Whether you’re in banking or work for an entertainment giant customers look for a certain quality when it comes to...
Mark Cuban and Jill Castilla, CEO of Citizens Bank of Endmond, made news soon after the crisis started when they...
Nigel Morris previously co-founded and served as president and COO of Capital One; Morris is now an VC at QED...
Intrinio CEO Rachel Carpenter said the mission of her company is to make raw data fields available; they recently partnered with Nasdaq to include their real-time data feeds within the marketplace; they offer over 150 different data APIs and have built the company to bring Warren Buffet’s investment ideas to life in software; individuals can access the data for $75 a month and companies pay a custom rate. Source.
The latest fintech IPO is likely to be GreenSky which focuses on point of sale finance. Source
The New Year’s Eve ransomware attack on Travelex has disrupted foreign currency cash transactions for many large banks including Barclays,...
Following the Equifax hack, Credit Karma is offering a free service that will alert customers if their information has been compromised; the service is currently being tested and will be available sometime in October; the company accelerated the launch due to the large breach at Equifax and has seen a 50% increase in signups following the hack. Source
China Rapid Finance has filed for an IPO in the US; it will be the fifth online lender to trade on a public US exchange and the second Chinese online lender to list in the US; Lend Academy provides more details on China Rapid Finance and the IPO in their article; the firm is hoping to raise $100 million from the IPO; it is a peer-to-peer lender matching borrowers with investors and does not lend from its balance sheet; the platform targets underserved consumers and uses thousands of data points from alternative data sources including information on work history, payments, e-commerce, telco, search and social data for its credit underwriting. Source
The Bureau of Labor Statistics released its October jobs report; data showed an increase of 161,000 jobs in October with the unemployment rate decreasing to 4.9%; continues positive momentum in the labor market after an increase of 191,000 jobs in September. Source
The Community Home Lenders Association and the Community Mortgage Lenders of America sent a joint letter to the CFPB asking for more clarity around surprise audits; the companies cite exemptions for small banks but they don’t have the same type of exemption for small nonbanks; they believe if the state regulator in which they operate requests a formal action then an audit can go ahead but surprise audits should not be permitted. Source.