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FintechNews RoundupUSA
·Feb. 26, 2020

Lloyds Continues Job Cuts in Branches

Lloyds is cutting 780 roles across their branch network; the cut amounts to almost one in 16 of branch-based workers;...
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FintechNews RoundupUSA
·Feb. 25, 2020

Was Intuit the Best Fit for Credit Karma?

In his weekly Forbes column Ron Shevlin of Cornerstone Advisors wonders if Intuit is the best fit to buy Credit...
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FintechNews RoundupUSA
·Feb. 25, 2020

The Future of Digital Banking can be Driven by Markets and Regulators

Right now the U.S. digital banking market is being driven on two simultaneous tracks with private market solutions and regulation;...
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FintechNews RoundupUSA
·Feb. 25, 2020

RBC Has Plans for Consumer Bank in 2020

RBC shared during an earnings call last week that they intend to launch a direct-to-consumer bank in the US in...
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FintechNews RoundupUSA
·Feb. 25, 2020

Ken Lin, Co-Founder of Credit Karma to Receive Windfall from Sale

Ken Lin started Credit Karma back in 2007; since then the company has attracted 100 million members and brought in...
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FintechNews RoundupUSA
·Feb. 25, 2020

Quontic Bank Believes it has Built a Digital Bank to Scale

Quontic Bank started with just one branch and about $20mn in assets before CEO Steve Schnall recapitalized and set a...
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FintechNews RoundupUSA
·Feb. 25, 2020

LendingPoint Announces Two Securitizations Totaling over $240 Million

LendingPoint has closed two securitizations, one composed of direct to consumer loans and the other of point of sale loans;...
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FintechNews RoundupUSA
·Feb. 24, 2020

Intuit to Acquire Credit Karma for $7 Billion

Over the weekend we learned that Intuit, the makers of TurboTax, Mint and Quickbooks, is close to acquiring Credit Karma,...
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FintechNews RoundupUSA
·Feb. 24, 2020

Financial Identity as a Service Could Reshape Financial Inclusion

A new report by Oxford Economics and fintech startup Juvo says mobile network operators could help solve the financial identity...
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FintechNews RoundupUSA
·Feb. 24, 2020

Banks Embrace Ethical AI

IBM laid out plans last month on new AI guidance to ensure it is done in an ethical way; according...
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