New AI-Driven Credit Model for LendingClub Spooks Investors
EXCLUSIVE— Online lender LendingClub Corp. reported revenue at an all-time high, growth in loan originations, and declining losses during its third ...
Tag: earnings
Mastercard Aiming to Keep Momentum With Masterpass, Blockchain, IoT
EXCLUSIVE— Masterpass, blockchain, and the Internet of Things are three of the largest areas of innovation on which Mastercard will keep its focus, ...
New Payment APIs, Tez Growth, Mobile Expansion Could Point to Bigger Fintech Ambitions for Google
EXCLUSIVE— Is Google looking to become a fintech power? The company, which reported strong results for its third quarter yesterday, ...
Branches Still Matter Even as Mobile Growth Continues, JPMorgan Chase Says
EXCLUSIVE— With 12% growth in mobile active customers year over year, JPMorgan Chase is quite aware of mobile banking’s growing ...
China Rapid Finance Is Expecting to Add 3M New Borrowers by End of 2017
EXCLUSIVE — Shanghai-based online lender China Rapid Finance reported a 240% growth in consumer loan volume year-over-year and is expecting ...
Traditional FIs Now Driving Cashless, Contactless Payment Adoption, USA Technologies Says
EXCLUSIVE— Contactless, cashless payments are on the rise in retail, driven forward as payment companies like Mastercard and Visa increase ...
Tencent Will Increase Investment in Payments, AI
Tencent Holdings will be increasing its investments in financial technologies like artificial technologies and in payments, the company stated during ...
Is Lending Club Back?
Better originations, better sales, more revenue: wow, did Lending Club just report a positive quarter? With the results reported on ...
OnDeck Will Focus on Better Borrowers, Expanded Partnerships to Grow Originations
OnDeck is turning towards upgraded features, expanded partnerships, and higher-quality borrowers to jolt its originations back towards growth. The online ...
Bank of America, Chase Pull Ahead of Wells Fargo in Mobile User Growth
Overall, mobile banking usage is still growing, but more quickly at some financial institutions. Bank of America Corp., which reported ...
