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. Buy now, pay later startup Affirm just launched a high-yield account with an eye-popping rate. by Business Insider […]
Today’s News
- OCC Seeks Public Input on Digital Banking and Cryptocurrency UseYesterday, the OCC said it was reviewing its regulations around digital banking activities that includes looking at cryptocurrency and blockchain tools; Acting Comptroller, Brian Brooks came to the OCC from Coinbase and he has been on the board of Avant so he knows the fintech space better than most regulators; the OCC will seek public […]
- Revolut Reducing Staff Numbers Further Amid the CrisisThe digital banking space in Europe continues to suffer in the crisis with AltFi reporting that Revolut is looking to further reduce its staff; while last month the company let go of 62 staff there are now reports of 50 employees being told to “quit or be fired”; the Revolut office in Krakow, Poland, the […]
- 12 Percent of UK Residents Switched to Digital BankingAccording to Tony Moroney, Managing Partner at Beta Digital, 12 percent of UK residents switched to digital banking between March 14 and April 14; the trend follows almost all other industries where digital is now at the forefront of business; the trend in digital banking has slowly caught on in the UK, and the world; […]
LATEST PODCASTS
Podcast 250: Jacob Corlyon and Alistair Canal of Capital Collection Management
It is often said in the lending business that it is easy to loan money out, the difficult part of trying to get it back. And in challenging times, like we are living in now, that job becomes even more difficult. So, I thought it was time we talked about strategies for collecting money in […]
Podcast 249: Stephen Dash of Credible
In today’s world to build a success intermediary business you have to be able to add obvious value to the consumer. While some consumers are happy to shop around for the best deal many want someone else to do the legwork for them. And if that legwork guarantees them the best deal then you can […]
Podcast 248: Jon Barlow of Finitive
Raising capital for non-bank lenders is a time-intensive endeavor and the same could be said for investors deploying capital on these platforms. It would be better if there was an intermediary between these two parties that could make this whole process more efficient. Our next guest on the Lend Academy Podcast recognized this problem and […]