17 Mar 2022

admin | March 17, 2022
close

Email a Friend

0 comments on “17 Mar 2022”

Lending, Payments

Can lenders improve the financial health of consumers through design?

  • Design can play a critical role in improving consumers' financial health when it comes to lending.
  • Research by the Financial Health Network shows that areas like defaults, making payments, and borrowing the right amount can be significantly improved through behavioral design principles, to ensure customers make decisions that improve their financial well-being.
Rabab Ahsan | May 26, 2023
Finance Everywhere

Grads are ambitious to achieve financial independence, but most have no idea how to do it

  • The younger generation is impeded by a lack of financial education about handling finances broadly, particularly on how to properly use and build credit, shows a new survey by Bread Financial.
  • As millions of new college graduates will set foot in the practical world, it could be years before they actually start leading a financially independent life.
Sara Khairi | May 26, 2023
Lending

Fintechs continue to drive consumer loan growth, but there’s more they need to know

  • Fintechs are taking the lion's share of the personal loan market because of their growing presence and consumer satisfaction with them in recent years, according to a new J.D. Power study.
  • While banks still hold consumers’ trust and the majority of their accounts, they’re falling behind their digital-first rivals when it comes to customer satisfaction.
Sara Khairi | May 25, 2023
Banking

Revolut may not secure a banking license in the UK. Why?

  • Revolut is eliciting alot of questions: Why does Revolut want a banking license? Has it secured its position as a bank anywhere in the world? And finally what’s keeping UK regulators on the fence?
  • Between the regulatory qualms and Revolut's need to disrupt incumbent banks, there is a story unfolding about how uneven the possibilities neobanks have can be across geographies.
Rabab Ahsan | May 24, 2023
Banking, Lending

SoLo Funds faces a new consent order in Connecticut: Will a third order pressure the fintech to pursue a lending license?

  • Last week, the Connecticut Department of Banking issued a coherent consent order for SoLo, in regard to Connecticut’s ongoing disagreement with the fintech.
  • The situation following the string of consent orders begs the question: whether SoLo Funds will cease operations across other US jurisdictions or continue working until it applies for and obtains the required licenses to keep serious repercussions at bay?
Sara Khairi | May 24, 2023
More Articles