Last week the fintech world gathered in San Francisco for the 7th annual LendIt Fintech USA conference. As I do every year at this time I will share many of the highlights from the keynote presentations and other parts of the event. We kicked off the event with a fascinating discussion that encapsulated so much […]
Today’s News
- T-Mobile Making a Big Push Into BankingT-Mobile is officially getting into banking with a big nationwide push to sign up customers for no-fee checking accounts; you don’t have to be a T-Mobile customer to sign up for a T-Mobile Money account which comes with with no monthly fees, overdraft fees, ATM fees or other charges; T-Mobile is partnering with BankMobile, a […]
- Funding Circle’s Revenue Grows 40% in Past YearToday, Funding Circle gave its first quarter trading update in the U.K. and continued to show solid growth; loans under management grew to a new high of £3.4 billion, a 44% increase from the first quarter of 2018; Q1 originations grew by 23% to £644 million while revenue grew by 40%; this growth was in […]
- The U.S. is Following Europe’s Lead in Open BankingThis American Banker op-ed on open banking discusses the progress that has been made in Europe, particularly the U.K., and how the U.S. government has chosen to follow, not lead, in this new area; while from a regulatory perspective the U.S. may be trailing many American banks are recognizing the importance of third parties being […]
LATEST PODCASTS
Podcast 194: LendIt Fintech USA 2019 Preview
The fintech world will be gathering in San Francisco next week for LendIt Fintech USA 2019. To help you navigate the show I chatted with my two LendIt colleagues, Todd Anderson and Ryan Lichtenwald, who have been working with me for the past several months on the agenda for the show. We cover the different […]
Podcast 193: Anthony Noto of SoFi
SoFi is certainly one of the more interesting companies in fintech. They started life focused on student loan refinancing, a category they invented back in 2011, but have morphed into what is the most diversified company in all of fintech. They have not just moved into other areas of lending, they have moved quite aggressively […]
Podcast 192: Douglas Merrill of ZestFinance
Much has been written about machine learning and the impact it will have on the future of finance. But when it comes to credit one of the challenges with implementing machine learning models has been explainability. You have to be able to explain to a rejected borrower why they were denied credit. Our next guest […]