Visa and Mastercard currently rank 7th and 11th on the S&P 500; their stock prices have increased around 50% over...
Androscoggin Bank launched a new online lending platform for small businesses in January to better compete with the market's options for online small business loans; the firm's Fast Response Business Loans Platform was built in partnership with an undisclosed fintech firm and has processed half a dozen loan applications since its launch; its lending criteria is based on credit score, number of years in business and being based in Maine; its interest rates start at 6% and it currently offers credit lines of up to $10,000 and term loans of up to $100,000. Source
Patrick McHenry is one of the most active proponents for fintech in Congress; Lend Academy talks with McHenry at LendIt USA following his keynote presentation; in the podcast he talks about the role of the House Financial Services Committee, his perspective on fintech, current legislation and his outlook for financial innovation over the next four years. Source
SoFi is now offering brokerage services to the public a spokeswoman there has confirmed; there is an active investing option...
The Securities and Exchange Commission proposed significant changes to crowdfunding and Reg A+ in a big to boost the use...
The New York Stock Exchange, operated by Intercontinental Exchange, has decided to go all digital and close the trading floor...
Kroll Bond Rating Agency has assigned ratings for Avant's most recent securitization deal; the portfolio includes three tranches of consumer notes valued at $192.6 million; ratings for each of the three tranches are included in the chart above and range from A- to BB. Source
Mastercard has launched their in house content studio to help broaden the institution’s brand; the idea is to make themselves look as if they are a tech company; they have hired a content team and have already started making Storylabs in series; the move is part of a wider trend in financial services as companies like JPMorgan Chase, WealthSImple and Acorns have all been producing content; they also recently started a podcast named “Fortune Favors the Bold” by journalist Ashley Ford. Source.
During their most recent earnings call GreenSky announced a new pilot partnership with American Express on home improvement loans; the...
With SoFi Money becoming live SoFi now offers a bank account they bill as a hybrid between a savings and...