According to a New York Federal Reserve report, online mortgage lenders approve loans faster, experience fewer defaults and encourage more refinancing; not surprisingly they are also able to respond to customers as demands shift; the report studied banks and fintechs to better understand the market; lending from fintechs has grown by 30% annually since 2010, from $34 billion to $161 billion, representing 8% of the market. Source
Anew approach to the FCA and how they interact with fintech, focusing on fostering innovation, being intelligence-led, and preparing for the future.
On today's episode, I am joined by José Carlos, Co-Founder & Co-CEO of Palenca.
Many customers want to improve their risk profile while offering decisions to their customers quickly; Join us for the webinar...
After avoiding section 1033 of Dodd-Frank for 12 years, in October the CFPB announced proposals for action. Plaid now offers their advice.
One of the main challenges with the emergency loan process is access to payroll data; small businesses across the country...
AliPay launched a free service this week which allowed users to generate a profile based on their shopping history; users who signed up were automatically enrolled in their credit-scoring system called Sesame Credit unless they unchecked a box; this led to an outcry from users and a subsequent apology from the company; Bloomberg shares how this highlights a broader concern over transparency of user data in the country. Source
Markaaz is building the definitive place for all businesses to connect, powered by its pre-verified directory of over 100 million businesses.
The problem of disparate data is something all banks have been struggling with and TD Bank seems to have found...
Hyperpersonalization is the next frontier for consumer engagement in financial services. Traditional FIs may be facing a disadvantage.