article thumbnail

Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. As a new national bank, Varo joins the world’s most respected system of financial institutions and has the opportunity to become a household name as many other national banks have become.”.

National 172
article thumbnail

Misys Helps Banks Play The Alt-Lending Game

PYMNTS

The financial technology firm revealed it will offer banks access to its peer-to-peer lending technology to help banks compete with younger alternative lenders in the industry. Misys is offering banking clients access to its P2P lending software, reports said Tuesday (Jan.

Lending 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What SMBs’ Cash-Flow Crisis Means For Fintech

CB Insights

Unlike larger, more established firms, they have small cash buffers and depend on external capital to sustain growth. Most alternative lenders, such as BlueVine , and the algorithms their lending decisions rely on are a post-2008 phenomenon. GET THE 102-PAGE State of fintech REPORT. LENDING MARKETPLACES CAN SHOWcase THEIR UTILITY.

Fintech 87
article thumbnail

LendingClub Settles With SEC, DOJ

PYMNTS

As technology continues to provide more creative means for financial transactions, so, too, must financial technology companies be careful to abide by the rules that ensure stability and fairness in these emerging markets.” LendingClub has agreed to pay a $2 million civil penalty to settle the matter. “As

Lending 135
article thumbnail

FT Partners New Research Report on Digital Wealth Management Features a Dozen Finovate Alums

Fintech Labs Insights

The new research report on digital wealth management from Financial Technology Partners is a timely reminder of just how deep the firm’s dedication to and insight into the fintech world goes. Founded in 2008. 205 million in capital raised. 250,000 in capital raised. million in capital raised.

article thumbnail

FT Partners New Research Report on Digital Wealth Management Features a Dozen Alums

Fintech Labs Insights

The new research report on digital wealth management from Financial Technology Partners is a timely reminder of just how deep the firm’s dedication to and insight into the fintech world goes. Founded in 2008. 205 million in capital raised. 250,000 in capital raised. million in capital raised.

article thumbnail

120 Fintech Unicorns of the 21st Century: November 2020 Update

Fintech Labs Insights

But we achieved a new milestone surpassing the $1 TRILLION-mark in total valuation among the 120 public and private financial technology companies. New in November: Newborns: Verafin , the Canadian anti-financial crime specialist founded in 2003, is set to be acquired by NASDAQ for US$2.75 Virtu Financial. Total = 120.