EXCLUSIVE— #Banks are competing on multiple new platforms, with a rising number of competitors, but traditional banks still have the majority of the #consumer’s #trust: at least according to Carey Kolaja, chief product officer for #Citi #Fintech. While fintechs and other FIs continue to nudge their way into the #financial ecosystem, 87% of consumers “still […]
Bank Innovation
#Shares for marketplace lender, #LendingClub, plunged sharply yesterday #after the company lowered its profit guidance during its #investor day presentation. The company’s shares went down 15% to 22% yesterday, according to various sources, and reached an all time low of $ 3.29 per share — approximately an 80% drop from its initial IPO price in 2014, […]
Bank Innovation
EXCLUSIVE— Online lender #LendingClub Corp. reported revenue at an all-time high, growth in loan originations, and declining losses during its third quarter earnings yesterday, but its guidance for the fourth quarter has sent its stock plummeting. LendingClub stock fell 22% in the hours after the company’s earnings call. The decline comes after the company’s CFO, Thomas […]
Bank Innovation
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