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FintechNews RoundupUSA
·May. 21, 2020

SoFi Cuts 7% of Staff

SoFi recently conducted a round of quarterly performance reviews and subsequently cut 7% of their staff; just over a month...
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FintechNews RoundupUSA
·May. 21, 2020

Millions of Credit Card and Auto Loans on Financial Hardship Plans

According to recent data from TransUnion lenders reported that almost 15 million credit cards were in financial hardship programs; this...
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FintechNews RoundupUSA
·May. 21, 2020

Core Issues Facing Bounce Back Loan Scheme Lenders

The Bounce Back Loan Scheme (BBLS) has recently ignited an uproar on social media which can be traced to a...
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FintechNews RoundupUSA
·May. 21, 2020

TD Bank Partners with Cinchy to Solve Data Issues

The problem of disparate data is something all banks have been struggling with and TD Bank seems to have found...
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FintechNews RoundupUSA
·May. 21, 2020

If I Were To Launch a Decentralized Lending Operation, These Would Be My Domain Teams

In part two of the series written about decentralized lending Jason Jones asked John Donovan (co-founder and former Lending Club...
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FintechNews RoundupUSA
·May. 21, 2020

Crypto Funds Have Trouble Surviving the Volatility

Volatility in cryptocurrency prices forced some hedge funds to close their doors after the March sell-off; those that survived saw...
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FintechNews RoundupUSA
·May. 20, 2020

Covid Crisis Could Mark the End of Challenger Banks

Challenger banks have become one of the hottest trends in fintech with companies raising hundreds of millions of dollars all...
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FintechNews RoundupUSA
·May. 20, 2020

Upstart Making it Easier for Banks to Use AI Underwriting, Comments on COVID-19

Today Upstart announced a new offering called Credit Decision API; Upstart has already offered a white label solution for banks...
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FintechNews RoundupUSA
·May. 20, 2020

Payments Proves to be a Bright Spot in Fintech

While most global stock markets have fallen by 10 percent or more the publicly traded payments companies have all see...
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FintechNews RoundupUSA
·May. 20, 2020

Treasury Uses Prepaid Cards to Speed up Stimulus Payments

Almost 4 million people will soon be receiving their stimulus checks via a prepaid card issue by MetaBank; the program...
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