Marketplace lending

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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Patriot Financial leads $15 million round for Numerated

09/10/19

Numerated, vendor of loan prospecting, marketing and underwriting software that was developed within Eastern Bank, now has $32 million.

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CFPB moves to ease fintechs’ regulatory fears

09/10/19

The bureau issued three policies removing the threat of legal liability for approved companies that test new products.

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What Citi sees in Even Financial

09/06/19

The bank helped raise $25 million for the fintech because of its potential to bring banks and nonbanks together in a virtual marketplace.

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Where is this online lender using AI? Everywhere

09/05/19

Enova has used AI in credit decisions for years. Now it’s having AI do the work of document verification, know-your-customer checks and more.

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Kabbage will buy small-business data provider

09/03/19

The acquisition of Radius Intelligence fits with the online lender's existing focus on small commercial borrowers.

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Has removing tax lien data from credit records led to more bad loans?

09/03/19

A year after the major credit bureaus agreed to strip tax liens and civil judgments from consumers' credit files, a new study says it is hampering lenders' credit decisions. But proponents of the move insist it was the right call.

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