Radius Bank in Boston has been partnering with fintechs for the last few years in an effort to build relationships for the long term that benefit the bank and fintech company; “We’ve built a culture inside this company that believes in the future of virtual banking, and the demands clients are going to put on us to be an Amazon-like experience for them,” says Radius CEO Mike Butler to American Banker; the bank is looking to use fintech companies to build this experience as they are unable to build all of this in house. Source.
The bank partner model has been around for decades but it has expanded rapidly in the last few years; leading...
The official launch of the Apple Card ratcheted up the pressure on banks and fintechs as the fear of big...
Dave Girouard was first on the Lend Academy podcast back in 2014 which was their first year of operation; since...
Galaxy Digital’s Michael Novogratz says the turmoil across the U.S. and the continuing pandemic will push Bitcoin above $10,000; “$BTC...
SoFi has announced a new fund following a theme discussed at LendIt USA 2017; SoFi's new fund, the SoFi Prime Income Fund, will target family offices; it has raised $105 million from 33 investors each contributing a minimum of $500,000 and will include SoFi's unsecured student and personal loans; it adds to a Credit Opportunities Fund introduced last year; at LendIt USA 2017 panelists discussed new fund creation by platforms; the industry has begun to favor platform fund development over retail fund development; the complexity of marketplace loans and specifically their liquidity risks have kept them from widespread expansion in the retail fund management industry; challenges such as managing international currencies and using alternative leverage strategies are just a few of the retail fund risks for investment managers. Source
Writing in Forbes the Founder and CEO of the Financial Health Network Jennifer Tescher discussed the need for solutions for...
Lending Club and Prosper allow for tax efficient investing on their platforms through an IRA; Lend Academy provides details on opening an IRA with Lending Club or Prosper and explains why investing in P2P lending is best done through an IRA. Source
According to Bloomberg, Fed Vice Chairman Randal Quarles is concerned about tech companies providing financial services; while no moves have...
The Co-Founder and Managing Partner of Community Investment Management talks impact investing and the role it can play during the...