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USA

·May. 14, 2018

New Bitcoin Exchange from Cameron and Tyler Winklevoss Gets Approval

New York state’s Department of Financial Services has given approval for Gemini to offer custody services and also allow trading...

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Fintech News Roundup USA

·Oct. 16, 2017

Banks Discuss Competition in Payments and Cybersecurity

Speaking on a panel at the annual meeting of the Institute of International Finance in Washington, CEO Jes Staley stated, “There are some tectonic shifts going on, driven by tech and the geopolitical environment…All the banks are very focused on the payments space. That may be where the battleground of finance is fought over the next 15 years.”; cybersecurity is also a top concern for financial firms and the co-head of Deutsche Bank AG’s corporate and investment bank expressed concerns on whether regulators are holding fintech firms to the same regulatory standards. Source

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Fintech News Roundup USA

·Mar. 31, 2020

Crisis Could Lead to a Change in How Employees Receive Pay

Early wage access startups like DailyPay and Earnin are seeing a big uptick in usage as workers look to gain...

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News Roundup Online Lending USA

·Sep. 1, 2017

Innovation at the Edge: Banks Transition to Hybrid Lending

Banks have been trying to understand what they will need to change to stay competitive as finance becomes more digital; the key question they try to answer is buy, build or partner; at LendIt USA 2017 we hosted a keynote fireside chat that focused on how a global cooperative bank stays innovative; digitizing their lending process to become more like a platform, understanding that fintech is more of an evolution and not a revolution, better understanding the customer's needs and offering hybrid solutions is key to staying ahead of the innovation curve. Source

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Fintech News Roundup USA

·Dec. 11, 2017

Lend Academy Article: Takeaways From LendingClub’s First Ever Investor Day

Lend Academy reviews LendingClub's Investor Day and shares the most interesting developments including a new “Exchange Traded Partnership”, details on direct payoff loans and new features of their auto finance product. Source

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Fintech News Roundup USA

·Dec. 20, 2017

Insurtech Startup Lemonade Raises $120mn Round

Insurtech startup Lemonade raised $120mn led by Softbank with backing from Allianz, Sequoia Capital and Google Ventures; the company has licenses in 25 states across the US and has sold more than 80,000 policies since launch last year; “By combining big data and AI with a seamless user experience, Lemonade is truly revolutionizing the insurance industry,” said David Thevenon, a senior investment professional at SoftBank, to the Financial Times. Source.

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Fintech USA

·Jul. 29, 2020

Enova Acquiring OnDeck for $90 Million

Enova, best known for short term consumer loans, is acquiring OnDeck, one the leading online small business lenders, in a...

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Fintech News Roundup USA

·Apr. 9, 2020

The Fed is the Key Player for Success in Stimulus Funding to SMBs

The Paycheck Protection Program has seen its fair share of problems since launching and many of these issues could have...

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Fintech News Roundup USA

·Mar. 12, 2018

Lessons Learned from Capital One’s Chatbot Eno

Capital One’s chatbot Eno just turned one recently and the bank talked about what they learned this past weekend at SXSW; Carla Saavedra Kochalski, director of conversational AI products, tells TearSheet “We saw there was a huge need to build something smarter and more conversational, not only for those types of experiences but to allow customer service through texting.”; the technology is still limited and in most cases customers still interact on a simple basis like asking for an account balance or approving a questionable transaction. Source.

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Europe Fintech USA

·Jun. 29, 2020