Online lending is the darling of venture capitalists — witness Lenda, the startup specializing in home loans that announced a $1.5 million raise yesterday — and the space as a whole is white hot. “Consumer finance is the last big industry to move online,” Doug Lebda, founder and CEO ofRead More
Fintech Sandbox, a newly launched non-profit looking to cultivate financial services startups, has quietly scored a crucial sponsor: Silicon Valley Bank.
More than 280 companies entered the Innotribe Startup Challenge but just two emerged triumphant: the money movement service Epiphyte, and Matchmove, which offers virtual credit cards.
To explain the remarkable technology innovation coming out of Israel, one Israeli entrepreneur once said that in the tiny nation, “there’s zero tolerance for work-arounds.,” This is the kind of attitude we are looking forward to seeing aimed squarely at fintech. Indeed, on Oct. 22-23, Leumi, one of Israel’s largestRead More
Fees are on the rise across the retail banking sector, and customers on the hunt for “free checking” will have a difficult search ahead.
The second and final day of Finovate Fall 2014 saw several strong presentations on the stage. There was were no drones, costumes or grunting, on Day 2 as there were in Day 1, but overall the demos were stronger, especially early in the day.
Finovate Fall 2014 is halfway over and if you were one of the nearly 1,500 attendees packed into New York’s Hilton Midtown, you saw two costumed superheroes on stage grunting as they apparently tried to open an account on a mobile device.
Thee were also 34 other demos.
Long lines were forming outside AT&T shops long before dawn this morning — and least in Manhattan — in what can only be described as a consumer frenzy. But all the hype surrounding the iPhone 6/6 Plus launch today was leveraged to a whole other level today by MasterCard, anRead More
Funding Circle’s co-founder Sam Hodges spoke to Bank Innovation about the company’s recent funding, the LeapPay acquisition, and Lending Club’s upcoming IPO.
Is the intensity of banking innovation really heating up?
Lending Club has filed a $500 million IPO, according to S-1 filings sent to the SEC. Interestingly, Lending Club’s S-1 filing lacks key information that might give insight into the still-private company.