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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

The public markets are less excited about the traditional FIs – the private money indicates promise in digital banking, and decidedly less rosy days ahead for the traditional financial players (who are burdened by legacy tech and have relatively higher exposure to legacy financial/credit products that may be pressured by rocky economic landscapes).

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

The public markets are less excited about the traditional FIs – the private money indicates promise in digital banking, and decidedly less rosy days ahead for the traditional financial players (who are burdened by legacy tech and have relatively higher exposure to legacy financial/credit products that may be pressured by rocky economic landscapes).

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Fighting Digital with Digital

Independent Banker

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. FDIC-insured deposits largely solve this problem for banks.

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LendingClub Settles With SEC, DOJ

PYMNTS

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The DOJ Finding. Attorney Alex Tse. “We

Lending 135
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Finovate Fall 2016 Live Blog – Day 2

William Mills

Working for the past 6 years with many banks to design their online experience. Showing two different types of customers and how one person sees his online experience. In researching this company, it LOOKS like financial is only a small part of their business but I may be mistaken. Bank secured social funding.”