Antony Jenkins, the former CEO of Barclays, has a nightmare vision for the future of big banks.
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."
Affirm, the online lending startup founded by PayPal co-founder Max Levchin, has raised $100 million in debt from financial services giant Morgan Stanley.
The next stage of development in financial technology is going to be partnerships between big banks and startups.
BNP Paribas Investment Partners closes €500m raise for new SME-focused alternative credit fund.
U.K.-based P2P lending pioneer Zopa partnered with Airbnb to help customers pay back their loan.
Austin-based Able Lending announces Tuesday that it has received $100 million to fund its online small business loans from Community Investment Management.
German credit broker Smava today announced that it has closed a 34 million US$ investment which was led by growth investor Runa Capital, with additional participation from Verdane Capital and mojo.capital.
The first securitisation of Zopa loans is doing the rounds with investors, as Moody’s assigns provisional ratings.
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.