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Consumer Lending: Should Banks Do It?

Jeff For Banks

When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” Ever since we formed our company in 2001, this has been the case. Real estate secured.

Lending 60
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The old borrow short, lend long strategy. To you, manage your interest rate risk. The dot-com bubble recession began in March 2001 and lasted only 8 months. percent of all jobs in 2001 to 11.3 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004.

FDIC 78
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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

In addition to the new funding, according to Crowdfund Insider reports, Cardlay also announced a partnership with Eurocard, Scandinavia’s largest corporate card issuer, to expand its market share as it looks to connect businesses with value-added services tied to their corporate card products, including travel expense and receipt management.

Strategy 109
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

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A Decline in Personal Savings

TrustBank

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52
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The Top 20 Venture Capitalists

CB Insights

After 4 years with the company, Brian joined Google as a Software Engineer and inevitably rose to become an Engineering Manager. Jeff began his post-graduate career as a Management Consultant with The Boston Consulting Group. Shortly after, he joined eBay as Senior Vice President and General Manager. JEFF JORDAN.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. To compete, Amazon is investing in product including hiring product managers for devices solutions, which could see Alexa move from the home and office, and into brick-and-mortar or point-of-sale POS. Amazon Lending.

Cards 101