz, Sequoia Capital and Google Ventures; the company has licenses in 25 states across the US and has sold more than 80,000 policies since launch last year; “By combining big data and AI with a seamless user experience, Lemonade is truly revolutionizing the insurance industry,” said David Thevenon, a senior investment professional at SoftBank, to the Financial Times. Source.
AdaPia D'Errico, a prominent executive and marketer in real estate crowdfunding, is departing Patch of Land; CEO Paul Deitch, who was recently brought into the company to help it mature and reorganize, bid D'Errico a fond farewell; she will continue to serve in an advisory role through 2017, while considering future options including other aspects of real estate; she is replaced by Robert Greenberg, who joined the company in August as a marketing consultant. Source
2019 has become a big year for fintech mergers and that trends look to continue for some time; payments in...
BioCatch tracks the behavior of users on websites to gauge whether they are a real customer or a fraudster; they...