Christina Trampota, Author at Mobile Growth Association

From P2P Lending to Digital Marketplace Banking: How LendingClub Is Changing the Fintech Landscape

Since the 2008 global financial crisis, the Fintech industry has dramatically changed the banking and financial services industry. Not only have we seen the rise of peer-to-peer (P2P) and marketplace lending networks that directly connect investors with borrowers to open up new options and possibilities for both, but we’ve also seen the rise of neobanks… Continue reading From P2P Lending to Digital Marketplace Banking: How LendingClub Is Changing the Fintech Landscape

How Fintech Is Transforming Banking In Latin America

In many parts of the world, it’s common for people not to have bank accounts, particularly in developing or underdeveloped countries. At the same time, however, mobile phones are ubiquitous. For example, there are 127 million people in Mexico, and more than 63 percent do not have a bank account. Yet, about 60% of them… Continue reading How Fintech Is Transforming Banking In Latin America

How Breaking Down Data Silos Will Change Fintech

The pandemic has certainly accelerated many changes in the fintech world, both for businesses and consumers, but one thing that still hasn’t really changed is how financial firms look at and manage data. That is, there are still plenty of privacy, risk, and regulatory restrictions on how data is accessed and used; and for good… Continue reading How Breaking Down Data Silos Will Change Fintech

Why The Best Fintech Products Are Based In Personal Experiences

It’s probably no surprise to anyone that the number of dual-income households has grown dramatically over the past 40+ years. Today, the majority of American households are dual-income, with modern families looking significantly different than those of previous generations. Unfortunately, the tools and financial institutions haven’t kept up as household makeup and finances have become more… Continue reading Why The Best Fintech Products Are Based In Personal Experiences

Families Are Changing and Traditional Banks Need to Catch Up

There’s little doubt about it: Our economy is changing. That’s in large part due to the coronavirus pandemic, but it’s also because long-time economic shifts that have in the past taken years (or even decades) to change are now speeding up dramatically. To be sure, massive temporary business closures intended to limit the virus’ spread… Continue reading Families Are Changing and Traditional Banks Need to Catch Up

Balancing Innovation and Regulation: Two Sides of the Fintech Coin

According to the FDIC’s “How American Banks” report, approximately 33 percent of U.S. households used a peer-to-peer (P2P) service to make a payment in 2019. That figure has likely only grown during the coronavirus pandemic, with P2P service providers now dipping their toes into other services such as accepting deposits. In fact, for the non-banked,… Continue reading Balancing Innovation and Regulation: Two Sides of the Fintech Coin

How Fintech Can Bridge the Wealth Gap

Probably one of the most well-known social challenges facing us today is the growing wealth gap. According to Inequality.org, the world’s richest one percent own more wealth than nearly half of the entire world population. In the U.S., the top 10 percent owns about 70 percent of the wealth, which comes to wealthy individuals essentially… Continue reading How Fintech Can Bridge the Wealth Gap

The Future of Banking is Digital—But That’s Not All

We talk a lot about what the future of digital banking holds, and often that discussion is focused on technological innovation. However, as our guest on this week’s Fintech Growth Talk discusses, there is no innovation without putting the customer at the center of everything.

P2P Investment Platforms Set to Thrive in Post-COVID World

The COVID-19 pandemic has clearly accelerated change in many industries, and peer-to-peer, or P2P, lending is among one of area of Fintech that has been thriving. P2P lending is seeing a near perfect storm for growth: Widespread adoption of digital platforms, record-low interest rates in many developed countries worldwide, and a well-defined regulatory environment for… Continue reading P2P Investment Platforms Set to Thrive in Post-COVID World

How Mobile Is Empowering CDFIs To Fulfill Their Mission

Community Development Financial Institutions (CDFIs) are banking institutions designed specifically to serve underbanked communities. These communities are often low on the socio-economic ladder, and they often need financial services designed specifically for them. But because the traditional banking model often views people and businesses in these communities as high risk, they’re often overlooked. That’s where… Continue reading How Mobile Is Empowering CDFIs To Fulfill Their Mission