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FinTech Rising

FinTech Rising

Reports at the intersection of money, banking, securities, and payments with digital technologies

marketplace lending

Backing Banking?

September 10, 2016 by Collin Canright

FINTECH ARTICLES OF THE WEEK 09/10/16 I am generally gung-ho on banks and their need to embrace FinTech partners and on the need for FinTech firms to build the systems that can help smaller banks compete. The record, yet rather paltry, $185 million fine levied on Wells Fargo for fraudulently opening accounts to meet sales targets gives some support to that thesis, even though … [Read more...] about Backing Banking?

Alternative Lending Drama

May 22, 2016 by Collin Canright

FINTECH ARTICLES OF THE WEEK 05/22/16 No surprise that much of this week's FinTech news drew this or that lesson from the difficulties at peer-to-peer lender LendingClub. The market is abuzz with possibilities of lower FinTech investment, closer regulatory scrutiny, and either the need for greater partnerships with banks or a sense that perhaps the banking industry is OK on … [Read more...] about Alternative Lending Drama

Innovation and Misconduct

May 15, 2016 by Collin Canright

FINTECH ARTICLES OF THE WEEK 05/15/16 FinTech's spring coming out party took place last week, with two days of demonstrations of the cutting-edge of financial services technologies at Finovate. To see what innovations companies debuted, take a look at a summary of Finovate's Twitter feed and the event live blog from financial public relations firm William Mills. At the same … [Read more...] about Innovation and Misconduct

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