According to 2017 data from the FDIC 47 percent of Black Americans were underbanked, compared to 20 percent of white...
The CEO of OppLoans discusses non-prime lending, what is needed for these consumers to have a good experience, the unique...
First Internet Bancorp is about to complete their acquisition of First Colorado National Bank’s small business lending division; this deal...
In a press release this week, marketplace lender, SoFi, provided more details on its partnership with Protective and announced the launch of a new term life insurance offering for millennials; product provides life insurance for up to $1 million and features a 20 minute application and approval process. Source
The CEO and Co-founder of Varo discusses what is wrong with traditional banks and how his startup digital bank is different. Source
Lend Academy looks at 10 years of data from Lending Club and Prosper; shares data on returns over the time period and where current returns are trending. Source
A London-based financial API provider with a uniquely controversial name, Fidel, has established a New York office to add to...
Source provides details on the Fintech Innovation Lab and its founders; notes the benefits of the Fintech Innovation Lab and includes numerous success stories; included in this year's program were Cutting Edge, Nova Credit and BehavioSec. Source
Goldman Sachs first entered the market with the acquisition of GE Bank and the subsequent launch of GS bank; Tearsheet explores their other moves in the market more recently in fintech; Goldman Sachs has invested in 23 fintech startups and is the only top ten bank that has hit every category in its investments: blockchain, data analytics, insurance, personal finance, wealth management, financial services software, lending, payments and settlement, real estate and regulatory technology. Source
At LendIt USA, Antony Jenkins from 10x Future Technologies discussed the challenges for incumbent banks in implementing transformative technology; Jenkins says transformation for incumbent banks is very difficult primarily because of the cultural change; Jenkins' 10x Future Technologies is developing software and API technology for banking products including current accounts, credit cards, mortgages and loans. Source