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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. “We million Series C round in April of 2010.

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Fenergo Brings its Client Lifecycle Management Innovations to ABN AMRO

Fintech Labs Insights

ABN AMRO’s Helène Erftemeijer elaborated on the role Fenergo’s technology will play in helping the bank improve the user experience for its clients. “Fenergo is the technology platform that will underpin this initiative.”

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What Customer Intimacy Has To Do With Payments

PYMNTS

There is a famous business artifact – a triangle – that differentiates companies in three ways: product innovators that ship the latest thing, operational and efficiency companies who compete on price, and a third category of companies that are customer intimate, who really understand the customer. Previously, he worked for the U.S.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

These include wireless home monitoring startup Notion (XL Innovate, Liberty Mutual Strategic Ventures), on-demand homeshare insurance startup Slice Labs (XL Innovate, Munich Re/HSB Ventures), virtual auto claims operations firm Snapsheet (USAA, Liberty Mutual), and contract-related insurance startup Bunker (American Family Ventures, Hiscox).

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

And most recently, Allianz made a strategic investment in US online homeowners and renters insurance carrier Lemonade , which currently operates in New York, Illinois, and California. USAA has in some cases launched partnerships and pilots with its investments including Coinbase and MX Technologies. Number of investments: 7.

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3 Strategies Goldman Sachs can use to build a Fintech powerhouse

Lex Sokolin

There are, all of a sudden, a lot of deals being done across financial technology. We have the world’s best investment bank and institutional capital markets business, but something doesn’t feel right. Capital markets and private wealth bets come naturally to the company. Wealthtech is one fire, they say now.

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Fintech Trending: P2P, EMV, NFC, NLP… OMG

Fintech Labs Insights

In a $460 million deal, Texas-based ATM operator Cardtronics has acquired Canada-based DirectCash Payments. NACHA has imposed a same-day fee on every same-day ACH transaction to help financial institutions receiving the funds to recover the cost to enable same-day ACH. Capital One integration with Amazon Echo. Big handshakes.

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