Alternative Finances

Alternative Finances
GoFundMe Launches Zero Fee Platform
December 01, 2017

GoFundMe, the online donation platform, announced Thursday (Nov. 30) it is introducing a zero percent platform fee with new, U.S.-based personal fundraising campaigns. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Alternative Finances
Why The Cleveland Fed Pulled Their Online Lending Study
November 21, 2017

Last week, we told you a tale of two Fed studies, which were putatively about the same topic, but drew nearly opposite conclusions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Alternative Finances
Online Lending And A Tale Of Two Fed Studies
November 14, 2017

Online consumer lending – in a variety of forms – has grown explosively over the last decade. In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. Get the Full Story Complete the form to unlock this article and enjoy...

Alternative Finances
Taking A Credit-First Approach To Alt Lending 
November 07, 2017

Those who are fortunate enough to have access to credit often take it for granted. Imagine if your car broke down, your child needed school supplies or your father passed away and you couldn’t afford the funeral, but banks didn’t want to work with you...

Alternative Finances
Instant Payments Are Killing The Check (Not So Softly) 
November 07, 2017

No one likes getting a check. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...

Alternative Finances
How To Bring ‘Invisibles’ Into The Credit Fold
October 26, 2017

How much of the U.S. population is financially vulnerable? That is, how many are walking the razor’s edge of solvency, and how many are on their second chance after a shock to their financial stability — such as job loss, work-related injury or a divorce...

Alternative Finances
SoFi Tried To Sell Itself For $8B Earlier This Year
October 23, 2017

According to reports in The Financial Times, SoFi explored the possibility of an $8 billion sale earlier this year — a process that went far enough that it held talks with San Francisco-based broker Schwab. Get the Full Story Complete the form to unlock this article...

Alternative Finances
Affirm Is Ready To Reach Beyond Lending
October 20, 2017

“Trust me to give you sound [financial] advice,” Max Levchin, founder and CEO of Affirm, said at The Wall Street Journal’s WSJ D.Live technology conference in Laguna Beach. “That’s where we’re headed to next.” Get the Full Story Complete the form to unlock this article...

Alternative Finances
Why The ICBA Doesn’t Want Square To Be A Bank
October 17, 2017

Despite the fact that they are currently being hotly pursued by technologists, the Industrial Loan Charter (ILC) is not exactly a new idea. The concept – originally called a Morris loan – first appeared on the American financial services landscape in 1910, and has occupied a fairly small corner...