Items Tagged with 'Fintech'

ARTICLES

  • Built Technologies hires new SVP of technology

    Raymond Ritz to lead the company’s product and technology development
    Built Technologies recently announced Raymond Ritz joined the company as senior vice president of technology. Built CEO Chase Gilbert said the company is confident that Ritz's background in software engineering will help strengthen the company's platform.
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  • Fintech company Plaid boosts capabilities by acquiring competitor Quovo

    Reportedly spending $200 million in deal
    Last month, Plaid, a technology platform that connects various applications with users’ bank accounts and has a growing presence in the mortgage space, raised $250 million in its Series C funding round that pegged the company with a reported valuation of $2.65 billion. At the time, the company said that it planned to use the money to expand. And now, the company is using much of that money to do just that by acquiring one of its competitors.
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  • Fintech company Plaid raises $250 million, valued at $2.65 billion

    New investors include Mary Meeker and Andreessen Horowitz
    There’s a new unicorn in the fintech space, as Plaid announced this week that it raised $250 million in its Series C funding round at a reported valuation of $2.65 billion. Plaid, a technology platform that connects various applications with users’ bank accounts, has a growing presence in the mortgage space. And now, the company plans to grow exponentially thanks to a massive new capital injection.
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  • First American, Old Republic Title bringing blockchain to title insurance

    Old Republic will use First American-designed blockchain solution
    Two of the biggest names in title insurance are joining together to bring blockchain to the title insurance industry. First American Financial announced Wednesday that it is launching a shared blockchain system to be used in the title insurance process. And the first company to sign on to use First American’s blockchain system is Old Republic Title Insurance Group, the nation’s third largest title insurance underwriter.
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  • Study: Minority homebuyers pay higher interest rates

    Algorithmic strategic pricing targets those less likely to shop around
    African American and Latino borrowers continue to pay higher interest rates on their mortgages – even when the loan is completed online. A recent study by the University of California Berkeley revealed minority homebuyers pay up to half a billion dollars more in interest every year than white borrowers with comparable credit scores. The study asserts that in the fintech era, the mode of lending discrimination has shifted from human to algorithmic bias.
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  • LoanScorecard launches new solution

    SimpleCECL utilizes Andrew Davidson & Co’s credit and prepayment model
    LoanScorecard announced it launched a new solution designed to provide loan-level analyses for current expected credit loss provisioning reserves. The company explained SimpleCECL will replace the current “incurred loss” model and goes into effect in 2020 for SEC-filing institutions and 2021 for all other financial institutions.
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  • Cloudvirga appoints new chief customer success officer

    Jesse Decker previously served as Roostify's vice president of client services
    Cloudvirga announced that Jesse Decker has joined the company as its chief customer success officer. Decker comes to the company with more than two decades of experience overseeing enterprise technology transformations and customer success programs.
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  • Fintech lender Prosper enters mortgage arena with eyes on HELOC disruption

    Bets on growth in home equity lending with digital offering
    Fintech lender Prosper, a longtime player in the personal lending space, has set its sights on the home equity sector, announcing plans Wednesday to enter mortgage lending with the release a digital HELOC product in early 2019. “We are taking advantage of our expertise in consumer credit and personal loans to build a product that removes the complexity and time-consuming barriers in applying for a HELOC,” said Prosper CEO David Kimball.
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  • Accenture develops two blockchain integration solutions

    Enables integration between two or more blockchain-based systems
    Accenture announced it developed and tested two blockchain solutions that enables integration between two or more blockchain-enabled ecosystems. The development in the growing area of blockchain technology solves what Accenture calls “a critical challenge” for the broad adoption of blockchain.
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