Dec 24, 2020 | Banks & Credit Unions, FinTech, News
FDIC Approves ILC Rule, Clearing Way for Corporations to Become Lenders Earlier this month, the Federal Deposit Insurance Corp. (FDIC) approved a final rule allowing major non-bank businesses to seek banking charters and begin lending to consumers as so-called...
Dec 7, 2020 | FinTech, News
LendUp Starts Digital Bank, Named ‘Ahead Financials’ Last week, small-dollar lender LendUp officially launched a subsidiary digital bank called Ahead Financials, offering younger customers and the emerging middle class a no-fee checking account and debit card,...
Nov 30, 2020 | FinTech, News
Pandemic Accelerates Americans’ Use of Digital Commerce The COVID-19 pandemic has drastically transformed how consumers behave in the economy, notably through the rising adoption of digital commerce technology. A recent survey from consulting firm McKinsey & Co....
Nov 6, 2020 | FinTech, News
UBS Launches $200M Fintech Portfolio Last month, multinational investment bank UBS launched UBS Next, a $200 million investment portfolio targeting investments in the tech sector, with a focus on fintech. The bank will use the $200 million portfolio to look at...
Oct 23, 2020 | FinTech, News
Amazon Launches Payday Advance Program for Warehouse Workers Amazon recently launched a program called Anytime Pay, which provides payday advances to the company’s most financially vulnerable warehouse workers, allowing them to instantly access up to half of the...
Oct 19, 2020 | Banks & Credit Unions, FinTech, News
Lending Club Announces Retirement of P2P Lending Platform LendingClub, an online marketplace for borrowers to access loans funded by consumer investors in amounts as low as $25, recently announced that its peer-to-peer (P2P) lending platform will be completely shut...
