A study from WalletHub says 67 million Americans will not being able to pay their credit card bills due to...
A survey released today by Promontory Interfinancial Network showed that 66% of 543 bank executives view payments and money transfer...
Two highly respected fintech companies have formed a strategic partnership to help develop underserved markets; Vervent and Finitive have experience...
Marlette Funding has filed for a new securitization portfolio, Marlette Funding Trust 2017-1; the portfolio details were filed by Marlette Funding Depositor Trust; associated parties include Deutsche Bank Securities, Citigroup Global Markets and Goldman Sachs; the portfolio will contain unsecured consumer loans originated by Marlette. Source
SBI Group, owner of SoftBank is investing into the mobile-first bank; SBI Group will also get a seat on Moven's board and the companies plan to form a joint venture in Japan; Moven is also splitting its business in two; one side is the software provider that powers digital banking software and the other is the neobank, MovenBank; Moven also announced that it is in the process of purchasing a US bank. Source
Banking and finance software specialist Temenos has worked with Baxter Credit Union to launch the Temenos Lifecycle Management Suite on Microsoft Azure; the loan platform includes modules for collection service and loan origination; its launch marks the first use of the Lifecycle Management Suite in the cloud through integration with Microsoft Azure and Baxter Credit Union says it is currently focusing on a strategic initiative to move all of its technology to the cloud. Source
We’ve been hosting virtual content sessions for the past few months in order to help our community stay ahead of...
John Pitts is policy lead for Plaid and has been critical of the Paycheck Protection Program; beyond the challenges of...
Mark Cuban believes that businesses looking for funding through the PPP creates too much hassle in an economic crisis and...
The CBOE will launch bitcoin futures on Sunday December 10th and said that trading will be free for the first month; “We are committed to encouraging fairness and liquidity in the bitcoin market. To promote this, we will initially offer XBT futures trading for free,” commented Ed Tilly, Chairman and Chief Executive Officer of CBOE; CBOE’s bitcoin futures will trade on CFE un the ticker XBT. Source.