Despite being less than two years old Marcus by Goldman Sachs continues to aggressively expand their consumer finance business. It...
According to CNBC, Citigroup was also in discussions with Apple for their newly launched credit card; the bank pulled out...
A majority of fintech companies today focus on providing faster and cheaper financial products to already well-served Americans. While this...
Business Insider provides their perspective on SoFi’s $500 million funding round that was announced this week; the personal finance space...
Credit-card debt has grown to record highs and some large banks are reporting increased delinquency rates; this trend, combined with higher interest rates could be cause for concern according to Michael Pearce, an economist at Capital Economics; article provides data from the NY Fed on delinquent loans across student, auto, mortgage and credit card debt. Source
The credit card business used to be much more profitable for banks; a recent study showed that fee income across...
Goldman Sachs has been busy acquiring companies to boost its consumer facing business; they now have expertise across consumer lending, small business lending and real estate; Lend Academy shares their latest acquisitions, including the acquisition of Final, a credit card startup; it seems as though credit cards was the missing piece and it's possible Goldman Sachs will enter the credit card business. Source
Brex has announced a significant $150 million round at a time when fintech funding has slowed significantly; the round was...
Some banks have recently started automatically increasing credit card limits for customers; the credit card companies hope that doing so...
The credit facility is being provided from a fund managed by Neuberger Berman; Zero first started last July and intends...