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.
If Tim Cook Won’t Tell The World How The Apple Card Is Doing, I Will by Forbes – New research shared by Ron Shevlin shows that there are 3.1 million Apple Card holders and for 50% of these people it is their only credit card. It shows that Goldman Sachs/Apple are getting real traction with a new audience.
JPMorgan and Goldman Sachs are finally beginning to embrace fintech startups. Here’s how they test the waters before committing to working with them by Business Insider – Wall Street titans JPMorgan, Morgan Stanley, and Goldman Sachs are retooling how they work so they can more easily partner with startups.
Intuit Eyes Buying Credit Sesame, NerdWallet And Finicity by PYMNTS.com – Seems that Intuit might be on the hunt for more fintech acquisitions. After the Credit Karma announcement other companies in their sights could be finicity, Credit Sesame or NerdWallet.
Brismo to be acquired by LoanClear by Altfi – The mini-boom in fintech M&A continues. This time it is across the pond with Brismo Data being acquired by Dutch investor services firm LoanClear.
Podcast Why Citizens Bank got into point of sale lending by American Banker – I really enjoyed this podcast with Penny Crosman and Brendan Coughlin of Citizens Bank discussing their POS financing deals with Apple and Microsoft.
Figure Technologies Securitizes $150M of Home Equity Loans on Blockchain by Coindesk – In a world first Figure has completed a $150m securitization of HELOCs with all aspects of the process managed on a blockchain.
Digital Banks, Payments Startups Face First Major Test in Virus by Bloomberg – Most fintechs were not around during the financial crisis so a looming downturn will be their first major test.
How banks are helping customers withstand coronavirus shock by American Banker – As communities across the country are hit by the coronavirus some banks are stepping in to help.