The U.S. Treasury Department has started studying the online lenders of the nation in an attempt to make sure the regulations on the books are relevant to the industry as it exists today. Small banks’ position in the lending market has diminished to the point...
So what is the next frontier in lending? According to PayPal cofounder Max Levchin, it might just be finding better ways to handle student debt for those who want to go into coding. Levchin’s latest startup — lending-focused Affirm — has set its sights on student...
North American cloud-based payments processor TIO has announced that it will be acquiring Softgate Systems, Inc. — a New Jersey firm that specializes in providing consumers with retail bill payment solutions. All in, the deal will be worth $31 million divided between $5 million in...
“If we want to have more women in tech, it is not enough to get more women engineers and executives—we need more women founders, because it is the founders of companies that set the cultural tone for so much that happens in Silicon Valley.” –...
Too many people worldwide have been living without financial services for too long. Michael Liberty, Founder and Leader of Global Strategic Initiatives at Mozido, says that it’s time for a revolution – and he shares his plan for igniting it.
More than 2 billion people globally lack access to traditional financial services. PYMNTS collaborated with Mozido to create the PYMNTS Financial Inclusion Tracker, which dives deeply into the root causes of this problem and the methodology that can solve it. On a recent podcast,...
JP Morgan Chase’s new global think tank is working with policy makers and economists in an attempt to tap into big data insights to better understand how changes in individual financial behaviors affect the economy as a whole, reported Financial Times Wednesday (May 20). The bank...
The assumption that governs commerce in the 21st century is that money is, and should be, easily moved. And, for the most part, on the consumer side of transactions that is true in the developed world to the extent that the ability to quickly and...
It is a good time to be Lending Club. Shares in the P2P lending platform ticked up 4 percent this week, according to the Associated Press, following a stronger than expected Q1 result and a revised outlook for the rest of the year that has improved,...
