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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. The Dip into Commercial Banking.

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

PYMNTS

Put on a Retail Happy Face. Yup, physical retail is doing just fine — despite all the talk of doom and gloom. Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008.

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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. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

Fintech 142
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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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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

HQ: Boston, Massecheusetts. Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor). Source: TechCrunch. Alt-lender to small businesses. HQ: Atlanta, Georgia. Latest round: $135 million at $1 billion valuation. Total raised: $600 million. Source: Finovate. Secure messaging for financial services.

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242 Startup Failure Post-Mortems

CB Insights

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. It did not close because the customer base isn’t there or due to a lack of demand for its lending products. -Kyle Hill, HomeCare CEO. Product: BTCJam.

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