China’s central bank as accepted Amex’s application to start a bank card clearing business, but they still need to receive...
Card conglomerates, including Visa, Mastercard and American Express, grabbed multiple headlines in 2018 centered on their adoption of commercial cards as well...
Visa, Mastercard Fined Wirecard for Dubious Transactions Mexico-Based Prop Tech Flat.mx Secures $25 Million in Debt Financing From Arc Labs...
With the fintech world gathering in Las Vegas this week for Money20/20 there was quite a lot of fintech news.
AmEx has recently begun offering personal loans however its loans are only available to existing credit card customers; the firm says its new product is focused on its premium, high-credit quality card customers; overall, the firm appears to be taking a cautious customized approach to the lending product while also using the new initiative to help improve market share and struggling business growth. Source
Cross River Bank announced a collaboration with American Express at Money 20/20 Monday.
On episode 40 I talk with John Paasonen of Maxwell helping lenders serve their communities by channeling mortgage and technology expertise.