Tagged: banking

December 21, 2015 @ 7:45 am By Erin Hobey  |  

  “We believe the potential of crowdfunding is not about a single company or single crowdfunding platform.  It is about the evolution from an institutional framework for allocating capital (otherwise known as banks, funds, and foundations) to a more individually driven framework enabled by existing and… Read More

October 23, 2015 @ 8:37 am By JD Alois  |  

The Competition and Markets Authority (CMA) has published its anticipated report on the state of retail banking in the UK.  Unlike the US market, the UK banking industry is almost completely served by several very large banks (RBS, Barclays, HSBC, Lloyds & Santander).  These are… Read More

October 19, 2015 @ 11:32 am By Samantha Hurst  |  

On Monday, UK-based digital bank, Ffrees, announced that it has appointed former London Capital Group CEO, Kevin Ashby, as a non-executive chairman. According to Finance Magnates, Ffrees, since launching in 2013 by founder and CEO, Alex Letts, has grown to achieve £1 million in revenues with… Read More

October 14, 2015 @ 9:37 am By Ian Rosen  |  

  “Millennials hate their banks” is a common phrase thrown around in some circles.  I’m not sure it’s true. I’m not sure young people care about banks at all, in any practical way. For a long time, people have thought of “banks” as an all-encompassing… Read More

July 27, 2015 @ 3:35 am By Midori Yoshimura  |  

  Asset-backed finance has been chosen as the next round of lending for the Strategic Banking Corporation of Ireland (SBCI), which was set up in 2014 to offer low-cost loans to lenders, according to a recent story in the Independent. The SBCI, led by Scotsman Nick… Read More

July 23, 2015 @ 10:15 am By Midori Yoshimura  |  

As the founder of Merchant Cash and Capital (MCC), a small business alternative lending company that has also worked with companies from UPS to Pita Pit, Stephen Sheinbaum oversees a company that is using leading technology to change the way small businesses get capital. Prior… Read More

July 14, 2015 @ 11:15 am By Samantha Hurst  |  

BankMobile, a no-fee, mobile, online and tablet bank, announced the launch of its BankMobilist College Brand Ambassador Program. The mobile banking company is looking to mobilize college students across the country as campus ambassadors to be a part of the #LiveFreeBankFree movement. As part of this… Read More

June 24, 2015 @ 9:09 am By JD Alois  |  

  “A Branch-free, Paper-free and Stress-free Bank” The traditional banking industry has been rather slow to innovate.  Hundreds of years of operating branches, with tellers, is a hard thing to change.  It is also a costly and inconvenient business structure in a world where everything… Read More

February 23, 2015 @ 9:49 am By JD Alois  |  

Global financial rating agency Fitch has shared its $0.02 on the recently announced partnership of 200 community banks with Lending Club noting the agreement may introduce new risk to the small banks.  Fitch qualifies this statement by adding there may also be an opportunity present… Read More

January 21, 2015 @ 8:56 am By JD Alois  |  

These days it may make sense to keep your money under your mattress as opposed to placing it in a bank savings account. After you get through the miscellaneous fees, a savers rate of return can easily go negative.  At least the mattress won’t charge… Read More

January 14, 2015 @ 7:54 am By Conrad Ford  |  

Let’s start with what won’t happen in business lending. Politicians and pressure groups love to opine that we need a return to branch-based local ‘Bank Managers’, who knew each customer personally and made lending decisions on a firm handshake. However attractive this nostalgia, most small… Read More

November 26, 2014 @ 12:15 pm By JD Alois  |  

PwC Rings Warning Bell as Banks Face Possible Demise. “We are surely looking at the end of the market and banks as we currently know them”.  As part of a report from a recent Peregrine Perspectives panel, an event that was organized in advance of… Read More

August 29, 2014 @ 9:03 am By Samantha Hurst  |  

Bank lending to the private sector in the US has stagnated in the last year, down by 0.13% in real terms, and continuing to fall behind the rest of the G7, according to a new study by UHY, an international accountancy network. UHY warns that… Read More

June 22, 2014 @ 11:30 pm By JD Alois  |  

A recent report from global consulting firm Deloitte declares the European banking model is under assault as technological advances are attacking the fortress of retail banking giants. The report – ‘Banking disrupted: How technology is threatening the traditional European retail banking model’ – highlights how… Read More

April 14, 2014 @ 2:02 pm By Charles Luzar  |  

Lending Club CEO Renaud Laplanche spoke with The Street recently about Lending Club’s growth and long-term goals as a platform. He didn’t shy away from the platform’s ultimate goal, which is to disrupt and bring increased efficiency to the banking sector. He also spoke briefly… Read More

July 3, 2013 @ 8:00 pm By JD Alois  |  

In a lengthy report published earlier today banking group BBVA address a wide range of financial industry challenges which included the disruptive innovation of debt and equity crowdfunding. Stating the  “financial industry faces its most dramatic transformation in modern history because of increased online and… Read More

June 7, 2013 @ 3:32 pm By Bdaily  |  

Recent figures out indicate that bank lending for small businesses is at a particularly low ebb at present – in April, they tumbled by a staggering £700 million, which is startling, given they currently account for 85% of small business finance, writes James Day, social media… Read More

May 13, 2013 @ 3:25 pm By Fresh Business Thinking  |  

Despite the economy avoiding a triple dip recession many leading entrepreneurs remain concerned about long-term growth prospects, according to the latest Smith & Williamson Enterprise Index. There was a marginal drop in the headline figure, although there were signs of positivity elsewhere. The inaugural Index,… Read More

February 8, 2013 @ 8:09 am By Presseurop  |  

I have started making loans to total strangers – scores of them. I am not mad, rich or philanthropic. The loans are tiny. The safeguards are good. So far, the borrowers are paying me back and I am turning a handy profit. Even nicer, I… Read More

December 20, 2012 @ 6:37 am By JD Alois  |  

There was an article published on Business Insider recently by James Pethokoukis from the American Enterprise Group talking about how public policy is stifling entrepreneurs in the United States.  He had some pretty interesting information to back up this statement. First lets look at some… Read More