The latest edition of Credit Union Tracker, a collaboration between PYMNTS and PSCU, found that 60% of credit union customers...
The Financial Stability Oversight Council's annual report includes a section discussing the risks of marketplace lending. Source
While the Fed kept interest rates steady at their meeting this month both Marcus and Ally Financial have decided to...
Banks have been trying to understand what they will need to change to stay competitive as finance becomes more digital; the key question they try to answer is buy, build or partner; at LendIt USA 2017 we hosted a keynote fireside chat that focused on how a global cooperative bank stays innovative; digitizing their lending process to become more like a platform, understanding that fintech is more of an evolution and not a revolution, better understanding the customer's needs and offering hybrid solutions is key to staying ahead of the innovation curve. Source
State regulators are planning to offer a licensing process for money-service businesses which will include fintech firms; this will allow business to operate across multiple states; the initial pilot will be offered in seven states; Charlie Clark, agency deputy director and director of consumer services at the Washington Department of Financial Institutions stated, “This is something that we can do to create licensing efficiencies with these companies, hopefully help get them off the ground and it doesn’t sacrifice consumer protection.” Source
At LendIt Fintech USA 2019, Boe Hartman, the CTO of Marcus, revealed in a keynote stage interview that Marcus was...
The South Caroline primary is a few short days away and Super Tuesday is right around the corner; American Banker...
Real estate investing startup Cadre signed a partnership with Goldman Sachs to allow their private wealth clients access to the platform; Cadre has already been able to secure $250mn in commitments from Goldman’s clients and has said their is a steady stream still in the pipeline; private wealth clients will get a log in for Cadre and access to vetted deals in commercial real estate; in addition to the partnership Goldman Sachs also becomes and investor in the company. Source
LendingClub announced today that they will no longer be originating small business loans themselves; instead, they will be creating a...
The Industry Awards Dinner is often the highlight of LendIt Fintech USA for those that choose to attend the celebration...