News

During the week I share the newest market lending and fintech information on Twitter because it occurs. Then each Saturday I take probably the most attention-grabbing information objects and weblog posts from the previous week and share them right here.

4 ways a Credit Karma deal could pay off for Intuit by American Banker – We can all the time depend on Penny Crosman to deliver us perception into the large fintech information. This deep dive into the Intuit/ Credit Karma deal is illuminating.

Why Credit Karma Shouldn’t Sell To Intuit by Forbes – Here is the contrarian perspective on the Intuit/ Credit Karma deal from Ron Shevlin and why perhaps an organization like Amazon can be a greater match.

JPMorgan Chase in talks to launch digital bank in UK by Financial Times – There was different large information this weekend past the Intuit/Credit Karma deal. JPMorgan Chase introduced they need to open a digital financial institution within the UK (I hope they’ve discovered one thing from their Finn experiment right here).

UK digital banks add six million customers in six months but average deposit balances drop by Altfi – The Accenture Digital Banking Tracker experiences that UK digital banks added 6 million new prospects in H2 2019 to 20 million whole, however common deposit steadiness dropped 25%. So, it was not all excellent news.

The Power Of Purpose: Fintech’s Role In Stakeholder Capitalism by Forbes – Another nice piece from Jennifer Tescher. In fintech it’s significantly vital to do not forget that your product must end in good outcomes for customers/companies. As she says, “a good outcome is what builds trust”.

Alpha (fundraising) and Omega (exits) by Fintech Junkie – It is all the time attention-grabbing to learn the Frank Rotman’s Fintech Junkie, significantly along with his newest put up, that shares some particulars about QED Investors sequence A in Credit Karma ten years in the past.

We shouldn’t have to wait for FedNow to have faster payments by American Banker – Great op-ed by Aaron Klein and George Selgin on the Fed’s mishandling of quicker funds and the unfavourable penalties this has had for poorer Americans.

What N26’s UK exit tells us about entering new markets by 11:FS – Sarah Kocianski seems on the classes discovered by the failure of N26 within the UK and why you want a differentiated providing that’s tailor-made to the native market you might be getting into.

Lendio Closes $55M Series E Funding Round Led by Mercato Partners by Lendio – Small enterprise mortgage market Lendio has secured $55 million in capital, together with $31 million in fairness led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank.

Capital One To Focus On Digital, Close 37 Locations by PYMNTS – Not precisely stunning however Capital One is explicitly saying that they are going to be placing extra deal with digital channels going ahead.



Source link

Load More By admin
Load More In P2P Lending News

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Russian Darknet Criminals Sell $13M of Fake Cash for Crypto

Russian authorities have detained a bunch of on-line criminals that reportedly bought huge…