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Amazon Sizzles, Plenti Fizzles And Goldman Gets Its Consumer Banking Groove

PYMNTS

Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. In fact, one of them asked Chavez during the earnings call whether Marcus was lending to consumers with less than stellar credit histories. The Big Bet on Consumer Services. Note to industry.

New York 101
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Innovation in the Asset Management industry

Tefkin

While other sectors attract more mainstream press attention (payment, retail banking), the asset management industry is also deeply affected by “software eating the world” Asset Class Competition. Traditional asset management companies are increasingly facing competition on both sides of the performance scale.

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2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Congrats to Randy and a great management team. We salute a legend of lending and credit union leadership. GonzoBanker of the Year – Credit Union.

Fintech 142
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In The Age Of Big Data, Why Are We Still Flying Blind?

PYMNTS

The average temperature in Boston in February is 37 degrees Fahrenheit, but on Saturday it was 52 degrees. And if they valued it just at even an after-tax minimum wage rate, Evans says consumers must have believed they got at least $2.8 The average height of a female in the U.S. A week ago it was 28 degrees. In other words, it’s a lot.

Big Data 135
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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Expense management solutions for small businesses. 401(k) management. HQ: Boston, Massecheusetts. Using the blockchain for managing records. Card rewards management. Tags: Enterprise, SMB, investing, wealth management, data. Latest round: $135 million at $1 billion valuation. Total raised: $600 million.

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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

Alt-lending to small businesses. HQ: Boston, Massachusetts. Marketplace lending analytics. Tags: Institutions, advisors, analytics, BI, lending, loans, securitization. Fintech deals by size from 25 June to 1 July, 2016: Paycor. Online payroll system. Latest round: $45 million. Total raised: $164 million. LendingKart.

Company 12
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242 Startup Failure Post-Mortems

CB Insights

Twenty months of my absence have allowed the “professional” top managers to kill the company using the money of rich oligarchs. BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources.

Company 78