Marketplace lending

Can Freddie Mac's embrace of AI pull the industry along?

10/02/19

Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.

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Fintech lenders taking more market share from banks, survey finds

09/25/19

Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.

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Kabbage founders launch startup to connect small businesses with gig workers

09/23/19

The startup, Drum, provides a marketplace for small businesses to offer promotions to influencers who can help them drum up business.1:54 PM?

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House Republicans urge OCC to reverse effects of Madden ruling

09/23/19

All of the GOP members on the House Financial Services Committee called on the regulator to consider "administrative decisions" to offset the impact of the 2015 decision.

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Fannie, Freddie can keep profits; CBD firm seeks national bank

09/23/19

Building capital will help the mortgage agencies move toward the private sector; Virtual Wellness needs to assure banks it's safe to do business with them.

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Fintechs serving gig-economy workers raise funds, plot expansion

09/19/19

Salaryo and Joust are among the companies catering to a clientele of underbanked entrepreneurs, Uber drivers and the like. Venture capital dollars are starting to follow.

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Cash-flow data shows promise as predictor of credit risk

09/17/19

Melissa Koide, co-founder and CEO of FinRegLab, analyzed loan data from six lenders that use cash-flow data in their underwriting. She shares what she found.

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Banks have upper hand in tech but no room to be complacent

09/15/19

The largest financial institutions have a golden opportunity to capture more market share because of the under-40 crowd’s decided preference for digital banking, J.D. Power says. Yet so do nonbanks.

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SoFi makes big bet on the NFL with L.A. naming rights deal

09/15/19

The online lender's name will go on a glitzy new stadium in Inglewood, Calif., that is scheduled to open next year. The big question is whether the 20-year deal will contribute to profitability, which SoFi has yet to achieve on a consistent basis.

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Stress detector, employee sidekick, fraud fighter: AI's new uses

09/11/19

Credit decisions were a natural place to start with artificial intelligence, but now banks and credit unions are taking the technology to all parts of their businesses.

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