Open Banking: Canada Might Not Be Able to Make Up for Lost Time

January 22, 2020
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Over the last two years, open banking has become a matter of public conversation in Canada. Most would agree there is overwhelming support for the implementation of an open banking regime. So why has nothing concrete happened yet? 2019 turned out to be an exciting, yet painfully underwhelming year for open banking in Canada. The […]

Amazon Says Browser Extension No Longer Secure, Just After PayPal Acquired It

January 13, 2020
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Last week Politico reporter Ryan Hutchins noted on Twitter that Amazon has been alerting its website users who had installed Honey that the browser extension is no longer safe. The extension, which searches the web for sales coupons for items in your checkout basket and automatically applies them, was recently acquired by PayPal for $4 […]

Google to Begin Offering Checking Accounts in 2020

November 16, 2019
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This week Google announced that it plans to offer checking accounts to customers in 2020. The news comes after the release of the Apple Card, Apple and Goldman Sach’s controversial joint project, in August; this week’s release of Facebook Pay; and the mass exodus by payments companies from Facebook’s Libra Association last month. Titled as […]

Is Your Firm Ready for Machine Learning?

October 15, 2018
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This story appeared in deBanked’s Sept/Oct 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE Artificial intelligence such as machine learning has the potential to dramatically shift the alternative lending and funding landscape. But humans still have a lot to learn about this budding field. Paul Gu, co-founder, Upstart Across the industry, firms are […]

Did UCC Lead Generators Overload NY State’s System?

April 4, 2017
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In the small business finance industry, New York State is known as one of the friendliest places to conduct a UCC search. You can not only search by debtor, but also by secured party, and get just about everything you need to create a list of prospects for free. But the State’s website isn’t exactly […]

OnDeck CEO Noah Breslow Talked Tech Worker Shortage in Canada on BloombergTV

March 22, 2017
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On BloobergTV Canada, OnDeck CEO Noah Breslow explained what he thought the country could do to boost innovation. The discussion stemmed from Canada’s decision to set aside C$800 million over the next four years to carry out that objective. Breslow said that since Canada has excellent schools, those graduates can be nurtured into forming businesses […]

AI Sales Assistant Penetrating Alternative Finance Raises $34 Million in Series B Round

December 15, 2016
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digital brokers

Wondering how your competition always seems to be so on top of their game? They might be using an artificially intelligent sales assistant. Such technology was reported on last month when deBanked learned that it had penetrated the alternative business financing industry through at least one company named AI Assist. AI Assist is powered by […]

Google To Shut Down Financial Products Comparison Site

February 23, 2016
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The tech giant plans to shut down Google Compare on March 23rd 2016, a tool which let users compare financial products like credit cards, mortgages and insurance.

Exponential Finance

June 15, 2014
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DailyFunder Exponential Finance

Last week, DailyFunder was a media sponsor of Exponential Finance presented by Singularity University & CNBC. It was a totally different atmosphere from some of the other events I’ve been to this year already (Transact 14, LendIt, etc.). In the upcoming July/August issue of DailyFunder magazine, I’ve got a column that summarizes the event that […]

Fund it and Ask Questions Later

March 25, 2014
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Ever since OnDeck Capital stopped doing verbal landlord references, the underwriting landscape of alternative lending has changed dramatically. Kabbage will supposedly fund applicants in just 7 minutes. Everybody’s under the gun to streamline their process, fund deals faster, and produce record breaking numbers month after month. And why shouldn’t they? Investors are practically foaming at […]

Kabbage Has Leverage With Patents

March 23, 2014
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kabbage Patents

If you’re planning on introducing new technology to the merchant cash advance or alternative business lending space, you might want to start filing a patent, or else end up violating someone elses. I’ve brought up Kabbage and patents before, but another one of theirs caught my attention. In their invention named, Method and Apparatus to […]