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While LendingClub, Prosper, Avant and SoFi are giving existing borrowers breaks in the short term, they're considering tightening credit as the coronavirus outbreak threatens to drag the economy into a recession.
March 26
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LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.
March 3
Columbia University -
The heads of the two companies explain how the deal came about, what hurdles they face and how they plan to mash up their very different operations.
February 20
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LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.
February 20Columbia University -
The deal for Boston-based Radius would be the first in history in which an online lender buys a mainstream bank.
February 18
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Easy credit has given way to cautiousness, with financial technology upstarts now seeking households with higher incomes, above-average credit scores and less debt relative to their wages.
December 16
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A more practical approach for U.S. regulators on whether to bring fintechs into the banking fold might be "better the devil you know than the devil you don’t."
November 22Columbia University -
The company has rolled out an online platform for firms considering marketplace loans as an asset class.
October 10
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Renaud Laplanche, one of the first fintech disruptors, is launching an unusual type of credit product at Upgrade, his new company, that is a cross between a credit card and an unsecured loan.
October 10
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Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.
September 25
