Fintech

SoFi plans new lending products and move Into stock trading

02/15/19

The company's expansion into new business lines could help offset recent declines in loan volume.

[more]

Bankers have another data security issue to worry about

02/15/19

Banks want to encourage innovation by extending access to outside developers, but customer data remains vulnerable while in use by an application.

[more]

Fintechs could make life easier for overtaxed SBA

02/15/19

The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.

[more]

5 pros and cons of Ellie Mae going private

02/13/19

The private equity acquisition of fintech vendor Ellie Mae will give it some breathing room in a declining originations market being owned a more patient and strategic investor rather than shareholders as a publicly traded company.

[more]

Square's banking bid avoids backlash that doomed Walmart's

02/12/19

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

[more]

Bank automation demand spurs IBM-fintech partnership

02/12/19

As robotic process automation expands into day-to-day lending operations, IBM is teaming up with UiPath, a startup that specializes in the new technology.

[more]

State AGs assail CFPB plan to build fintech sandbox

02/12/19

The bureau wants to further remove the threat of legal liability for firms that test products benefiting consumers, but the attorneys general say the agency cannot provide immunity from state law.

[more]

Dear Congress: Time to clarify ‘true lenders’

02/12/19

Lawmakers should step in to address the proper status of loans made by banks that have partnered with fintechs, rather than letting the courts decide.

[more]

Mortgage fintech Ellie Mae to go private in $3.7B deal with Thoma Bravo

02/12/19

The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all-cash transaction valued at $3.7 billion.

[more]

Citi Ventures invests in consumer analytics firm Second Measure

02/12/19

Citigroup's venture capital arm is investing in technology that provides real-time analysis of millions of consumers' card transactions.

[more]