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September 27, 2018

The Detroit Mobility Lab announced Thursday that it’s picked the Boston Consulting Group as the strategic advisory partner in the development of the Michigan Mobility Institute, a talent organization for the sector.

An opportunity exists for Detroit and the state to be the nexus of the technology that’s changing how people and goods move, Detroit Mobility Labs co-founder Chris Thomas told Benzinga.

“...

September 26, 2018

DETROIT and SAN FRANCISCO - Benzinga, a leading financial media and events company, announced that it will team up with the nation’s leading online loan marketplace LendingTree Inc TREE 2.28% to award $10,000 to the winner of an on-site fintech demo competition at the Benzinga Fintech Summit in San Francisco November 14, a leading capital markets and payments deal-making conference....

September 25, 2018

DETROIT (WXYZ) - Everyone wants to save in theory, but doing it is harder than you think.

In the age of “there’s an app for that,” you can bet your bottom dollar that there’s an app to help you save too. In fact, there’s dozens — and how you like to save may match with different apps.

Some apps help you collect your spare change and invest it. Others take that same change and apply it to your student...

September 24, 2018

FARMINGTON HILLS, Mich., Sept. 24, 2018 /PRNewswire/ -- TiECon Detroit 2018 - Ignite2Disrupt - All About AI, Michigan'slargest conference on entrepreneurship, presented by TiE Detroit, today announced the winners of the TiE20 Industry Awards. 

Selected from more than 500 nominated companies, the winners represent the most enterprising startup companies in five focus segments: Sen...

September 19, 2018

Northern Michigan based, Bitcoin Learning Centers, launches a video-based website entitled CryptoLearningVideos.com, with the mission of teaching blockchain, cryptocurrency and fintech.

Bitcoin and cryptocurrencies have exploded into the minds of countless investors seeking to diversify their portfolios into alternative asset classes. In fact, at the beginning of 2017 the total market capitalizati...

September 17, 2018

DETROIT, Sept. 17, 2018 /PRNewswire/ -- Detroit-based Quicken Loans, the nation's largest mortgage lender, today announced a long-term agreement with Universal McCann (UM) to oversee the company's media planning and buying. UM also announced plans to open a new office in the Bedrock-owned First National Building in the heart of downtown Detroit. The company will initially house 40 employees in the...

September 17, 2018

The lawsuit, which was filed in a federal court in Manhattan by the state's Department of Financial Services (NYDFS), alleges that allowing fintechs to apply for special national charters could enable online lenders, cryptocurrency exchanges and alternative payment firms to operate without the need for a banking partner. 

The idea of special banking charters has long been opposed  by both state regu...

September 17, 2018

Mortgage lender Quicken Loans has selected IPG Mediabrands' UM to handle media following a lengthy competitive review dating back to January of this year. UM is in the process of opening a permanent office in downtown Detroit to serve Quicken Loans, which is headquartered there.

"We went through a very intentionally long process to make sure we found the perfect partner, not just from a co...

September 16, 2018

State's GDP per capita is up but household income, ownership is down

Unemployment is down, but fewer Michiganders are actually working

Labor force participation rate dropped to 61.5 percent in July this year from a peak of 69 percent in 2001

On Sept. 15, 2008, global financial service firm Lehman Brothers filed bankruptcy and the entire economy was sent into a tailspin.

Lehman was the tip of the spear...

September 13, 2018

JP Morgan Chase pledged $500 million for a new project called AdvancingCities which aims to enhance economic growth in 30 cities across the world, targeting an additional $1.5 billion in outside capital from financial entities and big philanthropic institutions. The project was patterned after a successful scheme implemented in Detroit, Chicago, and Washington. 

To be able to qualify for the grants...

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