Fintech

AccessFintech lets financial firms track trades and aggregates data in order to get a sense of risk across a number of systems.

Upgrade's new product, unveiled Tuesday, is aimed at consumers who are expecting a big expense but may not need to borrow all the money at once. Unlike a home equity line of credit, the loan can be approved in minutes because there is no need for collateral or an appraisal process.

The Atlanta bank will hold the loans on its books and pay Microf a fee the referrals. The partnership will further its expansion in consumer lending.

While the banking industry is divided on the use of conversational technology, the San Francisco company believes chatbots can make it easier for customers to discuss their finances.

The Atlanta company partners with banks and merchants to offer consumer installment loans. It could seek to raise as $1 billion as early as this summer, the Wall Street Journal reported.