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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Mortgages and Credit Cards and Student Debt….

Lending 148
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Bump On The Road To National FinTech Charters?

PYMNTS

The judge ruled that “such dramatic disruption of federal state relationships in the banking industry occasioned by a federal regulatory agency lends weight to the argument that it represents exercise of authority that exceeds what Congress may have contemplated in passing the NBA. lakh (roughly $1.6 In the U.K.,

National 165
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

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LendingClub Extends Balance Transfer To More Customers

PYMNTS

The offering lets borrowers seamlessly pay credit cards as well as high-interest debt as part of the personal loan process, the company said in an announcement. It also noted that many members who opt for a balance transfer loan save money, reduce their credit card interest rate and increase their credit scores.

Cards 116
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37 Corporate Innovation Labs In Finance

CB Insights

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

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Data Dive, Milestone Edition: Gig Payments, Affirm And Contactless March On

PYMNTS

But he went on to hit a career 755, a feat that no one came close to matching until 2007, when Barry Bonds broke that record. Gig workers, for example, will likely soon see an upgrade to their payments speed, thanks to a bit of help from their card network friends. Visa Ups the Pace of Gig Payments.

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Reaching Toward Critical Mass in Payments

PYMNTS

Pricing the console low enough so that there is what is tantamount to a “public promise” that pricing will be low enough to spur adoption by consumers (and developers), while at the same time lending credibility to the game makers that developing and marketing new offerings will be worth the time and effort.

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