LendingClub to cut 225 jobs as interest rate rises impact loan demand
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
The service will initially launch in Germany, France and Spain, with plans to expand into other global markets.
Post-acquisition, Pagaya and Darwin’s SFR business now operates in more than 30 markets across the US.
The round consists of $33m in equity and $7.5m in debt from Silicon Valley Bank.
Over 2023, financial services will continue to become more digital, accessible and decentralised.
With stablecoins, emerging economies could potentially build more inclusive and fairer monetary systems.
2023 will be another year of fintech innovation and growth.
Banks can deliver personalisation through a more contextual customer journey.
FinTech Futures takes a look back at some of the year’s top regulatory stories of 2022.
Wells Fargo must pay more than $2bn in redress to 16 million affected consumers and a $1.7bn civil penalty.
Enabled by open banking, VRP is the Netflix to direct debit’s dusty VHS player.
MICT owns “100% of the operating business and assets” of Tingo after snapping up Tingo Mobile.
Innovative banking can help consumers make ends meet during what promises to be a challenging period.
In this episode, we’re joined by Amreen Sodhi, head of digital product, payments and loyalty at Scotiabank.
Our weekly fintech round-up for you to get the latest funding news from across North America.
Avant CEO Matt Bochenek says the funds from Ares will “further fuel our credit portfolio and next-gen platform”.
The revolving debt facility is being provided by Credit Suisse and Waterfall Asset Management.
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
In this episode of the podcast, we’re joined by Kirsty Morris, managing director at Barclaycard Payments.
The deal will see SeedFi become part of Intuit’s Credit Karma business.
The new offering is built on InvestCloud’s Find My Advisor technology.
In this episode of the podcast, we’re joined by Gaurav Sethi, chief product and strategy officer for Citizens Pay.
Whiting will join Mercury Financial from Barclays where he served as head of strategy for the Americas.
Flexible solutions for remittances are needed now more than ever to service evolving customer needs.
The integration will provide a fully digital checkout experience for Indian students to make transactions.
“This report lays out actions that would maintain fair, transparent, and competitive markets,” says Janet Yellen.
On its website, Nirvana Money says all accounts will be closed on 1 December 2022.
We chat with Jeanniey Walden, CMO at DailyPay, about the benefits of earned wage access.
To make open banking tech a success in the long term, the guarantee of data security must be a continued priority.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
In this episode of the podcast, we’re joined by Louise Hill, co-founder and COO at GoHenry.
“Meaningful innovation is the true litmus test,” says DBS’ Shee Tse Koon.
Harnessing technology can help create an inclusive and approachable culture around money.
Employees want the freedom to get paid anytime, anywhere, and payroll tech has stepped in to help.
The start-up is aiming to expand its loyalty programme and credit card offering for US renters.
Cellulant’s customers can now pay online wherever Mastercard is accepted via the Tingg wallet.
The facility has been provided by O’Connor Capital Solutions and a “multi-trillion-dollar asset manager”.
In this episode of the podcast, we’re joined by Women’s World Banking CEO and president Mary Ellen Iskenderian.
We speak with Dan Globerson of NatWest about the bank’s open banking strategy.
The savings account will allow Apple Card users to deposit their “Daily Cash” rewards automatically.