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Goldman Sachs Provides $100M Loan To Konfio

PYMNTS

In addition, its interest rates are half those charged by traditional banks, said Arana. Konfio’s technology is also able to keep non-performing loans under control, with the company’s delinquency rate at 4.8 percent for the banking industry. “I It also has access to credit from Bank of Nova Scotia.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. get the REPORT on next generation investors.

Finance 77
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Finovate Debuts: Finanteq Helps Innovative Banks Succeed in Mobile with SuperWallet

Fintech Labs Insights

Can you imagine spending as much time with your banking app as you do with Facebook or Twitter? Not only can FINANTEQ imagine it, but with its new banking app, SuperWallet , the Polish spin-off from eLeader is doing everything it can to make it happen across Europe and, soon, the U.S. Headquartered in Lublin, Poland.

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LendingClub Settles With SEC, DOJ

PYMNTS

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The SEC Finding. The Rundown on the Run-up to the Decisions.

P2P 54
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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

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Foot In Mouth: 43 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

We have living, breathing, 4,500 style advisors in our stores.”. ” “We have not seen a direct effect [from Airbnb] in any of our hotels … We don’t feel it’s having any impact on our results or that it has hit our radar as of yet,” said Richard Jones, senior VP and COO of Hospitality Ventures Management Group, in 2014.

Bitcoin 78
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Future Friday: Downsizing the Bank Branch While Engaging with More Customers

Fintech Labs Insights

The number of traditional bank branches (1000+ square feet, fully staffed) are on the decline. While I appreciate the helpful people and wide-open space, most ( note 2 ) bank branches are just too costly to support the declining “non-digital” customer base. Banks don’t want to lose that, nor should they.