One of the most powerful things about getting an online personal loan is being able to get out of high interest debt like credit card debt. Debt consolidation is one of the primary use cases for loans through platforms like LendingClub, but the benefits of a lower rate personal loan are only realized if the […]
Today’s News
- Facebook’s Libra Borrows from Other CryptocurrenciesThe long awaited white paper for Facebook’s crypto project is out and the details show the social media giant borrowed different aspects from the market for their GlobalCoin; CoinDesk examined the 29 page paper and provided some interesting insight; similar to bitcoin there is no real identity, like Hyperledger the blockchain will be permissioned to […]
- Facebook’s Libra and Calibra, ExplainedThere has been plenty of talk as of late about Facebook’s plans in payments and blockchain; today they announced what their vision is for Libra which is a low to no cost global payments and financial services ecosystem; within the ecosystem will be Calibra which is a digital wallet; both Libra and Calibra are slated […]
- ING Sees Open Banking as Core to Their FutureWith the advent of open banking ING says they see themselves more as an intermediary within a financial services marketplace; the Dutch based bank owns 65 percent of open banking activity in the UK through their personal financial management app Yolt; the bank is amongst the first to fully embrace open banking, most others are […]
LATEST PODCASTS
Podcast 203: Viola Llewellyn of Ovamba
There is an interesting juxtaposition in Africa. On the one hand you have incredibly successful mobile payment initiatives like M-Pesa in Kenya and Paga in Nigeria. On the other hand you have most of the 1.1 billion people that are incredibly underserved when it comes to financial services. Small business funding may be one of […]
Podcast 202: Giles Andrews, Fintech Pioneer
Before there was such a thing as fintech, before peer to peer lending was invented, a group of young executives had the crazy idea to start an eBay for money in the UK. Originally named Rialto (a bridge linking two market squares in Venice) the company that would become Zopa needed to raise some money […]
Podcast 201: Jared Kaplan of OppLoans
Short term lending has a bad reputation in some circles, often deservedly so. But there are tens of millions of consumers in middle America who are non-prime but still have credit needs. They don’t qualify for a loan at any of the prime online lenders like LendingClub, Prosper or Marcus. So where do they go? […]