#Marcus, the #consumer #lending arm for #Goldman Sachs, wants to become the one-stop shop for many of your financial matters, except for one: #credit #cards — at least for now. “Our fundamental thinking on the credit card space is that there is a lot of innovation that is required. It is true that the industry has a […]
Bank Innovation
PREMIUM – #Azlo will begin offering #lending services to small businesses and gig #economy #workers this fall, the company announced last week. The #fintech, which is backed by BBVA Compass, will be partnering with an undisclosed “non-traditional lending platform” to originate loans. These loans will range between $ 10,000 and $ 100,000, and even less Azlo CEO […]
Bank Innovation
EXCLUSIVE—Chinese consumer finance firm #LexinFintech will be using its IPO funds to expand its #technology suite, keeping its focus on developing #products that will make the consumer experience easier, the company told Bank Innovation. “We will put it more in the technology side, we will keep focusing on that area,” Craig Yan Zeng, chief financial […]
Bank Innovation
EXCLUSIVE- Point-of-sale #lender #Affirm raised $ 200 #million in a new funding round, bringing its total equity funding to $ 450 million. The Series E round was led by Singapore’s sovereign wealth fund GIC. Other investors included Khosla Ventures, Lightspeed Venture Partners, Founders Fund, Spark Capital, Caffeinated Capital, Ribbit Capital and others. This new round in funding increases the […]
Bank Innovation
EXCLUSIVE- It’s a truism that #banks can&8217;t work together, but we live in an age of consortia, where groups of banks get together on things like #blockchain (though, some have said they are more like “blockchain support groups.”😉 #Pivotus Ventures, a wholly owned subsidiary of Umpqua Bank, famous for its highly designed branches and fanatical […]
Bank Innovation
EXCLUSIVE- It’s a truism that #banks can&8217;t work together, but we live in an age of consortia, where groups of banks get together on things like #blockchain (though, some have said they are more like “blockchain support groups.”😉 #Pivotus Ventures, a wholly owned subsidiary of Umpqua Bank, famous for its highly designed branches and fanatical […]
Bank Innovation
Now in its 15th year of operation, CLS #Group is launching some new features to provide faster #settlement and a better view of market activity.
Financial Technology
This has been a good year for #Affirm, the lending startup established by PayPal co-founder Max Levchin. The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new #products in the fall to moving into a permanent office space. “As of July, we […]
Bank Innovation
This has been a good year for #Affirm, the lending startup established by PayPal co-founder Max Levchin. The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new #products in the fall to moving into a permanent office space. “As of July, we […]
Bank Innovation
#Free #credit reporting company Credit Karma reported more than $ 500 million in #revenue in 2016 — a 50% increase compared to the prior year &8212; hitting 70 million members since the launch of its flagship product &8212; credit monitoring &8212; in 2012, the company announced this week. What’s the secret to its success? Free #products […]
Bank Innovation
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