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...
Oct 14, 2020 | FinTech, News
Venmo Launches Its First Credit Card Earlier this month, Venmo launched its own credit card, issuing it to select Venmo customers. This comes after approximately a year of the company teasing a possible credit card offering, as well as a debit card released in June...
Oct 5, 2020 | Financial Literacy, FinTech, News
Experian Report Shows Lenders Believe Alternative Credit Data Improves Financial Access for Consumers Last month, Experian released its most recent State of Alternative Data report, highlighting lender and consumer awareness about leveraging alternative credit data in...
