Like many people, I use several traditional banks but also have several digital-only accounts. A combination of necessity and inertia has led me to be a customer of incumbent banks for years. Like many people, I am looking at multiple options in the digital banking… Read More
Read more in: Fintech, Opinion | Tagged banking, frank rotman, perspective, qed investors
Frank Rotman, who claims to be a 20+ year Fintech veteran, says that the “most disturbing” trend he’s seeing in the early-stage financial technology ecosystem is businesses or companies raising between two to three back-to-back investment rounds with minimal or not enough progress in-between. … Read More
Read more in: Fintech, Global, Opinion, Strategy | Tagged fintech investment, fintech trends, frank rotman, project valuations, vcs, venture capital
LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it has appointed Capital One co-founder Nigel Morris joined as board chair, and Frank Rotman, an early Capital One employee and its longtime Chief Credit Officer, joined… Read More
Read more in: Fintech | Tagged appointment, board, frank rotman, lendup, nigel morris
Fifth Third Bancorp (Nasdaq: FITB) announced last week that it had engaged QED Investors to assist and help formulate a Fintech Strategy. Fifth Third, like many traditional financial firms, is waking up to a new world where financial services are changing. The bank is pretty… Read More
Read more in: Fintech | Tagged fifth third bancorp, fintech, frank rotman, partnership, qed investors, tim spence
ApplePie Capital has signed a $180 million loan purchase agreement with TowerBrook Capital while simultaneously announcing the closing of a $16.5 million Series B funding round. The TowerBrook funding will come from its Structured Opportunities Fund and a credit facility provided by SunTrust Banks, Inc…. Read More
Read more in: Investment Platforms and Marketplaces | Tagged applepie, denise thomas, fifth third, frank rotman, marketplace, p2p, peer to peer, qed investors, ron suber, sti, sun trust banks, towerbrook, vanessa indriolo
One of the frequently touted benefits of peer to peer/marketplace lending is the heightened transparency associated with loan originations processed online. The financial crisis of the last decade was in part fueled by the disconnect between lender and borrower. As mortgages were securitized, sliced and… Read More
Read more in: Featured Headlines, Fintech, Investment Platforms and Marketplaces, Opinion | Tagged frank rotman, lord adair turner, marketplace, p2p, peer to peer, perspective, qed investors, risk
As most Fed followers expected, the FOMC decided to increase interest rates nudging up rates by 25 basis points. The last time the Fed raised rates was almost 10 years ago. The back and forth chatter regarding when the Fed would act has been a… Read More
Read more in: Featured Headlines, General News, Opinion | Tagged aaron vermut, bond street, david haber, federal reserve, fomc, frank rotman, janet yellen, lending club, marketplace, p2p, peer to peer, prosper, renaud laplanche
MMKT Exchange LLC (“MMKT” or the “Company”), a secure digital exchange that introduces efficiency, liquidity and transparency to the outdated middle market loan syndication process while increasing accessibility to a broader base of purchasers, announced on Wednesday that it has launched its loan syndication platform and closed… Read More
Read more in: General News, Investment Platforms and Marketplaces | Tagged david tannenbaum, digital exchange, frank rotman, leonard m. tannenbaum, loan syndication, middle market, mmkt
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