Buying and selling of cryptocurrencies may be available as soon as June, but the bank is still working on how it will store them; Goldman remains one of the few banks who are leading the charge when it comes to trading cryptocurrencies and it remains to be seen whether other banks will follow suit. Source
Funding Circle’s latest securitization is their second securitization of US loans; The $252 million securitization (Small Business Lending Trust 2020-A...
OnDeck is currently engaged in talks with creditors about a corporate debt facility which the company still owes about $92mn;...
The U.S. Securities and Exchange Commission launched a mock ICO to help educate investors; the HoweyCoin, named after the Howey...
Singapore based investment firm Temasek has added their support to the Libra Association; its membership of the Libra Association will...
Leading fintech small business lender Kabbage has been a major force in getting PPP loans into the hands of small...
AutoFi and Ford have announced a new partnership that will make financing and buying a car available online; Ford will use the AutoFi platform for sales from its Ricart Ford dealership in Groveport, Ohio with expansion planned for dealerships throughout the United States; through the AutoFi platform customers can select a vehicle, access Ford Credit for a financing decision and terms, customize their vehicle protection products, review their paperwork, and schedule a time to complete the sale and pick up the vehicle; Ford Credit also made an equity investment in AutoFi. Source
Much has been written about the innovations in consumer banking and how fintech has changed the retail banking landscape dramatically...
A new study by Cornerstone Advisors and Acxiom examined how the financial lives of women differed from men; the study...
When the government announced the first tranche of funding for the Paycheck Protection Program (PPP) there was a flood of...