Fundbox has hired Marten Abrahamsen, a former investment banker to fill the CFO role at the fintech company; Fundbox provides...
Envestnet’s Yodlee, Quovo and Morningstar’s ByAllAccounts have come together to establish a data sharing framework with banks and fintechs; the...
Over $40 billion was invested in fintech in 2018 according to CB Insights; Now just a couple of months into...
Businesses around the United States have been significantly impacted by the coronavirus; at LendIt Fintech we postponed our USA event...
While crypto markets have shook up the traditional financial world they are still vulnerable to market manipulation; recently crypto exchanges...
The Federal Reserve has announced it will hold an industry conference on financial innovation, titled, "Financial Innovation: Online Lending to Households and Small Businesses"; the event will take place on December 2 and will involve academics, industry participants and policymakers; discussions will focus on academic research and the evolving online lending industry. Source
The platform announced their latest securitization which is a $233.75 million deal; provisional ratings of AAA were given by both Moody’s and DBRS; this is CommonBond’s sixth transaction and they have now securitized a total of $1.22 billion in loans. Source
Google, Apple, Facebook, Amazon, and Microsoft, or GAFAM as they are beginning to be know are continuing their move towards financial services; payments have become one area in particular where they have seen the tech giants making inroads; mobile wallets for in-store payments, money transfers between friends and even loans to small businesses; tech giants have only started to disrupt fintech as they look to become bigger players in consumers financial lives. Source.
Forbes reports that Vanguard is leveraging blockchain technology to ingest data on mutual funds totaling $1.3 trillion of their $5.2...
Banking is continuing to evolve and there has been a trend to talk about how the challenger banks will take...