Artificial intelligence has been a hot term in finance the last few years and now global banks are making it...
Earnest is one of the largest student loan refinancers in the country and also offers personal loans; they were acquired...
‘Another one?’ Bankers react to Facebook’s digital currency Next decade is set to be transformative for small business finance PwC...
The US Department of Justice has approved the real-time Payments network after a yearlong antitrust review; the Clearing House, a consortium of the biggest banks in the US, was pleased by the news as they plan to launch their leading system later this year; this is seen as a step in the right direction of helping to modernize the US payments system. Source.
Credit Sesame is the latest company to launch a digital banking offering; Sesame Cash aims to leverage data about a...
The contact us form is a staple of most websites but buy now pay later startup Afterpay never thought it...
The partnership between IBM and Zelle is meant to accelerate and simplify payments through real time processing; they also will help to enable same day deposits, bill pay, less fees and seamless cash flow; Zelle is now working with over 20 banks and plans to reach 85 million consumers by end of year. Source.
SupportPay is an app that provides a unique solution for managing child support payments; in 2016 the firm was one of only a few female led fintech venture capital fundraises; Sherri Atwood raised $4.1 million for development of SupportPay which offers a digital solution for receiving child support and tracking child care expenses; the increased transparency the child support app provides has helped the firm gain interest from state agencies and legal firms managing divorce cases involving child support. Source
Lend Academy looks at the shift of returns and interest rates at LendingClub; the company recently brought F & G loans in house and there is a noticeable shift in loan grades offered by the platform. Source
While announcing earnings for Q3 Wells Fargo and Bank of America both revealed how important digital channels are to their bottom line; BofA saw mobile banking users jump 11 percent, mobile usage grew at 19 percent and digital payments grew 9 percent in the past year; Wells Fargo saw digital usage grow 2 percent and digital sessions grow 6 percent; the digital trend shows how much banks businesses are changing. Source.