How will corporate loan growth in Canada fare as interest rates rise, global economic and political uncertainty increases and the country’s economy shows signs of slowing? The chief financial officers (CFOs) of Canadian banks are considering this question after the country’s economy grew at a...
Open banking platform Tink is launching a new product that gives lenders real-time access to applicants’ fixed and discretionary spending, allowing them to make faster and more accurate affordability assessments. Expense Check from Tink will be introduced in the Nordics and the U.K. before a...
Irish FinTech company FixxFi has launched an embedded finance solution for the auto and home repair industries, the company announced in a news release Monday (Aug. 29). The firm stated that “current financial products are lacking and burdened with outdated, inflexible options. As a result,...
Payments FinTech Highline Technologies is partnering with employment data platform Argyle to bring payroll-linked lending and bill pay capabilities to lenders across the U.S. Payroll-linked lending gives consumers who typically can’t get affordable credit access to lower-cost loans that are automatically paid back directly from the borrower’s paycheck. With...
The cancellation of student debt may be a bit of a political football. Some opponents argue that the debt should not be cancelled, as the burden would be shouldered by taxpayers. Others cheer the concept but state that what’s on the table does not go...
While Cross River Bank had been doing massive amounts of work helping small businesses get Paycheck Protection Program (PPP) loans at the beginning of the pandemic, there are concerns about borrowers who aren’t applying for forgiveness. The bank has made around $1 billion in fees...
Banks and credit unions (CUs) want to advance their digital strategies and offer new conveniences to customers but may be wary of the cost of implementation or subscriptions. That’s the challenge mortgage lender Rocket Mortgage and digital transformation solution provider Q2 Holdings are solving with...
Income and employment verification startup Truework secured a $50 million Series C funding deal that will go toward helping the company continue product development, add to its pool of talent and build out its platform. The fresh funding was led by G Squared, with participation...
Mobile lending startup iCreditWorks is launching an installment product to add to its suite of point-of-sale (POS) financing solutions that enable users to pay off purchases in four payments. The Pay-In-4 installment loan offered by iCreditWorks is paid by the customer in four equal installments. The first...