Saul Van Beurden, Head of Technology at Wells Fargo, sat down with American Banker to talk about the bank’s response...
The new rule forces lenders to to assess whether borrowers can repay the loans and limits rollovers, where customers take out new loans to repay old ones; the new rule is likely to face legal challenges and is primarily focused on loans under 45 days. Source
The securitization portfolio will include private consumer loans from the SoFi platform; associated parties on the deal include PwC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA LLC; according to Finsight, the securitization is SoFi's ninth this year with the last being a $500 million transaction that took place in June. Source
Earnin operates in the earned wage access space; they are going the B2B route, partnering with employers to offer benefits...
From the LendIt Fintech Jobs Board: Leading tech-enabled asset manager, Pagaya Investments, is seeking a Business Development Analyst to support...
In 2018 fintechs proved to be relevant disruptors and their equity value continued to outpace incumbents. Looking ahead to 2019,...
OnDeck Capital's chief operating officer, James Hobson will be leaving OnDeck; according to Reuters, Hobson will be taking a new role as chief executive at online insurance company Attune; Hobson will remain in the role until March 15. Source
Community banks and small regional banks say that working with fintechs has become essential to their businesses in order to...
In this week’s PeerIQ Industry Update they cover the surprising jobs report that sent markets shooting up on Friday with...
Writing in Forbes Alex Lazarow of Cathay Innovation discusses the challenges of scaling of fintech startup in an emerging market;...