The Cambridge Centre for Alternative Finance, the World Bank and the World Economic Forum launched a new survey today to...
Dimon noted that new customers can open a new deposit account in less than five minutes and that the bank...
On Monday, ApplePie Capital announced new investment deals with TowerBrook Structured Opportunities Fund and a group of investors led by QED Investors and Fifth Third Capital; the TowerBrook Structured Opportunities Fund will invest $180 million in the platform's loans over the next two years; QED Investors and Fifth Third Bancorp led a Series B investment round for ApplePie Capital raising $16.5 million; ApplePie Capital has partnerships with 40 franchise brands and provides loans to support their franchisees. Source
With fall approaching there are many conferences to attend for fintech professionals; Lend Academy shares a description of each conference as well as discount codes for attending some of the conferences; list includes FinovateFall, ABS East, OLPI Policy Summit, LendIt Europe 2017, Lend360, Money2020, American Banker's Digital Lending & Investing, AltFi Global Summit, IMN Investors Conference on Marketplace Lending, and Marketplace Lending & Alternative Financing Summit 2017. Source
The former Citigroup CEO is investing $100 million in Fair Square Financial LLC through his investment firm called Orogen Group;...
According to Capgemini and Efma’s World FinTech Report 2020 six percent of global banks and more than fifty percent of...
A recent paper explored how banks fared in the financial crisis, particularly how their adoption of IT played a role;...
The New Year’s Eve ransomware attack on Travelex has disrupted foreign currency cash transactions for many large banks including Barclays,...
Petal’s new credit card will focus on the 65 million people who lack credit history for a traditional card; they have been working for three years on their product which uses AI to predict a consumer’s creditworthiness; the company raised a $3.6 million seed round last September and followed with a $13 million Series A in January of 2018; the partnership with WebBank will allow Petal to make the card available nationwide which they anticipate will happen over the next few months. Source
The company says it is recommitting to being a technology company and refocusing on product development; the recommitment will cause less of a focus on customer growth which it has been emphasizing following its new relationship with partner bank Compass; it plans to return to its original mission of being a technology company focused on product development for its customers; the company already offers a number of innovative tech solutions including a checking account product that allows customers to itemize savings for specific goals; the new focus has resulted in the termination of five executives and a 10% reduction in staff. Source