Two bears, together at last — or at least two bear logos. Bank of the West was named the Official Bank of the University of California, Berkeley in late October. Both institutions use the now-extinct California grizzly bear (Ursus arctos californicus) in their logos. The ten-year deal is more than justRead More
SEOUL — Should traditional bankers pay heed to the soon-to-launch direct bank by Baidu, the Chinese Google, and its bank partner, CITIC Bank Corp.? Yes, in the same way that seven-year-olds find cheese melting on toast fascinating. Certainly, Baidu has the right partner in CITIC, which has around $32 billion of assets, for itsRead More
TEL AVIV — Mariano Belinky is arguably the Most Famous Man in Fintech Today. And not just because of his Spanish accent. No, it’s because Business Insider made a big deal last week about how Belinky has reviewed 820 fintech startup pitches this year for the bank’s $100 million VCRead More
TEL AVIV — There’s OnDemandEconomy.org, and even @ondemandeconomy. The on-demand economy has even made its way into the presidential election. Republican presidential candidate Marco Rubio last month vowed to stifle government regulation of “on-demand” startups like Uber and Airbnb that he “considers models for a changing national economy.” The on-demand economy is generally definedRead More
Eight fintech startups competed Tuesday in Tel Aviv at Bank Innovation israel, among the first international fintech conferences to be held in Israel.
Bank Leumi CTO Ilan Buganim is taking time out of his busy schedule — more on that below — to participate in a fireside chat at Bank Innovation Israel in Tel Aviv next week. Bank Leumi has a lot going on for Buganim to oversee, including a core banking overhaul and shifting a number of banking services to the cloud.
Peer-to-peer lenders are increasingly expanding their scope of business, and banks can choose to either compete with the disrupters, or collaborate with them to boost their own bottom lines. Either way, banks have the opportunity to transform their models by adopting some of the P2P lenders’ best practices in offeringRead More
Historically — and by “historically” I mean since the early 2000s — aggregators have largely fueled online lending. But something seems to be happening in the online lending aggregation space, or at least aggregation of small business lending. Yesterday, OnDeck Capital reported its third quarter earnings (+67% YOY originations growth), andRead More
EIght startups have been chosen as finalists in the DEMOvation Challenge at Bank Innovation Israel 2015. The finalists will demo their products at Bank Innovation Israel next week in Tel Aviv.
Google Wallet is still “money” — but that’s hardly encouraging news for mobile payments at the point of sale. A month and a half or so into the life of Android Pay, Google Wallet, now essentially a peer-to-peer payment app, is still more popular. It’s called Google Wallet (New) in Google PlayRead More
Why did Santander Consumer USA decide yesterday to ditch its agreement to buy loans from Lending Club? This is an important question because the conventional wisdom is that peer-to-peer credits, well, rock. First, the details. Back in July 2013, Santander, mainly an auto finance company, made a deal with LendingRead More