In an op-ed in American Banker the executive director of the Marketplace Lending Association, Nat Hoopes, argues that small banks...
·
[Editor’s note: This is a guest post from Stephen Sheinbaum, Founder of Bizfi, an aggregation marketplace that offers many kinds...
Financial institutions are becoming more involved with fintechs as the new entrants show advantages in speed, agility and emerging innovation; CoinTelegraph reports on the industry integration, noting examples from Goldman Sachs, JPMorgan and HSBC; discusses the benefits for financial institutions from working with fintechs and the capital support needed by fintech startups which is making the two groups interdependent. Source
The small dollar lending space is starting to see some real innovation. After banks have basically ignored this population for...
Lend Academy reports on the intersection of banks and marketplace lending in their article; Zopa, the industry's first P2P lender, is leading the way again; it is now the first P2P platform to seek a bank license; SoFi also says it has plans to take deposits and has been leading the market in product expansion; at the same time digital banks are becoming more prevalent and fintech partnerships are occurring industry wide. Source
There have been many bank partnerships with marketplace lenders however there haven't been any done with real estate crowdfunding platforms; Allen Shayanfekr, CEO of Sharestates, predicts banks will partner with real estate platforms in 2017; says banks could lower costs and require less investment in new products by partnering with real estate platforms; Allen Shayanfekr outlines three types of scenarios for partnerships including: bank as originator, bank as capital provider and white labeling. Source
The problem of disparate data is something all banks have been struggling with and TD Bank seems to have found...
According to a new survey by LightStream 75 percent of respondents plan to pursue a home improvement project in 2020...
P2Binvestor (or P2Bi for short) is an asset-based small business lender that has been around for a few years. I am...
Apple and Goldman Sachs have partnered on a new credit card which will include iPhone features to help people manage...