Marketplace Tech Report for Thursday, October 11, 2012
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A new start up called Lend Up is plunging into a line of work with one of the worst reputations in all of finance. The hope? To transform payday lending. LendUp's Jake Rosenberg says the inspiration is microlending, which has worked in very poor parts of the world. Today, MIT is starting an outfit dedicated to delivering us from our wireless streaming frustrations. The newly minted Center for Wireless Networks and Mobile Computing is working on a technology called Softcast, and the results for cleaning up choppy online video are pretty impressive.
Posted In: Tech, microlending, wireless, MIT
Payday lending -- an area of finance with one of the worst reputations -- may get a facelift with new start up LendUp, which takes its inspiration from microlending. Today, MIT is starting an outfit dedicated to delivering us from our wireless frustrations.