Latest Non-bank competitors News: Finextra Research

Tesco Bank and MasterCard forge payment partnership

Tesco Bank and MasterCard have today announced a strategic partnership to enhance mobile and digital payments at the retailer to make it easier for Tesco customers to pay.

15 June 2016

News/Non-bank competitors

BBA backs merger plan

The British Bankers Association (BBA) has backed a plan to merge four of the UK's financial services lobby groups into one industry body.

10 June 2016

Company update/Non-bank competitors

BNP Paribas to run second hackathon

BNP Paribas is to run a second international Hackathon from 17 to 19 June.

09 June 2016

News/Non-bank competitors

Laplanche talks to investors about Lending Club takeover - Reuters

Former Lending Club CEO Renaud Laplanche, who was forced out of the company last month over a loans sale scandal, has been speaking to private equity firms and banks about raising money for a possible buyout of the online lender he co-founded, according to Reuters.

08 June 2016

Company update/Non-bank competitors

OnDeck expands accountant advisor programme

OnDeck (ONDK), the leader in online lending for small business, today announced the expansion of its Accountant Advisor Program with the hiring of new OnDeck Accountant Relationship Managers in Louisville, Kentucky, Miami, Florida and Mobile, Alabama.

07 June 2016

News/Non-bank competitors

Fintech's success raise questions about EU's crowdfunding limits

A fintech startup aimed at teaching children how to manage their pocket money has become the most highly funded crowdfunded fintech startup in Britain after raising just under £4m in a matter of weeks.

07 June 2016

News/Non-bank competitors

Singapore regulator proposes fintech sandbox

The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a regulatory sandbox for fintech startups and pilot schemes.

06 June 2016

Company update/Non-bank competitors

Mexican lending platform Konfio raises $8m

Konfio, an online Mexican lending platform, announced a new round of investment for $8 million from the Accion Frontier Inclusion Fund managed by Quona Capital, QED Investors, Kaszek Ventures, and Jaguar Ventures that will allow the lender to strengthen its operations, grow its user base, and adopt corporate best practices.

24 May 2016

News/Non-bank competitors

NYDFS subpoenas Lending Club over interest rates and fees - WSJ

Lending Club's woes continue, with New York state's financial services regulator joining the Justice Department in investigating the online loan marketplace, according to the Wall Street Journal.

19 May 2016

Company update/Non-bank competitors

Wealthsimple launches portfolio review service for investors

Wealthsimple, Canada's leading online investment manager, has launched a free second opinion product for investors called Portfolio Review.

17 May 2016

News/Non-bank competitors

Lending Club faces Justice Department probe

After its CEO was forced out over a loans sale scandal, Lending Club says that it is being investigated by the US Justice Department and admitted that investors are pulling back from debt purchases.

17 May 2016

News/Non-bank competitors

Indian online lender Capital Float raises $25m

Capital Float, India's largest online lending platform, has raised $25 million in a Series B funding round led by Creation Investments Capital Management.

12 May 2016

Company update/Non-bank competitors

Green Dot moves into online marketplace lending

Green Dot Corporation (GDOT) today announced the launch of Green Dot Money, an online marketplace that seeks to match low and moderate income consumers with a curated set of lending partners that specialize in serving low and moderate income Americans.

12 May 2016

News/Non-bank competitors

US Treasury calls for online lending oversight

In a week in which the sector has been rocked by the Lending Club scandal, online marketplaces have been warned in a new report from the US Treasury that they need to be more transparent and should, in some cases, face greater regulatory oversight.

11 May 2016

News/Non-bank competitors

Prosper slashes workforce as online lenders feel the heat

Jobs, earnings and funding news out of three of America's biggest alternative lending platforms - Prosper, OnDeck and SoFi - is raising concerns about the market and investors' willingness to fund loans.

04 May 2016

Company update/Non-bank competitors

NerdWallet introduces retirement saving tools

Today, NerdWallet launched two new tools to help Americans manage and maximize their retirement savings.

26 April 2016

Company update/Non-bank competitors

Mexican online lender Kueski scores funding

Kueski, the leading online lending company in Mexico offering real-time, micro loans to Mexican consumers, announced today the close of a US$35 million round of equity and debt funding, with the potential to increase to US$100 million in total funding, the largest capital funding in Mexico for a fintech startup.

21 April 2016

Company update/Non-bank competitors

UK online pension manager PensionBee launches

PensionBee, an innovative young company, has unveiled a service that helps customers to find their old pensions and combine them into a single, online plan.

20 April 2016