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.
U.S. Economy Fuels Boom in Consumer Debt from The Wall Street Journal – Total consumer debt (credit cards, auto, student and personal loans) is set to top $4 trillion in 2019 but Americans still seem to be in better financial health.
Can AI’s ‘black box’ problem be solved? from American Banker – The key to success implementation of AI in underwriting is to make it explainable. Good roundup of where we are today by Penny Crosman in American Banker. I think this is going to be a significant trend in 2019.
Banks need to think outside the app from American Banker – There are interesting new ways that large banks are engaging with customers outside of finance channels. Great examples from China and Belgium.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.