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Fintech Focus For April 8, 2021
Wednesday, April 7, 2021 - 6:17pm | 1521Quote To Start The Day: The two most powerful warriors are patience and time. Source: Leo Tolstoy One Big Thing In Fintech: During the COVID-19 pandemic, the digital transformation in finance accelerated and stock market engagement rose. Headlines on so-called meme-stocks like GameStop led to...
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Funding, IPOs, M&A: A Look At Fintech In 2018
Wednesday, October 3, 2018 - 4:24pm | 1966This story is the third in a multipart series by Benzinga on the state of the fintech sector in 2018. As the fourth quarter kicks off, Benzinga is taking a look back at some of the fintech stories we've covered in the last nine months. They include continued dealmaking between major...
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Fintech Lender Avant Courts Big Banks With Launch Of SaaS Business
Monday, September 24, 2018 - 10:59pm | 615Personal loan startup Avant announced today that it would spin off its lending infrastructure tech business into a new platform, Amount. The business builds consumer lending products for major banks based on the technology backbone that Avant’s lending line has already built out. “Avant...
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Canaccord On Online Lending: Still Too Early To Call A Bottom
Monday, July 25, 2016 - 3:11pm | 531Canaccord Genuity said online lending stocks such as LendingClub Corp (NYSE: LC) and On Deck Capital Inc (NYSE: ONDK) should see continued headwinds in the second quarter. "Investors continue to be concerned about credit risk (growing net charge-offs), investor demand for loans (especially from...
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The Price Of LendingClub's Blunder And What It Means For Peer-To-Peer Lending
Friday, June 10, 2016 - 4:06pm | 365Quite recently, LendingClub Corp (NYSE: LC)’s CEO was forced to resign over allegations that he had misplaced the sale of loans. However, malaise is not over for the online lender. Last Wednesday, the company issued a downward revision of a previously released weekly loan sales figure,...
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Are Changes Coming To The P2P Lending Model?
Tuesday, September 29, 2015 - 4:20pm | 554Shares of LendingClub Corp (NYSE: LC) have lost nearly 50 percent year-to-date. The company's CEO continues to maintain a view that its peer-to-peer lending structure hasn't been impacted by the Madden v. Midland case. Michael Tarkan of Compass Point Research maintained a Sell rating and $12 price...