American Express started making the slow transition a few years ago to cloud computing but the pandemic forced wide adoption...
Big banks like Citi and JPMorgan Chase are trying to beat fintechs at their own game with launches of new...
Most countries in the world today have some kind of centralized repository for credit data. But this data exists in...
Here are the most read news stories from our daily newsletter today: American Express reportedly in talks to buy Kabbage...
As the sun sets on 2020 and we look back at this past year nearly everything is viewed through the...
In this week’s PeerIQ Weekly Update the company covers the recent spate of bank earning reports, securitization news and issues another round of hiring updates; banks have seen a continued drop in fixed income and commodities trading revenue, picking up the slack has been lending and wealth management; Citigroup and Morgan Stanley had strong reports while Goldman Sachs and American Express missed the mark; SoFi is issuing a $720mn securitization deal, Moody’s rated the A classes AAA; PeerIQ also lists five new hires stemming from the $12mn round last summer. Source.
In this conversation, Will and I break down a few important pieces of recent news. MetaMask, the crypto wallet, hit 1 million month active users in yet another sign of the acceleration of retail adoption.
Square’s market cap is now equal to that of American Express, and the former also announced it has purchased $50 million of Bitcoin with its balance sheet. What do these pieces of news mean?
Greenwood Financial launched, a neobank led by Andrew J. Young, a civil rights legend, Killer Mike, a rapper and activist, and Ryan Glover, founder of Bounce TV network. How much scope is there for financial services for affinity groups instead of traditional geographical or product coverage areas?
Ramp is a credit card startup focused on corporate cards; the company is New York based, founded by a team...
As non bank lenders continue to gain market share across different loan segments, we wanted to give a complete overview...
A couple of weeks after rebranding, Bread Financial launched a feeless, unlimited 2% Cashback Amex Express credit card.