In this week’s PeerIQ Industry Update they cover the slowing growth rate of consumer credit which points to consumers being...
During their most recent earnings call GreenSky announced a new pilot partnership with American Express on home improvement loans; the...
The great fintech consolidation of 2020 continues. While we knew this deal might be coming, as it was leaked last...
PayPal’s shares have climbed close to 75 percent in 2017 and now is considered more valuable than American Express; their market cap has doubled since spinning off from eBay in 2015; while it now finds itself on the heels of Morgan Stanley and Goldman Sachs there is still some who fear they might be valued a bit too high; acquisitions, product diversification and partnership agreements have helped push the company in the last year. Source.
Most countries in the world today have some kind of centralized repository for credit data. But this data exists in...
Data from American Express, Synchrony Financial, Ally and Santander show that while debt levels might be at their highest level...
It all started with a cold LinkedIn message back in 2016. The co-founder of the (then) tiny startup Nova Credit,...
Scott Sanborn discussed the current market environment for online lending in his speech at LendIt USA comparing the industry to the growth of online retail and using Amazon as an example for how businesses can dramatically change and adapt to provide the best services for market needs; online lenders will have to be strategic in identifying market opportunities, building on their proprietary systems and partnering with other companies; Ash Gupta from American Express also noted at the conference the challenges and opportunities presented to online lending through the use of big data; the growing amount of data sourced by the industry has the potential to improve credit models and fraud prevention while also providing broader capabilities through machine learning technology. Source
PeerIQ released their Q4 2018 Lending Earnings Insights Report which points to a number of themes showing the economy is strong...
Payments fintech Stripe announced three major upgrades to their payments platform to help users increase revenue, direct connectivity to major...