California plans to create a program for fintech companies to work with regulators on innovative products and services; key to...
The California legislature is getting closer to approving legislation that would cap interest rates at 36 percent on loans between...
Joy Schwartz, President of LendIt Fintech and Head of LendIt’s Global Women in Fintech Programs shares LendIt’s commitment to supporting...
Calypso, a fintech firm that develops software for capital markets, has struck a deal with blockchain consortium R3 to develop applications on its Corda platform; Corda is a distributed ledger platform for managing financial contracts which will be released later this week; Calypso will first build a trade confirmation app to function on Corda; according to Calypso CEO Pascal Xatart, "Our current matching solution is only the beginning." Source
Cambr was created as a banking-as-a-service partnership between Q2 and Stonecastle but Q2 has decided to end this partnership; Q2...
Cambridge Bancorp in Massachusetts formed an innovation group in 2016 and is now positioned to compete against bigger banks; head of the innovation Group Scott Chamberlin tells American Banker, “We spent a couple years proving … we could win business externally and, more importantly, internally from a credit standpoint. We’ve proven that out. This is year we start to add scale.”; the bank is looking to be an alternative to the likes of Silicon Valley Bank and Square 1; they see a differentiating characteristic being their local reputation and that they are in it for the long haul. Source.
The Cambridge Centre for Alternative Finance is a leading provider of research and reports on fintech across the globe; their...
Blockchain Week New York, headlined by the Consensus 2018 conference, has wrapped up. There was more blockchain and cryptocurrency hype...
CAN Capital Inc. has hired an advisor to help the business after halting loan originations and releasing senior executives; Realization Services Inc. has been hired to help the firm negotiate with creditors and strategy investment banking advisor Jefferies; CAN Capital has been lending to small businesses since 1998 with $6.5 billion in loans and cash advances; near the end of 2016 the firm reported data irregularities and issues with loan performance and collections. Source
Back in 2013 four core banking providers dominated the U.S. market owning a 96 percent share, that market share is...