Tuesday, January 19, 2021

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