After more than a thousand years of searching, the holy grail of cross-border payments can be found within the next 10 years, a new ECB report suggests.
CB Insights has released their latest report which highlights investments in fintech and sector trends to watch; they found in...
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The OCC Fintech Charter was formally proposed back in December 2016. Along with many other organizations we responded to their...
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
A week ago I wrote about the Cleveland Fed report on “p2p lending”. I use that term in quotes because...
The CCAF released a report showing the impact of COVID-19 on fintech. The verdict? Growth and the potential for increased financial inclusion.
The Cambridge Centre for Alternative Finance is a leading provider of research and reports on fintech across the globe; their...
A recent report by Bain & Company just shares how successful Amazon could be if it were to enter banking; according to the report: "We could imagine Amazon's banking services growing to more than 70 million U.S. consumer relationships over the next five years or so — the same as Wells Fargo, the third-largest bank in the US. Although many retail bankers and observers have pegged the nimble fintech start-ups as the likely disrupters, it has become clear that established technology firms pose a bigger threat.”; the CNBC article shares several of the advantages Amazon would have in banking, products they could expand into and some of the talks that are already taking place with banks. Source
Cumulative issuance for marketplace lending securitization now totals $28.2 billion across 106 deals; Q4 2017 issuance totaled $4.4 billion which was another record quarter; SoFi issued the largest consumer and student lending deals ever; PeerIQ shares other highlights in their quarterly report. Source
A recent report titled Three Myths About Peer-to-Peer Loans by the Federal Reserve of Cleveland makes some dubious claims about the marketplace lending sector; Lend Academy shares information from the report and questions the data provided. Source