S&P Dow Jones Indices and Experian recently released data through December 2018 which showed that default rates across all loan...
Carvana has filed for a US initial public offering (IPO) and plans to list its shares on the New York Stock Exchange with the ticker symbol CVNA; the online auto dealership sells its cars from vending machines located across the US; the company is planning to raise $100 million from the IPO and is working with investment bankers at Wells Fargo, Bank of America, Citigroup and Deutsche Bank on the deal; its registration statement reports significant risks including higher public registration costs and profitability uncertainty. Source
In this guest post Tobias Briegel explores the intersection of blockchain technology and real estate. Source
Betterment is looking to cater to their wealthier clients as they make portfolios more personalized; they launched the Betterment Flexible Portfolio which allows customers to shoes how assets weights are allocated; the typical Betterment client uses the asset weights set by the robo advisor, but this feature is meant to personalize the wealth clients portfolio; the move will try to help the company to position themselves as a full service firm that can cater to different levels of clientele, not just the younger investor. Source.
Lloyds Banking Group has signed a five year deal with Google Cloud in a bid to streamline the bank’s customer...
Akoya is currently Fidelity’s data-sharing arm but now will become its own company, owned by Fidelity, The Clearing House and...
There has been a number of news items in recent weeks about how difficult it is for banks and fintech companies to work together; banks tend to be more intrusive and fintechs come with a significant culture shift; one thing has become clear and that is the benefits outweigh the hassle; banks and fintech companies benefit greatly from partnering and customers clearly when they do. Source.
LendIt Fintech has teamed up with Oracle Financial Services to bring together a discussion amongst leading banks focused on small...
The Clearing House is a real time payments network owned by a consortium of some of the biggest banks; there...
At an event held by the CFPB banks, fintechs, regulators and consumer advocates discussed the data sharing experience; screen scraping...