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USA

·Mar. 6, 2017

Vetary.com Expands Services through Partnership with FinWise Bank

Vetary.com provides an online healthcare marketplace and financing service for pet care; the platform is managed by FinRise and the business has announced a partnership with FinWise Bank that will help expand and enhance the service offerings on Vetary.com; through the partnership pet owners can apply for financing from their mobile devices and veterinarians can offer financing solutions at the point of sale; the platform also says its loan applications can be processed in minutes with funds available for use immediately. Source

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Fintech News Roundup USA

·Dec. 5, 2017

Lend Academy Article: LendingClub Introduces New Certificate Investment Vehicle

Last week LendingClub closed a whole loan transaction structured as a tradable, pass-through security called a CLUB Certificate; Lend Academy reached out to LendingClub to find out more and shares what benefits this structure has for some investors. Source

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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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News Roundup Online Lending USA

·Jan. 25, 2017

CFPB to Investigate Tribal Lenders

The Consumer Financial Protection Bureau was approved to investigate the activities of Indian tribe lenders; the online lenders under investigation will be Great Plains Lending, MobiLoans and Plain Green; the lenders are providing credit to a range of borrowers outside of their Indian tribes; they are claiming sovereign immunity because of their status as Indian tribes. Source

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Fintech News Roundup USA

·Feb. 12, 2020

The 2020 Forbes Fintech 50

Every year Forbes gives us insight into fintech companies with their Fintech 50 list; 2019 was a huge year for...

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Fintech News Roundup USA

·May. 30, 2019

Vanguard Leveraging Blockchain to Pull Index Fund Data

Forbes reports that Vanguard is leveraging blockchain technology to ingest data on mutual funds totaling $1.3 trillion of their $5.2...

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Fintech News Roundup USA

·Apr. 15, 2019

US Bank Hires First Chief Digital Officer

Derek White who previously worked for BBVA and Barclays will be joining US Bank as chief digital officer and will...

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News Roundup Online Lending USA

·Aug. 29, 2017

Chart of the Week: Lending Club and Prosper’s Q217 Originations

Consumer lenders Lending Club and Prosper are reporting growth in originations; for the second quarter Lending Club loan originations reached $2.1473 billion, increasing 10% from the previous quarter and the second quarter of 2016; Prosper originated $774.7 million worth of loans in the second quarter of 2017, an increase from $586 million in Q1 and $445 million in the second quarter of 2016; both companies had high Q1 2016 originations which has kept first half 2017 totals down in comparison to 2016. Source

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Fintech News Roundup USA

·Jan. 5, 2018