For many people the mortgage application process is the most stressful of all financial transactions. It is fraught with challenges and obstacles as lenders often require a huge amount of documentation before approving a loan. But this cumbersome process is slowly changing as fintech companies address mortgage lending head on. Our next guest on the […]
Today’s News
- JP Morgan Creates Digital Token for PaymentsThe news marks the first time a major US bank has created a cryptocurrency; the bank plans to start trials in a few months with their new JPM Coin; the token will allow the bank to instantly settle payments between clients and each coin can be redeemed for a single dollar, a concept similar to […]
- Big Banks Providing Funding for CommonBondCommonBond is receiving $750 million in lending capacity from Barclays, BMO, Citibank, Goldman Sachs and ING; CEO David Klein commented that the funds will allow them to continue to offer competitive interest rates on its services; CommonBond surpassed over $1 billion in lending last year and since launching in 2011 has lent $2.5 billion; the […]
- Key Lessons Banks Can Learn from Uber and AmazonAs financial services continues to become more digital there are a number of lessons they can take from leading companies like Amazon and Uber; writing in Business Insider Bruce Lowthers, the co-chief operating officer at financial technology services provider FIS, talks about the top 4; become customer experience obsessed because user, especially younger one’s, are […]
LATEST PODCASTS
Podcast 187: Nima Ghamsari of Blend
For many people the mortgage application process is the most stressful of all financial transactions. It is fraught with challenges and obstacles as lenders often require a huge amount of documentation before approving a loan. But this cumbersome process is slowly changing as fintech companies address mortgage lending head on. Our next guest on the […]
Podcast 186: Susan Ehrlich of Earnest
The student loan refinancing space didn’t exist 10 years ago. Now, with the outstanding total of student loans reaching $1.5 trillion, tens of billions of student loans have been refinanced in the past decade saving students hundreds of millions of dollars in interest. Our next guest on the Lend Academy Podcast is Susan Ehrlich, the […]
Podcast 185: Jeffrey Meiler of Marlette Funding
The marketplace lending industry began with personal loans and it is still our biggest vertical when it comes to loan volume. Much of this volume has actually gone to consolidate credit card debt. Which is one of the reasons why many companies look to the credit card industry for expertise. Our next guest on the […]