Lenders are beginning to doubt the effectiveness of using a potential borrower’s social media accounts as indicators of creditworthiness. As The Wall Street Journal reported Wednesday (Feb. 24), regulatory hurdles, data access and public perception have all played a role in lenders backing off from the...
Mobile-only bank NUMBER26 and international money transfer platform TransferWise announced Thursday (Feb. 25) that they are joining forces in a new partnership that will provide NUMBER26 customers with in-app access to TransferWise’s service. “Our goal is to leverage the best banking products from around the...
Share in online lender OnDeck have dropped 20 percent on the announcement that growth this year will be slower than initially forecasted. The top left OnDeck shares priced at a thrifty $7.05 – dropping to less than 50 percent of what it was when the...
In a sign that small business lending may be well on its way to moving beyond the traditional conduits of big banks and other larger financial players, online platform Lendio, which helps smaller companies find access to capital, reported heady growth for 2015. The company...
Online P2P lenders in the U.K. may soon be leaving the digital-only world in favor of getting a toe into brick-and-mortar business — specifically, when it comes to mortgage underwriting. Among the firms leading the charge is LendInvest, which hopes to become the United Kingdom’s...
Imagine you are a marketing executive at a large or up-and-coming firm considering the possibility of buying some advertising during the Super Bowl. There are a lot of expected parts of that cost-benefit analysis. The exposure to hundreds of millions of waiting eyes versus the $2.5 million...
Even by the unusually turbulent standards set by the first eventful 31 days of 2016, Lending Club’s entrance into the new year has been bumpy to say the least. A year ago at this time, the picture was very different. Just off a...
There are few questions that will spark off a loud and potentially violent argument in a room full of politicians, bankers, lawyers or plumbers — because it is hard to find something that all of those groups feel strongly enough about to come to blows...
If the topic is consumer protection, alternative financial services or financial inclusion, one thing is certain: At some point or another, the term “subprime borrowers” is going to come up in the conversation. How to help them, how to protect them from the predations of...
