The digital banking space in Europe continues to suffer in the crisis with AltFi reporting that Revolut is looking to...
The US marketplace lending industry has matured with a number of self-regulating industry associations however the evolution of the industry and its integration into mainstream financial services has brought about increased regulatory attention which was one prominent topic for discussion at LendIt USA; HousingWire details the keynote speeches from Thomas Curry and Patrick McHenry also discussing insight from Amias Gerety; Richard Cordray from the Consumer Financial Protection Bureau was also a featured keynote speaker discussing government regulatory efforts pertaining to the industry. Source
Republic Bank & Trust Co. launched a digital-only bank branded as MemoryBank, this would stand alone from Republic and would aim to offer simplified products; this digital bank is courting those in Generation X, as opposed to the millennial generation; according to Andrew Varga, Chief Innovation and Strategy Officer of Republic Bank & Trust Co., the new digital bank will allow for the regional bank to have a national footprint. Source
Robinhood has quickly become one of the hottest fintechs in the world during the pandemic as they added more than...
Since expanding globally in 2019 Visa has grown their Fast Track program to include more than 140 fintech companies; the...
Credit Karma is positioning itself to be more than just a place to check your credit score; the company currently has 80 million customers and currently has advantages in significant scale and the data it houses; they are now looking at using chatbots with their acquisition of “Penny” to further their relationships with their customers. Source
Lighter Capital provides funding for growing businesses with a revenue-based financing model; their borrowers repay the loans out of future...
The first round of the Paycheck Protection Program was a mix of chaos, confusion and favoritism with $349bn being sent...
Small business lending marketplace Lendio is looking to hire 200 full time small business loan agents to help meet demand;...
According to research by JP Morgan Asset Management and Platforum only 3 percent of advisers offer automated wealth management services; the main reasons were cost of implementing, clients not interested and concerns about security. Source.