Opportunity Fund is a nonprofit small business lender and Accion US Network leads a nationwide network of community lenders; together...
AirFinance has helped to expand marketplace lending capabilities in the aviation finance market through a recent launch of FlyFunder: a closed-network connecting financiers, investors, used aircraft brokers and aircraft developers.
Person to person payments growth was about 67% and accounted for 13.6 million transactions; According to CEO Brian Moynihan the bank processed half a billion dollars in a single week; other banks including Wells Fargo are also reporting increases in person to person payments; Bank of America is also planning to release a mobile offering for auto and home loans along with its AI assistant; Bank of America spent $2.25 billion on tech initiatives in the first nine months of 2017. Source
SunTrust Bank, Ally Ventures and Amazon Alexa Fund teamed up with others to raise $16mn for Greenlight Financial Technology; Greenlight makes smart debit cards for kids and college students to spend more wisely; The company also offers a mobile app complete with parental controls so parents can teach their kids how to spend; this is a further jump into financial services for Amazon as it looks to enter the space through the partnership model. Source
US credit card debt was $870 million as of December 2018 according to data from the Federal Reserve, an increase...
According to the Wall Street Journal Goldman Sachs is going after yet another new line of business: corporate treasury services;...
Millenium Trust Company has hired Tom Daley to lead the Alternative Solutions Group; Millenium Trust is a leading provider of custody solutions in the marketplace lending industry; Mr. Daley will be focused on adviser and registered investment adviser business development, seeking to expand the firm's alternative assets under custody from fund managers and financial advisers. Source
While coronavirus is causing turmoil throughout global markets and businesses there could be some unintended benefits; MoneyGram’s FastSend could find...
The OCC released data sharing guidelines that have been met with mixed reviews, especially amongst fintechs and data aggregators; “I...
LendIt is returning to the west coast next year for LendIt USA 2018; it will take place on April 9-11 at the Moscone Center; this year we are focusing on three core areas: lending, digital banking and blockchain; new for 2018 is the BlockFin Summit which will take place in a dedicated space within LendIt; it will cover a wide variety of topics including: enterprise blockchain using digital ledger technology, global finance built on AI and blockchain, tokenized VC and investment banking, blockchain infrastructure for markets, trading, and back office, decentralized banking and insurance, and crypto-economics; early bird pricing ends this Friday, November 3.