Back office banking infrastructure needs updating; fintech companies and banks want to work with companies that can provide a customizable,...
A few weeks ago, Lending Club investors received an email notifying them that Lending Club would be introducing a new...
The marketplace lending ecosystem continues to develop. Yesterday, LendingRobot announced a significant funding round that will allow it to “improve...
Pinwheel’s new partnership with Jack Henry will help banks and credit unions win primacy with more clients.
Early this month Prosper said goodbye to its old API. It was announced back in March that this transition was...
Back in the old days, as in last year, Lending Club regularly had more than 1,000 loans and sometimes 2,000...
In a surprise announcement yesterday Lending Club sent notice that it has decided to make some changes to the data...
There is no standard for data sharing between banks and fintechs which often results in screen scraping; this leads to concerns around data security and is also an inefficient way to gather data; the Financial Services Information Sharing and Analysis Center released an updated version of their recommendations around data sharing called the Durable Data API specification; this could eventually become the standard adopted by the industry; American Banker compares this to PSD2 in the UK and shares more about the new specification. Source
Ron Shevlin writing in Forbes gives his perspective on Plaid’s launch of Plaid Exchange or PX; According to the press...
Leading UK digital bank, Revolut, is bringing its open banking data aggregation feature to its one million Irish customers; the...