In 2018 fintechs proved to be relevant disruptors and their equity value continued to outpace incumbents. Looking ahead to 2019,...
The report is titled “Do Fintech Lenders Penetrate Areas That Are Underserved by Traditional Banks”; the report used account-level data from LendingClub and other US Banks with assets over $50 billion; according to the paper’s abstract: “We find that LendingClub’s consumer lending activities have penetrated areas that may be underserved by traditional banks, such as in highly concentrated markets and in areas that have fewer bank branches per capita. We also find that the portion of LendingClub loans increases in areas where the local economy is not performing well.” Source
Today, we are talking about earned wage access again. I am a big fan of this product and it is...
Savings are the foundation for building wealth, but millions of underserved Americans struggle to take the first step towards establishing financial security through an emergency savings account.
There are literally thousands of different card offerings for consumers today. It is a mature space but also one where...
The new company called Vive just received their restricted banking license from the Bank of England; Vive plans to launch...
The underserved are having a moment. And it is about time. There are more fintech companies targeting the non-prime community...
The fintech industry has come a long way in a short period of time. While financial technology has been around...
