In April 2018, LendingClub provided us with $5,000 to open a brand new account. Since then we have been chronicling the status of the account on a quarterly basis. Below are links to the full series of blog posts in chronological order: How to Open Up a New LendingClub Account in 2018 Setting Up LendingClub’s Automated Investing […]
Today’s News
- Fintechs Might See ILC Charters as the Way ForwardThere is uncertainty surrounding the OCC fintech charter because the Fed is rumored to not fully support the idea; that now puts the industrial loan charter back in focus as another option for non banks and fintech firms; Square’s application is seen as the test case, if approved you might start seeing more companies apply; […]
- ING Bank Strikes 5 Year Agreement with R3ING Bank has come to a 5 year agreement with R3 that will allow the bank to have an unlimited number of commercial blockchain platform licenses; ING can now launch CorDapps for trade finance, identity, insurance and capital markets; “ING has been an enthusiastic adopter of blockchain technology and a valued long-term partner to R3,” […]
- Alipay Granted eMoney License in LuxembourgAlibaba’s Alipay was granted an eMoney license in Luxembourg to allow the company to serve customers across Europe; the eMoney license provides Alipay the ability to passport their services across different countries; with an influx of Chinese tourists across Europe Alipay is ensuring they have access to services they are already comfortable using; the license […]
LATEST PODCASTS
Podcast 183: Adam Roseman of Steady
Most fintech companies are focused on lending, payments, financial management or some kind of back office tech. There are very few companies focused on the income side of the equation, particularly when it comes to helping people maximize their earnings from a second job. Our next guest on the Lend Academy Podcast is Adam Roseman, […]
Podcast 182: Dave Girouard of Upstart
Machine learning in underwriting is all the rage today and has been now for a couple of years. But the first online lender to really hang their hat on this technology is Upstart. It is core to their business and it is why they applied for and received a no action letter from the CFPB […]
Podcast 181: James Garvey of Self Lender
Since the invention of the FICO score, when it comes to building credit there has been a real chicken and egg problem. It is difficult to obtain credit unless you have already established a decent credit score. Despite all the advances in fintech this is a problem that has remained largely unsolved. Our next guest […]