USA

Aug. 3, 2017

The Adoption of Mobile Apps in Banking

Celent is a research and advisory firm to mid and large sized banks, credit unions and technology providers; the company partnered with FI Navigator to present data on mobile app adoption in banking; we know what the historical channels of branches, contact centers, ATMs, internet and mobile are all about; mobile is becoming an omnichannel platform for both bankers and customers spanning branches, contact centers and ATMs which Bob Meara explores in his presentation; shares that half of retail customers aren't using digital channels, concerns from consumers about digital and mobile channels, and other data about mobile adoption. Source

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Jan. 25, 2017

Money360 Hires Two New Directors

After substantial growth in 2016, Money360 has expanded its team by adding two new divisions and directors; David Christensen will lead the Northwest region and Kenneth Wood will lead the Northeast region; in December the company reported a record month of lending with $35 million in loans; in the first few months of 2017 it expects to report cumulative lending of over $200 million. Source

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Nov. 29, 2016

Prosper’s Ron Suber Joins eOriginal Advisory Board

eOriginal has added Ron Suber, Prosper Marketplace president, to its advisory board; the digital transaction document management company has been steadily expanding its business in the marketplace lending market; Ron Suber will help support the company's growth as an advocate for its unique digital documentation products also advising the company on the marketplace lending market overall; eOriginal is currently growing and expanding, also adding Jon Barlow, founder and former CEO of Eaglewood Capital Management, to its advisory board and raising $26.5 million in a recent funding round. Source

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Feb. 3, 2017

Trump Set to Sign Executive Actions to Reverse Financial Regulations

President Trump is set to sign two executive actions on Friday that take aim at reversing the new financial regulations that were put in place as a result of the 2008 financial crisis; the executive actions will give the labor secretary power to rescind the fiduciary rule and ask the Treasury secretary and regulators to come up with a plan to replace Dodd-Frank; the fiduciary rule was set to go into effect in April and was meant to ensure advisors had their client's best interests at heart; Dodd-Frank was passed in 2010 and began implementation in 2012; the law was meant to limit the chance of another financial crisis like we saw in 2008; uncertainty exists with what will end up happening, but signals show that the fiduciary rule will be struck down and Dodd-Frank will be replaced. Source

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Mar. 6, 2017

LendGenius Offering Loan Matching Solution for Small Businesses

LendGenius is launching a new product to offer loan options for small businesses and to help increase education and awareness of small business credit availability; the company plans to launch its service in April 2017; the service will feature a dashboard of available loan offerings for companies based on their application profile; LendGenius has also worked extensively on building out the lender integration with the system which provides a range of API integrations and a comprehensive dashboard for reviewing borrowers; in the past four months the company reports over 30,000 requests for capital totaling over $8 million. Source

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Aug. 28, 2017

LendingClub Lawsuit from Two Shareholders

The lawsuit according to Crowdfund Insider names former CEO Renaud Laplanche along with current and former board members as well as former CFO Carrie Dolan; according to the complaint: "Throughout the period December 11, 2014 and continuing through May 9, 2016 (the "Relevant Period"), the individual defendants breached their fiduciary duties to LendingClub by failing to institute adequate internal controls regarding financial disclosures, related party transactions, and data integrity and security, all while causing LendingClub to represent in the Registration Statement and a series of subsequent filings that such controls were sufficient."; two shareholders filed the suit. Source

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Aug. 3, 2017

Even Financial Launches Automated Advertising Tool

Even Financial is an industry leading online finance products and services search and comparison service provider; it has announced the launch of a new semi-automated tool to support online advertising for online finance products; new tool includes automation for analyzing the placement of ads. Source

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Aug. 2, 2017

PayPal Partners with Skype

Skype users can now make P2P payments with PayPal in 22 countries; the partnership is a first on mobile for the two companies however they have partnered in the past for P2P payments through the desktop application; the deal adds to numerous partnerships PayPal has made in recent months, helping to expand its services to a broader network. Source

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Mar. 1, 2017

How Marketplace Lenders Can Stay Digital and Ensure Confidence when Moving Assets to the Secondary Market

eOriginal has been an active innovator in the digital finance revolution and began working with marketplace lenders in 2013; expanding its services in the industry, the firm discusses how online lenders can become even more competitive in the securitization market through digitization; their featured blog post also includes their recent white paper, "Creating Securitization eCertainty in the Secondary Market." Sponsored Blog Post

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May. 17, 2018

Lend Academy Article: Audio Recordings Now Available for LendIt Fintech USA 2018

The LendIt Rewind podcast has audio of all the sessions from LendIt Fintech USA 2018 conveniently published in a podcast...

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