Webinar: Lending digitalisation & AI: Beyond the hype – what’s concrete?
Real customers’ use cases demonstrating the benefits of AI throughout the entire credit lifecycle.
Lending
Live Oak Bank deploys Finxact core for deposits and loans
The US lender picked Finxact in 2018 to revamp its core systems.
JP Morgan fires staff for COVID-19 relief funds fraud
The largest bank in US clamps down on suspicious staff activity.
Artis Technologies secures $1.5m in seed funding
The Atlanta lendtech grabs its first injection since launching in March.
American Express acquires SoftBank-backed Kabbage
Reports earlier this month put the value of the acquisition at up to $850 million.
John Legend-backed challenger Cred.ai runs beta in US
The fintech has built its own underwriting which it intends to outsource.
Banks adapting to post-COVID-19 world overlook power of data
Banks can use data to stand out from the competition and fortify their position.
American Express looks to buy US fintech lender Kabbage
Kabbage was last valued at more than $1 billion.
ICE agrees $11bn Ellie Mae acquisition
Exchange operator aims to boost its nascent mortgage business.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
Responsible subprime auto lending through AI
This math is at the root of a very basic truth: opportunity is not distributed equally in America.
Affirm eyes IPO with up to $10bn valuation
PoS lender is working with Goldman Sachs in early-stage discussions of a potential listing.
Enova International acquires struggling lender OnDeck in $90m deal
OnDeck has suffered in the wake of the COVID-19 pandemic.
Max Levchin’s Affirm lands Shopify buy now, pay later deal
Affirm will power instalment payments for ‘Shop Pay’.
Study finds discrimination against Black small business loan applicants
Of the groups studied, Black women received worse treatment in 59% of cases.
How fintech is transforming financial management capabilities for small businesses
Most business-facing fintech tools have adopted usability conventions from consumer-facing apps.
Banks must deploy AI with urgency to save SMEs
Projects that would normally take months need to be delivered in days.
US COVID-19 relief scheme deploys Wolters Kluwer tech
iLien for Main Street can aid banks offering support under the Main Street Lending Program.
US buy now, pay later fintech Sezzle in $60m raise on ASX
The start-up still needs to close $5 million.
Car repair loan fintech DigniFi lands $14m Series A
DigniFi also landed a hefty sum of private equity for its auto financing platform.
Santander gets US challenger bank Upgrade to unicorn status
The San Francisco-based challenger has landed a $40 million Series D.
LenderClose appoints Martina Schubert as its CTO
She joins LenderClose with more than 25 years in information technology leadership experience.
OakNorth partners with major US lender PNC Bank
The bank is using OakNorth’s COVID Vulnerability Rating (CVR) framework.
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Credit fintech Curu lands $3m in seed funding
The start-up offers an integrated SaaS product for lenders.
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
Fortunis capital invests £15m in UK fintech Karma
The voucher lending app was trialled in the UK with support from the Scottish government.
Budgeting strategies for government stimulus payments
Suggestions for how households could maximise the impact of their payments.
Commonwealth Credit Union picks Jack Henry to automate lending
The Kentucky-based CU wants to boost its lending capabilities.
Six fintech innovations that bank lenders must embrace – and fast
Here’s a review of cutting edge tech.
Webinar: Digitising the commercial lending process in times of crisis
How to support business clients now, when they need it the most, with an expedited digital lending process.
Video: Top fintech stories this week – 01 May 2020
FinTech Futures’ weekly news round-up.
LenderClose secures funding from Financial Plus Credit Union
The 8-figure Series B funding round began as an exclusive opportunity for the company’s initial investors.
COVID-19: Highlight of the week
This week, we focus one particular coronavirus news item affecting the fintech industry.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
Credit scores and the willingness to repay in the age of Covid-19
Psychometric credit solutions will likely become increasingly valuable for loan decisioning.
FCA sets out guidance for mortgage providers & lenders on COVID-19-related loan scheme
This supports the announcements made by the Chancellor last week.
Citadele Bank invests €10m in SME Finance
The partnership will offer factoring and banking services.
What the Fintech? A new podcast from FinTech Futures | Episode 1
Trending topics, useful insights, strong opinions, and a fintech jailhouse – all in our brand new podcast!
