March 2021

Last night Congress finally passed a new round of stimulus funding. The $900 billion Covid-19 relief package included $285 billion for a renewed paycheck protection program. You can read the full text of Bill…

Last week, the market lending rumor mill was active with “news” that small business lending platform, Able Lending, was shutting down. Here at Lend Academy, we do not share these rumors until we can verify their…

WASHINGTON — Financial institutions can now enroll to participate in the Federal Reserve's Main Street Lending Program, the Federal Reserve Bank of Boston announced Monday. The program, aimed at helping small and medium-sized businesses…

Here are what I consider to be the top 10 most important fintech news from the past week. New Google Pay App Update Offers More Ways to Pay, Save and Get Insights About Your CNBC Money - The Tech Giants Keep…

WASHINGTON—The Federal Reserve is extending its bailout program for middle-market businesses through Jan. 8 to give the central bank more time to process loans that were submitted before the program closed.The Main Street loan program was…

JGI/Jamie Grill | Mix images | Getty ImagesWith more people applying for mortgages online, the lending landscape needed to become fairer.The logic was that lenders couldn't discriminate against a borrower based on their skin color if they…

ranjit Saraia digital banking expert and a start-up advisor rightly said: "People don'ted banking, not banks”. The last decade has changed the way of banking for every individual in the country with the emergence of digital lending…

WASHINGTON — The Federal Reserve and the Treasury Department have agreed to extend the terms of four emergency lending facilities, created in response to the coronavirus pandemic, through March 31.Treasury Secretary Steven Mnuchin on Monday…

CRED has introduced two new products aimed at increasing the financial confidence of individuals. CRED RentPay allows members to pay their highest recurring household expenses, their monthly rents, on credit. The second product, CRED…

For some time, banks, credit unions, lenders, and even car dealerships themselves have been discussing the need for more online shopping and borrowing options for consumers. Given the current pandemic landscape that we are all facing, it…

After decades of operating on the periphery of financial services, black-owned banks are beginning to find seats at the tables where corporate transactions are negotiated.Two large construction loans — one involving several black-owned…

SAN FRANCISCO, January 19, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's leading online lending marketplace connecting borrowers and investors, announced today that it has now received all banking regulatory approvals…

Over the past few years, the fintech industry has taken the Indian financial sector by storm. With each passing day, it is rapidly evolving to attract the attention of borrowers from traditional bankers and financial institutions with…

True Balance, a South Korean startup that runs an eponymous financial services app for tens of millions of users in small towns and villages across India, said on Wednesday it raised $28 million in a new funding…

Alternative loans We hear from industry leaders in alternative lending about what we can expect over the next 12 months as the pandemic continues to bite. Image source: Photo by Anna Shvets from PexelsThe global pandemic has brought…

OnDeck, the once high-flying online lender, is being sold to Enova in what amounts to a fire sale. Getty OnDeck, the once high-flying online lender that has fallen on hard times made worse by the COVID-19…

MUMBAI (Reuters) - Alphabet Inc's Google has removed some lending apps aimed at Indian consumers from the Play Store in a bid to protect users, it said in a blog post on Thursday.FILE PHOTO: The logo of Google is seen on a building in the…

FILE PHOTO: A man rides an electric bicycle in front of the China Banking and Insurance Regulatory Commission (CBIRC) building in Beijing, China February 14, 2019. REUTERS/StringerBEIJING (Reuters) - China's banking and insurance regulator…

BizCapital, a Brazil-based online lender, has raised $12m from a group of investors including German development finance institution, MercadoLibre's corporate venture capital fund and existing investors Quona Capital, Monashees, Chromo…

Ant Group, Tencent and JD.com are facing a crackdown from Beijing over fears of excessive consumer lending through their platforms, a major cash cow for the Chinese tech giants. The three companies, along with others, will now have to share…

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. Hong Kong, March 03, 2021 (GLOBE NEWSWIRE) -- Moxian, Inc. (“Moxian” or the “Company”) (MOXC), a provider of…

Details By IntegriShield February 19, 2021…

TrueLayer, the London-based tech startup that builds financial apps for banking and payment solutions, has partnered with Wombat to provide payment APIs on investment accounts. The SaaS platform uses a toolkit to create specialized…

AUSTIN, TX and SAN FRANCISCO, February 24, 2021 /PRNewswire/ -- A subsidiary of Peak Rock Capital LLC ("Peak Rock"), a leading middle-market private investment firm, today announced that it has partnered with Neptune Financial (" NepFin”)…

“My Sesame credit rating hasn't changed in three months,” Jiwei lamented, his voice betraying both bewilderment and frustration.Jiwei — to protect the identity of my research…

“Fintech is basically if Wall Street and Silicon Valley had a child,” said Jeff Hauser, director of the Revolving Door Project, a progressive advocacy group. "Over time, if they get too strong in these unregulated areas, they will take…

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Willdan Group, Inc. WLDN was a big mover last session as the company saw its shares rise almost 7% during the day. The move also happened on solid volume with significantly more shares changing hands than in a normal session. This breaks…

Island Corporation (NASDAQ:PODD) investors will be delighted, with the company posting strong numbers with its latest results. The company beat profit and revenue forecasts, with revenue of $234 million, about 5.5% above estimates, and…

President Trump may have inadvertently stirred up the otherwise sleepy bond market and put the bull market he so loves in near-term danger of a pullback.With Georgia's hotly contested Senate runoff looking more like a victory for two…

Artko Capital recently released its Q4 2020 Letter to Investors, a copy of which you can download here. The fund returned 17.2% for the quarter, outperforming its benchmark, the S&P 500 Index, which returned 12.2% in the same quarter.…

The fintech industry has come a long way in a short time. Although fintech has been around for decades, I think we can all agree that over the past few years it has really come of age. And since the coinage of…

2018 has been a roller coaster of change and development in key industries such as technology, finance, healthcare, retail and enterprise. For this year, here are the 10 business trends that will be followed. Marketing and business1.…

By Krystal Hu and Maria PonnezhathSep 23 (Reuters) - United Wholesale Mortgage on Wednesday announced plans to go public by merging with special purpose acquisition company (SPAC) Gores Holdings IV Inc in a deal that will value the…

One would assume that an online lender like LendingClub Corp (NYSE: LC) verifies borrower income in 100% of transactions. But that's not even close to the case, according to Bloomberg's report. LendingClub verified income about…

(Bloomberg Opinion) - Massachusetts securities regulators have moved to attack popular online brokerage firm Robinhood Financial LLC, the latest in a long line of regulators harassing hugely beneficial innovations. Who can forget the early…

The United States has the dollar, while Great Britain has the pound. We have a president, and they have a queen.Now add one more item to the list of differences between the two closely linked nations: the US has loans in the market, a…

Global payment platform PlasmaPay has integrated functionality that allows users to enter the decentralized finance (DeFi) market, with support for 34 new DeFI tokens.Popular DeFi tokens like Dai, Curve, Band Protocol, and Algorand have all…

(Bloomberg) – Tencent Holdings Ltd. crashed after a global surge in the stock pushed its market value to the peak of $1 trillion for the first time.The Chinese internet giant lost 6.3% in Hong Kong on Tuesday, putting its market…

At one time, the standardized tests, the SAT and ACT, were considered the gold standard for assessing college readiness — but are they still held in such high regard today?Following the announcement that The College Board, the company that…

As a direct banking and payment services company in the United States, Discover financial services DFS benefited from the digital shift, mainly driven by the COVID-19 pandemic this year.Although the company, like many other players in the…

Cryptocurrency prices surged late Monday after the US Office of the Comptroller of the Currency (OCC) issued a letter allowing US banks to use public blockchain networks.Ether jumped nearly 12% on the letter's release, given Ethereum's…

Talking is in danger of dying out, just as the social media network popular among conservatives was reaching new heights of popularity following President Donald Trump's banning of all major social tech platforms.Amazon Web Services, which…

Opinions expressed by Contractor the contributors are theirs. After six years together, Matt Milsap popped the big question to girlfriend Amanda Cambra on Sept. 21 at their home in Bethel, Connecticut.…

By Huw JonesLONDON (Reuters) - Around 4,000 British financial firms were at "increased risk" of collapsing due to fallout from the first wave of the pandemic, the Financial Conduct Authority said on Thursday.The FCA surveyed 23,000…

Today, according to the Pew Research Center, more than 50 million American adults are mobile-only consumers. This shift has fundamentally changed consumer preferences and led to new consumer behaviors that…

AdvertisingOver the weekend, the United States and China declared a ceasefire in their escalating trade dispute. Both parties have agreed to suspend tariffs while negotiations continue. Although China has made vague promises to reduce its…

When it comes to Fintech, it seems like the flower is finally breaking away from the rose. Once the hottest industry, fintech has seen its fair share of failures and struggles lately. Everyone from online lenders to banking…

WASHINGTON — A day before Consumer Financial Protection Bureau Director Kathy Kraninger will testify before the House Financial Services Committee, House Democrats introduced legislation to reverse efforts to weaken the agency by his…

WASHINGTON — During her appearance before the House Financial Services Committee on Thursday, Consumer Financial Protection Bureau Director Kathy Kraninger gave the panel's Democratic majority little assurance that she would reverse the…

In his final days in office, the biggest names in American business are dumping President Donald Trump on charges he instigated last week's deadly mob attack on the US Capitol.Twitter kicked the president out of the platform he relied on to…

By Sam Nussey and Kanishka Singh(Reuters) - SoftBank Group Corp said it had ended a $3 billion takeover bid for additional WeWork shares it agreed to last year with shareholders, prompting threats of legal action and further plunging the…

BEIJING/SHANGHAI, Nov 10 (Reuters) - China's market regulator on Tuesday published draft rules aimed at preventing monopolistic behavior by internet platforms, part of a move that will strengthen oversight of e-commerce markets and country…

A recent age discrimination lawsuit against a regional bank holds lessons for bankers and trustees who may face tricky questions about succession planning.In a lawsuit filed last month in the Hamilton County Court of Pleas in Ohio, a former…

Photo credit: Kerkez - Getty ImagesCybercriminals have been quick to exploit the increase in online shopping in the wake of the pandemic and lockdowns, and unfortunately, now that Christmas is approaching, scams are on the rise.The main…

Following the Yes Bank crisis, the Reserve Bank of India (RBI) stepped in to restore confidence in private banks. After its action against Yes Bank, the central bank noticed that some state governments had advised their bodies to transfer…

Has the Lending Club debacle taught the alternative lending industry anything? Perhaps, but the lesson is not that players should abandon the market. The market's lending space continued to expand, even after the fallout from the Lending…

Pacific silver | Economy | East Asia The Chinese government continues to add oversight and structure to this rapidly growing industry.…

Austin Capital Bank, a Texas-based institution with $71.4 million in assets, will lend to a new online consumer lending platform called Self Lender, the two companies announced.Denver-based Self Lender markets loans it says will strengthen…

Online lending platform Kabbage says it is seeing more mobile lending, more women and minority-owned businesses seeking loans, and more businesses from rural and low-to-middle income communities as well.Small Business Trends reached out to…

As regulators crack down in China, FinTech executives are scrambling for capital and trying to plan for their future, Bloomberg reported Wednesday (November 25). Jack Ma's Ant Group, once poised to be the future of finance in the country,…

As the Office of the Comptroller of the Currency continues to focus on granting bank charters to fintech firms, some pundits have disrupted the debate over non-traditional bank owners by saying a different agency should be in charge. .Last…

That sound, and the graph above *, is the growth in online lending in the UK that has all but come to a halt. Overall, the Big Five have not grown significantly since around September 2015; the smaller players are pretty much where…

A recap of yesterday's webinar on how fintech lenders are responding to the small business crisisMarch 27, 2020 By Ryan lichtenwald 1 comment Views : 636 Small businesses are the lifeblood of America and so many of…

As the country continues to fight the COVID-19 pandemic, several vaccines are now available, revealing a light at the end of the lonely tunnel. However, not all citizens will be vaccinated. Mechanical contractors will need to continue…

Famous Chinese businessman and one of the richest men in the world, Jack Ma (Ma Yun) has not been seen in public for weeks wondering where he is.He also disappeared from his reality TV show, Africa's Business Heroes, and was replaced by an…

BEIJING (Reuters) - China's banking and insurance regulator on Saturday released draft rules on commercial banks' online lending activities, prohibiting the use of such loans for riskier investments and capping consumer credit online…

Ant Group UpdatesSign up for myFT Daily Digest to be the first to know about Ant Group news. Beijing is speeding up plans to bring Jack Ma's Ant group more closely under its control as part of a "rectification" campaign…

I was finally able to conclude my quarterly performance report for the fourth quarter of last year. I shared my detail quarterly returns with readers since 2011 and will continue to do so for the foreseeable future. Given the turmoil we…

from China Group of ants reportedly intends to create a new consumer finance company that would allow the company to consolidate its base in the country's online lending industry. Meanwhile, Ant - what a Chinese giant Alibaba Holding Group…

Atari, seeking to capitalize on the popularity of non-fungible tokens (NFTs), plans to open a casino in the coming months, according to a report by Business time. The casino was developed in partnership with the Decentralized games on the…

OAKLAND, Calif .-- (COMMERCIAL THREAD) -LENDonate, an Oakland-based fintech company, announced another customer success, this one amid the COVID-19 pandemic. LENDonate's nonprofit lending platform helped secure a $ 29 million loan…

Fintech updatesSign up for myFT Daily Digest to be the first to know about FinTech news. A senior official at China's banking regulator warned that technological advances in the financial sector risked creating monopolies,…

Digital mortgage platform provides services to manage the borrowing process. Digital Mortgage Platform aims to simplify, automate and standardize training, underwriting, quality assurance and customer support processes. This enables…

By Karen Epper Hoffman Mmore than any other event in decades, the ubiquitous COVID-19 virus and its fallout this year has changed every element of people's lives - from the way they work, where they eat and shop, how they…

Band Richard Cowan…