lson is now set to lead UConn’s newest graduate program “designed to be the best FinTech master’s program in the country,” according to the program’s website. The program is launching in Hartford in Spring 2022 and Stamford in Fall 2022. And unlike most finance master’s programs, Wilson isn’t yearning for student who focus just on the quantitative.
Financial-technology startup Plaid, alongside a coalition of fintechs and security compliance companies, announced Tuesday a proposed framework for fintechs to better protect consumer financial information from rising security risks. The framework – coined as the Open Finance Data Security Standard (OFDSS) – is a worked document that establishes 63 individual security requirements across 12 control domains the […]
Despite the appeal and convenience that artificial intelligence has brought to the financial industry, there is still evidence of inherent bias in its algorithms that slow, and even expel, loan approvals for minority cohorts. A way to polish this imperfect system is Fairplay, an AI fairness solution for any company that uses algorithms to “make high stakes decisions about people’s lives.”
Upstart, a San Mateo-based fintech that partners with banks and credit unions to offer installment and auto loans, announced plans to offer a bank-ready small-dollar loan product, according to Upstart’s Q3 earnings call.
British digital bank Starling upped the ante on its UK competitors after announcing it purchased a mortgage book worth £1 billion from specialist lender, Kensington Mortgage. After seven years in private equity ownership under firms Blackstone and Sixth Street, Kensington recently appointed Morgan Stanley to lead a sale process.
The following interview is with Socure CEO Johnny Ayers, who I spoke with ahead of the company’s recently announced $450 million Series E. The round was led by Accel and T. Rowe Price, included new participation from Tiger Global and Bain Capital, and propels Socure’s valuation to $4.5 billion.
Commercial real estate proptech Keyway emerged from stealth on Friday alongside a $15 million seed financing round led by Canvas Ventures with participation from Montage Ventures, FJ Labs and Crosscut.
True Wind Capital, a San Francisco-based private equity firm, announced successfully closing its second fund with $817 million in equity commitments, according to Crowdfund Insider.
Credit card-led fintech Stori announced Thursday its had closed a $125 million over-subscribed Series C round co-led by GGV Capital and growth-stage investor GIC – marking one of the largest Series C equity financing rounds in Latin America to date. Accompanying the equity round, Stori also snagged $75 million in debt financing from impact-focused, debt capital provider Community Investment […]
Automated payment platform Flexbase announced Thursday its now offering a credit card specifically for construction companies, with small and mid-size businesses in mind. According to a release, the Flexbase Card is available immediately nationwide and will offer up to 60 days-interest-free credit with no personal guarantee requirement and no security deposit.
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