Popular digital banking app Dave has confirmed it suffered a security breach after a hacker published details of 7.5 million...
David Marcus is the leading force at Facebook who has helped to launch the Libra Project; Facebook’s blockchain lead says...
Rating agency DBRS has reviewed 12 US SoFi securitization transactions encompassing 36 different classes; the rating agency has upgraded 12 classes and confirmed 24; according to the agency, the confirmed classes are performing within expectations and the credit enhancement levels for the upgraded classes are sufficient to cover their new requirements. Source
A potential wave of new banks could start after the successful merger between BB&T and SunTrust; regulatory acceptance and markets...
DE Shaw is a leader in combining quantitative investing with traditional fundamental strategies which has been called quantamental; this has...
Manatt shares that the FTC has finalized their deal with SoFi who was accused of making false statements about student...
On Aug. 30, Coromandel Capital, a secured lender and regular in the Fintech Nexus community, announced a $25-million deal with Nectar, an alternative cash flow provider for real estate and rental operators.
LendingPoint is a near prime lender; in the interview the LendingPoint team discusses how their algorithms work to take thousands of attributes to determine which ones are most predictive; the company is now partnering with hospitals for patients to obtain credit on the spot; LendingPoint originated around $28 million in loans in October with about 60% of applications coming through mobile devices. Source
deBanked has collected originations figures from many of the top small business financing companies; according to data available, OnDeck led 2017 originations with over $2.1 billion; PayPal Working Capital and Amazon Lending are not included in the list. Source
The latest issue of deBanked magazine has an in depth review of the recent LendIt Fintech USA conference in San...