Crowdfund Insider reports on regulatory developments in China's financial services sector; provides some additional insight on the CBRC's newly released document outlining ten high priority risks; according to Crowdfund Insider the chairman of the China Insurance Regulatory Commission (CIRC), Xian Junbo, has now been placed under investigation as the country seeks to regulate the financial services industry overall. Source
Agora Data helps any size of auto dealer compete with the big corporations by providing affordable financing at more reasonable rates.
PeerIQ provides insight on Cross River Bank and its $28 million investment from venture capitalists; the deal highlights Cross River Bank’s partnerships with marketplace lenders and provides a leading example for how banks can seek to gain from online lenders while also mitigating true lender risk; Cross River Bank likely to set a precedent for banking investment in MPL loans; success with marketplace lending partnerships has helped it to achieve a return on equity of 26.5% versus 9.8% for FDIC-insured institutions. Source
Brex never cared about small businesses, Fundid CEO Stefanie Sample said during a PitchIt podcast episode with Fintech Nexus' Todd Anderson.
PayPal's upbeat earnings call came with the announcement of Schulman's departure and prudent guidance for 2023.
During this time of crisis, with tens of millions of people losing their job in the past three months, LendIt...
Steps are being made to close the gender divide in fintech, but lack of access to funding can be crippling to female-led firms.
Wednesday, Federal Reserve chair Jerome Powell announced the fed would raise interest a half a percent to combat post-pandemic inflation.
As part of their SoFi ReFi program, SoFi will now offer a six-month grace period for new graduates; typically refinancing student debt has meant that graduates must give up their grace period on loans. Source
Orchard has announced a new data services partnership with investment bank, Sandler O'Neill; Sandler O'Neill provides investment banking advisory services for clients in the financial services industry; the partnership will provide access to Orchard's full suite of marketplace lending data analytics services for Sandler O'Neill and its clients making Sandler O'Neill a leading investment advisory service for financial institutions considering bank partnerships. Source