Today In Data: The Upgrading And Diversifying Face Of Financial Services
After a long, and at times painful, journey back from the wilderness that began in May 2016, it looks like things are getting back on track for marketplace lenders in the U.S. Both LendingClub and OnDeck logged better than expected results in Q2, even as interest rates continue to climb. And the story for a lot of financial services players and providers has been one of bouncing back and getting to growth in the second half of 2018. Some of that is powered by better core technology andtesting mechanisms. And some of it, according to WePay Co-founder Rich Aberman, is a growing knowledge across commerce and financial services that the time has come to evolve – or die.
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