Lending Club is the world’s largest online marketplace connecting borrowers and investors. We’re transforming the banking system to make credit more affordable and investing more rewarding.
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Discussion
Fintastico Team
2 weeks
http://www.americanbanker.com/news/we-dont-need...
'We don't need to be scared by sunshine': Industry backs CFPB rule
At a forum convened by the CFPB, several bank and fintech executives argued that long-delayed rules required under the Dodd-Frank Act can help fight discrimination and shine a light on unsavory practices in the market for small-business credit.
Fintastico Team
1 month, 1 week
https://www.crowdfundinsider.com/2019/10/152684...
LendingClub Launches Digital Loan Transaction Platform 'LCX,' Provides Improved Liquidity & Same Day Settlement
LendingClub (NYSE: LC), the leading marketplace for loans in the US, has launched a 'first of its kind' online marketplace designed to connect institutional investors to loans called LCX. The new marketplace provides same-day settlement of fully funded loans. LendingClub said in a release that
Fintastico Team
2 months
https://www.crowdfundinsider.com/2019/09/151786...
LendingClub Fills Board of Directors Slot with former Alibaba Executive Michael Zeisser
LendingClub (NYSE: LC), has filled a vacant board of directors position with Michael Zeisser - a former executive with Alibaba. According to a release, Zeisser will serve on the Nominating and Corporate Governance Committee and the Compensation Committee. Zeisser has an interesting resume. Until April
Fintastico Team
2 months
http://www.americanbanker.com/news/banks-have-u...
Banks have upper hand in tech but no room to be complacent
The largest financial institutions have a golden opportunity to capture more market share because of the under-40 crowd’s decided preference for digital banking, J.D. Power says. Yet so do nonbanks.
Fintastico Team
2 months, 2 weeks
https://www.pymnts.com/news/investment-tracker/...
eCommerce Startups Find Funding Favor In India | PYMNTS.com
In India, funding activity over the past weeks showed that eCommerce startups focused on home delivery gained traction, as measured by funding rounds.
Fintastico Team
2 months, 2 weeks
https://www.crowdfundinsider.com/2019/09/151215...
Even Financial Raises $25 Million Through Investment Round Co-Led By Citi Ventures & MassMutual Ventures With Participation From LendingClub
Even Financial, an API for financial services search, acquisition, and monetization, announced on Wednesday it secured $25 million through latest investment round, which was co-led by Citi Ventures and MassMutual Ventures, with participation from LendingClub. The company's existing investors American Express Ventures, Canaan Partners, F-Prime
Fintastico Team
2 months, 3 weeks
http://www.americanbanker.com/news/a-way-for-sm...
A way for smaller banks to access tech sandboxes big banks play in
Bond Financial Technologies' platform is designed for community and regional banks seeking fintech expertise.
Fintastico Team
2 months, 3 weeks
https://www.crowdfundinsider.com/2019/08/150930...
Fintech Unison Considers Exiting San Francisco. Will Others Follow?
In a report from last week, Fintech Unison was highlighted as considering an exit from the tech startup epicenter of San Francisco. According to SF Business Times, Texas, Idaho, and other states are looking to lure companies away from the Bay Area as the cost
Fintastico Team
3 months
https://www.crowdfundinsider.com/2019/08/150691...
Future Fintech: The Fight for the Digital Banking Crown
As 2019 moves into its third quarter, the once burgeoning industry of digital banking is starting to make serious waves in the financial world - and investors are taking notice. Big players like Monzo, Starling, N26, Revolut, and EQIBank have recently completed massive funding rounds
Fintastico Team
3 months, 1 week
http://www.americanbanker.com/opinion/nonbank-p...
Nonbank players are ready for CECL — are banks?
The accounting standard is coming regardless of a delay. It will bring some nonbank lenders to the forefront of banking competition.
Fintastico Team
3 months, 2 weeks
https://cointelegraph.com/news/coinbase-custody...
Coinbase Custody Adds New York Banking Regulatory Experts to Its Board
Coinbase Custody Trust Company has appointed Richard Neiman and Robert Easton to its Board of Directors, who previously held various leadership positions in the New York State financial regulatory system.
Fintastico Team
3 months, 2 weeks
http://feedproxy.google.com/~r/finovate/~3/nGjg...
Lending Club Unveils Select Plus for Sophisticated Investors - Finovate
Months after LendingClub announced that it was closing its small business lending division, the online P2P credit marketplace is back in the fintech headlines with the launch of the Select Plus Platform. The solution enables sophisticated investors to participate in the financing of borrowers “who fall outside current criteria” of bank lenders. Select Plus provides Read more...
Satin Creditcare
3 months, 2 weeks
Certainly, the launch of "Select Plus Platform" will help to reach out to people who fall outside the credit lending criteria currently used by bank lenders. Thanks for simplifying credit accessibility.
Fintastico Team
3 months, 2 weeks
http://www.americanbanker.com/news/lendingclub-...
LendingClub eyes 3Q profit, looks to reopen credit spigot
The San Francisco company forecast a modest profit in the third quarter because its cost-cutting plans are ahead of schedule. It's also starting a program to sell riskier loans to sophisticated investors.
Fintastico Team
3 months, 2 weeks
https://www.crowdfundinsider.com/2019/08/150306...
LendingClub Q2 Results, Revenue Rises, Loss Declines. Launches New 'Select Plus Platform' for Sophisticated Credit Investors
LendingClub (NYSE: LC), an online lending platform for both borrowers and investors, has posted second-quarter results. While still generating a loss, LendingClub said it was on track to be net income profitable (Adjusted) by Q3. The Fintech lender reports the following metrics: Record loan originations
Fintastico Team
3 months, 2 weeks
https://www.crowdfundinsider.com/2019/08/150306...
LendingClub Q2 Results, Revenue Rises, Loss Declines. Launches New 'Select Plus Platform' for Sophisticated Credit Investors
LendingClub (NYSE: LC), an online lending platform for both borrowers and investors, has posted second-quarter results. While still generating a loss, LendingClub said it was on track to be net income profitable (Adjusted) by Q3. The Fintech lender reports the following metrics: Record loan originations
Fintastico Team
3 months, 2 weeks
https://www.crowdfundinsider.com/2019/08/150228...
LendingClub: America Does Not Need Another Credit Card, Apple Card Spells Disaster for Consumers
Apple Card, a 'new kind of credit card' launched by Apple (NASDAQ:AAPL) in partnership with Goldman Sachs (NYSE:GS) is expected to be made available to the public within the next few days. In fact, it has been reported that invitation emails have already gone out