During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. The problem with Financial Literacy Month from American Banker – Completely agree with Jennifer Tescher on this. We need […]
Today’s News
- Venmo Preparing to Launch Credit CardVenmo is getting ready to seal a deal with Synchrony Financial to offer a credit card in a bid to drive new revenue streams; the partnership will aim to launch the credit card in 2019; while Venmo has become one of the most popular financial apps the company is still losing money and is estimated […]
- Newer Core Providers See De Novo Banks as OpportunityNewer core bank technology providers like Nymbus, Finxact or Finastra see an opportunity building with the rising trend in de novo bank applications; 2018 saw 19 de novo applications filed, that was more than the 11 in the two previous years combined; the move to offer services to a new bank is a easier path […]
- Credit Quality Data Points Show People Can Handle Increased DebtData from American Express, Synchrony Financial, Ally and Santander show that while debt levels might be at their highest level people so far can handle it and are making payments; Ally CEO Jeffrey Brown explained during the firm’s quarterly earnings call, “Employment conditions remain robust. Wage growth has continued to accelerate in 2019, and the […]
LATEST PODCASTS
Podcast 195: Jerry Nemorin of LendStreet
The CEO and Co-Founder of LendStreet talks financial health with a new approach to debt settlement The debt settlement space has not had a great reputation. But there are situations where it truly is the best option for consumers who are in over their heads financially. But for consumers going through the debt settlement process […]
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 […]