The official launch of the Apple Card ratcheted up the pressure on banks and fintechs as the fear of big...
This year has already seen some major shifts in focus for the BNPL market- should banks be concerned about the B2B focus?
For a long time the big players in trade finance have been HSBC, BNP Paribas and Citigroup; in recent years...
AutoFi has announced a new partnership to expand its online point-of-sale auto financing solution; AutoFi has now partnered with iLendingDIRECT which includes a network of credit unions; the new partnership builds on a recently announced offering with Ford Credit and also adds to the platform's extensive auto lending network of banks and specialty lenders. Source
Stash has quickly become one of the hottest fintechs and the company has seen continued success during the current pandemic;...
Acorns is a US micro-investing app that invests spare change in ETFs; it has announced the appointment of former Wealthfront CEO, Adam Nash, to its board of directors; the firm also says it is researching behavioral economics as part of its marketing strategy and has added Shlomo Benartzi, professor and co-chair of the Behavioral Decision-Making Group at the University of California, Los Angeles, to its board. Source
It is not often we hear from Cadre which is an investment platform for real estate; Allen Smith was previously...
Last week we learned that Yieldstreet investors were going to have access to Citi private credit investments through a new...
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
JPMorgan Chase has been active in fintech partnerships with firms like Truecar, OnDeck and Roostify; they are now partnering with Bill.com in an effort to eliminate paper checks; JPMorgan spent $600 mn last year building fintech solutions and partnering with firms according to a letter CEO Jamie Dimon sent to shareholders in April. Source