The Financial Times digs into a regulatory filing released yesterday that shows how voting control will be organized after Quicken...
It was recently reported that JPMorgan Chase was entering the POS financing market; their entrance comes at a time when...
Only 8 percent of cybersecurity heads at U.S. financial firms report directly to the CEO; a survey done by the Financial Services Information Sharing & Analysis Center showed the lack of access for cyber heads and pointed to other vulnerabilities; one of the biggest areas for improvement of defenses is better employee training as people can click the wrong link and open systems up; most firms, 54 percent, compile quarterly security reports while 18 percent do bi-annual reports and 16 percent do annual reports. Source.
The case put forward by the Conference of State Bank Supervisors which challenged the OCC’s fintech charter has been dismissed...
Ernst & Young announced a new suite of blockchain audit technologies; EY Blockchain Analyzer looks to assist audit teams to gather transaction data from multiple blockchain ledgers; Paul Brody, EY Global Innovation Blockchain Leader, tells Crowdfund Insider, “Understanding exchanges and cryptocurrencies is the first step in our ability to develop tools to test various blockchain-based business contracts. EY Blockchain Analyzer will be utilized by the auditor to analyze transactions on a blockchain and help provide insight to the finance function.” Source.
LendUp has secured a new $100 million credit facility from Victory Park Capital bringing its total financing to $325 million; the firm has also announced a new lending milestone, with loan originations surpassing $1 billion from more than 3.3 million loans; the firm was launched in 2012 and seeks to support the emerging middle class through lending and financial education. Source
The “adrenalin ride” of fintech has been a big draw for banking heavyweights who have been facing tougher regulation, increasingly...
ValueWalk has analyzed the recent CB Insights report on fintech funding as well as the Forbes 50 report on the...
Revolut, Robinhood and others have seen a great deal of growth in the last couple of years as consumers have...
From 1934 to 2009 there were only two years where bank branches declined and we are now headed towards the...