Chase is starting a new marketing campaign by using GIFs across social media channels in an effort to get millennials to use their QuickPay product by Zelle; the campaign shows a shift by the bank to make campaigns more personalized and geared at a younger target market; Donna Vieira, chief marketing officer for Chase’s consumer bank tells TearSheet, “The channels, mediums and media you use; the copy and creative form like memes and GIFs. Clearly 15 years ago this would be nonexistent, but it’s how this audience communicates with each other, tells their stories and what they find engaging.”; Chase saw a 50 percent increase in p2p transactions in 2017 and a 15 percent increase in new enrollments for their app. Source.
LendingClub has recently updated the way users can setup automated investing within their account; Lend Academy’s post and accompanying video...
CircleUp facilitates equity investments in consumer good companies; Rory Eakin, Co-Founder and COO of CircleUp discusses how they conduct due diligence, their unique data analysis tool they have built in house and the new debt product they are piloting. Source
BBVA thinks it has solved the issue of making the customer experience more efficient but still secure; the bank has...
The Community Home Lenders Association and the Community Mortgage Lenders of America sent a joint letter to the CFPB asking for more clarity around surprise audits; the companies cite exemptions for small banks but they don’t have the same type of exemption for small nonbanks; they believe if the state regulator in which they operate requests a formal action then an audit can go ahead but surprise audits should not be permitted. Source.
There has been a wide trend in recent years to use automated investment advice as it is seen to be...
Speaking at EthCC, an Ethereum conference in Paris, JPMorgan’s Amber Baldet talked about the concerns of private and public blockchain builders; “These problems really aren't so far apart, it's just that people are trying to solve the problems in different ways,” says Baldet as reported by CoinDesk; she doesn’t think public and private blockchain need to be so different, what everyone wants is the ability to interoperate; CoinDesk went on to interview Amber about building connectivity, feedback loops and more. Source.
Nomura analyst Dan Dolev says that Square resembles Amazon and Google in the early days of those tech giants; "In 10 years, Square is likely to be a very different company helped by accelerating share gains from payment peers and relentless disruption of services like payroll and HR," Dolev said in a note to clients that was reported by Business Insider; the combination of new business ventures and increasing the number of ways they process payments are twos of true main reasons for the optimism; shares were trading almost 5 percent higher on Friday after the note. Source.
From the LendIt Fintech Jobs Board: Leading tech-enabled asset manager, Pagaya Investments, is seeking a Business Development Analyst to support...
In the latest issue of their biweekly loan performance report dv01 shares that total impairments in online lending have fallen...