Marketplace lending

Don't rush to deregulate banks, Philly Fed chief urges

02/06/17

Easing regs without mulling the consequences could hurt the financial system, but a fintech charter and other careful reforms could promote innovation, Patrick Harker said.

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OnDeck Capital loses its chief operating officer

02/03/17

James Hobson is resigning to become the CEO of Attune, a new company in the commercial insurance sector.

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Breaking Banks: Fintech in Asia

02/03/17

Hong Kong and Singapore have long been economic crossroads. China and India are economies with vast populations. And Shenzhen is bursting with innovative creativity. All of these contribute to the Asian fintech market being far ahead in adoption and ecosystem creation.

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Where SoFi-Zenbanx merger falls short

02/02/17

The deal marks a milestone in SoFi’s evolution into a private bank for millennials, but it won’t solve the challenges of the alternative lender’s funding model.

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Why a founding architect of direct banking is selling to a nonbank

02/01/17

Arkadi Kuhlmann, the founder and CEO of the neobank Zenbanx who pioneered branchless banking at ING Direct, explains why he stopped pursuing a bank charter and made a deal with Social Finance.

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Prosper hires former USAA exec in quest to reignite growth

02/01/17

Usama Ashraf, the marketplace lender's new chief financial officer, will oversee finance activities and its capital markets function.

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SoFi-Zenbanx deal accelerates fintech convergence trend

02/01/17

The acquisition should allow the San Francisco-based online lender to fulfill a long-standing goal: offering a deposit account to its young, upwardly mobile customers.

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How this bank keeps small-business clients away from online lenders

01/29/17

Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks.

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Fintech charter should be paired with beefed-up borrower protections

01/29/17

If offering a national regulation option to fintech players is the carrot, compliance with commonsense borrower protections could be the stick in promoting responsible financial innovation.

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ABA looks for a marketplace lender to partner with its members

01/27/17

The banking trade group confirmed that it has run a formal bidding process to find a partner.

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