Kabbage Lawsuit Ignites Debate Over ‘True Lenders,’ Fintech-Bank Partnerships
The lawsuit of a small business in Massachusetts against alternative lender Kabbage is raising questions about the role of partner...
Lending
Goldman Sachs’s Marcus: Partnerships Beyond Intuit
EXCLUSIVE- With two products and a recently announced partnership with tax preparation software provider Intuit, Marcus by Goldman Sachs is keen...
LendingClub Shuts Down Investment Funds, Rebrands Asset Management Business
Alternative lender LendingClub has shuttered five of its investment funds and re-branded its investment advisor subsidiary, LC Advisors, to Lending...
Banks Need to Focus on Data, Not Technology, RBC Says
EXCLUSIVE--Future banking innovations aren’t going to depend on what technology financial institutions are using, but on what data is underlying...
Set Aside More Cash to Cover Bad Loans, ECB Tells Banks
The European Central Bank is planning to ask banks within the euro zone to up the amount of cash on...
With Take-backs, Kasasa is Giving Borrowers More Control Over Their Money
EXCLUSIVE—Speedy, flashy financial service through mobile or a wearable is all well and good, but the product has to respond...
Australia is the Next Largest Market for Alternative Lending, KPMG Says
Australia has become the second largest market for alternative lending due to the country’s favorable regulations for lenders. This is...
Prosper Raises New Funding, Loses Unicorn Status
Alternative lending startup Prosper raised new funding in a Series G last week, with the $50 million round bringing its...
The Rise of Alternative Data in the Lending Market
EXCLUSIVE - There were conflicting views on the importance of the FICO score at the PayThink Conference in Phoenix this week....
CFPB Reassures Fintechs with ‘No-Action’ Letter for Upstart Network
Online lending service Upstart Network has received a “no-action” letter from the Consumer Financial Protection Bureau, the first such letter...
