Lending

IBM Offers Expanded Services and Security for Blockchain Developers

IBM Offers Expanded Services and Security for Blockchain Developers

by May 2, 2016 at 12:58 pm 0 comments

The financial industry has long discussed the benefits of adopting blockchain – or distributed ledgers – in its operations. Storing records in the cloud are still a major concern, as FIs try to figure out how to tap into the technology, but IBM’s announcement last week may go some way toward removingRead More

Say Hello to Our Spring 2016 Class of Startups

Say Hello to Our Spring 2016 Class of Startups

by April 28, 2016 at 11:00 am 0 comments

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class. The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after aRead More

BlueVine Adds Flex Credit to Unlock Small Business Credit Lines

BlueVine Adds Flex Credit to Unlock Small Business Credit Lines

by April 18, 2016 at 5:18 pm 1 comment

Amid the current slew of mortgage and lending news, the small business loan provider BlueVine is tacking its own service, dubbed Flex Credit, into the fintech wind. This allows the firm to offer lines of credit between $5,000 and $30,000, with transparent fees and pricing. A recurring problem for individualRead More

Top 5 Fintech: Silicon Valley Might Meets South Korean Finesse

Top 5 Fintech: Silicon Valley Might Meets South Korean Finesse

by April 18, 2016 at 11:19 am 0 comments

Last week we observed an upsurge in collaborations between startups and financial institutions, but this week is all startup glory. There are some old pros still doing us proud with 9-figure rounds, like Affirm, but a major Korean vital force is not far behind, in the form of e-commerce and seriously chillRead More

Breaking Banks: Innovate Finance Global Summit 2016 [AUDIO]

Breaking Banks: Innovate Finance Global Summit 2016 [AUDIO]

by April 15, 2016 at 10:56 am 0 comments

Today Breaking Banks hails the world from the Innovate Finance Global Summit in London, where Liz Lumley hosts. FinTech is changing the nature of finance and money. Thus it’s no surprise that Innovate Finance, a phenomenon at the very heart of the UK fintech scene, gathered the most exquisite luminaries fromRead More

3 Startups to Watch: Mt. Merchant, Blockchain Angels, ILI

3 Startups to Watch: Mt. Merchant, Blockchain Angels, ILI

by April 13, 2016 at 12:51 pm 1 comment

Last week, we took a cursory survey of startups working to fill the under-leveraged niches of the fintech world. Today’s roster ranges from an artificial intelligence data analytics service for brick-and-mortar stores to expand into e-commerce, to providing the crash course most of us unfortunately still need to understand what the heckRead More

Hot Hashtag: #LendItUSA Lends Love to #SanFrancisco

Hot Hashtag: #LendItUSA Lends Love to #SanFrancisco

by April 12, 2016 at 11:34 am 0 comments

Last week Money 20/20 lent its fintech passion to #Copenhagen, whose reach surpassed a staggering 3.2 million in a three-day period, surpassing other fintech satellite cities #NewYork and #London, the latter of which barely broke one million during the same three-day period. This week we’re looking at a lending convention lendingRead More

Marketplace Lending Growth ‘Right on Track,’ Lending Club CEO Says

Marketplace Lending Growth ‘Right on Track,’ Lending Club CEO Says

by April 12, 2016 at 9:28 am 3 comments

Is marketplace lending growing responsibly, considering regulatory oversight and despite popular opinion? Lending Club Chief Executive Renaud Laplanche weighs in.

Half of Investors Allocate Capital to Marketplace Lending, Survey Shows

Half of Investors Allocate Capital to Marketplace Lending, Survey Shows

by April 11, 2016 at 6:14 pm 1 comment

Investors see a sunny future for marketplace lending, according to a survey released today by Richards Kibbe & Orbe LLP (RKO) and Wharton Fintech. The results of the survey, titled 2016 Survey of U.S. Marketplace Lending, show that half of investors surveyed have capital allocated for marketplace lending. The year prior, just 29% had investments in the space. TheRead More

Credit-Scoring Tool Wecash Gains 5 Million Users in 12 Weeks

Credit-Scoring Tool Wecash Gains 5 Million Users in 12 Weeks

by April 11, 2016 at 3:56 pm 1 comment

When services scale in China, they go big. Beijing-based credit-scoring platform Wecash recently counted more than 35 million users. Not too shabby, and even better considering that little more than a year ago, it had just eight million. Its most recent boost came from the Hong Kong-based accelerator Supercharger. Wecash took partRead More

Regions Bank Teams Up with Marketplace Lender Avant

Regions Bank Teams Up with Marketplace Lender Avant

by April 8, 2016 at 12:36 pm 2 comments

Regions Bank teamed up with online marketplace lender Avant Inc. to provide customers with a streamlined loan application and underwriting “experience,” the companies announced this morning. Beginning in the second half of 2016, customers can apply for an unsecured loan on the Regions Bank website through the Avant platform, which will carryRead More

Self-Regulation Said to Be a Goal for New Marketplace Group

Self-Regulation Said to Be a Goal for New Marketplace Group

by April 8, 2016 at 10:28 am 2 comments

Marketplace lenders are getting together — well, three of them, anyway. Marketplace lenders Funding Circle, Lending Club and Prosper announced Wednesday the formation of the Marketplace Lending Association, a nonprofit organization that will “promote responsible business practices and sound public policy to benefit borrowers and investors.” It’s a move likely influenced by theRead More