Famed venture capitalist Mary Meeker is out with her annual intervened trends report which is seen a required reading for...
A new bill has been introduced in Congress that would mandate the IRS to make their data available via API; the current process for lenders requires borrowers to fill out a form known as IRS 4506-T: Request for Transcript of Tax Return; Lend Academy provides additional information on the bill with thoughts from Congressman McHenry and Nat Hoopes, Executive Director of the Marketplace Lending Association. Source
More than 6 million Bank of America customers are now using the Erica virtual assistant and it has processed more...
Crunchbase shares the top seed, early and late-stage investors by total number investments since January 2017; topping the list in seed stage investments was Y Combinator with 28 total fintech investments followed by Plug and Play and 500 Startups; Plug and Play topped the list in the early-stage category; Bain Capital Ventures led in late stage investments with 6 followed by General Catalyst, Khosla Ventures, Menlo Ventures, Spark Capital and Union Square Ventures who all completed 5 deals in the time frame. Source
PIMCO’s CTO Dirk Manelski told Business Insider that the asset manager is building a data science platform for all their...
Chip Mahan, helped build Live Oak Bank as well as nCino; now Mahan along with Gene Ludwig are creating a...
Issuance in Q4 2018 totaled $2.6 billion, the slowest pace of issuance in 5 quarters; this represented a decrease of...
The insurer launched a product based on taking a photo of yourself and their technology will then estimate a number of items based on the photo; the product is launched at SelfieQuote.com and according to Coverager this is the first products of its kind; this is currently being used in beta mode and the technology comes from Lapetus Solutions, Inc.; after the initial beta period Legal and General America will decide if this solution will become a mainstay of their offerings; Jim Galli, executive vice president of business strategy and innovation for Legal & General America, tells Coverager, "This could revolutionize the life insurance application process for millions of consumers, as it allows for a much more engaging user experience while also showing in a matter of seconds how affordable a life insurance policy can be." Source
Goldman Sachs continues to expand into consumer lending and plans to offer home improvement loans this month; the loans are non-secured personal loans with interest rates lower than credit cards but higher than HELOCs; the company believes the quick financing time will be attractive compared to a HELOC. Source
A new report by JPMorgan says they don’t believe blockchain technology will be transformative for the global payments system and...