The issue of “true lender” has been one that has dogged the marketplace lending industry virtually since its inception. When...
On March 30, banking investor Cross River announced another successful funding round of $620 million, co-led by Andressen Horowitz and Eldridge Capital.
It has been an interesting to say the least as we have watched everything play out with the Paycheck Protection...
There has been a growing trend in compliance technology the last few years with regtech hackathons or as the UK...
With the fintech world gathering in Las Vegas this week for Money20/20 there was quite a lot of fintech news.
In this week’s PeerIQ Industry Update they cover the latest minutes from the FOMC meeting, the new NY Fed report on mortgage lending and Lending Club’s earnings report; the FOMC is on track to raise rates 3 times in 2018 and the new rates could affect ABS pricing; the NY Fed report on the role of technology on mortgage lending said fintech lenders are reducing processing times by 20 percent and default rates by 25 percent; Lending Club reported record revenue and a net loss, their stock dropped 18 percent on the news; PeerIQ also gives a report on their recent partnership with Cross River Bank. Source.
Researchers from the University of Texas published a study Tuesday morning that claims fintech lenders who participated in the Paycheck Protection Program dropped the ball on underwriting.
There was news out of Malaysia over the weekend that Cross River Bank had raised $100 million. A number of...
Cross River Bank announced a collaboration with American Express at Money 20/20 Monday.
The New York Times is reporting that fintech companies have helped out many small businesses that were struggling during the...