LendingClub Bank Crosses $1B Personal Loans Sold via Structured Loan Certificates Program

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, announced it crossed $1 billion of personal loans sold through its Structured Loan Certificates Program (SLCLC Program). The company anticipates approximately $2 billion dollars of loan volume “through the SLCLC Program… Read More

Chargebacks911 Says that FTC’s “Click to Cancel” Rule May Reduce First-Party Fraud

Chargebacks911 and Fi911, the global firm focused on chargeback management technology, has reaffirmed its support of continued discussion “around strategies to reduce the likelihood of friendly fraud, such as the Federal Trade Commission’s (FTC) proposed ‘click-to-cancel’ provision to its 1973 Negative Option Rule.” The provision… Read More

Consumer Financing Study: Digital Engagement Key to Client Satisfaction, Lowering Cost to Serve

With macroeconomic conditions continuing to make it difficult for auto lenders to maintain or increase profitability, all eyes have “turned to digital channels as the most cost-effective and efficient means to do so.” According to the J.D. Power 2023 U.S. Consumer Financing Satisfaction Study, released… Read More

Swiss Crypto Bank SEBA Secures Hong Kong License

SEBA Bank, a digital assets bank regulated in Switzerland, has announced that its subsidiary has been granted a license by the Securities and Futures Commission (SFC) in Hong Kong. The development marks the first regulated foray of the SEBA Group into the Asia Pacific market,… Read More

Fintech Ripple Streamlines Payments Experience to Enable Enterprise Crypto Adoption

Ripple, the firm enabling enterprise blockchain and crypto solutions, debuted the evolution of its crypto-enabled cross-border payments solution, Ripple Payments, formerly known as RippleNet. Ripple Payments provides the enterprise-grade infrastructure “required for businesses to leverage blockchain easily for faster, cheaper, more efficient cross-border payments without… Read More

Latin America: Transfero to Use Finery Markets Crypto ECN Solution to Enhance OTC Digital Currency Liquidity

Transfero, an international financial solutions company and the owner of Brazilian and Argentinian Digital Tokens (BRZ and ARZ), stablecoins pegged to Brazilian Real and Argentinian Peso, deploys Finery Markets’ FM Liquidity Match in order “to offer institutional customers a seamless and robust over-the-counter (OTC) cryptocurrency… Read More

Fintech Platform Alkami to Provide Financial Institutions with Direct Access to Plaid’s Services

Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that it has enabled its financial institution clients to benefit from direct application programming interface (API) access to Plaid, a data network powering over 8,000 popular… Read More

European Embedded Finance Firm Swan Opens Amsterdam Office

Swan, the European firm supporting embedded finance, opens its first office in the Netherlands, and launches localized Dutch accounts, “as part of its continued European expansion.” The launch is part of the company’s European hyperlocalization strategy, “following a successful launch in Spain earlier in the… Read More

Germany’s Finance Minister Calls on EU Nations to Make Frankfurt the Seat of the Bloc’s Anti-Money Laundering Authority (AMLA)

Germany’s Finance Minister Christian Lindner on Thursday (November 9, 2023) called on European Union nations to choose Frankfurt as the seat of the bloc’s anti-money laundering authority (AMLA). Lindner stated that a decision to locate AMLA in Frankfurt is a key move in order to… Read More

Digital Assets: Talos Integrates with CME Group to Expand Crypto Derivatives Access for Institutions

Talos, the premier provider of digital assets trading technology for institutions, announced its integration with CME Group, the derivatives marketplace. Through this integration, Talos clients can now “trade CME Group Bitcoin and Ether futures contracts using Talos’s suite of advanced execution algorithms and smart order… Read More

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