Lend Academy - Teaching the world about peer to peer lending
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Lend Academy has been bringing you all the news and information about peer to peer lending since 2010. Founded by Peter Renton, Lend Academy not only has the most active news site, but also the largest online forum and the first and most popular podcast in the industry.
Lend Academy - Teaching the world about peer to peer lending
9h ago
In 2023, the SEC adopted strict new cybersecurity disclosure requirements. The rules require public companies to disclose “material” cybersecurity incidents within four days; to periodically disclose cybersecurity risk management, strategy and governance in annual reports; and to describe the company’s oversight of cybersecurity risk by the board of directors, including management’s role and expertise. While these new rules only affect public companies, they serve as a reminder that thorough cybersecurity plans are critical to protecting investors from the expense and downside risk a cybersecu ..read more
Lend Academy - Teaching the world about peer to peer lending
1d ago
While check usage has been in decline for years, for many businesses it is still a primary method of payment.
According to the Federal Reserve we processed over three billion commercial checks in 2023 valued at over $8 trillion.
Codat is looking to change that. Today, the business data API provider launched its new Supplier Enablement product designed to encourage businesses to accept virtual cards instead of checks. Its first partner bank in this effort is none other than JP Morgan.
The new system enables businesses to share data from ERP and accounting systems ..read more
Lend Academy - Teaching the world about peer to peer lending
1d ago
Embedded finance is having a moment. While those of us in fintech marvel at all the technological innovation enabling its different facets, the reality is that embedded finance is helping people in very real ways.
Pipe announced the launch of their Capital-as-a-Service (CaaS) offering this morning. This new development in embedded finance is going to have a dramatic impact on small businesses all over the country.
It pains me that after more than a decade in fintech, much of it focused on the lending space, we have still not solved the small business lending problem. Millions of small business ..read more
Lend Academy - Teaching the world about peer to peer lending
2d ago
Those of you following along closely will know that Fintech Nexus sold its event business to Fintech Meetup in June of last year. We have been focused on digital media since then.
Now, we have taken a further step to put our digital media business on the market.
We have been making quiet inquiries with select organizations over the past month. While we are talking with several interested parties, we have decided to broaden our reach by making this news public.
If you want to learn more, we have a short form where you can send us expressions of interest, and our t ..read more
Lend Academy - Teaching the world about peer to peer lending
2d ago
When we sold our events business to Fintech Meetup last year, we decided to focus on building the digital media business. Started during the pandemic, this business had never received the attention it deserved.
Now, almost a year later, we have proven that our digital media assets can be a profitable, enjoyable, and valuable small business. However, the infrastructure (and capitalization) required to run a multinational events business does not fit the new model.
We have engaged a third party to manage the process of selling our remaining assets. This includes multiple large email ..read more
Lend Academy - Teaching the world about peer to peer lending
2d ago
Last year, Brazil’s central bank made headlines by unveiling its digital currency project, Drex. Also known as the Digital Real, this CBDC is set to mirror the country’s circulating currency and is slated for launch by year-end, marking a significant milestone in the regulator’s ambitious innovation journey, which has already seen groundbreaking initiatives like Pix and Open Finance.
As the use of digital assets continues to grow, central banks are taking proactive steps to explore the issuance of central bank digital currencies. This effort aims to provide a modern alternative to the increasi ..read more
Lend Academy - Teaching the world about peer to peer lending
5d ago
Earnings season for financial services officially kicked off this morning, with three of the top four banks reporting earnings.
Let’s look at JPMorgan first. By most measures, they crushed it. The country’s largest bank reported $13.42 billion in profit on $41.93 billion in revenue – that is for the first quarter folks, not a year. Did anyone ever tell you that banking is highly profitable?
Wells Fargo also reported solid earnings. Profit declined a little but it was still $4.62 billion on revenue of $20.86 billion. Both earnings and revenue were above Wall Street analysts ..read more
Lend Academy - Teaching the world about peer to peer lending
6d ago
Enjoying our podcasts? Don’t miss out on future episodes! Please hit that subscribe button on Apple, Spotify, YouTube, or your favorite podcast platform to stay updated with our latest content. Thank you for your support!
Peter Renton, Chairman & Co-Founder of Fintech Nexus and Tommy Nicholas, CEO & Co-Founder of Alloy
The anti-fraud space has really heated up this past 12 months as fraud attempts have been on the rise and bad actors have become more sophisticated. Often, it can feel like an increasingly difficult battle to win, but there is reason for optimism.
My ..read more
Lend Academy - Teaching the world about peer to peer lending
6d ago
This week there was big news in the payments space.
Yesterday, we learned that CHIPS (Clearing House Interbank Payment System) migrated to the ISO 20022 message format. The ISO 20022 standard is a global standard that is being adopted (slowly) by payments schemes across the globe. The standard actually dates back to 2004 – changes often don’t happen quickly in finance.
For those of us who are not payments nerds let’s explain what that means. This new standard uses a data-rich common language (using XML syntax) that can be exchanged between banking systems and corporations ..read more
Lend Academy - Teaching the world about peer to peer lending
6d ago
Lending acts as a fundamental driver of economic vitality, facilitating investments, consumer spending, and broader economic expansion. Its intricacies are closely linked with the prevailing economic climate, as fluctuations in key indicators—such as inflation, interest rates, unemployment rates, and GDP growth—play pivotal roles in shaping the lending environment.
These economic fluctuations exert a profound influence on the behaviors of borrowers, their ability to maintain creditworthiness, and the willingness of lenders to assume risk.
The nexus of wage growth and inflation
Wage growth is a ..read more