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EuropeNews RoundupOnline LendingUSA
·Mar. 6, 2017

AltFi Data Analytics Platform Announces Addition of Prosper Marketplace Data

AltFi Data is the leading public provider of data for the marketplace lending industry; its data platform, AltFi Data Analytics, aggregates data from originators in the UK, Europe and the US; AltFi Data manages indices and publishes analytics reports with support from the data platform; the addition of data from Prosper will make the platform's reporting more robust for the industry.  Source

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FintechUSA
·Jun. 17, 2020

Robinhood Narrative Not Quite What is Seems

There has recently been a trending story amongst traders that Robinhood investors are the reason the markets have rebounded so...
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FintechNews RoundupUSA
·Mar. 1, 2018

CFSI and JPMorgan Chase Announce 4th Annual Challenge

JPMorgan Chase and the Center for Financial Services Innovation (CFSI) announced their 4th annual Financial Solutions Challenge to help improve the financial health of underserved communities; for the first time the competition will focus on entrepreneurs of color, women and individuals with disabilities; "The FinLab believes that diversity among leaders and teams also leads to more inclusive products and services with the potential to scale to millions of customers,” explained the press release that accompanied the announcement. Source.

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FintechNews RoundupUSA
·Apr. 5, 2019

FDIC Issues Guidance on Bank-Fintech Partnerships

The FDIC has issued a Financial Institution Letter (FIL) offering guidance for its member banks with less than $1 billion...
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FintechNews RoundupUSA
·Aug. 23, 2017

The Latest M&A Trends in Fintech with Steve McLaughlin and Dan Ciporin

Steve McLaughlin has a wealth of knowledge when it comes to M&A in fintech, having advised on many deals in the space; he founded his firm FT Partners when he was 32 years old; according to data from KPMG, M&A was down in 2016 by 68% compared to 2015; McLaughlin shares his thoughts on what has contributed to the decline and where the industry is going from here; believes that the ability for companies to raise financing rounds has contributed to the lower amount of M&A deals; many companies in fintech are also fairly young when it comes to the earnings which makes M&A not as attractive to banks; McLaughlin also talks about the deals that have occurred in fintech and the sectors that are hot in 2017. Source

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News RoundupOnline LendingUSA
·Nov. 10, 2016

StreetShares and JPMorgan Partner to Help Military Veteran Business Owners

StreetShares is a marketplace lender focused on lending and investing for veterans; company has announced partnership with JPMorgan to launch the StreetShares Foundation which will promote veteran-owned businesses through a $10,000 monthly contribution from JPMorgan for veteran small business awards; StreetShares will manage the monthly veteran small business awards with the $10,000 divided between first, second and third place businesses each month; awards will be given based on public voting.  Source

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FintechNews RoundupUSA
·May. 21, 2019

The Role of Machine Learning in Small Business Lending

Karen Webster of PYMNTS.com interviewed Prashant Fuloria, COO of Fundbox, about the guiding principles for using different data sets in...
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News RoundupOnline LendingUSA
·Oct. 28, 2016

IRA Financial Group Adds IRA for P2P Lending

IRA Financial Group, a New York provider of retirement plan solutions, is offering a self-directed IRA for P2P loan investors; the firm has designed the IRA for P2P lending; loan investments in the self-directed IRA would be tax deferred.  Source

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FintechNews RoundupUSA
·Jan. 18, 2018

CFPB Plans to Rollback Payday Lending Rule

The new CFPB director Mick Mulvaney is planning to rollback a key regulation that will allow payday lenders to charge very high interest rates; the current rule was set to be enacted soon and allow for lenders to become compliant by the middle of 2019; the rule limited the amount of money or the amount of times a person could borrow from these short term lenders; with the removal of the rule payday lenders can go back to operating like they did prior to the CFPB; many fear that lower income Americans will become mired in debt. Source.

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FintechNews RoundupUSA
·Oct. 2, 2017

Cryptocurrency Exchanges Showing Their Vulnerabilities

Trading cryptocurrencies has shown itself to be quite a lucrative business, at the same time the exchanges where trading occurs underscores how risky trading might be; exchanges can lack basics controls on know your customer (KYC), fraud prevention and more; there have also been a number of significant thefts or hacks where millions were lost; while the risk is real it has now slowed the market's growth as total value of all digital currencies has soared to over $140bn. Source.

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