Bank technology provider Numerated has expanded their small business offerings after clients were asking the firm to push further in...
Goldman Sachs continues to show interest in consumer finance; CEO of Final, Aaron Frank announced that the startup would be closing in December 2017 but did not provide further details; a dozen engineers and product managers will be joining Goldman Sachs; Final was founded in 2014 and offered consumers a credit card; users were able to generate virtual cards unique to a merchant. Source
Bitcoin futures debuted on Wall Street Sunday by the CBOE and some of the biggest banks are unsure whether or not to offer them to clients; JPMorgan Chase and Citigroup are playing a wait and see game; some firms are excited to get started though they are hesitant to open discuss it as they risk potentially contradicting previous statements by their CEOs; the volatility is the biggest concern for banks as they just are not comfortable with the wild swings. Source.
Ping An pushes into Indonesia’s fintech space In strategic shift, TIAA to close dozens of mortgage offices Orca launches industry-wide...
This week the chairwoman of the House Financial Services Committee, Maxine Waters, announced the creation of a Task Force on...
LendingClub is increasing their interest rates to new borrowers ranging from 2% to 4% depending on the loan grade; LendingClub...
Patreon is a popular platform for creators to receive support from their fans; the company has now launched Patreon Capital,...
Digital real estate startup Roofstock has secured a $50mn series D round led by SVB Capital with participation from Citi...
Galileo launched a beta of Galileo Instant last year and this week they are releasing it into the wild with...
Last week Prosper closed their Series G, raising $50 million from an investment fund co-managed by FinEx Asia and LPG Capital based in Hong Kong; sources say the post money valuation was $550 million, approximately a 70% drop from their high in 2015; Peter Renton reflects on the investment and the current state of the market. Source