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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox. Late last week, the U.S.

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Data Dive, Supersize Edition: Warby Parker, Whole Foods And WhatsApp

PYMNTS

Indian regulation requires all payments data be processed in-nation — instead of on Facebook’s servers. Among the reasons for the proposed expansion is a desire to push its Prime Now delivery services and online grocery pickup services through Whole Foods to as wide a base of consumers as possible.

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Lemonade Insurance Review: Best for Simple Insurance Coverage

MyBankTracker

Lemonade is a fully licensed and regulated insurance company that serves customers in both the U.S. The neat thing about Lemonade’s online quoting tool is that you can easily see and adjust coverage amounts with the click of a button. Applications can be done 100% online and, in some cases, may not require a physical.