Jared Hecht is the CEO and Co-Founder of Fundera, a comparison site for small business loans; like all companies in...
FinLab aims to help fintech startups that are helping American consumers; it is funded through a five-year grant from JPMorgan; in total 26 companies have worked or are working with Finlab; TechCrunch profiles how the innovation lab works which includes programs to help startups understand how the banking industry works and meetings in Washington with regulators. Source
Orchard's Weekly Online Lending Snapshot for the week of October 27 focuses on new marketplace lending securitizations and the snapshot's new tracking for recent securitization issuances; other key data points from the week include Yirendai leading publicly-traded marketplace lenders with a monthly stock gain of 12.52% and the UK Ranger Direct Lending Fund continuing to lead among UK listed funds with a monthly gain of 6.46%. Source
Banks are beginning to see that marketing Zelle within their own apps can be a challenge; “It’s not a simple feature you can roll out and say ‘try it.’ Explaining all these things means you have to prioritize because there just isn’t enough time so you have to be very selective,” says Mark Schwanhausser, director of the digital banking practice at Javelin and author of a new report looking at this issue, to TearSheet; banks have tried a number of ways to highlight Zelle as part of their banking experience, though the task has not been easy; as the brand grows and customers get accustomed to the difference the job will become easier. Source.
MoneyLion’s new feature is called Grow Your Stack; will help customers see a visual representation of their account balance as ‘cash’ over the real world; the feature will leverage iOS 11’s ARKit technology; Tim Hong, Chief Marketing Officer at MoneyLion stated, “If I write that you spent $350 on coffee as text, versus if I show you that in terms of a [visual] stack, you may be more likely to change your habits,” he said. “Not everyone learns in the traditional way.” Source
In an all-stock transaction of $22 billion, Fiserv has acquired First Data. The acquisition will allow Fiserv to now offer a...
Community Banks are utilizing the plug and play partnership to innovate as it allows them to offer digital services in...
German based savings marketplace fintech Raisin has acquired US software company Choice Financial Solutions to help the startup launch in...
David Rutter is in charge of R3 and shares his perspective on the current environment; he stated to City A.M,...
iPayment, Inc. has created a new business unit, iPayment Capital, to offer merchant cash advances; the new business unit will utilize the firm's 137,000 SMB customers for merchant cash advance lending; the service will add to payment processing and point of sale services currently offered by iPayment, Inc. Source