Big banks have shown recently that they are not afraid to spend on technology in order to better set themselves...
Michael Corbat, CEO of Citigroup was interviewed by Bloomberg at the World Economic Forum; the bank currently spends $8.5 billion...
A new survey of 175 banks by UBS shows that larger banks like JPMorgan Chase and Bank of America invest...
Over the weekend we learned that Intuit, the makers of TurboTax, Mint and Quickbooks, is close to acquiring Credit Karma,...
Alibaba’s Ant Group Plans Hong Kong IPO At $200B+ The Startup Movement Is Globalizing: New Report Proves It Global Digital...
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.
Automated mortgage transaction technology firm Roostify has announced Frank Gelbart as its new chief revenue officer; Frank Gelbart has over 20 years of experience with technology companies and was previously president, CEO and co-founder of Appfluent Technology; Roostify is a fast growing startup and is currently partnering with JPMorgan for mortgage lending technology innovation. Source
The online lender is now able to originate mortgages in 27 states, with hopes of expanding to all 50 soon; included in their announcement about the New York license was overall originations reached $1 billion in December, $100 million of which were mortgages; SoFi Chief Revenue Officer Michael Tannenbaum said, "The plan is to continue to roll out a state licensing strategy, our licensing strategy mirrored places where there were large jumbo balances."; SoFi also believes their cross buying strategy and the $1 billion infusion from SoftBank has helped them weather the storm of the last year; in a separate announcement, the online lender has moved their office to 860 Washington Street in New York's Meatpacking District. Source
Several CEOs have expressed their desire to help get government stimulus money into the hands of consumers and small businesses;...
Green Dot’s Founders & CEO Steve Streit left the company in December 2019 as they were transitioning from prepaid card...