Banks are about to have an 'Uber moment' — and it's going to be painful
Antony Jenkins, the former CEO of Barclays, has a nightmare vision for the future of big banks.
Lord Turner says peer-to-peer lending could 'make credit crunches less likely'
Britain's former top financial watchdog has distanced himself from his comments made earlier this year that "losses which will emerge from peer-to-peer lending over the next five to 10 years will make the bankers look like lending geniuses."
Morgan Stanley Backs PayPal Co-Founder's Lending Startup Affirm
Affirm, the online lending startup founded by PayPal co-founder Max Levchin, has raised $100 million in debt from financial services giant Morgan Stanley.
Goldman Sachs: We're in the 'second wave' of fintech
The next stage of development in financial technology is going to be partnerships between big banks and startups.
BNP Paribas launches €500m alternative credit fund
BNP Paribas Investment Partners closes €500m raise for new SME-focused alternative credit fund.
Two P2P Sharing Economy Players Team Up– Airbnb and Zopa
U.K.-based P2P lending pioneer Zopa partnered with Airbnb to help customers pay back their loan.
Able Lending Receives $100 Million To Fund Small Business Loans
Austin-based Able Lending announces Tuesday that it has received $100 million to fund its online small business loans from Community Investment Management.
Smava Raises 34M US$ Series C
German credit broker Smava today announced that it has closed a 34 million US$ investment which was led by growth investor Runa Capital, with additional participation from Verdane Capital and mojo.capital.
Zopa readies £138m debut securitisation, receives Aa3 rating
The first securitisation of Zopa loans is doing the rounds with investors, as Moody’s assigns provisional ratings.
25% of global banks would buy a fintech company
Banks collaborating with fintechs for mutual benefit has long been the preferred narrative when discussing the future of financial services. But this narrative may soon need to be updated, according to data from a new study by IDC and SAP. While a third of global banks continue to view fintechs as collaborators, nearly a quarter now see them as acquisition targets.