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Fintech’s Power Grab — in The New York Times

Bank Innovation

Ok, it’s safe to say fintech has hit the big time. The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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Fintechs Have a Larger Share of Personal Loans than Banks or Credit Unions

Bank Innovation

Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few years.

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Ellevest’s Krawcheck believes market is big enough for many winners

Bank Innovation

Sally Krawcheck, co-founder and CEO of digital investment advisory company Ellevest, has built an investment product geared at a market she said many digital wealth platforms aren’t effectively reaching: women.

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Data: London FinTechs Netted $3.6B In VC Investments So Far In 2020

PYMNTS

London's FinTech sector has been going strong this year, even in spite of the pandemic, with $3.6 New York City is also high up there, with $2.2 The pandemic has dealt blows to many markets, but so far, London's FinTech market appears to be coping well, the release stated, with data suggesting that around 95 percent of the U.K.'

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NY Lawsuit Against FinTech Banking Licenses Can Proceed

PYMNTS

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. Regulators in New York want to prevent federal government agencies from granting FinTechs national licenses enabling them to loan and send money like a bank.

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NYCA’s Sica: challenger banks poised to take market share from incumbents

Bank Innovation

As fintech moves beyond digitizing legacy systems to a focus on intuitive, customer-driven experiences, the field of startups competing for market share is getting crowded. According to CB Insights, venture-backed fintech companies raised $6.3 NYCA Partners, based in New York and San […].

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Grasshopper Gearing Up To Launch Challenger Bank In New York

PYMNTS

Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. According to the report, the bank formerly went by the name New York Ventures Bank and is in the process of getting a banking license. In a press release, the U.K. billion.

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