Banks know they cannot compete dollar for dollar for top tech talent and are starting to adjust their offerings to...
Ron Suber discussed the challenges that online fraud can present to marketplace lenders in his keynote speech at the Fintech Fraud Summit last week in San Francisco; to mitigate fraud, companies must have a comprehensive risk and compliance system that protects it from attacks and fraudulent loans; Ron Suber outlined Prosper's risk and compliance approach in his presentation providing an example for marketplace lenders seeking solutions for mitigating and managing fraud. Source
Lenders today are under a massive amount of stress as many borrowers feel increased fluctuation in their financial health; lenders...
Marketplace provides insight on Goldman Sachs' new online lending business discussing the culture and variance from the traditional aspects of the investment bank; one reason for the divergence in culture is the company's focus on building Marcus as a tech startup within the bank; the investment bank's venture has gained considerable industry attention and also attracted talent from leading technology companies including Facebook and Google; it appears to be well positioned in the market with numerous competitive advantages supported by the legacy bank's 147 year history. Source
Forbes partnered with market research firm Statista to measure the best banks in more than 20 countries by surveying more...
Today StreetShares announced a $23 million Series B round; it was led by a $20 million investment from Rotunda Capital Partners, LLC; $3 million came from existing investors; StreetShares offers small business loans and primarily focuses on veteran-owned businesses. Source
A former SoFi employee has filed a California lawsuit; he is arguing that he was fired for reporting sexual harassment and has included in his court filing, allegations of impropriety in the handling of loans; source also reports that a broader class action lawsuit is being prepared on behalf of a group of mistreated employees. Source
With the current uncertainty many real estate companies have either trimmed or stopped originations altogether; Groundfloor, a company which focuses...
In TearSheet’s recent podcast they discussed the growth of data aggregation in the financial services; data aggregation has become one...
Adyen reported their first quarter results today, giving us a sense of the impact of COVID-19 on the payments space;...