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.
Race to become UK digital banking leader hots up from Financial Times – I would argue the UK is the world’s most competitive and well developed market for digital banking. The Financial Times analyzes several metrics of the major players there to give us a good pulse of the market.
A battle royal for online deposits from American Banker – In the US, despite two interest rate cuts, the market for online deposits is white hot with large banks, community banks, credit unions and fintech companies all competing for the consumers’ money.
Exclusive: Prolific fintech investor Ron Suber joins board of startup as he seeks next big winner from San Francisco Business Times – The godfather of fintech, Ron Suber , has joined the board of Qwil . Great piece by Mark Calvey who has the scoop in San Francisco Business Times.
Max Levchin On The Future-Present Of Everywhere POS Lending from PYMNTS.com – Super interesting development from Affirm this week. They have introduced virtual card technology that allows their customers to pay with Affirm anywhere.
Fake ID fraud is declining, but small lenders are still vulnerable from American Banker – While the growth in synthetic fraud is slowing down there is still over $1 billion in outstanding balances for suspected synthetic accounts.
A Guide to What’s Happening in the Fintech Revolution from Bloomberg – In Bloomberg Julie Verhage gives an update on what is hot in fintech today and where the action is taking place. [Read more…]