The government is working to ensure that the Small Business Administration can offer small businesses up to $50 billion in...
MX is a data company which cleans, categorizes, stores and analyzes data to help banks be advocates for their customers;...
Crowdfund Insider compiles a list of responses from fintech firms and how they are handling the current crisis; while fintechs...
Celent is a research and advisory firm to mid and large sized banks, credit unions and technology providers; the company partnered with FI Navigator to present data on mobile app adoption in banking; we know what the historical channels of branches, contact centers, ATMs, internet and mobile are all about; mobile is becoming an omnichannel platform for both bankers and customers spanning branches, contact centers and ATMs which Bob Meara explores in his presentation; shares that half of retail customers aren't using digital channels, concerns from consumers about digital and mobile channels, and other data about mobile adoption. Source
There was a powerful synergy built between banks and fintechs in 2018 that truly lifted the entire financial sector. All...
BBVA subsidiary Simple is launching a new product that many would say goes back in time, paper checks; “We heard...
A recent study conducted by Lending Club claims that 60% of Americans have revolving credit card debt and two-thirds of Americans...
A new study by Mastercard and Harvard Business Review reveals that fintech has so far had a limited impact; the...
Source reports on the operational costs associated with loans and how automation and artificial intelligence (AI) can help reduce those costs; automation can now replace manual processes such as credit checks, data consolidation, onboarding, loan documentation, know your customer and more; robotics and AI are also assisting in risk analysis for SMEs; additionally, machine learning solutions have also been evolving to evaluate thousands of data points from various sources; as these solutions evolve, banks too will need to integrate greater automation to stay competitive. Source
According to the WSJ, clients have been withdrawing more money than expected from the hedge fund; Pine River was best known for its profits after rebounding government-backed mortgages following the financial crisis; Pine River manages roughly half of the $15 billion it managed in 2015. Source