Prosper tightened its credit underwriting in July resulting in a shift toward lower risk loans; the changes caused a total portfolio coupon decrease of 45 basis points and a return estimate decrease of 26 basis points; reported lower charge-off levels from 2016H2 loans and higher delinquencies from loans issued in 2016 and 2017; C-rated loans accounted for the greatest portion of the total portfolio at 31.54%; estimated weighted average return for the month was 7.75%. Source
The real estate platform PeerStreet temporarily paused lending last month due to the coronavirus; now they have resumed lending with...
In a note circulated to clients equity research firm D.A. Davidson said Overstock.com is the clear leader in blockchain technology; "Our research increased our conviction that, today and likely in the near-term, Overstock stands head and shoulders above the others" analyst Tom Forte of D.A. Davidson said as reported by Business Insider; the company was the first retailer to accept bitcoin payments and as a result saw their stock rise 265 percent in the last 12 months. Source.
There is a growing trend in fintech that shows where the most disruption is happening, financial advice and management; while...
A recent article in Forbes shared a survey of US consumers that shed light on the traction of digital banks...
Green Dot’s Founders & CEO Steve Streit left the company in December 2019 as they were transitioning from prepaid card...
Deciding what new technology works best is a struggle that community banks are continuing to work through as they try...
Small businesses are eager to get assistance from the $349 billion lending program for small businesses; it appears that businesses...
OnDeck has announced a new partnership with Wex that will provide credit financing options for Wex's customers; Wex currently provides payment solutions and credit services for corporations and small businesses; the partnership will offer OnDeck's loans of up to $500,000 and credit lines of up to $100,000 for Wex's customers. Source
A new report by analyst Karen Shaw Petrou argues that fintech firms pose just as many risks as they do...