The New York Times is reporting that fintech companies have helped out many small businesses that were struggling during the...
The bank partner model has been around for decades but it has expanded rapidly in the last few years; leading...
BlackRock is leading a $50mn investment round into microinvesting app Acorns to help build out their investment options; BlackRock joins...
Online lenders FIP, LLC and Future Income Payments, LLC are being sued by the State of Minnesota; the two lenders target seniors and veterans with pension advance loan products and charge exorbitant interest rates of approximately 200%; the interest rates significantly exceed Minnesota's usury cap of 8%; the court filings argue that the lenders are unregistered and unlicensed to offer loans in Minnesota. Source
Silicon Valley startup accelerator 500 Startups partnered with cryptocurrency exchange Huobi to incubate blockchain projects; Edith Yeung, a partner at 500 Startups, said to CoinDesk, in partnering with Huobi Labs, "Our teams will learn so much especially around the ins and outs of how a digital exchange works."; the companies will help startups to develop business plans, create and refine marketing strategies, fundraise and develop white papers. Source.
Banking is continuing to evolve and there has been a trend to talk about how the challenger banks will take...
AdaPia D'Errico, a prominent executive and marketer in real estate crowdfunding, is departing Patch of Land; CEO Paul Deitch, who was recently brought into the company to help it mature and reorganize, bid D'Errico a fond farewell; she will continue to serve in an advisory role through 2017, while considering future options including other aspects of real estate; she is replaced by Robert Greenberg, who joined the company in August as a marketing consultant. Source
Mortgages are one of the last lending products to become fully digital as the process represents quite the challenge to...
Biz2Credit already works with HSBC and Popular Bank who leverage their software-as-a-service loan management, servicing and risk analytics product; with...
Lawmakers and other government officials are working to make changes to the Paycheck Protection Program; there has been slowing demand...