Marketplace lending

Nonbank lender’s results bolster case for alternative data, CFPB says

08/06/19

The Upstart Network, the first and only startup to participate in the bureau’s program for promising digital platforms, claims that using nontraditional credit data items has helped loan volume and affordability.

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GreenSky exploring potential sale after earnings disappoint

08/06/19

The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.

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Fox agrees to buy fintech for $265 million

08/05/19

Credible Labs, which lets consumers shop for the best rates on student loans, mortgages and other credits, would be part of an evolving digital strategy at Fox after the multibillion-dollar sale of many of its traditional media assets to Disney.

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Online lenders make case for cash-flow data while acknowledging pitfalls

08/05/19

Though the use of alternative data in lending is seen by some as untested, several fintechs say they couldn't function without it.

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The JPM-OnDeck split, Truist's tech plans, Capital One's breach: Top stories of the week

08/02/19

JPMorgan Chase ends business loan partnership with OnDeck; Truist out to prove it can best the megabanks in tech; Capital One's data breach was bad, but it could've been worse; and more from this week's most-read stories.

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Fintech competition drives Dollar Bank into online lending

08/01/19

The Pittsburgh bank is using software initially developed by a fellow mutual to help build out its platform.

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What's next for OnDeck after breakup with JPMorgan?

07/29/19

The online lender is counting on other arrangements with banks — and perhaps even a bank charter of its own — to help recover from the loss of a key partnership.

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JPMorgan Chase ends business loan partnership with OnDeck

07/29/19

The decision is a blow to OnDeck, which said Monday that it intends to pursue a bank charter, either by applying for one or by buying a bank.

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Cash-flow data can predict creditworthiness, new study shows

07/25/19

A study by FinRegLab of six nonbank lenders' use of cash-flow data in underwriting decisions finds this type of "alternative data" helps predict loan performance.

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Goldman Sachs paid price for expansion into consumer banking

07/16/19

The company revealed its pretax losses for its forays into consumer and other digital banking services, which began in 2016 with the launch of a consumer deposit franchise and an installment loan product.

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