Small and medium sized banks must carefully consider how they are going to compete with traditional banks and newer digital...
Every year we provide the information that retail investors who buy notes at LendingClub or Prosper need for filing their...
BBVA has announced a partnership with Amazon; the partnership is first focused on selling physical products but it’s clear that...
Orchard has been working for a long time on their new platform called Orchard Deals; the platform has been redesigned from the ground up and boasts more than just a secondary market; features include deal listings, capital management, advanced analytics, data services and news & insights; Peter Renton from Lend Academy spoke with Orchard CEO Matt Burton and outlines what’s new in the blog post. Source
American Banker takes another look at 7 failed fintech ideas that might have been thought of too early; the ideas include Blippy’s social payments, Pay By Touch’s point of sale hardware, Cybercash by Beenz and Digicash by Flooz, the early days of mobile payments and more; with fintech being as fast paced as it is today new innovation is happening more now than it ever has been. Source.
According to a new survey by J.D. Power 30 percent of consumers surveyed were using mobile banking more and 35...
Prosper has reported the loss of another company executive a few months after the resignation of its former CEO Aaron Vermut; Eric Thaller, executive vice president of capital markets, has left the firm to join Sunbit, a consumer lending startup offering point of sale credit solutions for retail businesses; Thaller was a lead advocate for institutional investment in marketplace loans and directed the firm's institutional investment business. Source
A study from WalletHub says 67 million Americans will not being able to pay their credit card bills due to...
Float will offer credit lines for US consumers in California and Utah; based in Los Angeles the company also announced a $3 million funding round from finance and tech industry angel investors; the company plans to expand to all 50 states over the next six to 12 months. Source
Marketplace loans are attracting increased investment interest from all types of investors and specifically retail investors because of their low minimum investments and ease of access; Forbes outlines the industry's tools for platform diversification and aggregation in their article; featured platforms include NSR Invest, LendingRobot, BlueVestment and PeerCube. Source