Lending solution Kennek will debut a new “plug and play” credit infrastructure on cloud banking platform Mambu to help alternative lenders and credit investors with credit sourcing, Mambu said in a press release. Building on Mambu’s composable cloud platform, the company will offer a “highly...
Employment and income verification solution Truework has teamed up with Plaid to expand its consumer lending offering, Plaid Payroll Income. In an announcement on its website Friday (May 27), Truework said the partnership involves integrating the Plaid tool into Truework Credentials, letting applicants share their...
Risk and reward are the cornerstones of any asset class. Clarke Roberts, senior vice president, Electronic Trading Services at LendingClub, told Karen Webster that whole loan auctions — where institutional clients buy and sell LendingClub’s bundled personal loans — are due for a tech-enabled, digital...
LendingClub, the parent of LendingClub Bank, on Wednesday (May 25) announced it is adding client-to-client sales to LCX, its automated loan-auction platform. The new capacity will let institutional investors sell LendingClub loans to each other directly, the announcement said. The change, according to LendingClub, should...
Canadian integrated payment technology company VoPay has launched a partnership with unified lending management company TurnKey Lender to provide lenders with fully digitized end-to-end process automation, according to a Tuesday (May 17) press release. “TurnKey Lender and VoPay are combining forces to further streamline the digitization...
In this economy, staring down a possible recession, we’ll see if the disruptors to traditional lending wind up being disrupted themselves. At this writing, shares in Upstart Holdings are being cut roughly in half — on a day when the markets are soaring, generally speaking....
Stock brokerage app Robinhood has launched a stock lending feature that lets its users lend out their fully paid stocks to borrowers recruited by the company. As the company announced Wednesday (May 4) on its website, users will be paid once their stocks are lent...
Square has launched Square Loans in Canada, giving small businesses streamlined access to funds by creating customized offers to eligible sellers and giving them a straightforward application process, according to a Thursday (April 28) press release. The revamped process is free of paperwork and delivers...
Main Street small and medium businesses (SMBs) are still struggling with cashflow issues as the pandemic wanes, but they’ve come to rely on the new breed of FinTech lenders to get them through the worst of it. In the April 2022 working paper “The Impact...