Category: FinTech News

Yahoo Launches "Tanda" — A Peer to Peer Savings and Loan App

This week Yahoo Finance launched a new mobile app that offers a twist on peer to peer lending and investing. Dubbed "Tanda," the app connects users and places them into groups where each participant makes monthly payments toward a combined pot. Then the lump sum is then awarded to one individual each month on a rotating basis, meaning each group member will receive the money they contributed back at some...

What's Next for Kodak? Cryptocurrencies

Once upon a time, Eastman Kodak was riding high, becoming nearly synonymous with both film and photography. Unfortunately the new millennium has not been kind to the company, leading Kodak to file for Chapter 11 bankruptcy protection in 2012. However, as displayed at the recent Consumer Electronics Show in Las Vegas, the company has a new comeback strategy: blockchain. Kodak says it plans to launch a new digital currency called KodakCoin. This...

Chase Joins AutoFi for FinTech Auto Financing

Last week JPMorgan Chase continued to grow their FinTech partnership roster, becoming the first national bank to offer auto financing on the AutoFi platform. AutoFi aims to make the car-buying process simpler, allowing users to select a vehicle and apply for financing on various deal websites.

Are P2P Loans Actually "Predatory"?

A new report released by the Federal Reserve Bank of Cleveland is causing waves in the FinTech community as it makes some harsh claims about the practice of peer to peer (P2P) lending — also known as marketplace lending. Among those assertions is the idea that P2P lenders engage in predatory practices, with the report stating, "P2P loans resemble predatory loans in terms of the segment of the consumer market...