Document automation firm Ocrolus has debuted Instant, its automated document processor. Instant, announced Wednesday (Sept. 20), is an artificial intelligence (AI)-powered service that lets lenders analyze bank statements and other financial documents for faster lending decisions while reducing risk. “Ocrolus has analyzed hundreds of millions of pages...
Are corporate borrowers resigned to higher interest rates? Wells Fargo thinks so. In an interview with Bloomberg Television on Friday (Sept. 15), Maureen O’Connor, global head of high-grade debt syndicate at the bank, said companies are seeing a desire for new bond sales in investment-grade and high-yield debt...
The freeze on federal student loan payments since March 2020 has allowed millions of individuals to allocate their money toward other needs. But as the October deadline for the resumption of payments looms, borrowers are increasingly concerned about the impact it will have on their...
Higher education has come a long way from its ivy-covered image of the past. Universities have had to become digitally nimble to keep up with both students’ changing habits and life-changing world events. The pandemic not only required a massive shift to remote learning but...
Student debt is top of mind as grads resume payments, but BNPL-like tuition installment plans can reduce the need for loans. The latest “B2B and Digital Payments Tracker” examines how technology can help students manage debt and colleges manage student loan programs amid the slimmer...
In the wake of the Supreme Court’s decision to block the federal student loan forgiveness plan, many of Generation Z’s recent college graduates will make their first student loan repayment in October. While millennials and Generation X still shoulder the brunt of the current $1.6...
Businesses are increasingly hoping to get a leg up in the recruitment of new graduates by offering a relatively rare benefit: paying off student loans. According to a report by Bloomberg on Wednesday (Aug. 30), listing for full-time jobs offering student loan repayment has doubled...
To provide more flexibility and support to trade school student loan borrowers, Fynn, a fintech lender specializing in private student loans, announced expansions to its benefits package on Tuesday (Aug. 29). These expansions aim to address the challenges faced by borrowers in terms of loan repayment and career...
Consumers with low credit scores may find assistance in their uphill battle toward greater financial security. Financial stumbles may have long-lasting impacts on consumers whose credit scores have been affected by these trip-ups. This is evidenced in the report “The Credit Accessibility Series: The Credit...
