General News

October 8, 2016 @ 2:46 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has posted a request for comments on a proposed stated of policy regarding usage of electronic documents and electronic signatures. As paper quickly fades into the past, digital documents have become the norm and not the exception.  This… Read More

October 8, 2016 @ 10:28 am By Samantha Hurst  |  

On Friday, Kiwibank announced the launch of its new fintech accelerator in New Zealand. The company stated the 3-month program will initially fund and support eight Kiwi fintech startups and will be powered by startup accelerator brand, Lightning Lab. Kiwibank stated:  “Teams will work directly with… Read More

October 7, 2016 @ 3:45 pm By Samantha Hurst  |  

Earlier this week, peer-to-peer lending platform Zopa announced it has teamed up with Airbnb as a way to help UK customers pay back their home loans. The lender revealed borrowers just need to sign up to become an Airbnb host through a link on their Zopa dashboard…. Read More

October 6, 2016 @ 5:29 pm By Samantha Hurst  |  

Just a few weeks after Wave closed its Crowdcube campaign, the equity crowdfunding platform revealed the location app gained 2 million more users during its funding round. As previously reported, Wave is a free smartphone app that allows anyone to see in real-time the exact location of their… Read More

October 6, 2016 @ 11:24 am By Samantha Hurst  |  

Lendio announced on Thursday it is launching a national scholarship program that’s dedicated to supporting small business owners and their families. According to the small business lending platform, the new scholarship will consist of two $2,500 awards, granted to winners of a video contest.  Sharing more… Read More

October 6, 2016 @ 10:02 am By Samantha Hurst  |  

Fintech car financing company, AutoGravity, announced on Wednesday it has formed a partnership with Mercedes-Benz Financial Services to bring the famous brand to its auto financing app. Founded in 2015, AutoGravity currently introduces app users with efficient, transparent auto financing processes. Its app is designed to allow car… Read More

October 6, 2016 @ 9:21 am By Samantha Hurst  |  

On Wednesday, Kickstarter announced it has teamed up with TurboVote to help increase voter participation for the upcoming 2016 U.S. Presidential Election, which will be taking place this November. Kickstarter revealed that its team believes in the power of personal expression and that is why… Read More

October 6, 2016 @ 9:08 am By Samantha Hurst  |  

On Thursday, consumer finance technology group, Kreditech, announced it has appointed Michal Panowicz is joining as Chief Product and Information Officer (CPIO).   Kreditech stated Panowicz’s career highlight was a complete digital transformation of the third largest bank in Poland,  mBank, and growing it to one of… Read More

October 6, 2016 @ 7:38 am By JD Alois  |  

The Financial Conduct Authority (FCA) publishes every 6 months the most complained about banks and other financial firms. This is one way to help keep the banks on their toes as this is one area that no firm wants to place first. On a positive… Read More

October 6, 2016 @ 7:31 am By Erin Hobey  |  

TransUnion (NYSE: TRU) announced the launch of its Fraud Prevention Exchange, an industry collaborative designed to combat online fraud at the Lend360 conference. The Fraud Prevention Exchange will leverage the power of collective data and help lenders face challenges brought on by originations fraud, including synthetic identity and loan stacking. TransUnion… Read More

October 6, 2016 @ 7:19 am By Erin Hobey  |  

DreamFunded’s Co-Founder and CEO Manny Fernandez was invited by the Executive Office of The President to the White House to participate in a round table discussion on possible solutions to fund early stage companies in underrepresented communities in the United States. Attending the meeting was United… Read More

October 6, 2016 @ 6:59 am By Erin Hobey  |  

FinTech Forward provides a comprehensive and forward-looking view of the strategic imperatives driving bank technology, both from the vendor and the user perspectives. The program draws on BAI and American Banker’s deep industry expertise, market-leading proprietary research, and strength in live events to produce actionable… Read More

October 6, 2016 @ 6:49 am By Erin Hobey  |  

China’s outstanding P2P loans more than doubled to a record high at the end of September, according to an industry report, underscoring the challenges Chinese authorities face in regulating the exponentially growing sector. P2P loans surged 153.5 percent to 956 billion yuan ($143 billion), according to the official… Read More

October 5, 2016 @ 1:46 pm By Samantha Hurst  |  

On Wednesday, digital payments company Payoneer announced it raised $180 million during a financing round led by TCV with participation from existing investor, Susquehanna Growth Equity. According to Payoneer, TCV committed to purchase shares from existing shareholders, pending regulatory approval and other customary closing conditions with… Read More

October 5, 2016 @ 12:16 pm By Samantha Hurst  |  

Online lending SaaS solution, Cloud Lending Solutions, announced on Wednesday it extended its expanded its leadership by appointing Bob Murphy as its chief revenue officer and Steven Lance as its chief financial officer. According to the company, Murphy is responsible for all revenue generating activities. He has… Read More

October 5, 2016 @ 9:34 am By Samantha Hurst  |  

On Wednesday, Millennium Trust announced its Millennium Alternative Investment Network (MAIN) received recognition at the 2016 WealtManagement.com Industry Awards. As previously reported, Millennium Trust unveiled MAIN earlier this year and stated that it delivers an efficient end-to-end solution for individuals and advisors looking to hold alternative… Read More

October 4, 2016 @ 4:18 pm By JD Alois  |  

The inaugural Crowd Invest Summit continues to expand its roster of participants for the December event in Los Angeles.  The conference organizers previously announced Robert Herjavec, founder of Herjavec Group and star of ABC’s Emmy Award-winning hit Shark Tank, will speak in a Fireside Keynote… Read More

October 4, 2016 @ 3:56 pm By Samantha Hurst  |  

On Tuesday, Indiegogo announced it now accepts credit cards for fixed funding crowdfunding campaigns. This news comes less than two weeks after the funding portal revealed it supports Apple Pay on the web. The Indiegogo team stated: “We know easy and secure payments are important… Read More

October 4, 2016 @ 3:08 pm By JD Alois  |  

A federal court has sided with the Federal Trade Commission (FTC) imposing a record $1.3 billion fine against race car driver Scott A. Tucker and his associates affiliated with AMG Payday Lending. Tucker also faces a criminal trial in New York, according to the Kansas… Read More

October 4, 2016 @ 1:30 pm By Samantha Hurst  |  

On Tuesday, crowdfunding platform GoFundMe announced its GoFundMe Guarantee refund policy, which protects donors from campaign misuse, and ensures all funds raised by campaigns are going towards right person. The funding portal claims that this policy is considered the industry “first and only guarantee.” Sharing details… Read More