Crooks, like borrowers, flock to online lenders
Speed and ease of use have made online lenders increasingly popular with consumers, but those same qualities have put them in fraudsters’ cross hairs. Read more: www.americanbanker.com
SMEs’ self-service banking leads to downsize
DNB, is taking a new approach to its SME customers as small businesses turn to digital, self-service banking solutions. Read more: www.pymnts.com
Misys prepares for alt-lending’s collapse
Banking software provider Misys wants to offer their customers a P2P loan, a solution that nixes any need for banks to partner with or acquire an alternative lender. Read more: www.pymnts.com
LendingClub shares soar on smaller than expected loss
Online lending platform operator LendingClub reported a smaller-than-expected loss and said an investor had agreed to buy $1.3 billion in loans. Read more: www.fintechranking.com
H2Ocean taps OnMarket for IPO
H2Ocean Ltd, a company which invests in a diversified global portfolio of early and growth stage financial technology (fintech) companies, says it is going public. Read more: www.finextra.com
Should online lenders consider direct mail marketing?
While using the internet with online advertisement and social media is an applicable marketing strategy for many industries, it is not true in the lending space. Read more: www.lending-times.com
Lendio picks up $20m round after lending grows 93%
Small business lending marketplace Lendio has raised $20m in a Series D round led by Comcast Ventures and Stereo Capital. The funding brings Utah-based company's total funding to $51m. Read more: www.fintechroundup.com
UK moves to protect alt-lending investors
While the FCA requires these alternative lending platforms to be “clear, fair and not misleading” for investors, this doesn’t always happen, the agency said. Read more: www.pymnts.com
South Korean insurer buys 4.1% stake in Lending Club for $66m
South Korea’s Hanwha Life Insurance has acquired a 4.1% stake in troubled peer-to-peer lending firm Lending Club. Read more: www.fintechroundup.com
India’s “MM” raises $15M to expand to new financial products
Fintech companies are beginning to make a significant impact to how people live in Asia. Mywish Marketplaces, one of the more mature startups in what is. Read more: techcrunch.com